Giles Cadman

by Giles Cadman There is a concerted effort to pressure tax havens into becoming more transparent, to prevent tax evasion. In my mind there is some doubt as to whether there needs to be law changes, or whether regulators just need to use existing laws to illegal behaviour. Not all tax havens are the same, […]

by Giles Cadman Mohamed El-Erain, CEO of PIMCO, the worlds largest bond investor, has a fantastic article in the Atlantic about the current position of the world economy. He discussed the four different policy approaches in four key economies. Accordingly, the world is engaged in four historic and unprecedented policy experiments: China, where the new […]

by Giles Cadman Apple, the United States biggest corporate tax payer, has been getting massive amounts of negative publicity about managing their corporate affairs to minimise tax. Many of Apple’s tax paying companies are registered in Ireland, which has lower taxes than other nations. Ireland has been widely criticised for having a sensible tax regime […]

by Giles Cadman There has been a lot of noise in political circles about tax avoidance, evasion and off shore tax havens. Apple appears to have been one of the most effective at structuring their tax affairs. Even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the United […]

by Giles Cadman New technology often goes unregulated for a period before regulators catch up with the technology. In the United States this appears to be happening with beverage companies using social media. Beverage makers selling wine, beer and spirits using the freewheeling world of social media are being gently reined in by the Alcohol […]

by Giles Cadman Following on from Pew’s research into the Euro and the Eurozone Forbes‘ Karl Smith points out why the Europeans surveyed support the Euro, and how destructive this support is. It’s hackneyed inside the US blogosphere to say that the Euro or at minimum the European Central Bank has been a disaster. The […]

by Giles Cadman Barclay’s has paid massive penalties for its role in the LIBOR scandal, but will be pleased that the US District court has thrown out a case taken by stockholders. Stockholders alleged that the LIBOR scandal had resulted in a loss of money. As per the U.S. District Judge, shareholders of Barclays‘ American depositary shares […]

by Giles Cadman Dr Noah Charney and Stuart George have written a fascinating book about wine forgery, The Wine Forger’s Handbook. Amazon’s description is appropriate for a very good read. Fine wine is a multi-million dollar industry, and is fraught with peril. From forged bottles to fraudulent contents, from mislabeled wine to misled consumers, wine has been […]

by Giles Cadman Fine Art attracts vast amounts of money, and because it is portable and relatively easy to sell, it has become a vehicle for money launderers. The New York Times has a fascinating story about how art is being used to transfer illegally gained wealth around the world. According to the air bill […]

by Giles Cadman HSBC has ongoing issues with regulators. It faces investigation by United States authorities over the suspected tax evasion by US based clients of its Indian division. The US tax department is investigating possible evasion of federal income taxes by the American residents of Indian origin through use of their accounts with HSBC […]