Financial Illiteracy

Simon Nixon writes here.

Google’s Tax Planning

The Dutch Sandwich and Double Irish figure prominently in this FT article about Google’s tax returns for 2012.
It seems that Google Netherlands Holdings, which represents the Dutch part of the sandwich, received €8.6bn in royalties from Google Ireland Ltd last year.

New from Department of Finance

Honohan: Adverse selection and moral hazard in forecasting and limiting arrears and loan losses on mortgages

here.

Two Views on Europe

A joint WSJ op-ed by a group of European officials here.

An FT op-ed by Tony Barber here.