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.

Message for Clinton: Look before you leap

By Nicholas Wapshott
January 28, 2014

There seems to be a rush to get former Secretary of State Hillary Clinton to declare her run for the presidency.

What should Mitt Romney do next?

By Nicholas Wapshott
November 7, 2012

Amid the triumphant acclamation and the reluctant resignation of the two presidential candidates’ early morning speeches was the hint that politics is about to take a strange turn. Mitt Romney’s concession address was suitably gracious and, above dissenting heckles from his disappointed party workers, he included this veiled job application: “Our leaders have to reach across the aisle to do the people’s work, and we citizens also have to rise to the occasion.”

The Benghazi booby trap

By Nicholas Wapshott
October 30, 2012

The murder by Islamist terrorists of Ambassador J. Christopher Stevens and three other Americans in Libya on the anniversary of the Sept. 11 attacks has become one of the most contentious issues in the election. The administration has been flailing around, unsure of its facts, offering statements that turned out to be misleading. Republicans, led by Senator John McCain, have jumped on the errors by the State Department and the CIA that contributed to the confusion over our understanding of the slaughter in Benghazi, and backed an unrelenting press campaign attempting to show Barack Obama as either incompetent, a liar, or both.

Romney’s auto bailout dodge strains credulity

By Nicholas Wapshott
October 17, 2012

There is the truth. Then there is the whole truth. Mitt Romney is still lagging behind the president in Ohio, the weather-vane state that has voted for every president since Abraham Lincoln and where Barack Obama is credited with saving millions of jobs in the auto industry. But the governor’s insistence in the second debate that Obama’s rescue of General Motors and Chrysler was the same as his plan was only half the story.

A campaign without passion or alternatives

By Nicholas Wapshott
October 11, 2012

We are in the midst of a presidential race lacking in passion. After four years, with the economy languishing, the optimism Obama appeared to represent last time is absent. Democrats will go to the polls without a spring in their step, to keep Romney out rather than save Obama’s neck. Even the president himself, if his hangdog look in the first debate is any guide, has lost his mojo. Obama has achieved what Romney could not: He has angered his own supporters for not fighting hard enough for the ideas they cherish.