Article & News

Day: August 4, 2025

Finance
The pricing of profit shifting

Profit shifting by multinational enterprises increases after-tax earnings but can expose firms to regulatory and reputational risks. This column uses data on variations in profit

Economy
Wars, taxation, and representation

In the grand sweep of history over the last millennium, political divergence between Europe and contemporaneous world civilisations preceded economic divergence. This column describes how

International Trade
How European consumers respond to US tariffs

The newly imposed US trade tariffs on European products are causing European consumers to think twice what’s in their shopping cart. The changes in their