It’s easy to be outraged about multinational corporations’ shifting of profits to tax havens, but much harder to figure out how to stop them from doing it without hurting the economy. Evidence exists that curbing tax avoidance opportunities makes these firms move actual jobs, not just accounting profits, overseas. In a recent paper, Thomas Torslov, Ludvig Wier and Gabriel Zucman ...

Verizon Communications Inc closed the books on a critical quarter. The company named its next CEO, shut down its latest experiment in a string of failed mobile-video services, geared up for its rollout of 5G network service, and watched with insouciance as its three closest rivals — AT&T Inc., T-Mobile US Inc. and Sprint Corp. — took bold steps on ...

Green bonds are a fast-growing financial instrument, with annual issu- ances of less than a billion dollars a decade ago having grown to more than $170 billion last year. They’re increasingly popular as a way to fund environmentally friendly infrastr- ucture, energy efficiency and clean energy. As the market grows, an intriguing split is emerging between green bond markets: Asia ...