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USA a low-tax nation

  There’s new data out on the taxes that people and corporations in the world’s affluent nations paid in 2015. The US total tax burden of 26.4 percent of gross domestic product (that includes state and local taxes) once again lands us pretty far down in the rankings. Of the 35 members of the Organization for Economic Cooperation and Development, ...

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Park resignation a must for S Korea’s economic growth

  The embattled Korean President Park Geun-hye defies pressure to resign. But the scandal-hit Park is ready to accept the result of looming and possibly lengthy impeachment process. The scandal that has served a body blow to Park and crippled the government pertains to her friendship with long-time confidante Choi Soon-Sil. Dubbed as female Rasputin, Choi has been charged with ...

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Don’t confuse Italy with Brexit or Trump

  Matteo Renzi came to power promising to change Italy or change his job. On Sunday, Italians made that choice for him, rejecting the constitutional reform on which he’d staked everything. It’s tempting to plot a continuous line from the UK’s June vote to leave the European Union through to the election of Donald Trump to the Italian referendum on ...

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