Nicholas Wapshott

Can I invert myself and not pay taxes?

By Nicholas Wapshott
August 13, 2014

The Pfizer logo is seen at their world headquarters in New York

The hot tax-dodging business trend of the summer is inversion. A U.S. company buys a company in a country with a lower corporate tax rate, relocates its headquarters there and funnels its income through the new head office. As long as it does not repatriate profits, the self-exiled company can avoid paying U.S. corporate taxes.

The analogue titans’ last gasp against the digital giants

By Nicholas Wapshott
August 4, 2014

amazon-hachette

Amazon’s bullying of the book publisher Hachette and the uninvited bid by Rupert Murdoch’s 21st Century Fox to swallow rival TimeWarner has caused some economists and commentators to ask, why are such aggressive moves not attracting the attention of the Justice Department’s trust-busters? Both moves are textbook examples of how monopoly power can abuse — or so they would have seemed not long ago.

I’m Ronald Reagan! No, I’m Reagan! No, over here, I’m the real Reagan!

By Nicholas Wapshott
July 22, 2014

 Rand Paul introduces U.S. Senate Republican Leader Sen. McConnell to crowd of campaign supporters after McConnell defeated Tea Party challenger Bevin in state Republican primary elections in Louisville

Did anyone hear the crack of a starting pistol? Nor me. But the race to become the Republican presidential nominee in 2016 is on.

Nothing pacific about it: Japan pushes back on China

By Nicholas Wapshott
July 15, 2014

Members of Japan's Self-Defence Forces' airborne troops stand at attention during the annual SDF troop review ceremony at Asaka Base in Asaka

China is on the march. Or, to be precise, China has made a strong push, militarily and otherwise, into seas nearby, setting off alarms among its neighbors. Now Japan has pushed back, announcing it will “reinterpret” its pacifist constitution so it can be more militarily aggressive in responding to China’s persistent territorial expansionism.

Rupert Murdoch’s troubles are far from over

By Nicholas Wapshott
July 1, 2014

News Corporation CEO Rupert Murdoch leaves his flat with Rebekah Brooks, Chief Executive of News International,  in central London

The acquittal of Rupert Murdoch’s favorite executive, the flame-haired Rebekah Brooks, on charges of phone hacking and destroying the evidence might have marked the final act in one of the most bruising and expensive chapters in the history of News Corp.

U.S. power: Waging cold wars without end

By Nicholas Wapshott
June 26, 2014

U.S. President Barack Obama addresses troops at Bagram Air Base in Kabul

Suddenly, it seems, the world is at war.

In Iraq, armed and angry militants of the Islamic State of Iraq and Syria (ISIS) are at the gates of Baghdad. In Pakistan, government forces are mounting a ferocious campaign against the Taliban in North Waziristan. In Syria, the civil war drags on. These are “hot wars” involving the clashing of troops and weapons. Having escaped such “hot” conflicts in Iraq and Afghanistan, these are the sort of war Americans have made it plain they are not prepared to fight.

Democracy is on the ropes. So what are we going to do about it?

By Nicholas Wapshott
June 17, 2014

child holds her father's hand at a polling station in Kabul

Democracy is taking a bashing. On almost every continent, attempts to extend the right of people to choose their own government is running into deep trouble. In Iraq, Egypt, Ukraine, Russia, Afghanistan, Pakistan and many other countries, democracy is being overwhelmed by despotism and despair.

Whether GM or banks, some companies are still too big to jail

By Nicholas Wapshott
June 10, 2014

U.S. Attorney General Eric Holder speaks at a news conference at the Justice Department  in Washington

Attorney General Eric Holder is in the middle of a prosecuting binge against some of the world’s biggest companies. Washington’s attempt to bring such large corporations to justice is long overdue.

VA scandal is no mark against big government

By Nicholas Wapshott
June 3, 2014

U.S. military veterans listen in the audience during a House Veterans' Affairs Committee hearing on the Phoenix VA Health Care System wait list, on Capitol Hill in Washington

For some, the veterans hospitals scandal is a human tragedy pure and simple. Those who loyally served their nation in uniform, putting their lives on the line, were shunned when they sought medical help.

The healthy route for Hillary Clinton: Release your medical records

By Nicholas Wapshott
May 20, 2014

hillary!!

So Karl Rove has cast doubt on former Secretary of State Hillary Clinton’s health. He may have been off when he claimed that the presumed 2016 Democratic presidential candidate spent 30 days in the hospital — she was only kept in for three — but he has clearly drawn political blood.