More tax on asset gains is likelier than a wealth tax

2021 ◽  
Keyword(s):  
Asset Prices ◽  
Content Type ◽  
Developed Economies ◽  
Support Measures ◽  
Investment Income ◽  
The Future ◽  
The Face ◽  
Fiscal Support ◽  
Wealth Tax

Significance Developed economies have implemented fiscal support measures worth over 16% of their GDP to combat the pandemic's impacts. To pay off the resulting debt and to ensure sufficient revenue in the face of a fragile and uneven recovery, new taxes and higher rates are being considered. Impacts Levying a wealth tax on productive firms risks starving them of capital for the future. If levied too high or too long, people would sell assets to pay, depressing asset prices, reducing investment and prompting outflows. Criticisms of wealth taxes mean that a one-off surcharge on investment income above a certain threshold would be easier and more popular.

Role of social resilience in mitigating disasters

2015 ◽  
Vol 6 (3) ◽  
pp. 363-377 ◽  
Author(s):  
N. Nirupama ◽  
T. Popper ◽  
A. Quirke
Keyword(s):  
Point Of View ◽  
Social Resilience ◽  
Content Type ◽  
Developed Economies ◽  
Disaster Impact ◽  
Reduction Strategies ◽  
The Face ◽  
Psychological Harm ◽  
Recent Earthquakes

Purpose – The purpose of this paper is to analyze a few recent earthquakes, gain insights into the role of social resilience in the severity of disaster impact and offer plausible approaches to mitigate future disaster impact. Managing and alleviating social and psychological harm among people, in the face of recurring disasters in the world, is very important. Design/methodology/approach – An approach of event comparison has been adopted in this paper. Three recent earthquake events, the 2012 event in Haida Gwaii, Canada, the 2010 event in Christchurch, New Zealand, and the 2011 Japan earthquake and tsunami have been examined through the lens of social resilience of affected population. Findings – Japanese people illustrated patience, tolerance and consideration for other impacted people, proving that it is an effective and efficient approach to dealing with a disaster. New Zealand’s resilience can be attributed to having a governance that is well aware of the hazards in the country. In Canada, however, as of 2001, there are barely any government-funded programs geared toward seismic risks research. Although economically, politically and technologically similar countries can easily learn from this review on resilience, it is important to recognize that there are limitations. Originality/value – The research provides a unique point of view into three different cases of earthquake occurred recently in developed economies. The analysis presented in the paper focuses on social resilience, governance and people’s reaction to the disaster which is vital for disaster risk reduction strategies and programs development as well as implementation.

Reflections on business ethics through 1992-2017

2017 ◽  
Vol 29 (6) ◽  
pp. 628-641 ◽  
Author(s):  
Greg Wood
Keyword(s):  
Business Ethics ◽  
International Business ◽  
Design Methodology ◽  
Foreseeable Future ◽  
Content Type ◽  
Developed Economies ◽  
International Business Ethics ◽  
The World ◽  
The Future ◽  
Practical Implications

Purpose The purpose of this paper is to provide reflections on business ethics in the 25-year window from 1992-2017, and to then seek to examine some of the concerns for the future of which we all need to be cognizant. Design/methodology/approach The paper represents the reflections of a now retired academic who spent the period from 1992 to 2017 researching in the area of business ethics. Findings In the world of commerce, we are still seeing the same alleged behaviours by corporations from developed economies that have dogged business for so long. Have we moved forward and how far have we moved are difficult to determine. Research limitations/implications The paper is based on the reflections on 25 years of research in the area of international business ethics. The limitation is that the paper is based on the experiences of one academic. Practical implications The paper points to considerations that are required if the field of business ethics is to move forward in a positive manner. Originality/value The paper looks at many of the pertinent issues facing the field of commerce in respect to business ethics now and into our foreseeable future.

