Nov 12

Money Creation Debate in the UK

Money Creation Next week a historic event will occur in the UK, a debate about ‘Money Creation and Society’ has been tabled in the British Parliament. This will be the first time since 1844 that Parliament will debate money creation. It is taking place on Thursday 20th November. The biggest worry for the UK is that an alarmingly high […]

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Nov 11

Compliance or Stupidity?

Compliance is important, but we don’t need the stupidity that goes with it. The big issue is the prevention of crime, but so many companies compliance departments seem to measure their efficiency based upon the amount of transactions they delay. I say delay because I believe that in most cases that is all that happens, […]

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Nov 10

Are They Sure About Wealth Tax?

Wealth Tax Too many governments have made a complete mess of their countries finances and they seem to be getting away with it. The UK and the USA merrily go on increasing their debt whilst trying to give the impression that everything looks rosy for the future. However, the facts are that you cannot keep […]

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Nov 06

Russian Tax Law Approved

Russian Tax Law (Reuters) – Russia’s government has approved a new tax law to clamp down on Russian companies and individuals using offshore tax shelters. The law is part of a range of measures initiated by President Vladimir Putin, and collectively known as “deoffshorisation”, which are aimed at bringing Russian businesses and money home from […]

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Nov 03

Negative Interest – Would You Accept This ?

Since Mid Year when the European Central Bank cut interest rates to below zero we have had no less than 7 countries in the euro zone  show a negative yield on Government bonds. This month sees European banks following suit and Deutsche Skatbank got the ball rolling with negative interest rates. Customers with over €500,000 […]

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Nov 02

Bank Leverage Ratio Increased

The BoE’s Financial Policy Committee said the bigger UK banks should hold capital equal to 4.05 % of their assets. In simple terms that means the banks that are now required to hold 3 pence for every pound they lend out will need to raise that to 4.05 pence, but they have 5 years to do […]

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