Dec 31, 2009
Consumer payment of credit card bills is falling in the US, with continued late-payment and un-collectible rates rises: revealed in Moody’s Credit Card Charge-Offs, Delinquencies Rise in November, released on December 29th. In November the balance of US credit cards deemed to be un-collectible rose to 10.56 percent, fifty basis points higher than in the [...]
Consumer payment of credit card bills is falling in the US, with continued late-payment and un-collectible rates rises: revealed in Moody's Credit Card Charge-Offs, Delinquencies Rise in November, released on December 29th.
In November the balance of US credit cards deemed to be un-collectible rose to 10.56 percent, fifty basis points higher than in the previous month. The charge-off rate on US credit cards is expected to rise further to 12 to 13 percent in mid 2010. The delinquency rate, a measure ... Read More
Dec 30, 2009
In excess of €95 billion of previously undeclared assets, almost €15 billion more than initially anticipated, have been disclosed to the Italian government in the country’s latest tax amnesty. Assets worth nearly 6 percent of the national GDP have been declared by Italian nationals during the tax amnesty, and 98 percent of the amount has [...]
In excess of €95 billion of previously undeclared assets, almost €15 billion more than initially anticipated, have been disclosed to the Italian government in the country's latest tax amnesty.
Assets worth nearly 6 percent of the national GDP have been declared by Italian nationals during the tax amnesty, and 98 percent of the amount has already been transferred back to Italy, mainly from offshore tax havens. The successful result of the controversial tax amnesty was announced in a statement of Economy Ministry ... Read More
Dec 29, 2009
The average business in South Australia faces a higher tax burden than in any other state across the country. The conclusion is drawn by the Australian Institute of Public Affairs (IPA) in the report Business Bearing the Burden 2009 released in the last days of the passing year. The report examined the impact of state [...]
The average business in South Australia faces a higher tax burden than in any other state across the country. The conclusion is drawn by the Australian Institute of Public Affairs (IPA) in the report Business Bearing the Burden 2009
released in the last days of the passing year.
The report examined the impact of state taxes across Australia on a medium sized business. According to the report, the tax liability in South Australia was ranked as highest, despite having the lowest payroll taxes ... Read More
Dec 24, 2009
On December 18th, the UK’s HM Revenue & Customs released a brief Changes to the Income Tax Credit for Foreign Dividends. The changes will affect shareholders in offshore funds and in foreign companies with holdings of 10 or more percent of issued share capital, with more taxpayers now eligible for dividend tax credits. Shareholders in [...]
On December 18th, the UK's HM Revenue & Customs released a brief Changes to the Income Tax Credit for Foreign Dividends. The changes will affect shareholders in offshore funds and in foreign companies with holdings of 10 or more percent of issued share capital, with more taxpayers now eligible for dividend tax credits.
Shareholders in offshore funds will be evaluated by whether they have holdings in equity based funds, or those heavily invested in interest bearing assets. Individuals with receiving distributions from ... Read More
