By Christopher Condon While Treasury Secretary Yellen expects businesses to back the push for a global minimum tax, the U.S. Chamber of Commerce worries some still-ambiguous elements may disadvantage U.S. businesses. Neil Bradley, chief policy officer for the U.S. Chamber of Commerce, said the group has grown increasingly concerned that
By Christopher Simpson The British Virgin Islands Financial Services Commission (FSC) has recently recognised Asia-based Fusang Exchange Ltd as its first digital securities and asset exchange. The Exchange was recognised by way of an amendment to the British Virgin Islands Regulatory Code (Recognised Exchanges) Notice, 2015, and took effect on
Yogi Berra, the iconic American baseball catcher, famously said: “Make a game plan and stick to it. Unless it’s not working.” US Federal Reserve Chair Jerome Powell may have had this quote in mind when he delivered his ‘Jackson Hole speech on August 26th, as the world’s Central bankers gathered
MAZATLAN, SIN – The construction of the Mzt Aerospace Park in Mazatlan, Sinaloa, aims to be the new research and development hub for the aerospace industry in Mexico. This project has a feature that will make it more attractive, which will have its own airstrip to test experimental aircraft, as
by Shirley Ze Yu Conditioning G7 infrastructure financing on democracy will create a supersized China that is more empowered in the developing world. The G7 economies offered an unprecedented $600 billion infrastructure pledge—the first attempt to form a developing world “Marshall Plan” in the post-colonial era—at the G7 Summit last week.
By Krishna Veera Vanamali The global minimum corporate tax on MNCs was aimed at discouraging them from shifting profits to low-tax countries. But it will reduce the incentives to attract investment in developing countries. Corporate tax avoidance costs countries anywhere from $100 billion to $240 billion annually, equivalent to 4-10%
Switzerland has decided to no longer permit to enter the country visa-free Vanuatu citizens whose passports were issued on or after May 25, 2015. The decision has been taken on June 10, 2022, during a meeting of the Federal Council, according to a prior decision of the European Union’s Council
By Ministry Of Financial Services By giving institutional investors more investment options, the Insurance (Amendment) Bill, 2022 is intended to strengthen the Cayman Islands’ position in international reinsurance and domestic insurance. Minister of Financial Services and Commerce, the Hon. André Ebanks, will bring the amendment to the Cayman Islands Parliament during
By Chris Devonshire-Ellis Foreign direct investment and China’s outbound investment have hit record levels. Western media often takes aim at China’s Belt and Road Initiative, which has to be one of the inaccurately reported of all China’s State Initiatives. Readers themselves will be familiar with discussions of ‘slowdowns’, ‘disruptions’, ‘debt
By Tax Notes Staff Elodie Lamer and Nana Ama Sarfo of Tax Notes discuss the tax implications of golden visas and passports, which allow affluent foreigners to receive residency or citizenship in exchange for a minimum level of investment. This transcript has been edited for length and clarity. The idea of immigration often
