The Savings Directive has been celebrated as a major political break-through in coordinating taxation in Europe. Against this background, the present paper evaluates the real-world effects of this directive. The directive has left a loophole by providing grandfathering (exemption from...

If immigrants or ethnic minorities succeed economically by achieving a high income or level of occupational prestige, they may nevertheless find themselves shunted into ghettos or excluded from mainstream society because of their national origins or appearance. In the perhaps the most well-known...