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Economy

How To Stop Trump From Creating The World's Biggest Tax Haven

With its new president, the United States may now become a massive new fiscal haven for global companies. But France, with its own upcoming elections, could lead Europe in undermining Trump's plans.

iPad smile in Beijing
Apple Store, Paris
Gabriel Zucman*

-OpEd-

PARIS — What does our next French president intend to do to build a modern tax system that's prepared for a globalized world? It's difficult to know, given how vague candidates are about the topic in their manifestos ahead of this spring's election. And yet, it's a pressing issue. Without a clear direction, France risks losing significant public revenue.

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Geopolitics

Venezuela-Iran: Maduro And The Axios Of Chaos In The Americas

With the complicity of leftist rulers in Venezuela, Bolivia and even Argentina, Iran's sanction-ridden regime is spreading its tentacles in South America, and could even undermine democracies.

Venezuelan President Nicolás Maduro visiting Iranian President Ebrahim Raisi in Tehran, Iran on June 11. Venezuela is one of Iran's closest allies, and both are subject to tough U.S. sanctions.

Julio Borges

-Analysis-

CARACAS —The dangers posed by Venezuela's relations with the Islamic Republic of Iran is something we've warned about before. Though not new, the dangers have changed considerably in recent years.

They began under Venezuela's late leader, Hugo Chávez , when he decided to turn his back on the West and move closer to countries outside our geopolitical sphere. In 2005, Chávez and Iran's then president, Mahmoud Ahmadinejad, signed collaborative agreements in areas beyond the economy, with goals that included challenging the West and spreading Iran's presence in Latin America.

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