from Counterparties:

Tax King

August 27, 2014

Burger King is moving to Canada. The American fast food chain is buying Tim Horton’s in an $11 billion cash-and-stock deal and will incorporate over the border. It’s an obvious tax inversion move. Or is it? According to Burger King’s CEO Daniel Schwartz, “We don’t expect there to be meaningful tax savings or a meaningful change in our tax rate.”

from The Great Debate:

Think everything on a dollar menu costs a dollar? Think again.

By Peter Van Buren
August 1, 2014


How expensive are those everyday low prices? How much do things really cost on that fast-food restaurant's dollar menu? The answer is more than you think, but maybe not for the reason you think.

from Expert Zone:

Budget 2014 is only the first step

July 14, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Much was expected from Budget 2014/15 without realizing that India’s economy has its own rhythm, which changes only by small degrees if left to itself. That is why big-ticket reforms are necessary to quicken the pace. Finance Minister Arun Jaitley had reason to move forward with caution and make changes only at the fringes.

from Counterparties:

Transit trouble

By Jordan Fraade
July 3, 2014

Summer is the peak season for both traveling and new construction, so it’s just about the worst imaginable time for the country’s transportation funding to be on the verge of running out. On Tuesday, Transportation Secretary Anthony Foxx sent letters to the heads of all 50 state transportation agencies, telling them that the federal Highway Trust Fund would start to dry up by early August, leaving states on the hook for most of their transportation costs. The Highway Trust Fund provides anywhere from 30-70% of transit money to states, and Foxx has estimated that the average state will lose 28 percent of its federal funding. President Obama, giving a speech under the Key Bridge in Washington, D.C., plugged his own $302-billion plan to replenish the trust fund by closing corporate tax loopholes.

from Breakingviews:

Spanish government oddly passive on Catalonia risk

June 13, 2014

By Fiona Maharg-Bravo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own. 

from Edward Hadas:

Shhh – don’t talk about higher taxes

By Edward Hadas
May 7, 2014

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from MacroScope:

Will French numbers add up?

By Mike Peacock
April 23, 2014

French President Francois Hollande’s cabinet meets to adopt a new debt reduction plan.

from MacroScope:

Sanctions loom for Russia

By Mike Peacock
March 13, 2014

The European Union, as we exclusively reported yesterday, has agreed on a framework for sanctions against Russia, including travel restrictions and asset freezes, which goes further than many expected. The list of targeted individuals is still being worked on but will be ready for the bloc’s foreign ministers to look at on Monday.

from Felix Salmon:

The bank tax rises from the dead

By Felix Salmon
February 26, 2014

Back in January 2010, Barack Obama — flanked by Tim Geithner, Larry Summers, and Peter Orszag — unveiled a new tax on big banks, or a “financial crisis responsibility fee”, as he liked to call it. Of course, this being Washington, the initiative never got off the ground, and was largely forgotten — until now:

from Felix Salmon:

Pension politics

By Felix Salmon
February 13, 2014

David Sirota has a very important scoop today: the PBS series “Pension Peril” has secretly* been funded by John Arnold, a billionaire powerbroker with an aggressively anti-pensions political agenda. This looks very bad for PBS — but it’s also bad for Arnold, who generally gets glowing press, and who would seem to have no good reason to have insisted on secrecy when writing the $3.5 million check that made the series possible.