For these CFOs, summer is where the year is won or lost. This article appears in the July/August issue of Global Finance Magazine. Every spring, airlines, cruise lines, travel booking platforms, golf tour operators, race promoters and other seasonal businesses begin trying to answer the question that will define much of their year: How is…
Net Wealth Taxes in Europe Norway levies a net wealth tax of 1 percent on individuals’ wealth stocks exceeding NOK 1.9 million (EUR 172,710 or USD 198,996), with 0.35 percent going to municipalities and 0.65 percent to the central government. Norway’s net wealth tax dates to 1892. Additionally, for net wealth exceeding NOK 21.5 million (USD 2.2 million),…
Key Findings A capital allowanceA capital allowance is the amount of capital investment costs, or money directed towards a company’s long-term growth, a business can deduct each year from its revenue via depreciation. These are also sometimes referred to as depreciation allowances. is the amount of capital investment costs a business can deduct from its…
investingLive Americas FX news wrap 14 Aug: Stocks finish mixed as yields rise and the dollar falls !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
The Reserve Bank of Australia (RBA) is on track to keep the Official Cash Rate (OCR) steady at 4.35% for the second consecutive meeting on Tuesday. The decision will be announced at 04:30 GMT, accompanied by the Monetary Policy Statement (MPS) and updated economic forecasts. RBA Governor Michele Bullock’s press conference will follow at 05:30…