Search Results for: taxes
The dollar’s strength pressured many emerging market currencies
September 28th, 2017
The dollar and U.S. bond yields rose on Thursday after President Donald Trump proposed the biggest U.S. tax overhaul in three decades and as strong U.S. economic data added to the case for a rate hike by the Federal ...
Italy’s main opposition parties call for new currency to flank euro
September 13th, 2017
Italy’s leading opposition parties are calling for the introduction of a parallel currency to the euro, which they say will boost growth and jobs. Three of the country’s four largest parties – the Five Star Movement, the Northern League ...
Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way
August 29th, 2017
Many of those about to be vaporized did not grasp the fragility of the “prosperity” they assumed was both solid and permanent. Business-cycle recessions are not just inevitable, they are necessary to flush bad debt and marginal investments/projects ...
The fiscal benefits of free trade
August 18th, 2017
The fiscal benefits of free trade Western governments have an overriding problem, and that is they have reached or exceeded the bounds of taxation, at a time when legally mandated welfare costs are accelerating. Treasury departments in all ...
Brexit fears overshadow UK’s pole position as leading EU legal hub
August 4th, 2017
With Britain having the largest footprint in legal and accounting, a report commissioned by the City highlights the contribution of the sector to the economy and warns of the dangers ahead. Britain’s position as the leading legal hub of ...
Asian stocks fell after surging to the highest level in almost 10 years
August 3rd, 2017
Asian stocks fell after surging to the highest level in almost 10 years, with investors assessing the strength of company earnings before American labor-market data provides the latest clues on the health of global growth. South Korean shares dropped ...
Why economists cannot forecast recessions
July 28th, 2017
The purpose of this article is to draw the widest attention to the chronic inability of the economic establishment to forecast recessions. Next time you hear an economist make a prediction on mainstream media, your default assumption should ...
Cyprus Allows For Online Tax Amnesty Payments
July 28th, 2017
Cyprus’s Tax Department says that from August 1, 2017, it will accept requests for settling unpaid tax under its recently-announced tax amnesty through the island’s online “Ariadni” gateway portal. The amnesty is open to taxpayers who have filed all ...
A Former Credit Suisse Banker Has Pleaded Guilty in an U.S. Offshore Tax Case
July 20th, 2017
A former Credit Suisse Group AG banker from Switzerland pleaded guilty on Wednesday to participating in a wide-ranging scheme to help Americans hide millions of dollars in offshore accounts to evade U.S. taxes. Susanne Rüegg Meier, a former manager ...
Investors moves review: Euro, yen and yuan rose; Technology stocks selloff
June 28th, 2017
ECB’s Draghi says policy may become tighter from next year Banks rally as Yellen says economy can withstand higher rates A selloff in technology stocks extended into the Asian trading session, while bank shares rallied with government bond yields ...
