Regions

Celtic Tigers

Bob Cohen, MBA  |  Career Readiness - Exploring Your Potential

Two brothers from Ireland have revolutionized the Internet’s financial infrastructure by building an “elegant architecture” that transforms handling online payments to a cut-and-paste job.

Becoming a Tax Haven Is Harder Than It Looks

Michael S. Raisinghani, Ph.D.  |  Operations Management

Some in the UK argue for slashing taxes after Brexit, but the move might not be worth the cost to the public purse. If Britain’s cuts are viewed as unfair to other countries, the EU could exact a high price by restricting access to its markets.

Becoming a Tax Haven Is Harder Than It Looks

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Bermuda, Ireland, the Caymans, and a few other small spits of land have prospered by offering very low tax rates. The result is an influx of corporate homes and a flood of money that creates a guaranteed pathway to prosperity. Now that the UK has vowed to leave the European Union, some are postulating that the Brits may be about to embark on a round of sharp corporate tax cuts. Will it work?

Nobody Came Out of Brexit Looking Good Except Scotland's Nicola Sturgeon

Thomas Coe  |  Business Fundamentals

The Brexit vote in the U.K. changed the political landscape, both for the country as well as the leadership of its political parties. However, the leadership of the Scottish National Party (SNP) fared far better than that of its larger rivals. Much of that can be attributed to the leader of the SNP, Nicola Sturgeon.

Sharing Everything But the Wealth

Delvin D. Hawley, Ph.D.  |  Finance

Companies in the sharing economy like Uber and Airbnb pose a challenge for cities and states around the globe that are missing out on billions of dollars of tax revenue. Some cities and states around the globe have fought to make them play by the same rules as other businesses but without much success. Now the the battle is likely to shift to the national level, where billions of dollars a year in corporate taxes could be at risk.

Sharing Everything But the Wealth

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Changing technology and business models are contributing to lost revenue for the Internal Revenue Service. The burgeoning tax strategies and off-shoring efforts of businesses in the so-called sharing economy are costing the U.S. government billions.

Google Isn’t Paying the ‘Google Tax’

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Google somehow pays an effective tax rate of about 7 percent on its non-U.S. income. How does it (and other internet companies) keep this rate so low?

Google Isn't Paying The 'Google Tax'

Duane Helleloid, Ph.D.  |  International Business

A number of multinational corporations have come under scrutiny in Europe and the US over tax strategies that minimize taxes paid. While there are a variety of mechanisms for tax avoidance, the basic idea involves shifting costs to locations with high corporate tax rates, and revenue to locations with low corporate tax rates. While the European Union and national governments are changing laws to make tax avoidance harder, firms such as Google are still able to shift profits to countries with the lowest tax rates.

Pfizer's $160 Billion Change of Address

Duane Helleloid, Ph.D.  |  International Business

To understand the logic behind the merger of Allergan and Pfizer, the relative corporate tax rates of the U.S. and Ireland make it simple--35 percent and 12.5 percent, respectively. As a U.S.-based company, Pfizer's worldwide profits were taxed at 35 percent. In what is referred to as a tax inversion, Ireland-based Allergan technically purchased the much bigger Pfizer.

Dairy Farmers at the Barricades

Duane Helleloid, Ph.D.  |  International Business

High prices for milk last year caused farmers in many countries to invest in increased production.This year, with markets slowing in China and trade tensions with Russia, global trade in dairy products is down. Hence, dairy farmers worldwide are in a tough financial bind.

Lucky Chuck

Duane Helleloid, Ph.D.  |  International Business

With mad cow concerns abated, Irish beef is back on sale in the United States.

George Soros’s Tax Bill

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has George Soros used the tax laws to help amass his huge fortune?

George Soros's Tax Bill

Delvin D. Hawley, Ph.D.  |  Finance

George Soros likes to say the rich should pay more taxes, but a substantial part of his wealth comes from delaying them. Now he's facing a monster tax bill of almost $7 billion.

The Incredible Stickiness of Wages

Brian Kench, Ph.D.  |  Economics

Even with the recession and bumpy recovery, it’s hard to cut pay.

Big Enough to Drive a Government Contract Through

Duane Helleloid, Ph.D.  |  International Business

Companies that move offshore to avoid U.S. taxes still get contracts with the government.

Can Etihad's Flock of Also-Rans Fly?

James Richardson, Ph.D.  |  Business Strategy

Abu Dhabi’s Etihad Airways is betting that its investments in a global network of smaller, cash-strapped airlines will be a successful long-term play.

Companies Keep Piling Up Cash Overseas

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How much of their profits have U.S. multinational corporations parked overseas, and is anything being proposed to fix this problem?

Companies Keep Piling Up Cash Overseas

Duane Helleloid, Ph.D.  |  International Business

U.S.-based companies use legal tax loopholes to minimize their U.S. tax bills but must keep their cash invested overseas to do so.

The Big Bucks in Keeping Kids Focused

Duane Helleloid, Ph.D.  |  International Business

Although two thirds of all ADHD drugs are sold in the United States, drug makers are trying to get the attention of doctors and regulators in Europe.

