IS NATO STILL NECESSARY:(The National Interest)
There will inevitably be other global challenges that countries will face together over time. Mr Mehta explain why NATO at seventy is not the instrument to address them.
The Switzerland of the Americas (La Brecha)
Uruguay has become an offshore tax haven and a hotspot for foreign money laundering schemes and tax evasion. Now the IMF and other organizations are advising Uruguay to monitor these illicit funds as a way to prevent global terrorism.
Zambia’s lost copper exports – and the role of Switzerland (KURIER.AT)
Due to inequalities of the tax system, Zambia, an African country rich with resources, is in dire poverty. Instead, the money that Zambia should have is in the offshore accounts of MNCs in Switzerland.
Tax Havens: The Missing $ 20 Trillion (the Economist)
Mr Mehta was interviewed by the Economist for its cover story on Tax Havens: The Missing $ 20 Trillion on how to stop companies and people from dodging tax, in Delaware and Grand Cayman.
Price Isn’t Right (The Economist)
MNCs such as Google, Starbucks and Microsoft pay lower tax rates in countries such as US and UK, as well as in developing countries. Due to certain loopholes and tax havens, many MNCs avoid paying billions of dollars to countries in which they operate.
Storm survivors (The Economist)
Offshore financial centre’s have taken a battering recently, but they have shown remarkable resilience. Although interest in offshore financial centres (OFCs) have kept growing tax authorities have done little to intervene.
Banks, not borders, hold immigration key (Dallas News)
Banks in the US are storing up to $872 billion in illicit financial outflows from Mexico. Mehta argues that halting the flow of capital from Mexico will simultaneously stem the migration of people across the border.
Buying Real Estate in Japan an Investment You Can Live With (New York Times)
Experts believe that expats living in Tokyo should invest in buying homes instead of relying on their company rental homes. Japan’s real estate market produces high yield and can diversify your asset portfolio.
Poverty and diseases, our deadliest enemies (Japan Times)
Mehta argues that spending on basic infrastructure will save more lives in the long term than spending on security and the military. Improved infrastructure will protect people from diseases such as AIDS, which claims more lives than terrorist attacks. He lists several things that the countries should put as their priorities, such as education, women’s rights and trade liberalization, to create a more equal and just world.