Japanese families seem to have a sudden affinity for home safes. According to the Tokyo-based manufacturer Eiko, shipments have doubled since last fall. And in Germany, insurer Munich Re has stashed some 10 million euros ($11.4 million) worth of its own cash into vaults. Why the squirreling? One possible reason is the creeping imposition of […]
The Sub- Zero Club: Getting Used to the Upside- Down World Economy Read More »
A lot of Americans feel like they’re getting cheated at tax time. In a Pew Research Centerpoll last year, 61 percent said it bothered them “a lot” that “some wealthy people don’t pay their fair share.” Try defining “fair share.” But you can learn a lot about the U.S. tax burden by looking at five
Five Charts show what Americans really pay in Taxes Read More »
Prime Minister Alexis Tsipras said investor trust in the Greek economy is returning as the country’s asset-sales fund announced the privatization of the port of Piraeus. “I believe 2016 will be the year that Greece will surprise the world economic community,” Tsipras said in an interview with Bloomberg Television in Davos Wednesday. “Even though the
Tsipras says Greece to positively surprise World Economy in 2016 Read More »
As Greek Prime Minister Alexis Tsipras braces for another round of tough negotiations with creditors, savers are still reluctant to bet their money that this year’s talks will be less perilous for their country’s place in the euro area than 2015. Data released from Greece’s central bank this week showed that deposit outflows continued in
Greek Savers still wary of Tsipras after 2015 financial tumult Read More »
The European Parliament voted for their position regarding the agreement with Switzerland for the abandonment of Bank Secrecy. Counting 593 votes in favor, 37 against and 58 abstentions, the European Parliament decided the exchange of information between the EU and Switzerland, regarding the bank accounts of their residents. The process will begin in 2018 and
Bank Secrecy ends for all EU citizens in 2018 Read More »
Taxpayers who cannot justify increases in wealth will have to pay 33% tax on their additional gains, according to a special circular issued on Monday by Alternate General Secretary for Public Revenues, Ioannis Bakas. The circular instructs tax officers that they will have to ask for sufficient justification for any wealth increases that are flagged
Unexpected windfalls to incur 33% tax Read More »
