December 3, 2015

The UK’s Competition Watchdog Is Right to Combat Taxi Protectionism

In a response released yesterday, the UK’s Competition and Markets Authority (CMA) slammed measures proposed by Transport for London (TfL) to regulate private hire vehicles, notably innovative app-based services such as Uber.
December 1, 2015

Reforms and Growth: The 2015 IBL Index of Liberalisations

EPICENTER’s Italian partner, Istituto Bruno Leoni, just released its 2015 Index of Liberalisations report. This study, first conducted in 2007 and led by Dr Carlo Stagnaro, ranks EU Member States according to how free and open their markets are in a range of sectors.
November 25, 2015

Shadow Economies in the Baltic Sea Region 2015

A new report by the Lithuanian Free Market Institute looks at perceptions and prevalence of the shadow economy in the Baltic Sea region. The shadow economy can be defined as the economic activity conducted outside of a country’s official economy, such as black market transactions and undeclared work.
November 25, 2015

The Eurozone’s Deposit Insurance Scheme Creates More Problems Than It Solves

The European Commission has released its plan for an EU-wide deposit insurance scheme that will, at first, back up and complement existing national deposit guarantee schemes (DGS), and, from 2024, substitute them as the guarantor of EU bank deposits of up to €100,000.
November 24, 2015

The EU’s Migration Fund Is Likely to Prove Ineffective

On November 12 at the Valletta Summit on Migration, the focus briefly shifted away from the Syrian refugee crisis and back to the high-risk Mediterranean migration route from the coast of Tunisia to Greece and Italy traveled by thousands Africans earlier this year.
November 23, 2015

The Mariel Boatlift and the Economic Impact of Refugees

Those of you familiar with the 1983 cult classic Scarface by Brian de Palma will remember that it begins with real footage from the Mariel boatlift, during which 125,000 Cuban migrants arrived in Miami in the span of six months, between April and October 1980.
November 23, 2015

Corporate Taxation Slows Down Economic Recovery in France

In its latest study (in English and French), the Institut Économique Molinari shows that corporate taxation continues to slow down economic recovery in France despite the CICE, a tax credit meant to encourage competitiveness and employment.
November 20, 2015

Governments Should Undertake Their Own Corporate Tax Inversions

The U.S. Treasury has announced measures to prevent American companies from merging with foreign firms and shifting their tax domicile in the process, a practice known as a tax inversion (where the primary aim of the shift is to lower the merged firms’ tax liability).