If your stock was volatile on Thursday October 11th, you were not alone.
ModernIR tracks categorized trading volume (execution), which is different from stock surveillance (settlement data). We categorize the execution data to identify the forces at work in stock trading. If the equity markets don?t recapture early October highs, we think the source of the rupture will be a result of trading actions on October 10th and 11th.
There are three primary order flow forces behind a stock's daily volume: a) electronic order-matching, b) program trading, and c) speculative arbitrage that occurs around the first two forces. It?s not out of the ordinary for the three forces to drive 90% of volume. In order for equity markets to maintain a semblance of efficiency and support both trading and investment, equilibrium among these forces is desired.
For instance, on October 8th, electronic trading increased and by the 10th accounted for 44% of all order flow, about 20% more than either programs or arbitragers. On Thursday, the big Prime brokers behind programs essentially said, ?All right, everybody, out of the pool.? Whether this order flow was the result of the broker-dealers pressing the reset button themselves or responding at the behest of institutional clients is unclear. Whatever the reason, the markets have not been the same since ? and options expire on Friday right during the midst of third-quarter earnings reports.
So what's going on and what does it mean for investor relations? It may be that large primes like UBS Securities are able to watch order-flow imbalances across many different asset classes and perhaps even intervene for the sake of regaining institutional order flow. After all, if the buyside chooses to skip brokers and go directly to the markets through electronic systems, that eventually translates to lower revenues and earnings for broker-dealers. We also suspect that speculators in currencies (?forex?) and commodities leveraging off equity platforms got tripped up by their own models. Maybe this is why oil continues to make new highs?
Regardless, these actions impact the responses of institutions to fundamental business performance. If you don?t understand their role in your equity market ? call us redundant to the point of exasperation ? you can waste precious IR time, money and effort working at results that can?t be obtained.
And if you?re blessed with great business catalysts, the current market conditions are very favorable. Optymalizacja Zus
With the advent of plastic money, the use of currency is not what it used to be in the good old days. Credit card comes with the convenience of freedom of carrying cash on a shopping spree. The gift of technology has led to payment for even grocery possible online or through the credit card. Just as useful the credit card is to you, a valuable present or reward option comes in the form of gift cards that bear a certain value of money up to which the receiver can transact. It gives the receiver of the gift card the liberty to shop for needs or fun using the card and swiping it just as he or she would a credit card. It is particularly useful in the case of youngsters, the elderly or people traveling to a country the currency of which they are not familiar with. It is easy to use a gift card as it is activated already and loaded with a certain amount which can be spent as and when the need arises. There is a wide choice of companies offering the service and coming to their aid in turn are processing companies that care of the transactions by coordinating between retailers and the lending company. These intermediaries comprise even brokers who enjoy credibility in the market and thus the business runs smoothly giving convenience to all. When checking out on a Gift Cards Company and the quality and reliability of services offered by them, one should look for their rating by the business bureau. When you are gifting a card, you don't certainly want your beneficiary to be at a loss at any point in time of using the facility. Most of the gift cards come with a fixed possibly and there is no option to reload the value or top it up. In case the amount denominated to the card falls short, you can issue another card to make up for the shortfall. It is a blessing for those who can either ill afford or don't have the means to furnish documents required for being issued a regular credit card. The functions of the gift card are at par with those of a regular credit or debit card and there is a similar line up of merchants and business houses waiting to honor them. It is a clean and painless transaction every time you pick up things for buying and present your gift credit card at the billing counter. It saves the user botheration of carrying wads of currency note and enables still to buy from a great number of outlets across the country. At the same time, the user is able to know the balance of the card so that he or she can plan one's spending accordingly and stop when the value fed into the card is over or about to finish. Such cards are a joy as much to receive as to give away to a near or dear one. On one hand, it boosts business in the market and on the other hand, provides a free hand to spend without paying in cash. View previous post to Credit Card Rejestracja Spółki Limited w Wielkiej Brytanii i oddziału w Polsce
Your health and the modern lifestyle should complement each other. You cannot enjoy one without the other. A research done by Cancer Research UK reflects that the number of cancer-sufferers is increasing. Our modern lifestyle holds the key here. Some where down the line, it is responsible for emanating different life-threatening cancers. There are other serious issues involved and they all can be said to have a strong link with the modern lifestyle and stressful life.
