EMerging Equity
Taxes
Capital Controls: Is There A War On Cash? If So — Why Now?
By Charles Hugh Smith You’ve probably read that there is a “war on cash” being waged on various fronts around the world. What exactly does a “war on cash” mean? It means governments are limiting the use of cash and a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are … Continue reading
North Africa: Tunisian Elites Dodged $1.2 Billion in Tariffs
Politically connected firms evaded at least $1.2 billion in import taxes between 2002 and 2009 by underreporting prices, a new report finds. While the 2011 revolution drastically diminished such privileges enjoyed by those with ties to the former regime, tariff evasion in Tunisia as a whole has escalated. STORY HIGHLIGHTS Dodging custom duties or ‘tariffs’ … Continue reading
China Reduces Import Tariffs To Boost Consumer Demand
“China will cut import taxes on consumer goods by more than 50% on average in a bid to boost consumer spending,” BBC reports. Chinese consumers started shopping abroad due to very high tariffs on imported goods. In order to boost domestic demand, Chinese officials are aiming to lower the taxes. The tariff reduction is an … Continue reading
Barack Obama Says That What America Really Needs Is Lots More Debt – OpEd
By Michael Snyder When it comes to taking a chainsaw to the future of America, nobody seems more eager than Barack Obama. Despite the fact that the U.S. national debt is on pace to approximately double during his eight years in the White House, he has just proposed a budget that would take government spending … Continue reading
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