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...
CFR

OECD issues BEPS guidance

Additional guidance has continued to roll out from the Inclusive Framework on Base Erosion and Profit Shifting (BEPS). Guidance on the implementation of Country-by-Country...

Corporate taxation in Europe – feeding Leviathan

Since the Treaty of Rome, the scope and intensity of EU policymaking has steadily increased. The shift of power is unidirectional and exhibits two...

Will proposed tax changes make the Netherlands a less attractive tax haven?

On Oct. 17, 2017 our article for the Cayman Financial Review on the use of the Netherlands as a tax haven was published. Among...

EU blacklist: The real story is demographic decline and a panicked search for revenue

It used to be that a country would be blacklisted by the international community for genocide, aggressive warfare and other atrocities. No more. The European...

Taxation in the global economy: Balancing competitiveness and solvency

It seems the Administration is using economic growth like magic beans – the cheap solution to all our problems. But there is no golden...

Entrepreneurial transfer pricing – embracing the arm’s length principle

By publicizing exaggerated tax gap estimates and demonizing tax avoidance schemes based on allegedly abusive transfer pricing schemes, governments and advocates of big-government are...

OECD Watch

The Organisation for Economic Cooperation and Development (OECD) has gradually carved for itself a central role in global tax matters over the last two...

May, you live in interesting times

Theresa May’s gamble of calling an unnecessary early election failed. Instead of increasing her parliamentary majority, she saw it collapse. As I write this, her...

Growing pensions pain: Bad policies of the past, bad politics of the present

A recent report from the World Economic Forum highlighted a significant, and frequently overlooked, problem building up in the global economy. In its May...

Brexit and Trump – a reboot for global tax policy?

What do the electoral shake-ups of 2016 mean for Cayman and other offshore centers? With Trump now inaugurated and in command of the White House,...

Effort to repeal FATCA gains steam

When the United States passed the Foreign Account Tax Compliance Act (FATCA) in 2010, it precipitated a shift in global tax enforcement. Enforcement efforts...

US tax reform, border adjustment taxes, and international trade law

With the Republicans now in control of the U.S. Congress and the White House, tax reform is high on the agenda. One of the...

The United Kingdom targets offshore tax evasion “enablers”

Offshore tax evasion has received substantial scrutiny in recent years. The United Kingdom’s 2016 Finance Act empowers U.K. regulators to sanction lawyers, accountants, and...

Are markets predictable enough for a border-adjusted tax to be revenue neutral?

The first shot of the modern “Showdown at Gucci Gulch” was fired on June 24, 2016. That’s the day Republicans in the U.S. House...

How tax gap estimates are abused to promote tax-grabbing agenda

In the context of Action Point 11 of the BEPS Project, the macroeconomic effects of BEPS were reviewed. In its final report on Action...

U.S. anti-inversion regulations badly miss target

According to the simple Civics 101 view of American government, laws are passed by the legislative branch, interpreted by the judicial branch, and enforced...

Ireland: The latest victim of the EU’s global taxation agenda

Apple, the iconic producer of iPhones and iPads, has been front and center of recent headlines resulting from the European Commission’s investigation of Ireland...

Membership of OECD forums

Over the years, the OECD, a 34 member intergovernmental network that includes the U.S., the U.K., Europe, Australia, Canada, Japan, South Korea,  has designed...