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Meghan Markle Marriage to Prince Harry Proves US Taxes Can Be a Royal Pain

January 20, 2018 • FINANCE & BANKING, Personal FinanceComments (0)

By Robert W. Wood          Worldwide, the IRS can create a degree of uneasiness for nearly anyone who has any US connections. Apple, Google and other tech giants may famously have billions in untaxed profits sitting offshore. But individuals who are American citizens or permanent US residents (holding green cards) must still …

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Runaway Train Towards Full Digitisation of Money and Labour

January 2, 2018 • FINANCE & BANKING, Capitalism in the 21st Century, Personal FinanceComments (2)

By Peter Koenig   The other day I was in a shopping mall looking for an ATM to get some cash. There was no ATM. A week ago, there was still a branch office of a local bank – no more, gone. A Starbucks will replace the space left empty by the bank. I

Everyone Should Know How Long the American IRS Can Audit

November 20, 2017 • Personal Finance, Strategies for the Changing WorldComments (0)

By Robert W. Wood The American IRS is known throughout the world, and FATCA, the US global reporting law, has extended its reach.  Everyone should know how long the IRS has to audit or collect taxes under several different statutes of limitation.   Around

Lessons from a Bank-Free Investment: Peer to Peer Lending, Risks, and Returns

November 7, 2017 • FINANCE & BANKING, Banking Innovation, Global Capital Markets, Personal FinanceComments (0)

By Nicholas Read and Anthony Mahler Bonus time is approaching for many executives. So what’s the best way to put that money to work for you? The options are myriad, but the rise of peer to peer lending presents an interesting new alternative. After 20 years

Why Are Americans Renouncing Citizenship?

September 20, 2017 • Americas, Personal FinanceComments (0)

By Robert W. Wood Every three months, the US Treasury Department publishes a list of people who have renounced their US citizenship. Trump or no-Trump, the list of Americans giving up US citizenship keeps growing.   Every three months, the US Treasury

When Waqf meets Banks

May 30, 2017 • FINANCE & BANKING, Banking Innovation, Personal Finance, Responsible FinanceComments (0)

By Ebi Junaidi Global economy has been leaning toward innovations focussed in achieving sustainability. Ebi Junaidi promotes the age-old Waqf “movement” established by the Muslims. The Waqf system, with its philanthropic nature, does not only motivate

Developments in Global Tax Transparency and the Need for Effective Dialogue Part 2

May 26, 2017 • FINANCE & BANKING, Governance & Regulation, Personal FinanceComments (0)

  By Philip Marcovici This is Part Two of the article. Part One introduced the topic of tax transparency, and the global move towards automatic information exchange. Part One discussed some of the many abuses of bank secrecy by legacy private banks and

Developments in Global Tax Transparency and the Need for Effective Dialogue Part 1

May 24, 2017 • GLOBAL ECONOMY, FINANCE & BANKING, Personal FinanceComments (1)

By Philip Marcovici This is Part One of the article, and Part Two will be published in the next edition of the World Financial Review Tax compliance is one of the many challenges different nations are facing. When we think of wealth owners “hiding” their

Tax Avoidance: Between Temptation and Trouble

February 14, 2017 • FINANCE & BANKING, Global Capital Markets, Governance & Regulation, Personal FinanceComments (0)

By Matthias Kasper and Erich Kirchler Fostering tax compliance is a key challenge for global politics. Public revenues need to be protected, and confidence needs to be restored in a system that is deemed ineffective.   Conservative estimations indicate that

Active Investing? That’s So Twentieth Century

June 6, 2016 • FINANCE & BANKING, Editor’s Choice, Banking Innovation, Global Capital Markets, Personal Finance, Unprotected PostComments (0)

By Edward Morris The movement to passive investing has been unrelenting. Investors may harbour doubts that the markets are perfectly efficient, but they increasingly act as though they are, and index funds have become their investment of choice. The twentieth