there’s not much to save when you’re more concerned with just getting through the month. Our high levels of consumer-debt, combined with little in the way of personal savings, means we become financial burdens on the government in the long-run. It’...
In the same year, the 34 OECD countries collected corporate tax revenue that averaged 8.7% of total government revenues, or 3.0% of GDP. The US (federal plus average state) statutory corporate tax rate in 2013 was 39.1%, making it the highest of all the OECD countries, which averaged 25...
For high-net-worth investors not interested in the volatility or potential capital loss that can come from owning dividend stocks, tax-free airport revenue bonds are a great bet. Major airports all over the U.S. are redefining their businesses. Time was, flying from Hong Kong to LAX was ...
@Lupulco — I don’t agree I’m afraid. I use self-select ISAs as they used to be called (i.e. I buy shares, bonds, ETFs, funds etc within an ISA wrapper) and the fees vary from cheap to free (provided you trade 4x a year in the latter case). Mine have had flat fees, to...
Interest on bonds other than that payable to banks operating in Indonesia and Government-approved pension funds 10% 8. Proceeds from sale of shares on Indonesia Stock Exchange (IDX). To use this rate, founder shareholders must pay tax at 0.5% of the market price of their shares upon listing...
2. Open up a Tax Free Savings Account This is a type of savings account offered by financial institutions that invests your money in a combination of financial products such as unit trusts, bank savings accounts, fixed deposits, bonds, etc.The difference between this and other savings or ...
Interest is widely defined to mean any amount received 'because of loan' and includes income generated from bonds and sukuk (except those issued by the government or Oman-based banks). The following payments have been specifically excluded from the definition of 'interest' and have, therefore, ...
Chile has a presidential system of government with a strong republican tradition, and a written political constitution. It is divided into 16 administrative regions which share some functions with the central government. Chile is regarded a regional leader due to a solid, stable democratic system tha...
This statement underscores the significance of implementing supportive policies, financial mechanisms, and government interventions to facilitate the transition towards a more environmentally friendly and sustainable energy system. Hypothesis 1: Green investment arguments for clean energy development. 2.2. Fiscal...
Government is an intermediate agent. The budget is balanced, with consumption and public debt as fixed proportions of GDP. Lump-sum transfers to households (including transfer to the old and young generations) are also fixed. Tax revenues include indirect taxes on consumption and direct taxes on ...