You should not defer your plans on healthy living even if you fall short of funds. A personal loan can be helpful in any such circumstances. With funds in your hands, you can achieve your targets to evade diseases and lead a healthy stress free life. Skin cancer is moving fast to have an adverse effect on many Brits. It is apparently because of too much exposure to sun. Cancer Research UK says that nearly 40 per cent rise has been noticed in this dangerous skin disease since a decade. Similarly, women are under a lot of pressure. Obesity and overweight women are prone to develop womb cancer.
A comprehensive personal health check up can avoid any troubles later on. It?s better to take preventive measures rather than fighting the problem as and when it attacks you. It is especially desirable in case of your personal health. Now, don?t think about costs involved. You can get some of the cheapest loans available in the market through online process. There are many lenders who offer you a cheap personal loan provided that you have a good credit history. In the absence of a good credit history, you might have to pay high interest rates.
Personal loan can be accessed online. The online loan market is the most happening thing in the finance sector. A loan when you need it most is the key. The online process makes personal loan fast to avail. So, check it out and keep your health good without any fail. Rejestracja i prowadzenie spółek
Cyber begging and internet panhandling has many names and definitions, however the idea is the same; to ask for money on the internet. Just like everything else, the idea was taken from off the streets and into the long series of tubes known as the internet.
The exact first known instance of begging is unknown, however there are many articles that point to 1997 and 1998 where the early examples of cyber begging emerged. One particular case is that of Karyn Bosnak, who launched , a website that blatantly explained that Karyn had accrued over $20,000 in debt and took her story to the internet. Over the course of several years, Karyn added new features to her website and updated the amount she collected and ways she was saving to meet her goal. After she finally conquered her debt, she turned her site to be more about the dangers of credit card abuse and about her experience cyber begging, but no longer accepted donations. She later earned a book deal and is now an advocate for saving and living a debt-free life.
Karyn's example of internet panhandling is one of millions these days. But why did her story work and so many others suffering with their donation pages.
It's the story.
Humans are attracted to compelling stories, as it is a natural evolution of our species. Sitting around hearing and listen to stories is as natural to us as yawning.
Karyn's story began with her problem. She knew she had an addiction to Starbucks and designer clothing and had accumulated tens of thousands of dollars in debt. She started a cyber begging website with the little money she had left. She truthfully explained her story and created an entertaining website. Her story was picked up my the media, and little-by-little she climbed her way to her goal. Upon completing her goal she reorganized her website to teach what she had learned.
Now that's a compelling story! There have been many other similar stories like this, and truthfully explaining your compelling story and following through with updates appears to be the most direct way to have a successful cyber begging campaign. Once again here is the essential list you need:
A credit card is a card given to an individual by the bank to make purchases with. By giving this card to an individual, the bank gives them the authorisation to purchase anything up to certain agreed upon limits as a credit. The bank pays for the items the individual purchased with the credit card and over time the card holder pays back the bank through regular monthly payments. If the card holder fails to pay the bank back in a timely manner, the bank has full right to add interest charges to the unpaid portion. If your spending gets ahead of your budget, a credit card can be a scary thing to possess. There are some credit card companies that actually target young inexperienced individuals and dupe them into believing it?s a good thing to have. Later the card holders realise how much financial trouble the credit cards have put them in.
It is important to get a credit card from a company that will not charge you exorbitant interest rates or put you into debt and will let you spend on the things you really desire. When you try and compare credit cards it can be a confusing process and it is essential to know the facts to make the right choice. Never go for the first company that approaches you. Scope out and investigate what?s available in the market currently. You should begin to compare credit cards by making a list of financial priorities in your life.
Decide what you really need to use the credit card for. You will get an idea of how much you will need to use on your credit card and for what. Credit cards have a certain limit depending upon the type of card you?ve chosen. After making a list of priority expenses you will get an idea of what credit card limit to aim for when you compare credit cards. After grasping your financial priorities this will further prevent you from getting sidetracked or distracted with different offers and credit limits because you?ll know exactly what you want. Knowing what you want will prevent credit card salespeople from taking advantage of you.
If you need to buy more expensive larger items with your credit card, then your main goal when you compare credit cards should be to get the lowest annual percentage rate also known as APR. The APR is the accumulated interest you?ll have to pay on the amount you owe for purchasing a largely expensive item. Since it is so expensive, it will take you longer to pay off, so low APR will be in your best interests. The amount of APR you pay to a credit card company is determined after taking a look at your credit history. If in the past you have paid off all your loans on time and regularly, you will definitely be granted a low APR for credit card purchases.
