in 2018, the Israeli parliament (the “Knesset”) passed a law that prohibits the purchase of sexual services, and penalizes those who do so. Despite the objections of Israeli sex workers—with the backing of social activists, social workers,...
China’s newly revised personal income tax code has made it easier to levy taxes on foreign employees’ offshore income, raising concerns that the country’s tax system will become even less attractive to foreign talent. Foreigners who have a residence or reside on the Chinese mainland for more...
Despite registering 5 crore users, why did PhonePe decide to exit instead of scaling? Was the business model not viable, or were regulatory challenges a factor? How will this decision impact PhonePe’s broader fintech ambitions, particularly in digital lending and financial inclusion? What...
*** That explains why manyof the most interesting recent war-on-poverty ideas are, for the most part, foreign imports. The cash-for-good-behavior concept was basically smuggled into the country on Mike Bloomberg’s private jet. In mid-2007, at the advice of his top aides, Bloomberg fle...