Many countries are considering introducing or reforming their wealth tax policies. This column studies the effects of a French wealth tax reform, which reduced reporting requirements, on taxpayer behaviour. The scaling back of reporting requirements had large negative effects on tax compliance, with 35% of wealth taxpayers missing in affected brackets and evading 10% of […]
Germany, the Czech Republic and 14 other countries have demanded the European Union introduce stricter price controls to the bloc’s new carbon market, over fears the policy will raise consumers’ bills, a document seen by Reuters showed. The paper, which has support from enough countries to form the “qualified majority” needed to pass EU laws, […]
Investors and policymakers increasingly rely on verbal guidance rather than policy moves. This column examines whether the emotional sentiment of the chair of the Federal Reserve’s voice in press conferences affects the probability of a sudden, significant drop in bank stock prices. A more positive vocal tone by the Fed chair reduces the risk of […]
