Will U.S. tax reform kick off another round of beneficial tax competition?

When Ronald Reagan and Margaret Thatcher slashed top personal income tax rates in the 1980s for the U.S. and the U.K., other nations were...

Hurricane Irma highlights BVI’s need for reforms

After Hurricane Irma devastated the British Virgin Islands last September, more than 150 financial services workers and their families came to the Cayman Islands...

The birth of economic liberty in the Anglosphere

Many of the world’s wealthiest jurisdictions are part of the Anglosphere. But why? Is there something special about the United Kingdom that produces prosperity?...

CCCTB and the European Union’s three-pronged tax grab

The European Union is working on its latest attempts to squeeze more money out of multinational businesses for its bankrupt governments. The Common Consolidated Corporate...

OECD and EU target citizenship and residency-by-investment programs

The Organisation of Economic Cooperation and Development and the European Union have targeted citizenship-by-investment (CBI) and residency-by-investment (RBI) programs. Most Caribbean jurisdictions have either...
CFR

OECD Watch

Late 2017 saw the release of the first peer review for the implementation of the BEPS Action 5 standard on the exchange of information...

The not so large tax gap

The world faces one of those unfathomable mysteries. Any number of charities, campaign fronts and political groupuscules adamantly insist that corporations and the rich...

On the question of morality in the debate on international taxation

In his article “International Tax Planning, Ethics and our New World” (Bulletin for International Taxation, 2018 (Volume 72), No. 2), Hans van den Hurk...

Julian Simon was right: A half-century of population growth, increasing prosperity, and falling...

Many people believe that global population growth leads to greater poverty and more famines, but evidence suggests otherwise. Between 1960 and 2016, the world’s...

Swedish exit tax edges closer to reality

As I explained in the first quarter issue of the Cayman Financial Review, the Swedish government is considering a new tax on the outbound...

South Africa’s suicidal quest to expropriate land without compensation

Earlier this year, the South African parliament adopted a motion to investigate a possible amendment of section 25 of the Constitution, which protects property...

The world is much better

Most of the news deals with disaster, tragedy, misery or sexual misbehavior - because that is what sells newspapers and attracts eyeballs or ears...

New Zealand faces interventionist policy agenda

The early pronouncements from the newly installed New Zealand government suggest that the country is in for a lengthy period of policy drift. Jacinda...
CFR

We are all financial institutions: Definitional sleight of hand in bankruptcy

The U.S. Supreme Court dealt leveraged buyouts and other stock sellers a blow when it held the safe harbor preventing recovery of securities settlement...

Squaring the circle: How Singapore’s latest budget tries to balance spending growth with...

On Feb. 19, Singapore’s Minister of Finance Heng Swee Keat delivered the nation’s budget for 2018. While budget speeches are typically uneventful, this year’s...

The Goldilocks economy of state policies

Recently emerging trends in the U.S. equity markets reveal three key shifts in the structure of the U.S. economy: the rise of uncertainty, as...

Learning from the present: What financial economics tells us about bitcoin

The ongoing saga of ever-rising market valuations for cryptocurrencies, has captured pages and pages of mainstream news and attracted millions of new investors. If...
CFR

Global economic policy in the era of Trump

Donald Trump has been a never-ending source of controversy since becoming president, but his ascent to the White House has not caused the collapse...

Economic impact of US tax reform

On Dec. 22, 2017, the president signed into law major tax reform legislation. This legislation had been known as the Tax Cuts and Jobs...

Capital taxation and employee compensation

Measures of gross domestic product and employment tell us how the economy is doing in producing goods and services and creating jobs. Measures of...