Rich people stash away trillions of dollars in tax havens like Switzerland, the Cayman Islands, or Singapore. Multinational corporations shift their profits to low-tax jurisdictions like Ireland or Panama to avoid paying tax. Recent stories in the media about Apple, Google, Starbucks, and Fiat are just the tip of the iceberg. There is hardly any multinational today that respects not just the letter but also the spirit of tax laws. All this becomes possible due to tax competition, with coun...

La COVID-19 a provoqué la crise mondiale la plus importante et la plus globale du 21e siècle. Pour certains, les répercussions ont été rapides et dramatiques, la pandémie poussant des dizaines de millions de personnes dans la pauvreté et générant une insécurité alimentaire extrême. Pour d’autres, les transformations bouillonnent encore sous la surface et des questions demeurent quant à savoir si les changements de société induits par la COVID-19 perdureront dans la période post-pandémique....

Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity – through a process known as quantitative easing – first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost.Central banks argue we had no choice. This book offers a pow...