We award Hong Kong Exchanges and Clearing, or HKEx, a wide economic moat based on network effects and intangibles in its listing, trading, clearing, and market data businesses. We expect HKEx’s ...

GST excise duty and CENVAT credit system, explaining how taxes were levied, credits claimed, and the rationale behind their ...

Review of GST’s eight-year journey in India, highlighting goals, implementation, tax base expansion, and ease of doing business under the unified tax ...