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...
Graphic combing photo of London with dark clouds the EU flag and the Union Jack

Hard Brexit

One of the truisms of modern politics in the U.K. is no one is surprised by anything. Not the confidence vote in Theresa May,...
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OECD not up to fighting modern trade challenges

The global trade system is under assault thanks in large part due to the election of Donald Trump as U.S. president. His pledge to...
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The EU Commission’s tax policy shift

On March 7, 2018, European Union Tax Commissioner Pierre Moscovici remarked, that the EU Commission – the governing body of the European Union –...
Clothes pegs holding up three scraps of paper with GOOD, BETTER, and BEST written on them.

And the solution is: adopt global best practices

What is the optimum size of government as a percentage of GDP? And what is the optimum number of elected representatives per million people?...

Leveraging up the global economy

The signs of the new leverage or debt crisis is here, and the window for any preventative action by regulatory and supervisory authorities is...
A joint OECD/World Bank report urges a “whole-of-government” approach to combat tax evasion.

OECD Watch

A regional meeting for the Inclusive Framework on BEPS was held Nov. 7-9, 2018, in Yerevan, Armenia. Over 60 delegates from 16 countries attended,...

Substance over form: Part Two – the sine qua non of international tax planning...

In the first part of this two-part article published in October 2017 , I introduced the 15 BEPS Reports/Action points and provided background information...
Figure 1 - Timeline of Major Currency Developments in the Cayman Islands

The Cayman Currency Board: An island of stability

The Cayman Islands and Hong Kong are two of the world’s great financial centers. They both owe a great deal of their success to...
Calculator, glasses, papers, hand holding pen above paper headed 'Petition to file for Bankruptcy'

Preventing corporate borrowers from filing for bankruptcy: Location, location, location

Given the potential of an insolvency filing to shift power away from creditors and to distressed debtors, debt investors have long sought ways to...
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