G7 tax deal fails to live up to the hype

The G7 agreement on new principles for taxing multinationals is not the ‘breakthrough’ that many are claiming. It probably won’t make a lot of difference to the tax most companies pay either. Mind you, given the collateral damage that could be done, I don’t think that’s necessarily a bad thing! To recap, G7 finance ministers … Continue reading G7 tax deal fails to live up to the hype

Why I’d vote against the cuts to UK aid

MPs will hopefully soon have the chance to vote on whether the UK should restore spending on foreign aid to the mandated level of 0.7% of GNI (gross national income). This is surely the right thing to do. First, the arguments in favour of cutting the target to 0.5% are weak. The Government’s case is … Continue reading Why I’d vote against the cuts to UK aid

Forget Bitcoin’s latest collapse, digital currencies are still the future

The latest slump in the prices of Bitcoin (and many of its peers) has put a serious dent in their credibility as a reliable means of payment, let alone as a store of value or a sound investment. But this is certainly not the end for digital currencies. If anything, the crash in the prices … Continue reading Forget Bitcoin’s latest collapse, digital currencies are still the future