Articles 

The OECD is acting as the main forum for an intense multilateral debate about tax rates in the technology services sector. The U.S. is proposing a change which would have limited implications for large firms based within its borders, while the Europeans (pushed hard...

Market volatility is very likely to increase before any meaningful reform is undertaken in Italy. We expect a breakdown in the current M5S-Northern League governing coalition and fresh elections in 2019. The parties are likely to wait until after the European...

The renewed attempt to push for harmonised tax rates and greater centralisation of decisionmaking in the EU is unlikely to succeed. A deal which separates out the finance and technology services sectors for special treatment is a more likely outcome. Higher taxes on...

Crypto currencies are not a stand-alone asset class, they need to be viewed as operating within the international financial system. State-backed cryptos are likely to be issued by U.S. allies and enemies, both of which are looking for more room to manoeuvre in foreign...

A lack of popular democratic support or oversight for many institutions has proved to be a double-edged sword – during periods of political and economic stability it has allowed them to act independently but now the tide has turned there is a distinct lack of...

• Trump: the U.S. media believes the Mueller probe will conclude by the end of 2018, hence the increase in vitriol from the president. Trump’s former personal attorney, Cohen, pled guilty to misleading congress, while the former head of Trump’s campaign had his...