Ecb’s View on the Proposed Spanish Tax Is Largely Influenced by Banks’ Stability
Senior ECB central bankers stated that the institution may render a non-binding view on the planned levy on Spanish banks in the days or weeks to come after determining how it will affect the sector’s viability. In order to raise 3 billion euros ($2.93 billion) by 2024, a transitory bank fee was proposed in parliament byContinue reading “Ecb’s View on the Proposed Spanish Tax Is Largely Influenced by Banks’ Stability”
Bernanke, Bank Bailouts, and the Economics Nobel
Ben Bernanke wrote a paper about the part banks plays in financial crises back in 1983. That research was crucial in 2008 when the Fed made the contentious choice to save the big banks. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Bernanke and two colleagues yesterday forContinue reading “Bernanke, Bank Bailouts, and the Economics Nobel”
Proposed Limitations on Excessive Interest and Financing Expenses in Canada
The deductibility of interest payments and other financing costs is limited by the EIFEL Rules (IFE). It is expected that the EIFEL Rules will start to apply for tax years that begin in 2023, as roughly detailed below, even if technical modifications are foreseen. International organizations having Canadian members are urged to think about theContinue reading “Proposed Limitations on Excessive Interest and Financing Expenses in Canada”