The Panama Papers are documents which were leaked from Mossack Fonseca, a Panama-based law firm offering legal and trust services. It is alleged that many of these documents show how wealthy individuals - including public officials - hide their money from public scrutiny. Panama Papers: What is … [Read more...] about Panama Papers: Case of Tax Evasion by the Rich?
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Understand the concept behind the Balance of Payments (BoP) The Balance of Payments (BoP) and Balance of Trade (BoT) are two confusing concepts for even economics graduates. These terms are connected with international trade accounting. In this post, we provide a mind-map approach to study the … [Read more...] about Balance of Payments: Accounting Concepts of Foreign Trade