Ask the credit card company about their annual fees, and other incurred charges involved with their credit card to get a clear picture of what the conditions entail. Penalties, late charges, and grace periods are all key things to inquire about so you know what you?re getting into before signing. Also remember to inquire about where the card is accepted and whether it has national or international features. When you compare credit cards and take the effort to research the market you should be able to come out with a choice to give you the best credit card for your financial needs. Prowadzenie spółki - firmy i daty rozliczeniowe spółki
If you are faced with mounting debt and feel like there is no way out you should know there are ways you can reduce or eliminate your debt so that you can have peace of mind. Most people who find themselves having a hard time making ends meet find it easy to increase there debt not because they want to but because they have to so they can survive.
With the rising price of gas and food among other things it seems like it is harder to make ends meet on a daily basis. We may get into a situation were are credit card bills keep increasing and we can not even pay the minimum balance. This can be a difficult situation to be in and you need to know there are some options available to you that can help you get debt free.
You can get a Debt Consolidation Loan that will take all of your debt and roll it into one loan. The advantages are that having to worry about only one loan will make it much easier to manage. Having to pay only one monthly payment can make it much easier to keep up with and in affect you will be more likely to always make your payments on time. Also you will save a lot of money in interest payments because with a consolidation loan you can actually get a lower interest rate than you are currently paying.
Another great option is to consider a Government Grant that will give you the money you need to pay off your debt. The benefit to this option is that they money that you receive form the grant is yours and you do not have to repay it back. Make sure that when choosing this option that you fully understand how grants work and what it takes for you to qualify.
Remember that you want to get out of debt and stay debt free and making some changes in your life can give you a positive outlook on your personal finances. Jak założyć firmę w Anglii w kilku krokach?
Cash Loans No Fax are short term money loan which bridged the cash adequacy between your two paydays. It doesn?t matter to the loan procedure if you are having bad credit. You can unhesitatingly apply for the loans. There are times when you don?t have enough money in your account and you are stuck in financial crunch and can?t make up with these. In such a situation, payday loan no paperwork seems like the best and most feasible option to secure. These loans can be accessible to both good credit people, as well as bad credit borrowers. These loans are unsecured in nature and you can borrow them to solve day to day needs, as well sudden fallen emergencies.
Features:
Necessary cash can be provided to you with ease and it can be used for number of purposes. Cash loans are intended to offer monetary support to people who want to meet their urgent expenses without nay delay. Due to unsecured in nature, these loans do not demand collateral to pledge against your loan amount. This is a quick and convenient method which is rare to be found in conventional financial institutions where half of your time gets wasted in filling lengthy application forms. You can have the loan amount directly transferred in your bank account within 24 hours with the help of advent of information technology. It requires least time in approval and provides instant cash in hand to use. All your stress and tensions will be absorbed by granting these loans but you have to ensure that the amount of the cash advance and the finance charges are available in your account on your next payday so that the lender can get it back. These loans also offer cash loans no fax, instant payday loans and payday loans no fax.
Requirements:
There are certain rules and regulations which should be keep in mind to get eligible for payday loans. These are as follows:
1.The borrower should be permanent citizen of United Kingdom. 2.He should also be an adult with the age of eighteen years of age or more. 3.He should possess a valid and active bank account under his name which should not e more than three months old. 4.He should have good and sound enough repayment ability. 5.He should be employed with stable employment earning viable and steady stream of income. 6.He should earn at least ?1000 monthly.
