To an outsider, offshore tax havens might look like minor jurisdictions on a map, but for the world’s most wealthy, they are anything but, acting as mechanisms for protecting and controlling vast sums of money. There has always been a distance between wealth and visibility, whether through the turquoise shores of the Cayman Islands or … Read more
Trump’s new wave of protectionism is shaking faith in the US dollar and prompting nations to rewire trade and financial relationships. The global trade order has entered a period of profound uncertainty. Longstanding alliances are shifting, financial norms are being questioned, and countries are scrambling to revamp their economic strategies. Globalization isn’t dead, however; it’s … Read more
or Apple and Google, September 10, 2024 was a judicial bloodbath. For the EU’s regulatory apparatus, a rare victory in its war against big tech. The European Court of Justice ruled that Apple should pay €13bn in back taxes to the Irish tax authorities, while Google failed to overturn a €2.4bn fine over abuse of … Read more
On New Year’s Eve, Elon Musk struck again. The billionaire entrepreneur and frequent social media provocateur once again shook up the cryptocurrency market, changing his X (formerly Twitter) profile name to “Kekius Maximus” and swapping his avatar to an armored depiction of Pepe the Frog. His shout-out to Pepe, a beloved figure in meme culture, … Read more