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Europe’s planned digital tax is indeed a bad idea

The European Commission’s proposed tax on digital services is intended to make companies such as Google and Uber pay more. The idea is that such firms are gaming the rules at the expense of other taxpayers. The issue is real and needs to be addressed — but the answer under discussion breaks with both established international practice and plain common ...

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Lessons on financial-market bubbles from the Bitcoin

The recent Bitcoin bubble wasn’t the first, and it might not be the last. Once in 2011 and twice in 2013, the price soared and then crashed: And again: One more time: Each peak was bigger than the last. If you think there will be another, even bigger bubble somewhere down the line, then maybe any losses you took in ...

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Tesco has a $5.7bn question hanging over its head

Tesco Plc, Britan’s biggest grocer, has completed its 4 billion pound ($5.7 billion) purchase of cash-and-carry chain Booker Group Plc. But investors hoping for more super-savings from the retail deal have to wait a little bit longer. That’s not to sniff at the 28 percent increase in Tesco’s full-year operating profit before exceptional items, nor the almost 30 percent reduction ...

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