The claim comes as European countries step up efforts to clamp down on U.S. companies which minimize their tax bills in the continent by channeling profits through low-tax regimes.

FORBES: France Tries It On With Taxes Again: With Amazon This Time

At some point, central banks will have to put up interest rates to clamp down on inflation.

ECONOMIST: Buttonwood: Curve balls | The

Since the pay bill makes up about two-thirds of the total NHS budget, one obvious strategy is to clamp down on wage costs.

ECONOMIST: National Health Service