article thumbnail

StrategyDriven Editorial Perspective – The Government has Created a Monster

Strategy Driven

With both banks highly concentrated in the weak Texas real estate market, the deal ended up helping neither bank. A letter from the IRS allowed the acquirer to treat the deal as a “tax-free reorganization and to carry forward losses from the failed banks to offset future income,” according to the FDIC’s analysis 3.

Banking 50
article thumbnail

Early Lessons from India’s Demonetization Experiment

Harvard Business Review

The existence of this parallel economy is a substantial drag on the Indian economy: According to recently released data , only about 1% of Indians paid taxes on their earnings in 2013. The remaining was invested in business, stocks, real estate, jewelry, or “benami” assets, which are bought in someone else’s name.

Banking 11
article thumbnail

How Singapore Became an Entrepreneurial Hub

Harvard Business Review

Today, there’s an investment seemingly every week; venture-capital investment in the tech sector increased from less than $30 million in 2011 to more than $1 billion in 2013. based WiFi service provider Ruckus Wireless snatched it up in 2013. Dave McClure’s 500 Startups recently invested in a local real estate portal.