Recent Posts

Republicans’ tax delusion

Last June, the center-left government in Sweden proposed cutting the country’s top corporate tax rate, already a below-the-international-average 22 percent, to 20 percent. The rate cut would be offset by a set of limitations on the deductibility of interest, so overall the Swedish government — currently running a fiscal surplus of more than 1 percent of gross domestic product — ...

Read More »

KKR’s margarine binge will need more ingredients to work

At the eleventh hour, KKR & Co. has clinched what is likely to be Europe’s biggest leveraged buyout of 2017. The US private equity firm’s 6.8 billon-euro ($8 billion) agreement to buy Unilever NV’s spreads business will need some full-fat ingredients to generate a decent return. The Anglo-Dutch consumer giant put the business on the block in April after Kraft ...

Read More »

Wells Fargo’s potential tax windfall is hard to ignore

For Wells Fargo & Co., is the worst over? The scandal-plagued bank’s recent stock revival suggests yes, maybe it is. But even if there are more revelations to come, there’s a good chance that the shares may hang onto its gains. While it continues to lag rivals and the benchmark US bank index since last year’s presidential election, the San ...

Read More »
Send this to a friend