Orenstein: Who needs a flat tax rate?
Friday 11 Nov 2011 | Mitchell A. Orenstein / Project Syndicate
Despite its new found popularity, in nearly all countries that have introduced a flat tax, government revenues from income tax have declined, writes Mitchell A. Orenstein, professor of European Studies at Johns Hopkins University in Washington DC.
US sixty-ninth in ease of paying tax list
Friday 11 Nov 2011 | Will Henley
Hong Kong, Singapore and Ireland are among the least burdensome international financial centres for paying taxes according to a new survey by PWC, the World Bank and International Finance…
Analysis: The battle to define G-Sifis
Thursday 10 Nov 2011 | Karina Whalley
The Basel Committee on Banking Supervision finally released the names of 29 banks classified as globally systemically important financial institutions on Friday. But some are arguing that the lists are not an effective way of mitigating systemic risk. Global Financial Strategy spoke to industry bodies and think tanks to gauge their reaction to the designated G-Sifis.
Carney: Shadow banking is FSB priority
Wednesday 9 Nov 2011 | Karina Whalley
Fresh from being appointed head of the Financial Stability Board, Mark Carney says tackling the regulation of shadow banking will be top of his list of priorities.
Speaking in London, the FSB…
Keep fighting tax havens, urges OECD
Monday 7 Nov 2011 | Karina Whalley
World leaders have been urged to continue the fight against offshore tax havens by the Organisation for Economic Cooperation and Development.
Speaking at the G20 summit, OECD secretary general,…
Carney: The FSB’s outspoken new chair
Monday 7 Nov 2011 | Karina Whalley
Forty-six year-old Carney is the youngest central bank chief of any of the G20 countries but the highly-vocal new chairman has a reputation for locking horns with both global regulators and banking chiefs.
Carney beats Hildebrand to head FSB
Friday 4 Nov 2011 | Will Henley
Bank of Canada governor Mark Carney has been named successor to Mario Draghi as chairman of the Financial Stability Board.
Forty-six year-old Carney pipped rival Philipp Hildebrand, chairman of the…
OECD review identifies Hong Kong holes
Friday 28 Oct 2011 | Will Henley
An OECD review has identified holes in Hong Kong’s company rules which mean it is difficult to establish ownership information, and in turn respond to requests from foreign tax authorities.
The…
Jersey ‘responsive’ says OECD review
Thursday 27 Oct 2011 | Will Henley
Jersey’s financial industry has welcomed a report from the OECD on the jurisdiction’s compliance with international legal and tax conventions, published this week.
The peer review notes the British…
EC: Insurer reforms for third countries
Wednesday 26 Oct 2011 | Nicola York
Japan, Switzerland and Bermuda must reform elements of their insurance regimes in order to meet the EU’s Solvency II criteria for third country equivalence.
The European Insurance and Occupational…
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