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...

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...

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,...

Crypto transaction dispute resolution

The rapid evolution of anonymous, autonomous, and distributed blockchain-based smart contracting creates friction and enforceability issues with existing legal and jurisdictional principles, calling the...

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...
CFR

Are your Islamic bonds shariah compliant? Will they be tomorrow?

In the evolving world of Islamic finance, investors need to be especially cautious, as techniques for restructuring distressed debt can be just as surprising...

Offshore and the benefits of capital mobility

An age of ever greater affluence The great economic fact of our time is the imminent eradication of extreme poverty. In the thirty years between...

Get it while you can: Crypto-friendly jurisdictions must move fast

Cryptocurrencies have excited many people for many different reasons. Techno-libertarians aim to free people from fallible politicians and central bankers who distort the economy. Techno-geeks...

Anguilla announces world’s first blockchain utility token offering registration process

On May 4, 2018, the Anguilla House of Assembly enacted the Anguilla Utility Token Offering Act, which provides for the registration of issuers of...
Top marginal tax rates have declined since 1980

Plus ca change? Yes! And mostly for the better

Trade wars, Brexit, climate change, and job-stealing robots. It is easy to think that the world is descending into chaos. But while there are...

The global citizenship market: Why it matters today

When the first modern citizenship-by-investment programs were developed in the late 1980s and early 1990s, the investment migration industry was largely unformed, unknown, and...

Taxation matters in Bermuda

There is a common misconception in the “onshore” world that jurisdictions like Bermuda and Cayman, actually have no taxes at all – so called,...

The top 25 Initial Coin Offering jurisdictions and their comparative regulatory responses

Initial Coin Offerings (ICOs) provide unprecedented liquidity and efficiency for capital formation while minimizing transaction cost. While ICOs have historically allowed primarily crypto start-ups,...

Book Review: Will blockchain remake accounting, the internet and the world?

Civilization is founded on trust. A welter of research over the past two decades has shown that high trust societies grow more rapidly than...

Chile should give the OECD the cold shoulder

In its never-ending quest to implement a statist version of globalism, the Organisation for Economic Co-operation and Development (OECD) has recommended that Chile undertake...

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?...