financial-chart-backgrounds-wallpapers Courtesy: Northernminer
14 February 2017

Global taxation and the perversion of capital flows

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In the wake of trade-based globalisation followed by financial globalisation, a large volume of capital began moving from developing to advanced countries. This has resulted in relatively poor developing countries effectively becoming net creditors to the rest of the world. Reversing this massive outflow of capital requires governments to strengthen governance in all its dimensions and have closer international collaboration to tighten the regulatory oversight of tax havens for greater transparency

RBI Courtesy: India.com
14 February 2017

Retreat of globalisation: central banks in the crosshairs

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Central banks play a critical role in forging the country’s international economic relations. Now, with the rule-based order being reset and new regimes getting established, they are better positioned to influence the playing field. It is, therefore, critical to strengthen the Reserve Bank of India so it can drive an agenda closer to the interests of emerging countries. This will also be a test of India’s future leadership capabilities

3W7A1043 Courtesy: Gateway House
14 February 2017

India-Israel: potential for collaboration on defence and cybersecurity

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In his interview, Rear Admiral (Retd.) Ophir Shoham discusses Israel’s liberal cybersecurity policies and the high levels of export in the cybersecurity sector. According to him, transfer of technology is imperative for Digital India, as for a country to become digital, Infrastructure is most important which is protected by cybersecurity. In the defence space, he mentions the close relationship India and Israel share despite it being a sensitive area. He prescribes a collaboration between the two countries to build weapon systems that they can use to customize defense equipment for the Indian defense system and the Israeli defense system.

3W7A0255 Courtesy: Gateway House
14 February 2017

Trump: the real estate businessman

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In Gretchen Morgenson's interview she discusses the implications on the American stock market of the repeal of the Dodd-Frank financial regulations and the possibility of a reduction in corporate taxes. She argues that although Trump has proposed several changes to financial regulations and the American tax regime, he may be unable to implement these measures. She then illustrates the impact of the lack of accountability of the government on the psyche of the American consumer, which would, by default, affect the economy. She emphasizes on the impact, that Trump being a real estate business man, will have on his negotiating methods, and in turn will have on investors.

3W7A0521 Courtesy: Gateway House
14 February 2017

Tax evasion can be tackled with global cooperation

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In Monica Bhatia's interview, she discusses the changes in the global financial sector in the wake of the Panama papers and the HSBC files, mainly the increase in transparency between banks and governments. She highlights her belief in the Automatic Global Tax Information Sharing Network in countering tax evasion and the success of the methods that governments have already undertaken to enable voluntary disclosures. Lastly, she illustrates the measures under the BEPS system on tax compliance.

3W7A1058 Courtesy: Gateway House
14 February 2017

India-Thales: Transfer of technology and developing supply chains

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In Alexis Dalem's interview he discusses areas on which Thales and India have collaborated in the past and can collaborate in the future, in the defense, security and aerospace spheres, and under the Make in India policy. He laid emphasis on Thales's policy of willingness for technology transfer and production in India and their ambition to co-develop products and export from India, since they have a strong belief in India's industrial competitiveness and skilled workforce. He further applauds Modi's recent FDI changes in India as it allows for this technology transfer, enables Thales to retain a certain level of control in their subsidiaries in India and creates an investment positive business environment.