Day

June 3, 2021

Letters to the Editors—Chilling Effects: The Debate Over U.S. Arctic Policy

The Arctic debate appears to present a conflict between long-term necessities and short-run priorities. In the long run, mitigating the climate crisis will necessitate multilateral cooperation, with Russia and China as integral parts. However, deterrence is the only policy that can credibly commit the U.S. to defend its Arctic interests. Abandoning the Arctic could invite...

Notable Holdout: The Battle to Close Tax Havens

This week, G7 finance ministers will meet in London to discuss, among other things, the Biden Administration’s proposed global minimum 15% corporate tax rate. The idea is simple (to crack down on multinationals’ tax arbitrage schemes) and comes gift-wrapped with a timely justification (to pay for pandemic-induced recovery packages). The proposal, with U.S. Treasury Secretary...