Rising inequality has been observed in many parts of both developed and developing worlds over the last decades. This can be attributed to several factors such as government redistribution, labour market development and demographic changes.
In the past seven years, governments across the globe spent trillions to prevent banks from failing and wreaking havoc on our economy. Europe’s answer has been a legislative framework for bank recovery and resolution and a single resolution mechanism.
The issue of aggressive tax minimization by transnational corporations is in the public spotlight. This blog argues that international business lawyers advising corporations on tax have a duty to temper their clients’ tax planning.