you won't believe this one weird trick

“Taxation may seem far removed from climate policy, but unlike carbon pricing or offsets, it gets at the root of the climate problem: money.” Read Jessica Green. Just do it. 👇

More fodder for the “everything wrong with the world is downstream of social media (and US cable)” view from @jburnmurdoch.ft.com

Fun fact, Lomborg was invited to present his work/views to my cohort when I started business school as part of the introductory week. That and an investment banker who handed out free Ayn Rand copies.

Perfect headline. 10/10, no notes.

So, what are Zohran Mamdani’s views on the OECD Inclusive Framework on Base Erosion and Profit Shifting’s ‘Tax Challenges Arising from Digitalisation of the Economy’ project Global Anti-Base Erosion Model Rules? The world needs to know.

I do think the evidence is quite clear that public country-by-country reporting would raise more revenue than private. And the US (then under Obama) agitated for the latter back in ‘13-‘15. But it’s a much bigger story of influence than US power. I analyzed the whole CBCR policy process here:

Zohran Mamdani - Welcome to Gracie Mansion - NEW MAYOR 👑 CRAZY Dribbling Skills 🔥 & Goals 2025 [HD]

Everyone is hope scrolling now

(Secondary) sanctions targeted at wealth management chokepoints - like Liechtenstein trusts - are hugely effectiv. Much better than playing regulatory whack-a-mole with the highly dispersed jurisdictional footprint of offshore wealth structures.

1/When @himself.bsky.social and I wrote about the future of US economic coercion we hoped that the tools could be used for global collective goods like climate. Now US “evaluating sanctions on officials sponsoring activist-driven climate policies”’ on.ft.com/4qJF3Ko

Love the visualizations in this excellent piece from Francesca Minetto on on the 'reverse Brussels effect': EU policies imported from international institutions. All-too-rare clear and quality scientific illustrations. A few below. www.tandfonline.com/doi/full/10....

🚨New publication with Kristijan Kotarski: Enduring Structural Power? Assessing the Dominance of the Anglosphere in Global Finance Before the Trump Turn Includes novel visualizations of global finance (banking, portfolio inv & FDI) showing persistent US centrality hrcak.srce.hr/clanak/487488

One significant aspect of the European Union's adoption of the global minimum tax was how it overcame the classic joint-decision trap - the unanimity requirement for tax policy - in large part due to external pressure from the Biden administration. BUT ... www.tandfonline.com/doi/full/10....

Ooh, had missed this but Paul Ryan is partying like it’s 2017 with a relaunched campaign for a destination-based cash flow tax. This time to replace Trump’s tariffs.

Trump's use of bilateral trade agreemnts to deter countries from adopting digital services taxes continues. After successfully coercing India and Canada, this weekend's deals ban Malaysia, Cambodia, and Thailand from imposing DSTs (or similar taxes that "discriminate" against US companies).

Negotiators say the Trump administration has agreed that other countries will still apply, with priority, their primary domestic minimum taxes* to US companies' foreign subsidiaries. So much for that June G7 tax "deal" rhetoric (again..). *QDMTTs, for aficionados

Today is 27 years since we lost this brilliant and inspirational woman, Susan Strange.

👇👇 And the “just get a number” logic has of course led to.. drumroll .. :

Old age, here I come!

After initially blaming "transitory" external factors, their narrative shifted to the risk of second-round effects and "tit-for-tat" inflation: they increasingly stressed the role of overly tight labour markets while also acknowledging the role of profits.

Great new work from Søren Lund Frandsen on the microfoundations of #industrialpolicy: "the effectiveness and direction of #greenindustrialpolicy cannot be understood by investment volumes alone but must be traced through its organisational microfoundations": www.tandfonline.com/doi/full/10....

