International and Dutch unions filed a complaint with a global trade body on Tuesday accusing Chevron Corp. (CVX.N) of funneling billions of euros through letter box companies in the Netherlands to avoid taxation. This will be an interesting case.
EU politics
Thomas Piketty: Wealth tax in America
Thomas Piketty calls for an annual wealth tax, in addition to a progressive income tax and inehritance tax. Not only in the USA, but in Europe as well. Read here
Finance
Dean Baker – News for Bill Gates: Capitalism Is Still Capitalism Without Patent Monopolies
Like Donald Trump, Bill Gates apparently has a hard time understanding some things. The NYT had a major article on Gate’s role in developing vaccines against the coronavirus. At one point, the piece notes critics […]
Finance
Jan Fichtner: The Cayman conundrum: why is one tiny archipelago the largest financial centre in Latin America and the Caribbean?
A good summary of the role of the Cayman Islands as a tax haven. Hopefully that will start to change in 2020 after the UK Parliament passed a law imposing public registers of beneficial ownership […]
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