If fairness in sports required a level playing field that all who wish to compete could afford, that would be a reason for banning expensive performance-enhancing drugs. But it would be a reason for banning expensive high-tech swimming suits and expensive high-tech running shoes, too.
I thank various workshop/seminar participants and colleagues for their comments. Insurance market intelligence was generously provided by former colleagues at Liberty Mutual Insurance and UnitedHealth. Special thanks to Jim MacPhee who is particularly unstinting with his time despite having to run a Fortune 100 insurance company. Funding was provided by the Stanford Institute for Economic…
New leader doesn’t change perverse incentives of government beng Mon, 07/06/2026 – 11:08 EST. READ TIME 4 MIN. The Carney government has faced widespread backlash after announcing plans to partner with the British Columbia government to purchase 2,200 vacant condos with taxpayer dollars and convert them into “affordable” housing. The criticism is well earned. The…
A recent Wall Street Journal article on the EU’s new country-by-country taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. reporting requirements warns of confusion in the near future. The disclosures, the authors write, could…
The Tax Justice Network has banged the drum about the threats posed by trusts for decades. On 21 May 2026, the European Court of Justice has finally joined us. They have published rulings that directly relate to trusts regarding two major risks: secrecy and asset protection. As we set out below, these represent a significant…
Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D., March 26, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images A coalition of current and former Meta employees have sued the social media giant, alleging that the company used…
Relying on a high salary or a hot stock is a dangerous trap. Why the most secure people plan for sudden crisis.
MELBOURNE—The inaugural Enhanced Games, held in Las Vegas in May, allowed participating athletes to use performance-enhancing drugs. The Games’ founder, Aron D’Souza, claimed before the start: “We’re going to obliterate the world records … it will be a watershed moment in the history of humanity—a new generation of superheroes.”