It is time the internationalcommunityfaced the reality: we have an unmanageable, unfair, distortionaryglobaltaxregime. […] It is the starving of the public sector which has been pivotal in Americano longerbeing the land of opportunity – with a child's lifeprospectsmoredependent on the income and education of its parents than in otheradvancedcountries.
The dinghy was trailingastern at the end of its painter, and Merrion lookedat it as hepassed. Hesaw that it was a battered-lookingaffair of the prahm type, with a bluntsnout, and like the parentship, had recently been painted a vividgreen.
The ability to shiftprofits to low-taxcountries by locatingintellectual property in them [ …] is oftenassumed to be the preserve of high-techcompanies. [ …] currenttaxrulesmake iteasyfor allsorts of firms to generate [ …] “stateless income”: profitsubject to tax in a jurisdictionthat isneither the location of the factors of production that generate the income nor where the parentfirm is domiciled.