Globalization

Is Globalization more than Tax Arbitrage? Follow the People not the Money

The use of low-tax centers by multinational companies as part of tax minimization strategies distorts measures of capital flows and direct investment, which are integral to globalization.  Last year, for example, Microsoft shifted $52.8 bln of assets from Singapore to Ireland in a few pen and computer strokes.  The Dublin-based entity, the company’s European headquarters, …

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If there is One Thing Investors and Foreign Officials should Know about the US…

Domestic issues have dominated the news of the first 50 days of the Trump Administration. With the German Chancellor’s trip to Washington tomorrow, Secretary of State Tillerson in Asia, and the G20 meeting, foreign affairs may knock the debate about the US budget and health care off the headlines. Investors and policymakers appear aware that …

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