Corporation Tax

World Economics • Vol. 22 • No. 2 • April–June 2021, 1st July 2021 Key Points • Corporation tax is a tax on investment. Current plans to increase the rate in the UK and the USA will, if implemented, severely damage their economies. • That such self-destructive folly...

Corporation Tax

Summary. • Corporation tax is a tax on investment. Current plans to increase the rate in the UK and the US will, if implemented, severely damage their economies. • That such self-destructive folly is not being opposed and seldom even debated results from the weakness...

Short-termism: The False Debate.

This paper was submitted to The Harvard Review, but was not published: The Harvard Business Review January–February 2021 includes an article by Lucian A. Bebchuk Don’t Let the Short-Termism Bogeyman Scare You in which he claims that “articles…decrying the perils of...

The Impact of the Bonus Culture on the UK Economy

World Economics • Vol. 21 • No. 3 • July–Sept 2020, 1st October 2020 Key Points • The decline in UK tangible investment since 2000 has led to a sharp decline in labour productivity and the trend growth rate of the UK economy. A similar decline in the US was caused by...

Investment and Unemployment

The future is unknown, but we should not count on being improbably lucky. Covid-19 has increased the need for a large increase in business tangible investment. This was necessary before the pandemic and has because essential to prevent a large rise in unemployment....