I agree. We do need details on tax deals. And we do need country-by-country reporting.
And far from harming capitalism it will boost it. Anyone who knows anything about economics knows that information is the key to successful markets. We are being denied the information needed to make markets work.
Still astonishes when I see a 0.2 of a professor of economics (snigger) saying something so blitheringly stupid.
If we actually had perfect information then we wouldn’t need to use markets. Because perfect information would allow us to plan things. This is Hayek’s major point that he emphasises in his Nobel acceptance speech. And whatever you might think about some of his other ideas on this one he is generally accepted as being right. And from the other end, the only Soviet to get that economic Nobel, Kantorovic, made much the same point. They had to use market prices simply because they didn’t have enough information not to.
Markets are thus a useful solution to not having perfect information, not a requirement that we must have it.