Business services like advertising, legal support and market research are key inputs for all manufacturing companies in an international business environment, since they are essential for accessing markets abroad. This column argues that exporters with the option to outsource such services to external providers – as opposed to employing workers directly – can reduce the […]
By introducing a 15% minimum effective tax rate, the Global Minimum Tax aims to curtail base erosion and profit shifting practices and places a multilaterally agreed limit on tax competition. This column examines some of the expected impacts of this fundamental reform of the international tax architecture. The analysis suggests that the Global Minimum Tax […]
Recent workforce surveys reveal alarmingly high levels of work-related stress worldwide. Consequently, a significant share of workers experience stress-related occupational illnesses – they burn out. This column discusses recent evidence on the risk factors of burnout, its economic implications, and the optimal design of prevention programmes, with a particular focus on the role of firms […]
The debate over the effective taxation of corporate profit is often focused on the large amounts of profit reported by multinational enterprises in jurisdictions with low average tax rates. This column examines the distribution of low-taxed profit across and within countries. The findings suggest that an assessment of global low-taxed profit that focuses only on […]
Citigroup is looking to boost its business in Europe despite political instability on the continent spooking investors, the bank’s new head of the region Ignacio Gutierrez-Orrantia said in an interview with Reuters. The U.S. bank, which last year undertook its most significant restructuring in decades, is currently placed fourth in EMEA league tables for M&A and sixth for […]
Marriage has declined as the central organising structure of the American family, and some worry this will increase inequality. This column posits that inequality creates the marriage gap in the first place because access to assets, such as homeownership, may be essential to foster the commitment necessary for both partners to benefit from marriage. Marriage […]
In the context of the renewal of the European Commission, a new set of priorities aimed at improving the integration of EU capital markets is currently under discussion. Examining the benefits of stock diversification within the EU over the last decade, this column shows that investors in several European countries could have improved their performance […]
Ferrari’s first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter told Reuters, as the luxury automaker prepares to open a plant that will make the model – and could boost group production by up to a third. The Italian brand, famed for its roaring petrol engines, has said […]
Global stocks hit record highs on Wednesday, driven by a rally in tech shares that has made AI chipmaker Nvidia the world’s most valuable company, while the dollar stalled as soft U.S. retail sales data suggested rates could fall this year. MSCI’s All-World index was up 0.2% at 805.13, having traded at an all-time high of 805.43. […]
Monetary policy measures have an effect on public sector debt management, not only quantitative easing/tightening but also the pattern of interest rate changes. As public sector debt ratios rise, the sensitivity of debt management issues to monetary policy decisions will increase. This column explores some of the likely consequences of this by comparing the pattern […]
