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)’

/ TRAVELS IN MY MIND


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

/IT’S THE BUSINESS


Photo by Rowan Heuvel on Unsplash

/ TAKE UP ONE IDEA


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 https://www.rashmee.com email me at rashmee@rashmee.com http://muckrack.com/rashmeerl

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