School of Historical Studies

"The carried interest tax loophole allows wealthy Americans, like those in private equity and hedge funds, to avoid billions in taxes each year. It's been one of the most controversial features of the U.S. tax system, yet it has survived multiple attempts (by Republicans and Democrats) to try to kill the loophole. The most recent attempt — in the Inflation Reduction Act — was thwarted last week."

By Angelos Chaniotis, Professor in the School of Historical Studies:

"For years the European Union has been confronted with visible threats to its cohesion: Brexit, populist anti-European rhetoric, the violations of democratic principles and corruption in former socialist countries, the widening economic gap between member-states, the different reactions to the refugee crisis and to climate change."