European Union

December 3, 2020

Minimum Wage Wars in Europe

At the end of October, the European Commission proposed a Directive to introduce adequate minimum wages across the EU. Although the end objective is socially considerate and far-reaching, the means of achieving statutory minimum wage would not only be harmful for the most vulnerable workers in society, but would negatively affect the economies of Eastern Europe.
November 18, 2020

Free Trade is a Human Right

As Joe Biden becomes the 46th President of the United States, international trade will be the center of attention again. Joe Biden is not a free trader by nature, but he will make US trade policy far more predictable than his predecessor.
November 11, 2020

Getting Quickly Out of Crises – What Do We Know?

Coronavirus has resulted in a major economic crisis, and caused immense damage to both the economy and people’s lives. This damage is both a result of voluntary social distancing and the draconian measures most Western governments have put in place in an effort to limit the spread of the virus.
November 3, 2020

Crypto-assets in European Markets – a Strategy for the Future

The European Commission recently published a Digital Finance Strategy which includes concrete propositions for the regulation of crypto-assets. This is the first time a comprehensive legal framework for distributed ledger technology (DLT) and crypto-assets has been announced by the EU.
October 28, 2020

Towards a More Autonomous EU

The European Council President Charles Michel envisions a more “autonomous” (i.e. economically self-sufficient) EU. However, this pursuit of economic independence, under the guise of ‘strategic autonomy’, is not only unnecessary but also comes with costs: the impediment of global free trade and increased costs for consumers.
October 22, 2020

Lessons from Estonia

Like other issues, taxes are one of those policy areas where the differences between EU member states are greater than the commonalities. The International Tax Competitiveness Index (ITCI) from the Tax Foundation is a measure of the competitiveness of OECD countries’ tax systems.
October 16, 2020

Reforming Tax Policy in Europe After COVID

The post-COVID world poses significant challenges for taxation policy. Our recent panel discussion with FNF was based on the recent publication of the International Tax Competitive Index which explored changes in corporate, individual income, consumption, and property taxes as well as the treatment of overseas profits.