Business and finance

Taxing fat and subsidising healthy eating widens inequality

2 months ago adcity Comments Off on Taxing fat and subsidising healthy eating widens inequality
IN RICH countries, people’s diets are getting worse and they are getting fatter. Hence the increasing popularity of a “fat tax”, to make unhealthy food cost more. Since Hungary led the charge in 2011 with a “chip tax” on fatty and sugary foods, other countries have followed. Britain is to join a long list next Read More

Manias, panics and Initial Coin Offerings

2 months ago adcity Comments Off on Manias, panics and Initial Coin Offerings
EVERY market mania reaches a point when pitches to would-be investors enter the realm of the surreal. So it goes for “initial coin offerings”, or ICOs. A new one by a firm called POW invites Facebook users to claim tokens for nothing; when they later become convertible into other tokens, the first to take advantage Read More

After a bite of Apple, Margrethe Vestager targets another tech giant

2 months ago adcity Comments Off on After a bite of Apple, Margrethe Vestager targets another tech giant
MARGRETHE VESTAGER’S assault on technology firms she deems to have improperly massaged down their tax bills continued this week with a tilt at Amazon. The internet retailer faces a bill of €250m ($293m) for back taxes over what the European Union’s competition commissioner considers to have been an illegal sweetheart deal with Luxembourg. The order Read More