Scandal in Frankfurt: tax avoidance pays dividends for German banks

Last Thursday’s FT carried an intriguing story about a German tax avoidance scheme with €billions at stake: the so-called “cum-cum” dividend-stripping device. While we generally think of the Germans as highly disciplined, this looked like an example of complete chaos. And the aggressive artificiality of the scheme took me back to the dark ages of … More Scandal in Frankfurt: tax avoidance pays dividends for German banks

Raisins or cherries, the message remains the same

Angela Merkel warned last week against British cherry–picking on Brexit. Or rather, she warned against “Rosinenpickerei”, which literally means raisin-picking. But this is hardly news. On 28 June, 5 days after the referendum, Merkel first included such a warning in a speech to the Bundestag, immediately before the European Council meeting and the first informal … More Raisins or cherries, the message remains the same

Solidarność! Why I went to Harlow on 3 September 2016.

My first encounter with the Polish community was around the age of 8 or 9, when I shared my primary-school desk (one of those old-fashioned affairs, big enough for two and with holes for ink-pots) with a Polish boy called Jon Mikes. Contact with people from central or eastern Europe was unusual then – the … More Solidarność! Why I went to Harlow on 3 September 2016.