Föhrenbergkreis Finanzwirtschaft

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Archive for 17. Januar 2019

The Free-Trade Paradox

Posted by hkarner - 17. Januar 2019

Date: 16-01-2019
Source: Foreign Affairs By Alan S. Blinder

The Bad Politics of a Good Idea

“We must always take heed that we buy no more of strangers than we sell them, for so we should impoverish ourselves and enrich them.” Those words, written in 1549 and attributed to the English diplomat Sir Thomas Smith, are one of the earliest known expressions of what came to be called “mercantilism.” Update the language, and they could easily have been tweeted by U.S. President Donald Trump, the most prominent mercantilist of today. Trump believes—or at least says—that the United States “loses” when it runs trade deficits with other countries. Many Americans seem to agree.

Yet the economists Adam Smith and David Ricardo made the definitive case against mercantilism and for free trade more than 200 years ago. Their arguments have convinced virtually every economist ever since, but they seem to have made only limited inroads with the broader public. Polls show only tenuous public support for free trade and even less understanding of its virtues. Den Rest des Beitrags lesen »

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Global Taxation for the Digital Age

Posted by hkarner - 17. Januar 2019

Gillian Tans

Gillian Tans is CEO of Booking.com.

The European Commission’s proposal to create an EU digital services tax is aimed mainly at multinational tech giants. But should the tax take effect, it will be Europe’s own startups and digital ecosystems that pay the highest price.

AMSTERDAM – The question of how to tax increasingly globalized and digitized businesses is vital to the future health of cross-border trade and investment. Sadly, the current debate is mired in confusion and complexity, and is not helped by populist political responses that demonize digital businesses.

A prime example is the European Commission’s proposal, first published in March 2018, to create an EU digital services tax (DST). The measure is aimed mainly at multinational tech giants whose corporate structures allow them to siphon digitally-derived profits to low-tax jurisdictions. But should the DST take effect, it will be Europe’s own startups and digital ecosystems that pay the biggest price.

As a company that operates in a globalized market, we have numerous concerns about the limited vision for the future of business embodied in the European Commission’s proposals. This is why we must oppose the DST idea in its entirety.

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Run Down the Brexit Clock

Posted by hkarner - 17. Januar 2019

I am not so sure about Varoufakis‘ sense of reality. He has not proven it while himself being in politics! (hfk)

Yanis Varoufakis, a former finance minister of Greece, is Professor of Economics at the University of Athens.

The terrifying prospect of a no-deal Brexit on March 29 remains in play after the British Parliament emphatically rejected Prime Minister Theresa May’s withdrawal agreement with the EU. Although it is tempting to reset the clock and give negotiations more time, that instinct must be resisted.

ATHENS – The overwhelming defeat that Britain’s Parliament inflicted upon Prime Minister Theresa May’s Brexit plan was fresh confirmation that there is no substitute for democracy. Members of Parliament deserve congratulations for keeping their cool in the face of a made-up deadline. That deadline is the reason why Brexit is proving so hard and potentially so damaging. To resolve Brexit, that artificial deadline must be removed altogether, not merely re-set. Den Rest des Beitrags lesen »

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Schuldenmonitor: Weltweite Schulden klettern auf 244 Billionen Dollar

Posted by hkarner - 17. Januar 2019

Die Wirtschaft wächst weltweit – und die Schulden wachsen kräftig mit: Sie entsprechen 318 Prozent der Wirtschaftsleistung von Privathaushalten, Unternehmen und dem öffentlichen Sektor.

Dienstag, 15.01.2019 21:10 Uhr, Spiegel.online

Es ist ein schwindelerregender Wert: Die weltweiten Schulden betragen 244 Billionen Dollar. Das sind 318 Prozent der gesamten Wirtschaftsleistung, wie der am Dienstag veröffentlichte Schuldenmonitor des Institute of International Finance in Washington vorrechnet. Es handelt sich um die addierten Schulden von Privathaushalten, Unternehmen sowie der öffentlichen Hand in aller Welt im dritten Quartal 2018.
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Der Wert ist dank eines robusten Wachstums nicht ganz so hoch wie der bisherige Rekord im Herbst 2016, als die Quote 320 Prozent betrug. Der absolute Schuldenstand ist jedoch seit 2016 nochmals um zwölf Prozent auf den schwindelerregenden Wert von 244 Billionen Dollar geklettert. Den Rest des Beitrags lesen »

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