If there were awards for creating market instability, the ECB/IMF plan to impose a “tax” on Cypriot depositors – effectively renouncing depositors’ insurance guarantees – would rank second only to the US Treasury decision to let Lehman Brothers go bankrupt, …

Containing a Potential Cyprus Catastrophe Read more »

                                         Most business people who sell overseas and tourists who have traveled to Europe and Asia are at least vaguely familiar …

“Heads We Win; Tails You Lose”: How Foreign VAT Undercuts American Companies Overseas (and Benefits Foreign Companies Here.) Read more »