Offshore tax avoidance or evasion is nearly the exclusive preserve of the global elite. Eighty percent of all offshore wealth belongs to the top 0.1% of earners worldwide, while 50% belongs to the even smaller group of the top 0.01%. We wonder: Which set of countries has more than half of its GDP in offshore tax havens?
A. Russia, China and India
B. United States and Mexico
C. Spain, Italy, France, Germany and the UK
D. United Arab Emirates, Venezuela and Saudi Arabia Continue reading →
Falling oil prices have put significant pressure on countries that have long relied on reaping the benefits of their large oil resources. The anticipated global transition away from fossil fuels will further add to that pressure. We wonder: Which country has the world’s largest proven crude oil reserves?
Inflation has all but disappeared from the policy agenda of developed countries. But that is not the case for other countries around the world that are in the news. We wonder: Which of the following countries is expected to have the highest rate of inflation in 2016?
D. South Sudan