Download PDF Introduction “Taxes are the price we pay for a civilized society.” – Oliver Wendell Holmes Jr. One of the first lessons in any basic economics course covers trade and specialization. The idea is simple: people are more efficient when focusing on one range of tasks, and exchanging the Read more…
Download PDF When lockdowns and travel restrictions started to threaten companies’ survival in March last year, all eyes turned to cash. What was before a mundane Treasury responsibility became a hot topic for discussion amongst C-suite executives. Mentions of cash, liquidity, and lines of credit multiplied in earnings calls. Cash Read more…
XL Group Ltd (NYSE:XL) – market cap as of 09/03/2018: $14.4bn Axa SA (EPA:CS) – market cap as of 09/03/2018: €54.5bn Introduction On the March 5, 2018, the French insurer Axa announced its intention to buy 100% of Bermuda-based XL Group, which also operates in the insurance industry, for $57.6/share. Read more…
Berkshire Hathaway Inc. A Class Shares Market Cap (as of 14/03/14) $305.93bn B Class Shares Market Cap (as of 14/03/14) $269.60bn Graham Holdings Co. Market Cap (as of 14/03/14) $5.28bn Berkshire Hathaway has agreed to acquire Miami TV Station WPLG and $400m of its own shares from Graham Holdings Co. Read more…
The EU financial transaction tax (EU FTT, aka the “Tobin Tax”) The tax that divides Europe. “Any US or Asian institutions trading securities issued in France, Germany, Italy or Spain would also be taxed”. Aims: Raise new revenues for the EU, thus plugging gaps in national budget deficitsand Read more…