December 16, 2012

Coming to Terms with Google's Global Power

Paul Gillespie, Irish Times

AP Photo

‘It’s called capitalism. We are proudly capitalistic. I’m not confused about this.” So said Google executive chairman Eric Schmidt this week in a Bloomberg interview defending the company’s use of legal incentives in Britain, Ireland and other states to minimise worldwide taxation and therefore maximise worldwide profits. He spoke as a perfect storm engulfed the company on three fronts. Governments throughout Europe bristled at the tax practice and vowed to bring large multinationals more into the mainstream of corporate taxation and anti-trust legislation in an age of austerity.

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TAGGED: Belgium, Italy, France, Germany, Ireland, Europe, United States, UK, Eric Schmidt, Google


December 3, 2012
Farewell to Europe
Clyde Prestowitz, Foreign Policy
Through all the vicissitudes of mid-night negotiations, I admired the dedication and vision of the negotiators who were building the European Union. I believed in the vision of a united Europe and welcomed the advent of the Euro... more ››
December 14, 2012
Israel Is Winning in Europe
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Key factor behind Israel’s success in Europe is ability to remove 'conflict' from bilateral ties. more ››
December 12, 2012
France's Socialists More Bark than Bite
Chris Caldwell, Weekly Standard
Ever since France’s Socialist president François Hollande arrived on the world stage, he has faced questions from his party rank-and-file. Is he radical enough to stand up for the left, as his rhetoric would... more ››
December 14, 2012
The French Death Rattle
Brigitte Granville, Project Syndicate
Once again, French lawmakers are acting on the conviction that they know better than market participants. Apart from promises to reduce employment regulation, all of the new measures boil down to officials directing state money... more ››
December 12, 2012
United Ireland Is Now But a Fantasy
Ruth Dudley Edwards, Telegraph
It seems like a return to the bad old days: Belfast convulsed by eight days of vicious rioting, in which 32 police officers have been injured. For this we can credit the province’s politicians, who wound up the most volatile,... more ››