A recently launched report, Moving Money: International Financial Flows, Taxes, and Money Laundering, has provided a powerful answer to the critics of offshore financial centres, and demonstrated the value of having an open global financial market in helping to boost global trade and economic growth.
Today, two of the major UK business organisations delivered more good news on the economy. The Confederation of British Industry (CBI) announced the best UK growth figures in May since 2003, and the British Chamber of Commerce (BCC) upgraded its forecast to 3.1 per cent for 2014, the highest rate since the 2007 crisis...
Leave school, go to college/university, find job in that chosen field, totter up that career ladder, receive pension, retire playing golf, making soup and joining a bridge club. This is what schools drill into us since our first times tables test, and when you don't take this path, you feel like you're on the whacky races with no guidance pit stops and a worrying lack of financial fuel.
Whatever the make up of the next government - one thing is for certain - it will need to find more revenue. All parties are committed to deficit reduction, and as services and benefits have already been cut to the bone, the only way is to increase taxes on those who can afford it most. Raising taxes is always politically tricky.
In a world where money is power, any organisation that makes that much profit - whether it's a church or not - needs to be held accountable somehow. The absence of data, especially in comparison to the Church of England's detailed accounts, poses the question - what is the US Catholic Church hiding? And at what point are world governments going to start holding them to account as they do with every other massive institution?