Device is incompatible to play the video
Thursday, 27 March 2014, 3:15PM
Barnard's Inn Hall

Offshore, Onshore, Midshore: A Panel Discussion

Alderman Professor Michael Mainelli, Nicholas Shaxson, Richard J Hay

The speakers of the Long Finance 2014 Spring Conference, Nicholas Shaxson and Richard Hay, discuss the issues that their lectures raised as well as answering questions from the audience. The Panel discussion is chaired by Alderman Professor Michael Mainelli.

With three nearby Crown Dependencies and six overseas territories promoting themselves as ‘international financial centres’, the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011 G20 Summit in Cannes, President Nicolas Sarkozy stated, “We don’t want any more tax havens. Our message is clear, countries that remain tax havens … will be shunned by the international community”. But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly – savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps “mid-shore”.

alderman-professor-michael-mainelli

Alderman Professor Michael Mainelli is Emeritus Mercers' School Memorial Professor of Commerce at Gresham College, having held the chair from 2005 to 2009. His first degree was in Government from Harvard, followed by mathematics and engineering studies at Trinity College Dublin and a PhD from the London School of Economics in chaotic systems, where he was also a Visiting Professor.

Professor Mainelli is Executive Chairman of Z/Yen, the City of London’s leading commercial think-tank and venture firm, which he co-founded in 1994 to promote societal advance through better finance and technology. A qualified accountant (FCCA), securities professional (FCSI), computer specialist (FBCS) and management consultant (FIC), Michael began his career as a research scientist in aerospace (rockets) and computing (architecture & mapping). He later became a senior partner with accountants BDO Binder Hamlyn directing global consulting projects. During the 1990s he worked for the UK Ministry of Defence as Corporate Development Director for Europe’s then largest R&D firm, the Defence Evaluation & Research Agency leading to two privatisations. Career highlights include directing Z/Yen’s Long Finance initiative with Gresham College and the City of London Corporation asking “when would we know our financial system is working?” as well as creating the Global Financial Centres Index, Global Intellectual Property Index, London Accord and Farsight Award. Michael also conceived and produced the first complete digital map of the world in 1983, Mundocart (a 1980’s Google Earth), and the $20 million Geodat consortium cartography project.

Michael is non-executive Director of the United Kingdom Accreditation Service (UK’s national body for standards and laboratories), AIM-listed Sirius Minerals plc (potash mining), AIM-listed Wishbone Gold Plc; Alderman for Broad Street Ward (elected) at the City of London Corporation; Almoner for Christ’s Hospital School; Trustee of International Fund for Animal Welfare. Michael has held numerous advisory posts, for example with Hitachi UK, City University and HM Treasury. Michael won a 1996 UK Foresight Challenge award for the Financial Laboratory, 2003 UK Smart Award for prediction software, 2005 British Computer Society Director of the Year, 2011 Technology Strategy Board Challenge Award for financial avatars, and was awarded Gentiluomo of the Associazione Cavalieri di San Silvestro in 2011. Michael is a Liveryman, Worshipful Company of World Traders, Freeman, Watermen & Lightermen, and represents the Financial Services Group of Livery Companies.

Michael has published over 40 journal articles, 150 commercial articles and four books. Michael’s humorous risk/reward management novel, Clean Business Cuisine: Now and Z/Yen, written with Ian Harris, was a Sunday Times Book of the Week in 2000; Accountancy Age described it as “surprisingly funny considering it is written by a couple of accountants”. Their third co-authored book, The Price of Fish: A New Approach to Wicked Economics and Better Decisions, based on his Gresham lectures, won the 2012 Independent Publisher Book Awards Finance, Investment & Economics Gold Prize. Michael plays bagpipes, loves skiing and sailing and, with his wife, Elisabeth, he races and restores the 1923 Thames Sailing Barge Lady Daphne and sits on the world’s oldest sailing racing body, the Thames Match Committee. With an international family, Michael speaks English, German, French and Italian poorly, but even worse Spanish and Chinese.

To access all of Professor Mainelli's previous Gresham College lectures, please click here.

Read More
Read Less
speaker_nicholasshaxson.jpg.crop_display.jpg

Nicholas Shaxson is a British writer, journalist and investigator. He is author of the 2007 book Poisoned Wells: The Dirty Politics of African Oil, and, following completion of Treasure Islands in 2010, a journalist and part-time writer and researcher for the Tax Justice Network, an expert-led group focused on tax and tax havens. In 2012 the International Tax Review named him as one of its “Global Tax 50” most influential people in international tax.

