Ludwig Von Mises in its book titled «The Theory of Money and Credit» mention that «the State has not the power of directly making anything into money, into a common medium of exchange. It is only the practice of the individuals who take part in business that can make a commodity into a medium of …
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Cybersecurity Tips For Businesses
A big shock to the Boards of Directors and CEOs of many companies is that they view the cybersecurity sector as exclusive to the CIO and the company’s technical department. Many companies have shaped their corporate technology into multiple levels of legacy systems that alone cannot meet the requirements of today and on them are …
Taxation of Non-Produced Wealth
The American tax system, like most western countries’ tax systems, only taxes wealth produced, such as wages and share/bond sales. In this case, however, in wages/salaries and sales of securities, taxation is mainly borne by the labour and the lower (wages/salaries) but also by the middle-income classes of society respectively leaving untouched any wealth that …
Fintech Sector: Which Company will Lead?
The rapid development of technological innovation has created Big Bang situations in services of payment providers so that businesses are constantly in a race to technologically meet customer expectations. Fintech term appeared when the distinct boundaries between technology-media and telecommunications (TMT) and existing financial institutions ceased to exist. In the Fintech category are all those …
When Does Tappering Start in World Bond Markets from Central Banks
Given that in the developed countries of the world, the EU, the US, Japan, the UK anti-Pandemic Covid-19 vaccination program is progressing rapidly, the eye of governments and officials of these Central Banks is on when to start “tapering” in bond markets. The “tapering” technique is forced in its application and should be done to …
G20: The US Proposal for the New Architecture of the Global Tax System
Discussions in the OECD on the taxation of the digital economy propose the creation of rights to tax jurisdictions on the profits of multinational companies operating in the global digitised economy. In addition, it is proposed to apply a minimum effective corporate tax rate. In April, the US at both the G20 summit and the …
The Highest Degree of Corporate Transparency Determines the Future of Corporate Success
Currently, the pressure for greater transparency is combined with the need to set common, objective, and applicable standards for non-financial information. A common way of disclosing non-financial reporting as is done with the accounting standards (GAAP) applicable to financial information should be agreed. For interested parties, the control of financial information is a given. But …
The Corporate Governance Framework for the Protection of Corporate Minorities
As capital markets play a leading role in a country’s economy, the demands for effective protection of minorities in listed companies have increased dramatically. A modern governance framework that every developing economy should have should include: 1. To oblige the Board of Directors of the company to establish and implement a corporate governance system, which …
What Possibility there is a Tapening in Fixed Income Markets to Stop The Recovery in The US
Data on the US economy last week showed that an annual growth rate (2021) is expected at 6.8% of GDP. At the same time, business profits for Q12021 are expected to increase by close to 36%. Continued price growth in stocks and commodities continues. This idyllically beautiful and optimistic image can be destroyed by the …
Tax Avoidance of Large Companies Creates the Need for a Common Tax Corporate Rate Worldwide
US President Joe Biden’s political agenda for funding the Infrastructure Program has led to a tax increase for the rich and corporate (from 21% to 28%) and seeks to establish a minimum corporate tax rate worldwide, but in the wrong way. (for more information read the analysis titled «Establishing A Global Minimum Corporate Tax Rate …