Financial transactions have been a growing area of focus for tax authorities. In landmark cases over the last 15 years, tax authorities have challenged the intra-group financing arrangements of taxpayers on the basis of pricing and characterisation and have made arguments regarding credit ratings and passive association, cash pooling, realistic […]
debt
Opinion: The looming stagflationary debt crisis will deliver a one-two punch to markets and economies
NEW YORK (Project Syndicate)—In April, I warned that today’s extremely loose monetary and fiscal policies, when combined with a number of negative supply shocks, could result in 1970s-style stagflation (high inflation alongside a recession). In fact, the risk today is even bigger than it was then. After all, debt ratios […]
East Africa Seeks $16 Billion of Debt to Spur Economies
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. East Africa’s largest economies plan to borrow at least $16 billion to fund an economic revival, while striving to ease their debt burdens after the coronavirus pandemic battered governments’ revenue. Finance ministers in Kenya, Uganda and Tanzania will […]