Eastern Caribbean Central Bank launches world’s first central bank-backed digital currency using blockchain technology

On Feb. 21, 2019, history was made at the Easter Caribbean Central Bank headquarters in Basseterre, St. Kitts and Nevis, when a watershed contract...
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Has corporate management grown more brazen in abusing creditors?

A pair of recent commentaries on high-profile battles between management and large financial creditors reveals two things: Such battles might be heating up, and...
Scissors cutting UK and Euro flags that are currently joined together

Are Brexit fears exaggerated?

This year, over 1 million people from across the UK marched to central London to demand a second vote on whether the UK should...
Malta

A review of the world’s offshore financial centers: Malta

In this third article in a series about the world’s premier offshore financial centers we look at the Mediterranean island of Malta. In large part...

Op-ed on the president’s memorandum on housing reform

With a ‘Memorandum on Housing Finance Reform’, issued by the US president in March, the Trump administration has begun to outline how it will...

Monetary policy at the edge of QE

The world of economic policy, monetary and fiscal, is the realm of fooling ourselves into believing that, when everything else fails, there is a...
Container ship

Opportunities for President Trump to lead on trade

The 2019 Economic Report of the President reiterated President Trump’s goal of “zero tariffs, zero non-tariff barriers, and zero subsidies” for international trade. This...
Helicopter dropping money

Modern Monetary Theory — a critique

So called Modern Monetary Theory (MMT) has become popular with Green New Dealers because it claims to remove or at least loosen traditional constraints...
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Finding common cause for offshore jurisdictions

At the end of January, Pierre Moscovici, the EU Commissioner for Economic and Financial Affairs, Taxation and Customs, penned an op-ed on “tax evasion...

War on tax havens

Last year, parliament passed a law requiring the UK’s overseas territories, including Bermuda, the Cayman Islands and the British Virgin Islands, to publish lists...
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OECD Watch

The Inclusive Framework on BEPS announced agreement to continue working towards a new long-term solution by 2020 to tax challenges arising from digitalisation. A...

Vanuatu blacklisted by EU: Neo-colonialism or justified?

Recently, the small South Pacific island nation of Vanuatu found itself placed on a taxation blacklist by the European Union (EU) along with 14...

The Post-War Order: What is it and why is it controversial?

What is the oft-cited “postwar order” that ostensibly is being threatened by populism? Commentators, diplomats, economists, policymakers and the public use this term to...

R.I.P.? Dying to close an offshore account

The FBAR, the Financial Crimes Enforcement Network (FinCEN) Form 114, was developed by the U.S. Department of the Treasury to collect and analyze information...
A hand stopping some falling dominoes from continuing on to two more lines standing of dominoes

Before the next crisis

These should be the best of times. World poverty is at a record low, and world incomes are at a record high. People in...
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The rotten smell of the European tax agenda for 2019

With European economies in a slump and the discussion about the Brexit dominating headlines, taxation was not among the hot issue during the last...
Figure 3: Since the 1960s, growth in the world’s retired population has increased by 17 percent

The population bust: Demographic change and the coming fiscal crisis

Japan’s Prime Minister Shinzo Abe opted to raise the sales tax in order to shore up government finances in addition to taking steps to...

The Federal Reserve is between a rock and a hard place

As the financial crisis started to become apparent to the policy makers on the Federal Open Market Committee (FOMC) at the Federal Reserve System...
Cyprus. Marina in foreground with city behind.

A review of the world’s offshore financial centers: Cyprus

Cyprus, officially the Republic of Cyprus, is an island country in the northeast corner of the Eastern Mediterranean, strategically located at the crossroads of...

Containing China

The Chinese character for China depicts a place between heaven and earth, at the center of the universe, and, for 5,000 years, China has...