IFC Economic Report 2024

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Editor's Note:

A decade into the implementation of the OECD’s BEPS initiative, we bring in policy makers, academics and practitioners as we consider where we are now and ask, is the end in sight?

In November 2022, the UN General Assembly voted overwhelmingly for the organization to develop a global tax framework, prompting reflections on the perceived power imbalance between the OECD and the UN. In this year’s Big Debate, our contributors, each bringing unique perspectives and expertise to the table, weigh in on whether the UN should assume a more influential role in global taxation.

The ongoing discourse on ‘Transparency vs Privacy’ continues to garner attention – we examine the latest chapter of this conflict in the context of beneficial ownership registers and tax considerations. We also explore the regulations and technological advancements shaping the global response to financial crime, shedding light on the strategies employed to stay one step ahead.

Now more than ever, the international wealth management industry is met with a myriad of opportunities in the realms of sustainable finance and financial technology. These features evaluate the ways in which IFCs are responding to ever-changing priorities in these areas, demonstrating the ability of IFCs to adapt to evolving circumstances in ways which onshore finance centres often fail to do.

As we embark on the journey into 2024, this collection of insightful commentary and analysis serves as a guide, assisting you in the navigation through the intricate and dynamic landscape of offshore finance.

Abbie Cochrane

Editorial Assistant