spending-cuts

Competitiveness Among Nations: Government Downsizing (Part Two)

...Continued from Part One of the series. The challenge, and the great opportunity that the redomiciliation of corporations for tax purposes offers resides in responding to the market mechanism in an open, sincere and straightforward manner. Ignoring the strong signals the market mechanism sends does not do any lasting good to anyone. Quite the opposite! The table in this link provides provides a very powerful content. As it can be seen, in the World Bank’s general ranking of Doing Business 2013, the US is placed in a very high overall position, 4th, only behind Singapore (1st), Hong Kong (2nd), and New Zealand (3rd). That is a laudable accomplishment. Likewise, the US’ overall standing … [Read More...]

Global-Systems-Integration

Integration Vs. Separation

Much was written in recent weeks and months about Scotland’s separationist movement. Most fortunately, the outcome of last week’s referendum on the subject is that Scotland will remain part of the UK, not becoming an independent nation. In no way do I intend to be disrespectful to the large minority of Scots that voted for independence. Not at all. My position in this type of issue is based on what works better for the majority in the long run. I am a profoundly political person, in the Aristotelian way: looking for the common good. I am not a partisan person. I have never belonged to any particular affiliation and I try to be, as much as I can, a pragmatist. Thus, at the end of the day, … [Read More...]

tax-burden

Competitiveness Among Nations: Taxes (Part One)

In recent months there has been a worrisome trend among a certain segment of the US’ political spectrum. Said political segment is against the redomiciliation (tax diversion) of US corporations to countries with a substantially lower tax burden. If successful, this repudiation would be an escalation of a shameful movement in that direction initiated around ten years ago, when Section 7874 of the tax code was enacted, imposing significant limitations to the free movement referred. Before that, there were no regulations and limitations to tax diversion movements by US corporations. In principle, such a relocation by US corporations is a zero-sum game and hence, it is against the economic … [Read More...]

earth-home

Top 10 Posts of Understand Globalization

Putin, Russia, Ukraine, and the Globalized World When ordering the Russian Army to take control of key points of Ukraine’s Crimean Peninsula on the first weekend of March, it is highly unlikely that Vladimir Putin had appropriately contemplated the full financial and economic implications of such a decision. Read More Globalization and The Olympics (Part I) Every four years, during two weeks and a half, the entire world –figuratively speaking– takes a breather to see and learn about high-performance athletes competing with the best-of-the best, in search of  new olympic –and world– records setting and all sort of sports feats. Read More From Hydra to Phoenix. The Transformation of … [Read More...]