Despite the hullaballoo in main stream media about Queen Elizabeth’s investments in tax-havens and the implication of the US Trade Secretary Wilbur Ross in a Russia related offshore firm, the shocking revelation in the Paradise Papers is that London appears as the largest money washing machine of the world. The biggest single disclosure is that […]
A neo-liberal toll free Paradise for the super rich and tax hell for wage earners
Filed Under: Policy Tagged With: Appleby, Bermuda, Britain, Cayman Islands, Channel Islands, Citibank, Credit Suisse, Delaware, Donald Trump, European Union, Goldman Sachs, Guernsey, Holland, Hong Kong, HSBC Bank, Ireland, Isle of Man, Jean-Claude Juncker, Jersey, JPMorgan Chase, KPMG, Lloyds Banking Group, Luxembourg, Major Reginald Appleby, Mauritius, money laundering, Montana, Nevada, New York, Panama Papers, Paradise Papers, PricewaterhouseCoopers, PwC, Queen Elizabeth, Santander UK, Seychelles, Shanghai, South Dakota, Standard Chartered, Switzerland, Tax avoidance, tax fraude, tax haven, the British Virgin Islands, the Royal Bank of Scotland Group, US, Wilbur Ross, Wyoming
Trailing the US-EU economic confrontation
More than one economic pundit felt relieved learning that Eurostat, the EU statistical service last Friday estimated the September CPI inflation in Eurozone at 0.4%, the highest level in two years. Understandably, they think that the stagnating and almost deflationary euro area is leaving behind its grim past, aided by ECB’s liquidity injections of €80 […]
Filed Under: Economy, EUGlobe, Policy, USA, World Tagged With: bankers, Barclays, BNP Paribas, Commerzbank, Credit Agricole, deflation, Deutsche Bank, disinflation, ECB, elections, EU, euro area, Europe, European Central Bank, Eurozone, HSBS, inflation, KfW, Lloyds Banking Group, LTROs, monetary policy, New York banks, politicians, Royal Bank of Scotland, Société Générale, US