In February 2015, economists at HSBC Holdings in London coined the terms “hard” and “soft” Brexit. The latter would maintain “much of the status quo” if the UK voted to quit the European Union; the former entailed “huge risk and would be operationally complicated.” Even just after the Brexit vote, you could be forgiven for seeing the hard option …

  How do you celebrate the fifth anniversary of a colossal mistake? For India’s tax department, the answer has to be: Make a new one that’s a thousand times worse, then sit back and enjoy the fun. There can be no other explanation for the “clarifications” the authorities issued before Christmas, instructing fund managers to withhold and pay taxes when …

  Even by his standards, President-elect Donald Trump’s statements on trade have been stunning in their recklessness. His proposals essentially amount to the repudiation of a system that has fostered global stability and lifted hundreds of millions of people out of poverty over the last several decades — and if he actually intends to execute his radical agenda, there’s little …