Since 1993 he has written extensively on global business and politics for the Financial Times, Vanity Fair, the Economist and its sister publication the Economist Intelligence Unit, Reuters, International Affairs, Foreign Affairs, the American Interest, the BBC, Africa Confidential, African Energy, and many others.

Read More
Read Less
speaker_richardhay.jpg.crop_display.jpg

Richard Hay has practised in London for 25 years as the tax partner and head of the private banking practice at Stikeman Elliott, Canadian and International lawyers.  Prior to entering practice, Richard was a tax law professor lecturing in international taxation and securities law in Canada and at the National University of Singapore.

Richard advises on international taxation and financial regulation policy, including the initiatives pursued by the G-20, the OECD, the EU, the FATF and the IMF.  Richard acts for the IFC Forum (www.ifcforum.org) which represents the major professional firms in the British offshore centres in international policy dialogues on financial regulation.

Read More
Read Less
Related Future Lectures
Related Past Lectures
WATCHED
Part of a series

The Mistakes Investors Make

Professor Alex Edmans
Tuesday, 8 December 2020 - 6:00PM
WATCHED
Part of a series

The Mistakes CEOs Make

Professor Alex Edmans
Tuesday, 16 March 2021 - 6:00PM
WATCHED

The South Sea Bubble of 1720

Dr Helen Paul
Tuesday, 30 March 2021 - 1:00PM
WATCHED
Part of a series

Diversity in the Legal Profession

Professor Jo Delahunty QC
Thursday, 1 April 2021 - 6:00PM
WATCHED
Part of a series

How Companies Profit From Our Mistakes

Professor Alex Edmans
Tuesday, 11 May 2021 - 6:00PM
WATCHED
Part of a series

Investing in Nature

Professor Jacqueline McGlade
Tuesday, 18 May 2021 - 6:00PM
WATCHED
Part of a series

Hidden Investment Opportunities

Professor Alex Edmans
Tuesday, 27 October 2020 - 6:00PM
WATCHED
Part of a series

The Psychology of the Stock Market

Professor Alex Edmans
Tuesday, 22 September 2020 - 6:00PM
WATCHED

Leadership Lessons From Lockdown

Professor Alex Edmans
Wednesday, 24 June 2020 - 6:00PM
WATCHED
Part of a series

The Growth Mindset and the Abundance Mentality

Professor Alex Edmans
Wednesday, 3 June 2020 - 6:00PM
WATCHED
Part of a series

The Cashless Society

Professor Richard Harvey
Tuesday, 26 May 2020 - 6:00PM
WATCHED
Part of a series

Critical Thinking

Professor Alex Edmans
Wednesday, 22 April 2020 - 6:00PM
WATCHED
Part of a conference

Long Finance Spring Conference - Panel Discussion

Alderman Professor Michael Mainelli
Tuesday, 1 March 2016 - 4:30PM
WATCHED
Part of a conference

Long Finance Spring Conference Introduction - Damning Discount Rates

Alderman Professor Michael Mainelli
Tuesday, 1 March 2016 - 2:30PM
WATCHED
Part of a series
Part of a conference

London - The Global Maritime Centre in a Changing World: Welcome

Alderman Professor Michael Mainelli
Thursday, 28 January 2016 - 6:00PM
WATCHED
Part of a conference

Promoting UK Cyber-Prosperity Through Economics

Alderman Professor Michael Mainelli
Monday, 18 January 2016 - 4:00PM
WATCHED
Part of a series
Part of a conference

Panel Discussion: Public Interest vs Private Profit

Mark Hoban
Thursday, 17 September 2015 - 5:45PM
WATCHED
Part of a series
Part of a conference

Public Interest versus Private Profits

Mark Hoban
Thursday, 17 September 2015 - 5:00PM
WATCHED

How To Catch A Monkey

Professor Alex Edmans
Thursday, 28 November 2019 - 10:00AM
WATCHED

CEO Pay vs Performance

Professor Alex Edmans
Thursday, 6 December 2018 - 10:00AM
WATCHED

Profit or Purpose?

Professor Alex Edmans
Friday, 21 September 2018 - 10:00AM
WATCHED

Problems Causing Lack of Productivity and Comparing to Other Countires

Professor Jagjit Chadha
Thursday, 24 November 2016 - 1:59PM
WATCHED

Do You Think The UK's Weak Trade Unions Is Related To Low Productivity?

Professor Jagjit Chadha
Thursday, 24 November 2016 - 1:58PM
WATCHED

Does Technology Have An Influence On The Way Labour Models Work?

Professor Jagjit Chadha
Thursday, 24 November 2016 - 1:55PM