Taxation as a Driver of Energy Transition: How China Rewrote Its Vulnerability to Oil Shocks
China’s resilience to recent oil‑supply shocks stems largely from its environmental taxation regime rather than pure geopolitics. The 2018 Environmental Protection Tax (EPT) internalized pollution costs, making coal and heavy industry more expensive and accelerating renewable‑energy investment. Empirical evidence shows the tax boosted ESG performance of polluters and shifted the energy mix toward solar, wind and hydro. As a result, fluctuations in Iranian oil output now have a muted impact on China’s macroeconomy.
The Alchemy of Agreements: Examining India’s FTA’s in an Evolving Global Order
India has accelerated its free‑trade agreement agenda, signing deals with the UK, EU, UAE, Australia, New Zealand and others between 2024 and 2026. Merchandise exports have risen to $451 billion, up from $314 billion a decade earlier, while GDP is projected to grow...
The Contents of Highlights & Insights on European Taxation, Issue 3, 2026
The European Commission has drafted a Regulation to create EU Inc., a unified limited‑liability company form usable in every Member State. The proposal targets legal fragmentation, offering fully digital, EU‑wide formation, filing and cross‑border operations, including a 48‑hour fast‑track registration...
Global Value Chains and the Separate-Entity Principle: Rethinking Intra-Group Relationships in Corporate Law and International Tax Law
Global value chains now account for nearly 70% of world trade, linking design, production, branding, and sales across multiple jurisdictions. This economic integration challenges the traditional separate‑entity principle that underpins corporate and international tax law, which treat each group company...