The “ Washington consensus “, a clutch of free market ideas, lasted roughly 30 years. It’s by no means certain the ‘Cornwall consensus’ will have as long a run.

If it runs at all.

Is the ‘Cornwall consensus’ really a thing?

Well, it was — during the week of the G7 summit in Carbis Bay. The ‘Cornwall consensus’ was the title of a memo by academics and policy wonks from each of the G7 countries whose leaders met in Cornwall. …

By Source, Fair use

As a child I was overwhelmed by the yearning evoked by a Jackson Browne album cover. My father, a surgeon, had returned to India from a six-month sabbatical in the United States, bearing record albums for my sister and me.

I can still remember the wistfulness I felt as I looked at the car parked on an American street. It was dusk and the street lamps were on. A window in a house was an inviting golden square. Fluffy white clouds hung in a clear blue sky. It was Somewheresville, America. As portrayed on the album ‘Late for the sky’…

‘In England (Eugène Manet on the Isle of Wight)’


President Roosevelt and Prime Minister Churchill during the Atlantic Conference on August 10, 1941


Photo by Rowan Heuvel on Unsplash


If the G7 finance ministers have their way, corporate giants would no longer be able to dodge tax liabilities by choosing to book profits in low-tax jurisdictions. AFP

International summits can sometimes be dull and formulaic, but there is a decided buzz about this week’s meeting of leaders of the Group of Seven advanced economies. The G7 summit is in an iodine-rich Cornish seaside resort and it is in person, a sign that the most severe pandemic restrictions are slowly being wound down. But more importantly, it is expected to pronounce on a global corporate tax pact, something that the G7 finance ministers recently agreed.

If the G7 leaders also declare a common position in favour of a global minimum corporate tax, the implications are profound. The world’s…

Rashmee Roshan Lall

PhD. Journalism by trade & inclination. Sign up for free email updates on email me at

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