Articles
Never Ending Brexit
The worst nightmare of many pro-Brexit politicians/activists has been realised – the PM botched negotiations with the EU and cannot find a viable way out of the mess. Parliament, currently, rejects both a no-deal Brexit and a second referendum. We believe that the...
EU Blacklists and Taxation
The technocratic approach of the EC led it to overreach in producing its AML blacklist – EU member states voted it down. Reporting suggested this was partly due to U.S. pressure over the inclusion of U.S. territories and Saudi Arabia. The new EU tax havens list was...
Brexit: the View from Dublin
Ireland is once again being impacted by decisions reached in the UK, with no say in the outcome. The old strategy of courting allies in Europe and the U.S. has been followed strongly. Irish history shows that evolutionary change is preferred to radical transformation,...
Beneficial Ownership Registers
The UK government was forced to withdraw from consideration a finance bill that had been amended by a cross-party group of MPs. Its new form would have attempted to force the Channel Islands (Guernsey, Jersey and the Isle of Man) to enact a beneficial ownership...
UK Political Realignment
The long-predicted emergence of a new centrist political force started yesterday, with seven MPs resigning from the Labour party. This could herald a wider shift, with some Conservative MPs rumoured to be considering their positions. We believe this provides a...
The Lure of Offshore Stability
While the tax benefits of being offshore have largely eroded a new driver has been unleashed – the desire for stability. As the economic and political fabric of countries destabilises the psychological need for risk aversion rises. This is likely to reduce investment...