Tag: finance

According to him, now from the imf predicted losses of banks are already reflected in its financial statements losses of 80 billion dollars Also, currently disclosed write-off of ubs and Deutsche Bank. However, European governments, unlike the U.S., a very balanced approach to the question of assistance to individual companies to fight crises. For example, recently the German government announced that it is not inclined to help the carmaker Opel, which was faced with a catastrophic drop in demand for its products, noting that there should not pay for mistakes and failures of companies issued for the consequences of the crisis. In Europe, easily implemented, even the traditional fiscal measures to stimulate the economy. The European region had every opportunity to prevent a negative development events: according to statistics from the European Commission, the overall eurozone budget deficit last year amounted to only 0.6% of gdp – that is, compared to the U.S.

and the uk economy of the region seems to be quite healthy. November 26 The Commission released a plan a coordinated fiscal stimulus of the eu economy 200 billion euros (258 billion U.S. dollars). It provides a number of measures – temporary reduction in jobs and taxes, more generous state support for the unemployed and low paid workers, etc., but such measures are at best they will provide short-term acceleration. Some resistance, which show the eu authorities when it comes to the inclusion pump pumping the economy by fiscal means, may seem perfectly reasonable. The experience of the last three decades has shown that the best management tool in terms of economic cycles is a monetary policy.

What affects the above variables – is domestic legislation of doing business, the country of registration of your company, country of residence are You personally, as a citizen, and various international agreements on tax matters between the above-mentioned countries. The number of countries as you can see, there may be several, one, two, three or even more. The more jurisdictions you can afford, the more you have the choice and scope for financial and tax maneuver. Reflecting on the topic of tax planning, it can be pretty interesting results, such as Dr. wj. Hill, who developed and practitioner of the theory of "permanent Travels" – a cosmopolitan lifestyle, which gives individual sovereignty and freedom from government control over your life and property.

So he came to the conclusion that the "ideal life" you need to use the five jurisdictions, or five so-called "flags". Flag 1. Business base – a country where you conduct your business, make money. The country with the most favorable business opportunities. For other opinions and approaches, find out what Sen. Sherrod Brown has to say. This "flag" must be different from the "flag" your official residence.

Flag 2. Passport and citizenship – must be received in a country that does not show much interest in their missing citizens, and to what they are employed, it should provide maximum protection of the rights and freedoms of its citizens, wherever they are. Flag 3. Place of residence, the resident – "tax haven" with good communications, enabling political, economic, social and climatic conditions. Flag 4. Location of the assets – a country with a robust banking system, effectively and confidentially manage your cash assets will protect private property rights.

But there is a contrary view. Previous crises reinvestment was so global, that he would return to the previous rate of growth of the economy will not soon Optimists believe the crisis to restore justice. Pros: it's time to stop living in debt, inflating the financial bubble and immensely consume. Pessimists also believe that the end does not justify the means, and the price of sobering up too high. That only is unemployment, the turbulence of financial markets, the decline in production and increase confidence in the financial system as a whole.

This is not a step back, it's just the destruction of the architecture architecture relationships in the business world! Experts do not agree, and in the opinion whether there is any substantial restructuring of the economy country because of the crisis. Supporters believe the optimistic approach to the top of the optimization process. Pessimists tend to think that significant changes in control methods and approaches has not happened. Many companies send employees on leave without content, even redrew the staffing and nothing touching on the fundamental level. And maybe learn from China and develop investment in its own production at a sufficiently hard-state regulation? One can argue about the role of government in a market economy, but the socio-economic and political stability are not exactly necessities. Share the positive experience of countries is certainly useful. But and sovereignty should not be forgotten. In the search for the "golden mean" it is important to remember one's competitive advantages: vast natural resources, scientific potential and uniqueness of the mentality of Russian citizens.