Tech Companies Love Dublin's Tax Rates

Duane Helleloid, Ph.D.  |  International Business

Low corporate taxes and development assistance continue to attract American software companies to set up shop in Ireland.

The Euro Zone Loses Its Raison D’Etre

Brian Kench, Ph.D.  |  Economics

Foreign ownership of debt in euro-area countries is dropping.

Can You Spot the Horse Meat?

Katherine Campbell, Ph.D.  |  Org Behavior & HR

What potential risks are suggested by Ireland's discovery of horse meat in hamburger?

The Long Shadow of Credit Default Swaps

Douglas W. Lyon, Ph.D., CPA  |  Business Fundamentals

Sellers of credit swaps are on the hook if a nation defaults. Regulators have reined in risk, but have they gone far enough? Are weak or fragmented clearinghouses making matters worse?

The Long Shadow of Credit Default Swaps

Duane Helleloid, Ph.D.  |  International Business

Sellers of credit swaps are on the hook if a nation defaults. Regulators have reined in risk, but have they gone far enough? Are weak or fragmented clearinghouses making matters worse?

The Long Shadow of Credit Default Swaps

Delvin D. Hawley, Ph.D.  |  Finance

Sellers of credit swaps are on the hook if a nation defaults. Regulators have reined in risk, but have they gone far enough? Are weak or fragmented clearinghouses making matters worse?

The Debt Crisis Could Shift to Paris

Douglas W. Lyon, Ph.D., CPA  |  Business Fundamentals

France's debt woes are less well known but, over the long run, may be no less severe than those of Greece.

Join the Euro? Whose Idea Was That?

Duane Helleloid, Ph.D.  |  International Business

Before the economic crisis, many Eastern European countries were excited about joining the monetary union in Europe. Now, some aren't so sure.

How to Save Greece

Robert A. Clark, MBA, Ph.D.  |  Finance

What will it take to save Greece?

A Downfall's Fallout

Robert A. Clark, MBA, Ph.D.  |  Finance

What does Europe lose in the IMF chief's downfall?

Message From Vienna, 1931

Robert A. Clark, MBA, Ph.D.  |  Finance

Can Europe avoid a repeat of its 1931 economic failures?

If Demography Is Destiny, Then India Has the Edge

James J. Stewart, DSc  |  Operations Management

Research shows working-age populations are slipping in the U.S. and other industrialized nations while those of other countries are growing faster.

These Scissors Won't Cut

Douglas W. Lyon, Ph.D., CPA  |  Business Fundamentals

Can the U.S. avoid following Greece, Ireland, and Iceland into the credit abyss?

These Scissors Won't Cut

Duane Helleloid, Ph.D.  |  International Business

Can the U.S. avoid following Greece, Ireland, and Iceland into the credit abyss?

These Scissors Won't Cut

Delvin D. Hawley, Ph.D.  |  Finance

Can the U.S. avoid following Greece, Ireland, and Iceland into the credit abyss?

Shred the Debt

Robert A. Clark, MBA, Ph.D.  |  Finance

Is it time for debt writedowns?

Global Inflation Is Low—and Falling

Robert A. Clark, MBA, Ph.D.  |  Finance

Why it is important not to let deflation take hold.

Goodbye, Ireland

James J. Stewart, DSc  |  Operations Management

Some 170,000 Irish jobs vanished last year, and the lack of employment may be driving a generation away from the country.

Goodbye, Ireland

Douglas W. Lyon, Ph.D., CPA  |  Business Fundamentals

Ireland's economy was once the envy of many. The real estate bubble and high costs have changed that.

Greece Rattles the Euro Zone

Robert A. Clark, MBA, Ph.D.  |  Finance

Will Greece be the first country in the EU to default?

The Overseas Tax Squeeze

Duane Helleloid, Ph.D.  |  International Business

Obama's plan to bring home more revenue from multinationals is more complex than meets the eye.

Obama's Action Plan

James J. Stewart, DSc  |  Operations Management

The president-elect's moves will profoundly affect every market and industry. Here's what operators can expect.

Enough Shock Treatment?

Robert A. Clark, MBA, Ph.D.  |  Finance

Is $2.6 trillion enough to lift the global economy?

Taxes: Time to Forge a Compromise

James J. Stewart, DSc  |  Operations Management

Business leaders say Obama's plan to end the tax deferment for overseas corporate profits will stymie growth.

Ireland: The End of the Miracle

James J. Stewart, DSc  |  Operations Management

The powerful euro has crushed the country's decade-long economic expansion

Ireland: The End of the Miracle

Hope Torkomoo, PhD  |  Accounting & Taxation

How long can the Irish miracle last?

Ireland: The End of the Miracle

Duane Helleloid, Ph.D.  |  International Business

The powerful euro has crushed the country's decade-long economic expansion as well as its competitiveness.

Dollar Daze in Europe

Robert A. Clark, MBA, Ph.D.  |  Finance

The record low value of the U.S. dollar against the euro is having big consequences for European businesses.


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