Will AI suddenly transform the economy and upend our lives? Or is the prospect more mundane? Patrick Minford considers the effects of earlier systemic innovations and believes AI is unlikely to be different from other technology revolutions
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Andrew Bailey argues that independent central banks rely on more than technical expertise: they have a long tradition of accountability. Central bankers must explain their decisions or risk appearing to be an unrepresentative elite’, especially amid the challenge of populism
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Welcome to the WCR weekly update. World Commerce Review is the global trade and finance platform, discussing all things political, regulatory, technological, financial and, most importantly, the future
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Europe is moving towards invoice-level electronic VAT reporting. Thiemo Fetzer argues that, with AI-assisted processing of the information contained in electronic VAT invoices, the tax system can become not just a compliance and revenue-raising instrument, but a protected intelligence map of the economy
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Welcome to the WCR weekly update. World Commerce Review is the global trade and finance platform, discussing all things political, regulatory, technological, financial and, most importantly, the future
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The EU’s implementation of global anti-tax avoidance rules and the global minimum tax is widely regarded as a success. Madalena Barata da Rocha, Roel Dom, Pascal Saint-Amans and Bo Sangers consider the trilemma between tax sovereignty, revenue protection and investment neutrality that has emerged
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The ECB wants central bank money to serve as the monetary anchor for tokenised markets. Piero Cipollone calls for common standards, central bank money and coordinated regulation to prevent blockchain-based finance from becoming a collection of disconnected platforms
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Welcome to the WCR weekly update. World Commerce Review is the global trade and finance platform, discussing all things political, regulatory, technological, financial and, most importantly, the future
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Are American tech billionaires adversaries or role models for Europe? Rebecca Christie writes that the EU should ask what it wants from globally influential tech magnates, not just how to curb them
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Welcome to the WCR weekly update. World Commerce Review is the global trade and finance platform, discussing all things political, regulatory, technological, financial and, most importantly, the future
Read more