Hints and tips:
...Corporation tax is a tax on investment not on shareholders, corporation tax revenue should be reduced to zero....
...Pimco admits that it would be “theoretically beneficial” but mutters about “unintended consequences”....
...“Blaming big corporations is always a proven path in a recession to deflect from a government’s own policy failures.”...
...That’s now the fifth short-term change to the corporation tax regime in the last two years....
...If mortgage rates keep going up — now we’re talking about 6 per cent, two-year fixed today — if these things continue, if these rising mortgage rates precipitate a correction in the housing market, if that...
...As ever, drop Imani (Imani.Moise@ft.com) or myself (Sid.V@ft.com) your emails with thoughts and suggested topics for coverage. Have a great week!...
...The new rule was introduced after the People’s Bank of China increased its shareholding in mortgage company Housing Development Finance Corporation, one of India’s leading blue-chip stocks....
...Swihart works closely with the US government-sponsored mortgage corporation Freddie Mac on its most significant legal challenges, such as the transition from Libor....
...“The bumper sticker would say, we’re past the V,” says Michael Gapen, chief US economist at Barclays, referring to the shape of the recovery since the shocking collapse last year....
...Putin's People, that goes into this, about systems of beneficial ownership....
...The US bailout law passed last month throws a lifeline to those Americans forced to skip their mortgage payments....
...The Big Three are on course to control 40 per cent of the votes in American corporations in a couple of decades....
...For example, the top five lithium producers — Albemarle, Jiangxi Ganfeng Lithium, Livent Corporation, SQM, Tianqi Lithium Corporation — have all faced allegations of corruption, tax avoidance or violating...
...If there’s a V-shaped recovery on the horizon “the market probably buys the EPS downgrade, assuming that the disruption is eventually contained.”...
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...A shell corporation would be listed as the buyer, and if there was no mortgage involved, cash could simply arrive in the seller's bank account via money order or wire transfer with no troublesome “know...
...More beneficial to the rich than any of these, most likely, is the reduction in taxes on income from “pass-through” business structures, which pay no corporate taxes....
...A further decline in interest payments, thanks to the sharp fall in mortgage rates over the past six months, also will help to boost disposable incomes....
...This ensured that the beneficial effects of rate cuts were not offset by the risks of larger deficits....
...“On the other side there is going to be a pretty big increase in the deficit, which is going to counteract the beneficial effects,” he warns....
...There might be big corporation tax cuts in the event of a no-deal Brexit....
...During the financial crisis, the real-time, practical manifestation of the liquidity v. solvency debate was about what financial institutions were worth saving....
...If anybody had any doubt about how serious HMRC take these matters they need only examine the cases of R v Dimsey and R v Allen in 1999....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...A reform of US corporation tax would reduce the competitive advantage of the UK’s present corporation tax policy....
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