Spain’s fiscal outlook

Spain’s fiscal and economic development over the period from 2007 to 2017 reflects two different and politically opposed governments: that of socialist Jose Luis...

The future of the Italian government in Europe

The Italian elections of March 4 marked an unprecedented turning point both for Italy and for the European Union. Two populist parties, the Five...

Everyone is a millionaire

Do a thought experiment. Think back to the year 1979 if you were born before 1964 or, if not, just think back to the...

Robots will not put us out of work; they’ll cause us to fall in...

The New York Times recently interviewed the man viewed as the best baguette maker in Paris, and by extension, the world. Asked about his...

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...