The sun shines on Ardbeg distillery warehouse

Why taxing global companies is hard

Should the profits on scotch whisky be taxed in Scotland, where it is made, or China where it is sold? And what about Google? Read the full post »
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Price discrimination and welfare costs

There is nothing inherently wrong with price discrimination. But some of the mechanisms firms use to enforce it have huge welfare costs. Read the full post »
Red cat lying on the sofa.

Fat cats

By the end of today, the average Chief Executive of a FTSE 100 company will have been paid more than the average employee earns all year.  The same average employee will have been paid more than the average Ethiopian earns all year. Read the full post »
CongoAid1

Humanitarian Cash Transfers

The Free Exchange column in this week's Economist discusses the work of the High Level Panel on Humanitarian Cash Transfers. Read the full post »
Casual Laborers with the WFP (World Food Program) load food rations onto a truck in the Free Port of Monrovia.
Official USMC photo by Corporal Marcus L. Miller

Transforming Humanitarian Aid with Cash Transfers: High Level Panel Report

A High Level Panel on Humanitarian Cash Transfers, which I chaired, has concluded that much more humanitarian aid should be provided as cash, rather than as vouchers or in-kind; and that this change should be used to bring about broader reforms of humanitarian aid. Read the full post »