In the last few years, globalisation has come under renewed attack. Some of the criticisms may be misplaced but one is spot on: globalisation has enabled large multinationals, such as Apple, Google and Starbucks, to avoid paying tax. Apple has become the poster child for corporate tax avoidance, with its legal claim that a few hundred people working in Ireland were the real source of its profits, and then striking a deal with that country’s government that resulted in its paying a tax amounting to .005% of its profit. …Joseph E Stiglitz is a Nobel laureate in economics, university professor at Columbia University and chief economist at the Roosevelt Institute.
Wojciech Kopczuk, a Columbia University professor of economics, estimated that the Sanders plan would capture money from 8,000 estates per year that currently owe no estate taxes. Mr. Sanders would also eliminate dynasty trusts, which allow families to shelter colossal holdings from taxes as they pass from one generation to the next. His office estimated that the bill would raise at least $315 billion over 10 years.
After the New England Patriots beat the Kansas City Chiefs, fans flipped out about NFL overtime rules. Is a coin toss really the best way?
S.A.S. Prince Albert II recently visited the Institut de France, in Paris, to attend the reception of Pierre-André Chiappori at the the Academy of Moral and Political Sciences. During this solemn ceremony, a laudatory speech to trace his exemplary career was pronounded by the Sovereign Prince, who gave him the sword of the Academician.
Economist Jeffrey Sachs published an opinion piece in The Hill urging diplomatic solutions and arguing against the use of sanctions in the quest for peace in the Syrian conflict.