What everyone gets wrong about meritocracy
It’s time society gave more to those who have no desire to “escape” their class and who simply want to…
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Economics
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Economics
Amazon’s profits have soared – but its tax bill hasn’t
Despite generating almost $45bn in profits between 2018 and 2020, Amazon paid just $1.9bn in US federal income tax.
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What to expect from the 2021 G7 summit
Will the substance of this week’s gathering match its sunny, seaside setting?
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Exclusive: Members of US Congress speak out against Britain’s foreign aid cuts
Prominent US Democrats urge Joe Biden to stand up to Boris Johnson on aid spending ahead of the G7 summit.
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Why the G7 agreement on a global corporate tax rate is a defining moment
Joe Biden has halted the “race to the bottom” that has prevailed since the free-market revolution of the 1980s.
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Will Joe Biden’s push for a global minimum corporate tax rate succeed?
If the world’s most advanced economies don’t match rhetoric on tax with action, their credibility will be damaged.
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Why inflation fears are overblown and misplaced
Wage rises and mild inflation, after decades of stagnant real pay and deflationary pressure, would be no bad thing.
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The awkward truth about why social mobility is lower today
The grim reality is that there are fewer good jobs for young people to move into than in the postwar decades. …
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