Search Results for: Tax
Currencies threatened by a credit crisis
February 15th, 2019
In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top of the credit cycle, ...
President of biggest law firm in France accuses KPMG of ‘coup’ against the profession
February 7th, 2019
President of biggest law firm in France Fidal accuses KPMG of ‘coup’ against the profession after 130 lawyers decamp to accounting giant. French press reports describe the mass exit from Fidal to the accounting giant as ‘big bang chez ...
FCA warns public of investment scams as over £197 million reported losses in 2018
February 7th, 2019
The Financial Conduct Authority (FCA) is warning investors to be vigilant to the threat posed by investment scammers, as data from Action Fraud reveals over £197 million1 of reported losses in 2018. Victims were scammed out of over £29,000 ...
Trade wars – a catalyst for economic crisis
February 1st, 2019
In my last article I used a proven accounting identity to show that the end result of President Trump’s trade tariffs would be to increase the trade deficit, assuming there is no change in the savings rate. The savings ...
More wealthy Europeans are leaving the U.K., movers say
January 17th, 2019
With the Brexit deadline less than 75 days away, the increasing likelihood of a no-deal split is pushing wealthy Europeans who have made their homes in the U.K. to call it a day and get the movers in. Anthony ...
Business investment rate up to 23.3% in the euro area
January 14th, 2019
Eurostat, the statistical office of the European Union, has published a report in relation to the business investment rate in the euro area for the third quarter of 2018. In accordance the report: In the third quarter of 2018, ...
Markets are all about flows
January 8th, 2019
This article looks at prospective supply and demand factors for financial assets in the New Year and beyond. Investors should take into account money flowing into and out of financial assets as well as stock flows, particularly escalating ...
EU VAT changes on vouchers became effective
January 7th, 2019
Significant changes to the way that businesses should account for value-added tax on vouchers became effective on January 1, 2019. The overhaul to the rules is intended to simplify the tax treatment of vouchers, especially where they can either ...
The Arrival Of The Credit Crisis
January 2nd, 2019
Those of us who closely follow the credit cycle should not be surprised by the current slide in equity markets. It was going to happen anyway. The timing had recently become apparent as well, and in early August I ...
Top Cryptocurrency stories in 2018
December 27th, 2018
Following an intense 2017 with cryptocurrency market spikes, year 2018 is the year with great majority of digital assets plunged well over 80 percent in value since their all-time highs. Year 2018 is also filled with many headlines about the ...
