Political and economic disruption is turning Edinburgh into a global fintech capital, making it the perfect time for ambitious startups to move their operations to Scotland.
The US Tax Reform is still being formed in the abattoir of Washington DC. Since the reform proposal has a lot to say about the relative roles and tax rates applied to corporations and partnerships, it is time to take a quick look at the history of these.
The world population is expected to grow from the 7.5 billion currently (5 billion in 1987) to 10 billion by 2050.
Recently, I had the opportunity to attend a talk at ISB Hyderabad by Dr. Ganesh Natarajan on the digital transformation India is experiencing. He made a great point that if every techy Indian just makes two people digitally literate, we might soon live in a different nation we all like to dream about, blame others for, and discuss in big conference rooms etc! I couldn’t agree more!
Having described the taxonomy of the US Tax Code in the last article, it is worth taking a look at two of the most discussed areas of the Code: Partnerships (Subchapter K) and Corporations (Subchapter C).
The promise of Fintech is to improve financial services by the use of technology. Technology has been a key focus for decades in the financial services industry. Unfortunately, this technology has primarily benefited the industry itself rather than its customers. The cost of financial intermediation has been remarkably steady for 140 years.
The Trump Administration has finally released a more detailed version of proposed tax legislation. It is detailed enough for the lobbying process to begin in earnest. The goal of the next few articles in this series is to focus on the distinct parts of the US Tax Code and explain their relevance to the everyday concerns of business. It is easy to get lost; easy to outsource understanding to a paid cadre of experts whose living depends on first obfuscating and then explaining by the billable hour.