But ultimately, in the West, governments and religious authorities deemed some amount of interest permissible.

FORBES: Magazine Article

Back in the 1960s, the Kennedy Administration deemed deferral an unwarranted interest-free loan from the Treasury and proposed taxing all international income as earned.

FORBES: Tax And Territoriality: The Corporate 99% Versus The Law School 1%

India had become steadily more difficult for Britain to rule and without India, British hegemony in the Middle East, deemed a core national interest until the disaster of Suez in 1956, was increasingly unsustainable.

ECONOMIST: The British empire: Pondering the past | The