The financial sector is hailed as the crowning glory of the UK economy. But as it blooms, everything else withers. This is true wherever the financial sector becomes dominant in the economy, similar to what happens in an oil rich nation.
Read here
Austerity
Bill Mitchell: Eurozone fiscal rules bias nations to stagnation – exit is the remedy
The big motor is fiscal policy and because of the flawed design in the Eurozone it is dysfunctional in the extreme. Central bank policy shifts can do little to counter the damage that fiscal austerity […]
EU politics
Petr Janský: Effective tax rates for multinational companies in the EU
Richard Murphy: “Guess what? EU multinational corporations do not pay the tax that we expect of them” Read here
EU politics
Brad Setser: Tax Avoidance and the Irish Balance of Payments
An excellent analysis: “Profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.” Read here
Be the first to comment