Scrutiny of offshore banking accounts and financial activities has increased and a variety of national and international organizations are applying pressure to establish treaties and exchange agreements that would eliminate the tax advantages that tax havens provide. Many countries are not happy about the existence of tax havens that lower the amount of money they […]
7 min read
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Offshore accounts: they’re not just a tax reduction strategy for the rich. They can be useful for anyone concerned about their financial future. Rich or not so rich, then, let’s explore some of the possibilities and complications of moving money offshore. [NOTE: This article is a chapter in ourComprehensive Guide to Tax Havens.] The complexity […]
18 min read
The Retail Trader “Rebellion” of January ’21 was, in itself, a short-lived affair. The concern that it would send the markets into a chaotic downward spiral that would extend through February proved false. The only residue left of the meteoric rise of stocks like Gamestop (GME) and AMC is their mildly elevated trading levels from […]
19 min read
The stock market is more than just a get-rich-quick tool; in fact, for most people, slow and steady wins the race. Many investment bankers devote endless time and energy to analyzing the market and getting the best deals for their clients. Companies benefit from the stock market because it allows them to raise money from […]
3 min read
I grew up with an interest in economics because my father was an economics professor. One of the lights in his intellectual firmament was Milton Friedman (1912-2006), who won the Nobel Prize in economics in 1976 for his work “in the fields of consumption analysis, monetary history and theory, and for his demonstration of the […]
3 min read
Urban dictionaries define “expensivity” as the gravity of how expensive something is, so let’s combine gravity and money to take a fun look at some of the most expensive substances in the universe by weight. Obviously, this is more of a continuum than we’re able to represent here, but from white truffles to antimatter, get […]
22 min read
Warren Buffett famously remarked that “if you don’t figure out how to make money while you sleep, you’ll work until you die.” Of course, avoiding this fate can also be achieved by making extra money during the day in ways that don’t interfere with your regular job. What I’m about to discuss falls more in […]
50 min read
The Wealth Tax in Plain English What would it mean for the government to impose a wealth tax? In the broadest sense, a wealth tax is imposed on everything that you own. Such taxes are often reserved for those the government deems to be “wealthy.” This can be an individual or a corporation, since the […]
24 min read