Embracing the role of artificial intelligence in accounting and finance: contemplating the changing skillset expectations

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Bhumika Gambhir ◽  
Anindita Bhattacharjee
Keyword(s):  
Artificial Intelligence ◽  
United Arab Emirates ◽  
Design Methodology ◽  
Learning And Development ◽  
Content Type ◽  
The Future ◽  
Challenges And Opportunities ◽  
The Face ◽  
Practical Implications

Purpose The purpose of this paper is to highlight how Artificial intelligence (AI) and its subsets are changing the face of the accounting and finance (A&F) profession. Expectations from A&F professionals are changing due to the expeditious changes in technology. This paper proposes new skill set expectations from these professionals. Design/methodology/approach This is a viewpoint paper based on the opinions/views of the employees working in medium and large organizations in A&F in the United Arab Emirates (UAE). The employee viewpoints were gathered through an emailed questionnaire. Findings This paper illustrates the need to embrace technology and acquire the necessary skills to work in conjunction with machines. This will help A&F professionals to meet the changing expectations of employers. Practical implications This paper emphasizes the usefulness of training, learning, and development of the skills necessary for A&F professionals to work with AI and its subsets. Originality/value This paper discusses how AI will bring in challenges and opportunities in the future. It suggests how A&F professionals can embrace technology (driven by AI) and understand to work with it.

A new golden age for libraries

2015 ◽  
Vol 116 (9/10) ◽  
pp. 641-644 ◽  
Author(s):  
Bruce Massis
Keyword(s):  
Literature Review ◽  
Golden Age ◽  
Design Methodology ◽  
Content Type ◽  
The Past ◽  
The Future ◽  
The Face ◽  
Diverse Audience ◽  
The Way ◽  
Forward Looking

Purpose – The purpose of this paper is to describe and provide several examples of evidence to support the estimation that libraries have entered a new “golden age”. Design/methodology/approach – Literature review and commentary on this topic that has been addressed by professionals, researchers and practitioners. Findings – Flexibility in the face of change has always been a hallmark of an exceptional service-minded organization and the library is no different. To maintain its reputation as a forward-looking service that appeals to an expansive and diverse audience, libraries must always be forward-thinking and forward-seeking in their ability to satisfy. Such a continual evolution can result in the conviction that the library is recognized as an institution whose golden age will not reside in the past, but fully in the present, and that its growth into the future remains persistent, evident and fully embraced by its customers and supporters. Originality/value – The value in addressing this issue is to demonstrate that there are ready examples of libraries leading the way in supporting the opinion that we are in a “golden age” for libraries.

Risk and complexity – on complex risk management

2020 ◽  
Vol 21 (1) ◽  
pp. 37-54
Author(s):  
Jan Emblemsvåg
Keyword(s):  
Risk Management ◽  
Complexity Theory ◽  
Management Tools ◽  
Content Type ◽  
General Data Protection Regulation ◽  
The Future ◽  
The Face ◽  
Margin Of Safety ◽  
Management Approaches ◽  
The Impact

Purpose Industries lament the current situation of approaches that have resulted in huge losses in the face of complex risks. The purpose of this study is therefore to review complexity theory in the context of risk management so that it is possible to research better approaches for managing complex risks. Design/methodology/approach The approach is to review complexity theory and highlight those aspects of complexity theory that have relevance for risk management. Then, the paper ends with a discussion on what direction of research that will be most promising for the aforementioned purpose. Findings The paper finds that the most challenging aspect is to identify the weak signals, and this implies that the current approaches of estimating probabilities are not going to produce the desired results. Big data may hold a solution in the future, but with legislation such as the General Data Protection Regulation, this seems impossible to implement on ethical grounds. Hence, the most prudent approach is to use a margin of safety as advocated by Graham roughly 70 years ago. Indeed, the approach may be to assume that a disaster will take place and use risk management tools to estimate the impact for a given object. Research limitations/implications The literature review is a summary of a much larger work, and in so doing, the resulting simplification may run the risk of missing out on important details. However, with this risk in mind, the review holds rich enough discussion on complexity to be relevant for research about complex risk management. Practical implications The current implication for practice is that the paper strongly supports the notion of using a margin of safety as advocated by Graham and his most famous disciple Warren Buffet. This comes from the fact that because context is king, risk management approaches must be applied in their right domain. There is no one right way. In the future, the goal is to develop a quantitative approach that can help the industry in pricing complex risks. Originality/value The main contribution of the paper is to bring complexity theory more into the domain of risk management with sufficient details that should allow researchers to get conceptual ideas about what might work or not concerning complex risk management. If nothing else, it would be a significant contribution of the paper if it could help increasing the interest in complexity theory.

