Not too long ago, on Capital Hill, a Senator representing Michigan waved a piece of paper in the face of Alan Greenspan. The paper apparently listed the current size of overseas holdings of U.S. treasuries. …
Be Careful What You Wish For
China Revalues But What Next?
Just a day after China reported surging GDP growth at 9.5% for the first half of the year in comparison to a year earlier, the Chinese government has surprised all – not least US treasury …
How much longer can offshore account-holders hide from the taxman?
The taxman is on the rampage – and heading to an offshore account near you. In a landmark ruling, Barclays has been forced to divulge details of hundreds of thousands of customers with offshore accounts. …
Flat Rate Income Tax – Just Wishful Thinking?
The idea of a flat rate income tax system is attractive, and the arguments in favour are well rehearsed. It is simple, transparent to the taxpayer and easy to manage, with low administrative costs; it …
Pensioners hit by new stealth tax
Another week, another stealth tax – this time it’s a blow to the elderly. Hundreds of thousands of pensioners who get private medical insurance from their previous employer as part of their retirement package will …
Beware the car crash bandits
The Daily Mail and The Mail on Sunday are always on the look out for new villains, and this time it’s not illegal immigrants or teenage mothers. No, Stephen Womack in the Financial Mail on …