The IRS won a major economic substance case on October 31. A federal district court in Liberty Global, Inc. v. United States, No. 20-cv-03501 (D. Colo.), found that a planned corporate transaction ...

Find out how the underground or shadow economy can affect the accuracy of the calculation of a country's gross domestic ...

Assume that X and Y agree to the following: X will transfer ownership of Prop to Y, and Y will transfer cash to X. What just happened? Obviously, X has sold Prop to Y. If the amount of cash that X ...

Trump's economic approach is transactional, prioritizing deal-making over stability or long-term policy consistency, which shapes expectations for his administration. The Federal Reserve, under Powell ...

WeFi CEO Maksym Sakharov examines the rapid emergence of on-chain banking as decentralized finance evolves into real-world financial infrastructure. The future of global finance, he contends, will ...

When you think about economic activities that society tends to frown on — like offering bribes, paying for the services of a sex worker or even selling human organs — “trust” and “loyalty” might not ...

A cashless society is one in which most or all transactions are conducted electronically, with little or no use of physical cash. This trend is already underway in many countries around the world, and ...