Conflict of international and regional strategies and the future of wars in the Arab region "Political stability or political chaos"

2019 ◽  
pp. 190
Author(s):  
Ahmed Fadel Jassim Dawood
Keyword(s):  
Political Stability ◽  
Arab Countries ◽  
Arab Region ◽  
Regional Powers ◽  
Regional Strategies ◽  
Regional Competition ◽  
The Future ◽  
The Face ◽  
Near Term ◽  
Political Differences

The Arab region is of great importance as an important part of the Middle East for both international and regional powers.This importance has placed it and its peoples in the suffering of international and regional interventions and has placed it in a state of permanent instability as it witnessed international and regional competition that increased significantly after the US intervention in Iraq in 2003. Accordingly, the research aims to shed light on the strategic directions of the global and regional powers by knowing their objectives separately, such as American, Russian, Turkish, Israeli and Iranian. The course aims at determining the future of this region in terms of political stability and lack thereof. Therefore, the hypothesis of the research comes from [that the different strategic visions and political and economic interests between the international and regional powers have exacerbated the conflicts between those forces and their alliances within the Arab region.. The third deals with the future of the Arab region in light of the conflict of these strategies. Accordingly, the research reached a number of conclusions confirming the continuation of international and regional competition within the Arab region, as well as the continuation of the state of conflict, tension, instability and chaos in the near term, as a result of the inability of Arab countries to overcome their political differences on the one hand and also their inability to advance their Arab reality. In the face of external challenges on the other.

Planning for the Future in the Face of Climate Change

2015 ◽  
Vol 2015 (2) ◽  
pp. 1-10
Author(s):  
Christopher Crockett ◽  
Paul Kohl ◽  
Julia Rockwell ◽  
Teresa DiGenova
Keyword(s):  
Climate Change ◽  
The Future ◽  
The Face

Welcome to the marriage of human capability and artificial intelligence

2019 ◽  
Vol 19 (1) ◽  
pp. 10-14
Author(s):  
Ryan Scott ◽  
Malcolm Le Lievre
Keyword(s):  
Artificial Intelligence ◽  
Team Building ◽  
Workplace Change ◽  
Content Type ◽  
The Future ◽  
Human Capability ◽  
Mind Set ◽  
Future Work ◽  
Crucial Part ◽  
Practical Implications

Purpose The purpose of this paper is to explore insights methodology and technology by using behavioral to create a mind-set change in the way people work, especially in the age of artificial intelligence (AI). Design/methodology/approach The approach is to examine how AI is driving workplace change, introduce the idea that most organizations have untapped analytics, add the idea of what we know future work will look like and look at how greater, data-driven human behavioral insights will help prepare future human-to-human work and inform people’s work with and alongside AI. Findings Human (behavioral) intelligence will be an increasingly crucial part of behaviorally smart organizations, from hiring to placement to adaptation to team building, compliance and more. These human capability insights will, among other things, better prepare people and organizations for changing work roles, including working with and alongside AI and similar tech innovation. Research limitations/implications No doubt researchers across the private, public and nonprofit sectors will want to further study the nexus of human capability, behavioral insights technology and AI, but it is clear that such work is already underway and can prove even more valuable if adopted on a broader, deeper level. Practical implications Much “people data” inside organizations is currently not being harvested. Validated, scalable processes exist to mine that data and leverage it to help organizations of all types and sizes be ready for the future, particularly in regard to the marriage of human capability and AI. Social implications In terms of human capability and AI, individuals, teams, organizations, customers and other stakeholders will all benefit. The investment of time and other resources is minimal, but must include C-suite buy in. Originality/value Much exists on the softer aspects of the marriage of human capability and AI and other workplace advancements. What has been lacking – until now – is a 1) practical, 2) validated and 3) scalable behavioral insights tech form that quantifiably informs how people and AI will work in the future, especially side by side.

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