In reaction to the growing trade deficit, the Trump’s administration leans back to protectionist measures (raise duties on imports). Meanwhile, the US continues to increase spending, thus, rising the budget deficit. Those two economic policies appear to be clashing with each other.
This Focus concentrates on the financial dimension of the reform and the concept of market discipline. Its key message is that asymmetry between debtors and creditors and the fiction of riskless assets can only feed the woes of the euro area.
The European Commission has relaunched the Common Consolidated Corporate Tax Base (CCCTB) project with a view to improving the competitiveness of companies and combating tax evasion. But is it the right solution?
What impact would it really have on companies and what are the other conceivable scenarios? Here are some of the answers...
Speech given (in French) on the occasion of the Xerfi conference "Transformation digitale et frénésie financière : l’entreprise, le travail et le capitalisme à l’ère numérique" on 5 April 2018.
The past fifteen years have witnessed a phenomenon that has had genuinely extraordinary consequences: the convergence of the world of finance and the world of global digital firms whose main economic feature is that they enjoy increasing returns (margins increase with volumes)...
On 25 April 2018, Institut Friedland, in partnership with Confrontations Europe, organised a conference in Brussels to discuss the future of European taxation in a global context.