Search Results for: legal
European Commission adopts new tools for safe exchanges of personal data
June 16th, 2021
On the 4th of June, the European Commission adopted two sets of standard contractual clauses, one for use between controllers and processors and one for the transfer of personal data to third countries. They reflect new requirements under the ...
The Geopolitics of Gold
June 10th, 2021
A number of events are coming together which are set to push gold prices higher. Besides a combination of continuing inflationary policies and massive future budget deficits undermining the dollar, by closing down derivative market activities new Basel ...
Large-scale online investment fraud network with hundreds of victims across Europe
May 27th, 2021
On 11 May 2021, a large criminal network involved in investment fraud and money laundering was dismantled as a result of a cross border operation supported by Europol and Eurojust. The investigation, led by Germany, involved law enforcement and ...
The end of the LBMA is nigh
May 20th, 2021
Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only ...
Why interest rate management fails
April 23rd, 2021
This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of earlier free-market thinkers, particularly Say, Turgot and Böhm-Bawerk. It also ignores Gibson’s paradox, which ...
Cyprus, Ghana and Kenya join growing list of countries to create beneficial ownership registries
April 15th, 2021
An infamous tax haven in the heart of Europe and two of Africa’s largest economies will force companies to declare their owners, joining a growing list of countries responding to public pressure over crime and tax avoidance enabled by ...
Improving the working conditions in platform work; Q&A
February 25th, 2021
The European Commission has published Questions and Answers about improving the working conditions in platform work. Why does the European Union need an initiative on platform work? The platform economy is a growing phenomenon, with around 11% of the ...
EU’s tax irregularities attract international attention
February 25th, 2021
Le Monde’s recent “OpenLux” revelations show that Luxembourg fails to act fairly within the European Union by offering low tax rates to corporates – underscoring the flaw of an unharmonised EU system, according to Jay Sanghrajka, partner at Price ...
Value of GDPR fines shows dramatic increase in 2020
February 3rd, 2021
European Union (EU) regulators have imposed General Data Protection Regulation (GDPR) fines of €272.5m (£242.6m/$330.5m) to date, €158.5m of them since 28 January 2020, in a sign that regulators are getting tougher on data privacy infringements as the regulation ...
EU tax haven blacklist not catching worst offenders
December 30th, 2020
MEPs adopted a resolution setting out changes to be made to the system used to draw up the EU list of tax havens, which they deem is currently “confusing and ineffective”. Criterion to judge if a country’s tax system ...
