Jamie Dimon: Blockchain is real; Fannie Must Be Protected From Politics

JPMorgan CEO Jamie Dimon on Fannie Mae and Freddie Mac, the SALT deduction, President Trump, bitcoin, the outlook for M&A and Federal Reserve policy.  Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet,… Please follow and like us:

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EU’s Taxlandia Game Is Propaganda at Its Finest

Taxlandia Game I’m not a fan of what is sometimes called the “European Project.” Yes, one of the original goals – free trade between European nations – was admirable and has generated significant benefits. But what started as a positive idea has morphed into a Brussels-based superstate that pushes bureaucratization, centralization, and harmonization. This is why… Please follow and like us:

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Gold demand hits lowest level since 2009: industry

Global demand for gold dropped nine percent in the third quarter, hit by weak buying in key market India, industry body the World Gold Council said Thursday. World demand in the three months to the end of September fell to 915 tonnes compared with one year earlier to stand at the lowest level since the third… Please follow and like us:

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EUROPE – French banks posted ‘multi-billion euro profits’ in tax havens

The Eurozone’s 20 biggest banks earned over a quarter of their profits in tax havens in 2015, according to a report released Monday by Oxfam. The report details how, in 2015, top Eurozone banks generated €25 billion in profits in low-tax territories like the Republic of Ireland, Luxembourg, the Cayman Islands and the American state of… Please follow and like us:

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FRANCE – France to pay big firms 10 billion euros after court blocks dividends tax

The French exchequer has been ordered to pay 10 billion euros to big companies after the country’s highest judicial authority struck down a tax imposed by the previous government on dividend … Earlier this month the Constitutional Council declared the three-percent tax on dividends, introduced by President François Hollande’s government in 2012, illegal on the grounds… Please follow and like us:

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Tax – US won’t support French proposal on taxing tech giants

The United States does not support a French proposal to tax the gross revenues of international tech corporations like Google and Amazon, Treasury Secretary Steven Mnuchin said Saturday. The remarks come as European officials say Washington has softened in recent days on a point that has caused sharp transatlantic tensions in recent years. European authorities have… Please follow and like us:

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Bitcoin Now Buys You Citizenship to This Island

The Pacific island nation of Vanuatu has become the world’s first county to accept the virtual currency bitcoin for its citizenship program. The Vanuatu Information Centre (VIC) announced that its Development Support Program (DSP) will allow foreigners to qualify for Vanuatuan citizenship through a one-time payment of $200,000 – or its cryptocurrency equivalent. At current market… Please follow and like us:

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Apple breaks new ground in squeezing yokels for huge tax breaks by offering almost no jobs

Iowa Gov. Kim Reynolds and the mayor of the tiny suburban town of Waukee (population 13,800) Thursday basked in the glory of sharing a podium with Apple CEO Tim Cook. They announced that Apple would build a $1.3 billion data center in the little town. They should have hung their heads in shame instead. Apple took… Please follow and like us:

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Billionaires in Their 80s Lead IRS Study of U.S. Wealth

Age ain’t nothing but a number, but a higher number can also equal billions. The latest iteration of Bloomberg’s Billionaires Index showed that six out of the 25 richest Americans are all older than 80, citing tax data and estimates gleaned by the Internal Revenue Service. The most famous examples of octogenarian billionaires are Berkshire Hathaway’s… Please follow and like us:

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Have Americans lost heart and their love of freedom?

WASHINGTON, August 22, 2017 – On June 7, 1776, a resolution was introduced in Congress which asserted that the United Colonies have a right to be free and independent states. Subsequently, on June 11, a committee was formed to draft a Declaration of Independence. The draft was presented to Congress on June 28. On July 4,… Please follow and like us:

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Underfunded Pensions Could Spark Wave Of ‘Precedent Setting’ Reforms

Underfunded pensions plans are possibly one of the most significant headwinds facing companies and public-sector bodies today. Despite record high stock markets and a bond bull market that has lasted for many decades, corporate pension plans are still chronically underfunded as fees and poor investment performance have eroded gains. Furthermore, pension trustees have struggled to keep… Please follow and like us:

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Amazon Stock Market Value Drops $5bn After Trump Tweet

Amazon’s stock market value plunged by more than $5 billion following a tweet by Donald Trump that criticized the company. The president took to Twitter on Wednesday to slam the e-commerce giant for damaging jobs in the U.S. and on its tax collection policy. “Amazon is doing great damage to tax paying retailers. Towns, cities and… Please follow and like us:

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Wall Street Fights States’ Effort To Tax Billionaires

During his presidential campaign, Donald Trump pledged to eliminate tax provisions that allow Wall Street money managers to pay a lower tax rate on their compensation than most middle-class people pay on their income. Financial executives taking advantage of the tax maneuver “are getting away with murder,” he said. Yet since taking office — and subsequently… Please follow and like us:

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HSBC’s profits plunge dragging down share price

Annual profit at HSBC has slumped, hitting the share price of Europe’s largest bank which fell six percent in London and five percent in Hong Kong. Profit last year was much lower than expected, down 62 percent due to costs from restructuring and the writedown of the value of its private banking activity in Europe. HSBC… Please follow and like us:

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