Good news about redistribution?
Economists, investors and business leaders devote considerable effort to peeling back the layers of causality that impede economic growth. Among the causes are high...
Breaking the ‘Medici Vicious Circle’ – monopolization trends in advanced economies
Competitive markets form the very foundation on which the edifice of the modern liberal economy rests. The neo-classical proposition, under which competition arbitrages away...
Policy solutions for demographic change, growing government liabilities and slowing economic growth
The summer of 2018 began with disagreement among EU leaders. At the top of the agenda: should EU countries take in more migrants? The debate...
Three lessons in international taxation
It was “one of these days” at the office. I was writing a transfer pricing memo for defending one of my clients against a...
STEP Cayman: A three-year snapshot
In 2016, driven by the vision of branch chair Alan Milgate, the Cayman Islands branch of the Society of Trust and Estate Practitioners embarked...
The need for an insolvency fail-safe in Cayman
Directors of Cayman companies owe fiduciary duties to the company to act in the interests of the company as a whole. When the company...
OECD’s tax initiatives thwart US policy goals
International tax bureaucrats at the Organization of Economic Cooperation and Development (OECD) and elsewhere have waged a decades-long campaign to promote a one-size-fits-all approach...
So, public registers of beneficial ownership. Now what?
On May 1, 2018, the inevitable finally happened and the British House of Commons mandated that the British Overseas Territories, but not the Crown...
Predictability of Atlantic hurricanes
The 2017 Atlantic hurricane season was remarkable, including five landfalls of Category 5 storms in the Caribbean Basin, and three Category 4 strikes on...
Cryptocurrencies: Beyond fear and hype
This September will mark the tenth anniversary of the last financial crash. In October, another equally longstanding development will celebrate its first decade: Bitcoin,...
Shifting the center of main interest
In the recent well-documented case of Ocean Rig UDW Inc. the company shifted its center of main interest (COMI) from the Marshall Islands to...
A review of the world’s offshore financial centers: Dubai (United Arab Emirates)
In this first article in a series about the world’s premier offshore financial centers we look at the city and emirate of Dubai in...