Having started a tenured position recently, I've formalized a small (but, I hope, important) commitment that I've had in mind for a while: up to 50 hours a year of "pro bono" work - investing my own time to support projects that serve the public interest, outside my regular academic work:

The great @abenewman.bsky.social and I have a new paper in JIEL titled Building Norms of Economic coercion. It's a roadmap for thinking about the legitimacy of different instances of economic coercion, from unilateral sanctions to the tariff wars. Link below

probably the first time in history since the 18th century where the leaders of all the major powers -- trump, xi, putin, modi, erdogan etc -- are all personalist regimes. not sure what this means but worth noting

Why have globally oriented firms been unable to prevent the rapid proliferation of national security-oriented restrictions on their investment and trade activities? Sarahbauerle.bsky.social's article on securitized political economy was recently published in EJIR. Read it here: t1p.de/gp520

💰 Wealth inequality impacts #carbonemissions through four mechanisms, find @morrison-james.bsky.social @profjeroenbergh.bsky.social @giorgoskallis.bsky.social @icta-uab.bsky.social: 1️⃣ Increased power of elites 2️⃣ Luxurious lifestyles 3️⃣ Higher status consumption 4️⃣ Investment in high carbon activities

Your latest installment of "the rise of the EU in international tax politics": the Commission is pushing for a mandate for the UN tax convention negotiations. EU member states aren't thrilled.

“Mollusc-based tax avoidance scheme” I literally spit out my drink laughing

We shouldn't be surprised anymore, but then again. A deal for a global carbon tax on shipping had been lined up for months, and it would have been huge. But Trump & co. turned the economic coercion up, ran roughshod over IMO procedure and norms, and as a result won a significant reprieve today.

Excuse me?

The OECD effectively solved* cross-border bank tax evasion - a major problem of globalisation - with global automatic exchange of financial data. They just took the first step towards a similar system for cross-border real estate. That’s big! www.oecd.org/content/dam/... *okay, with caveats

When I am king, taking Zoom meetings in the coffee shop will be punishable by 2-3 *decades* in jail.

The OECD just published a ten-year review of its high-profile BEPS project, including its engagement with developing countries. Curiously, they failed to include insights from the only peer-reviewed study that empirically traces how developing countries actually engage in OECD tax policy-making...

Profits, Taxes and the Accumulation of Billionaire Wealth democracychallenged.com/2025/10/09/p...

1/In honor of no kings! Imagine an international order organized not around nation-states but hyper elites pledged to absolute rulers. Welcome to neo-royalism. New w/Stacie Goddard in International Organization. We use the approach to rethink US policy in Trump era. www.dropbox.com/scl/fi/mxthh...

It just never gets old 🥳

“More comment than question but”

Where we are

Immigrant Nobel Prize winners exiting the United States

Broken record time: Despite big rhetoric, the G7 tax "deal" from June is barely worth the paper it's written on. The EU still insists US multinationals' should be subject to the global minimum tax rules!

Today my @nytimes.com colleagues and I are launching a new series called Lost Science. We interview US scientists who can no longer discover something new about our world, thanks to this year‘s cuts. Here is my first interview with a scientist who studied bees and fires. Gift link: nyti.ms/3IWXbiE

It’s a beaut!

🚨NEW PAPER🚨 We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...

New article out in Ecological Economics with @jhasselbalch.bsky.social: 'Reimagining growth futures: Overcoming the false binary between green growth and degrowth' www.sciencedirect.com/science/arti...

#Denmark politicians wage a #culture #war on #academia —with @roskildeuni.bsky.social as their go-to target. These attacks are assaults on #freedom, #rights and #democracy. We spoke out: @berlingske.bsky.social : www.berlingske.dk/synspunkter/... @politiken.dk : politiken.dk/debat/debati...

An observation: Let's just say it's not exactly an advantage to come from a culture associated with the Law of Jante when you have to write expansive, self-praising narrative biosketches.

Efter sidste uges engelske dom i udbyttesagen, er jeg (igen) blevet spurgt en del gange om, hvordan vi overhovedet endte her. Og det bedste svar er fortsat: læs Jesper Tynells forrygende "Af Hensyn til Erhvervslivet". @chellersgaard.bsky.social's og min anmeldelse af bogen kan i øvrigt læses her:

Cheføkonom advarer mod at glemme velfærden i Europas jagt på vækst www.information.dk/udland/2025/... #eudk #dkbiz #dkøko