This paper compares the role of microfinance schemes in developing and developed country contexts. Research and reporting on microfinance programmes in developing countries is vast, but there is currently little analysis of similar schemes in developed country settings. This paper contributes a...

This paper compares the role of microfinance schemes in developing and developed country contexts. Research and reporting on microfinance programmes in developing countries is vast, but there is currently little analysis of similar schemes in developed country settings. This paper contributes a...

When setting public policies on retirement incomes, governments should focus on objectives they have a unique capacity to influence. Only governments can reliably eliminate poverty in old age, level the tax and regulatory playing fields for financial service providers/savers and gather...

In 2001, the government established the New Zealand Superannuation Fund. This is intended to partially pre-fund the future costs of New Zealand Superannuation, the universal Tier 1 pension payable to all New Zealanders over age 65. The incoming, National-led government suspended contributions in...

This article examines the law governing the tax consequences of withdrawals of trading stock, and the difference in approach between the House of Lords and the Hong Kong Court of First Instance. The author proposes a middle ground, according to which a trader who takes an item of trading stock...