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February 12, 2020

Trade
Tax Games: Big Pharma Versus Big Tech

American pharmaceutical companies are skilled at using transfer pricing to shift the profit on their U.S. sales out of the United States. That is why the United States' trade deficit in pharmaceutica…

Tax Games: Big Pharma Versus Big Tech

January 10, 2020

China
Cyber Week in Review: January 10, 2020

Trump administration pressed Dutch government to cancel sale of chip equipment to China; Congressional commission mulls new private sector reporting requirements; DHS warns of cyberattacks following …

Employees are seen working on the final assembly of ASML's TWINSCAN NXE:3400B semiconductor lithography tool with its panels removed

February 11, 2020

Puerto Rico
What Exactly is in the New Agreement Between Puerto Rico's Board and its Creditors?

How much tax supported debt will Puerto Rico be left with if the Board's most recent proposal is accepted by the courts?

What Exactly is in the New Agreement Between Puerto Rico's Board and its Creditors?

January 17, 2020

Cybersecurity
Cyber Week in Review: January 17, 2020

National Security Agency reveals major vulnerability in Microsoft Windows 10; Senators urge $1 billion plan to loosen China’s grip on 5G; India to ease some internet restrictions in Kashmir; Federal …

Journalists use the internet as they work inside a government-run media centre in Srinagar

January 31, 2020

China
Lessons From Phase One of the Trade War With China

With the phase one trade deal signed—and with China now promising (somewhat credibly in my view) to raise its imports of agriculture and energy above their pre-trade war levels and (less credibly) pr…

Lessons From Phase One of the Trade War With China

January 26, 2020

Economics
Leprechaun Adjusted Euro Area GDP…

The entire euro area's economic statistics now need to be adjusted to remove the distortions created by the tax transactions of large multinationals operating in Ireland and the Netherlands. Headline…

Leprechaun Adjusted Euro Area GDP…

January 14, 2020

Taiwan
All Sound and No Fury? Will The Trump Administration Get Tough on Currency in April?

A number of Asian countries could be designated as manipulators in the U.S. Treasury's April foreign exchange report. And unlike the politically motivated designation of China last summer, there woul…

All Sound and No Fury? Will The Trump Administration Get Tough on Currency in April?

February 13, 2020

Puerto Rico
Puerto Rico: A U.S. Territory in Crisis

The Caribbean island, which shares a close yet fraught relationship with the rest of the United States, faces a multilayered economic and social crisis, rooted in long-standing policy and compounded …

A man rides his bicycle through a damaged road in Puerto Rico.

February 12, 2020

China
Huawei: China’s Controversial Tech Giant

The Chinese telecommunications company faces accusations from President Donald J. Trump and other leaders that Beijing could use it for cyber espionage. The outcome of the struggle could shape the wo…

A woman in business clothing walks in front of a large screen that displays the red Huawei logo.

December 20, 2019

Cybersecurity
Cyber Week in Review: Dec 20, 2019

European Union considers curbs on non-EU state-backed companies; India’s shutdown of internet in Kashmir is the longest ever in a democracy; U.S. technology sector rebuffs Trump administration’s effo…

Kashmiri journalists display laptops and placards during a protest demanding restoration of internet service, in Srinagar