taxation

June 17, 2020

Vaccine: We Must Change Our Absurd Rules Instead of Castigating Sanofi

Excessively high taxes on production, exceedingly slow authorizations for market launch, and an overbearing bureaucracy. France is ensuring that innovation, especially regarding pharmaceuticals, happens outside of its borders. Opinion piece by Cécile Philippe, president of the Economic Institute Molinari, published in Les Echos.
June 11, 2020

Can ‘Profiteering’ Ever Be Justified?

Given that even ‘profit’ now seems to be dirty word, it is no surprise that being accused of ‘profiteering’ during a crisis is about as bad as it can get. But there are some circumstances when an increase in prices in response to exceptional demand can actually be a good thing.
June 3, 2020

No Relocation Without Tax and Regulatory Relief

French inadequacies in the face of the COVID-19 crisis are giving rise to a fully fledged attack on globalisation. We are observing an increase in speeches aimed at regaining sovereignty, particularly in the field of health. But the challenge for France is, above all, to address its internal weaknesses.
May 5, 2020

The Problems of Financing Through European Mechanisms

There has been a great deal of debate recently – not just in the media, but also in academia and among economic analysts – about the availability and desirability of various financial instruments to deal with the fallout from the Corona crisis, especially for some of the worst-hit nations such as Spain or Italy.
April 21, 2020

The Oil Price War

In tandem with the stock market crash, following persisting negative news regarding the coronavirus, oil prices have drastically dropped. The current demand for oil is so low that both consumers and producers are experiencing the lowest prices in decades.
April 15, 2020

Could ‘Lombardy Bonds’ Be the Answer to the Eurozone Debt Puzzle?

At the last Eurogroup meeting, Eurozone finance ministers agreed to set up a ‘Recovery Fund’ to help trigger an economic rebound once the lockdowns are over. But the vexed question of whether some shared ‘European’ debt should be issued has not been solved.
March 31, 2020

What the EU Can Learn From Swiss and Scandinavian Carbon Tax Policies

The EU has established a plan to cut greenhouse gas emissions through a €1tn European Green Deal. It aims to make the entire bloc carbon neutral by 2050. It includes a measure that, until now, has been considered too unwieldy, provocative, and legally troublesome for any nation to adopt: a carbon border tax.
March 16, 2020

Is the European Commission to Blame for the Absence of European Champions?

Following the veto of the Alstom-Siemens merger, the European Commission has been criticised for preventing the creation of “European champions” of comparable size to those emerging from the United States in the digital field or China in the industrial field.