Summary:
To conclude, these loans don?t include heavy schedule which takes a lot of time and effort. It offers easy cash for your urgent requirements. The amount obtain from this loan can be in the range from ?100 to ?1500 and it can also be repay back within 14-21 days and the period can be extended up in other case as per the borrower affordability. These loans are quite sensible and appropriate as it does not let the borrower go through the procedure of credit verifications. People who all are facing temporary financial problem can be a best suited deal for them. Payday loan no paperwork are quite sensible and appropriate to avail as they can be approved in short time and provide you cash within couple of hours of your application. Rejestracja Spółki Limited w Wielkiej Brytanii oraz oddziału w Polsce
To finance the welfare and the administrative expenditure, governments around the world impose certain taxes on their subjects. The taxation system helps in collecting revenue besides it also provides direction to the economic growth and also brings economic equilibrium amongst various classes. In any taxation system, the residential status of the taxpayer is of crucial significance. Residential status confirms the jurisdiction and the application of taxation accountabilities. However, in cases, where cross country economic activity is carried out, it is a tricky affair to identify and justify the appropriate jurisdiction of tax authorities. In order to mitigate the hardships of multiple jurisdictions, the Governments enter into bilateral arrangements, which are commonly denoted as "Double Taxation Avoidance Agreements" (DTAA). DTAA refers to an accord between two countries, aiming at elimination of double taxation. These are bilateral economic agreements wherein the countries concerned assess the sacrifices and advantages which the treaty brings for each contracting nation. It would promote exchange of goods, persons, services and investment of capital among such countries. Indian Government is actively pushing DTAA negotiations with several countries to help its residents in understanding their tax jurisdictions and accountability towards the appropriate authorities. So far India has signed DTAA with 81 countries and discussion is on with many others. The natures of DTAA's entered by India are greatly diverse in their nature and contents. OECD and DTAAs The first international initiative regarding DTAA was taken by the Organization for Economic Co-operation and Development. OECD presented the first draft of DTAA in 'Model Tax Convention on Income and on Capital'. DTAA was proposed as a tool of standardization and common solutions for cases of double taxation to the taxpayers who are engaged in industrial, financial or other activities in other countries. The double tax treaties are negotiated under international law and governed by the principles laid down under the Vienna Convention on the Law of Treaties. Objectives DTAA treaties must help in avoiding and alleviating the burden of double taxation prevailing in the international arena. The tax treaties must clarify the taxpayer to know with certainty of his potential tax liability in the country, where he is carrying on economic activities. Tax Treaties must ensure that there is no prejudice between foreign tax payers who has permanent enterprise in the source countries and domestic tax payers of such countries. Treaties are made with the aim of allocation of taxes between treaty nations and the prevention of tax avoidance. The treaties must also ensure that equal and fair treatment of tax payers having different residential status, resolving differences in taxing the income and exchange of information and other details among treaty partners. Classification Double taxation avoidance agreements may be classified into comprehensive agreements and limited agreements based on the scope of such agreements. Comprehensive Double Taxation Avoidance Agreements provide for taxes on income, capital gains and capital investments whereas Limited Double Taxation Avoidance Agreements denote income from shipping and air transport or legacy and gifts. Comprehensive agreements ensure that the taxpayers in both the countries would be treated on equitable manner in respect of the issues relating to double taxation. Active & Passive Income Passive Income refers to income derived from investment in tangible / intangible assets eg. Immovable property, dividend, interest, royalties, capital gains, pensions etc. Active income is the income derived from carrying on active cross border business operations or by personal effort and exertion in case of employment eg. Business profits, shipping, air transport, employment etc. Current Scenario in India The Indian Income Tax Act, 1961 administrates the taxation of income accrued in India. As per Section 5 of the Income Tax Act, 1961 residents of India are liable to tax on their global income and non-residents are taxed only on income that has its source in India. The Provisions of DTAA override the general provisions of taxing statute of a particular country. It is now well settled that in India the provisions of the DTAA override the provisions of the domestic statute. Moreover, with the insertion of Sec.90 (2) in the Indian Income Tax Act, it is clear that assessee have an option of choosing to be governed either by the provisions of particular DTAA or the provisions of the Income Tax Act, whichever are more beneficial. Further if Income tax Act itself does not levy any tax on some income then Tax Treaty has no power to levy any tax on such income. Section 90(2) of the Income Tax Act recognizes this principle. Govt. of India has entered into DTA agreement with the following countries: Armenia, Australia, Austria, Bangladesh, Belarus, Belgium, Botswana, Brazil, Bulgaria, Canada, China, Cyprus, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hashemite Kingdom of Jordan, Hungary, Iceland, Indonesia, Ireland, Israel, Italy, Japan, Kazakstan, Kenya, Korea, Kuwait, Kyrgyz Republic, Libya, Luxembourg, Malaysia, Malta, Mauritius, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nepal, Netherlands, New Zealand, Norway, Oman, Philippines, Poland, Portuguese Republic, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovenia, South Africa, Spain, Sri Lanka, Sudan, Sweden, Swiss Confederation, Syrian Arab Republic, Tajikistan, Tanzania, Thailand, Trinidad and Tobago, Turkey, Turkmenistan, UAE, UAR (Egypt), UGANDA, UK, Ukraine, United Mexican States, USA, Uzbekistan, Vietnam, Zambia. Tax Havens OECD (Organization for Economic Co-operation and Development) has blacklisted over 25 nations for tax relaxations they offer for parking funds. These include Mauritius, Cyprus, Switzerland and the Netherlands. Tax havens allow easy parking of money either through investments or deposits. They may offer a range of incentives including a nominal capital gains tax for companies to complete financial secrecy of accounts held by individuals and corporate. Treaty Models There are different models developed over a period of time based on which treaties are drafted. These models assist in maintaining uniformity in the format of tax treaties. They also serve as checklist for ensuring exhaustiveness or provisions to the two negotiating countries. Some of the popular models are known as OECD Model, UN Model, the US Model and the Andean Model. Of these the first three are the most prominent and often used. OECD Model - The OECD Model was issued in Double Taxation Convention on Income and Capital in 1977 and amended thereafter in 1992 and 1995. OECD Model is essentially a model treaty between two developed nations. This model advocates residence principle, that is to say, it lays emphasis on the right of state of residence to tax. UN Model - The UN Model of 1980 gives more weight to the source principle as against the residence principle of the OECD model. As a correlative to the principle of taxation at source the articles of the Model Convention are predicated on the premise of the recognition by the source country that (a) taxation of income from foreign capital would take into account expenses allocable to the earnings of the income so that such income would be taxed on a net basis, that (b) taxation would not be so high as to discourage investment and that (c) it would take into account the appropriateness of the sharing of revenue with the country providing the capital. In addition, the United Nations Model Convention embodies the idea that it would be appropriate for the residence country to extend a measure of relief from double taxation through either foreign tax credit or exemption as in the OECD Model Convention. Most of India's treaties are based on the UN Model. Relief to the tax payer In order to prevent the hardship of double taxation, relief is provided to the tax payer. Such relief is provided by two ways: Bilateral Relief Bilateral relief is provided in section 90 and 90A of the Indian Income Tax Act. Bilateral relief is provided through following methods: (i) Exemption Method One method of avoiding double taxation is for the residence country to altogether exclude foreign income from its tax base. The country of source is then given exclusive right to tax such incomes. This is known as complete exemption method and is sometimes followed in respect of profits attributable to foreign permanent establishments or income from immovable property. Indian tax treaties with Denmark, Norway and Sweden embody with respect to certain incomes. (ii) Credit Method This method reflects the underline concept that the resident remains liable in the country of residence on its global income, however as far the quantum of tax liabilities is concerned credit for tax paid in the source country is given by the residence country against its domestic tax as if the foreign tax were paid to the country of residence itself. (iii) Tax Sparing One of the aims of the Indian Double Taxation Avoidance Agreements is to stimulate foreign investment flows in India from foreign developed countries. One way to achieve this aim is to let the investor to preserve to himself/itself benefits of tax incentives available in India for such investments. This is done through "Tax Sparing". Here the tax credit is allowed by the country of its residence, not only in respect of taxes actually paid by it in India but also in respect of those taxes India forgoes due to its fiscal incentive provisions under the Indian Income Tax Act. Unilateral Relief Unilateral Relief is provided in section 91 of the Income Tax Act. The aforesaid method is depending on bilateral activity of both the countries. However, no country will have such an agreement with every country in the world. In order to avoid double taxation in such cases, country of residence itself may provide relief on unilateral basis. Apart from relief to persons of a country where India has entered in Double Taxation Avoidance Agreement, there is relief given even in cases where the Government of India has not entered into DTA agreement with any foreign country. In such cases if any resident Indian produces evidences to show that, he has paid any tax in any country with which the Government of India has not entered into a DTA agreement, tax relief on that part of his income which suffered taxation in the foreign country, to the extent of tax so paid in such foreign country, or the tax leviable in India under the Income Tax Act on such income whichever is less shall be allowed as deduction u/s 91 while calculating his tax liabilities on such income. General Features of a Model DTAA 1) Language used by Treaties - Tax Treaties employ standard International language and standard terms. This is done in order to understand and interpret the same term in the same manner by both assessee as well as revenue. Language employed is technical and stereotyped. Some of the terms are explained below: I. Contracting State - country which enters into Treaty. II State of Residence- Country where a person resides. III. State of Source- Country where income arises. IV. Enterprise of a Contracting State- Any taxable unit including individuals. V. Permanent Establishment - A fixed base of an enterprise Components of DTAA 1) The date of DTAA. 2) DTAA applies to all individual / person who is resident of either of countries entering into DTAA. The definition of resident is differently composed in different countries. Definitions - Article 3 of DTAA generally covers definitions of various terms used in DTAA. eg. person, company, contracting state, enterprise of contracting state, immovable property, dividend, business profits, royalty, technical fees, salaries etc. The nature and category of taxes to be considered under DTAA as different countries use different descriptions for defining tax levies in their revenue system. Tax treaties may cover income taxes, inheritance taxes, value added taxes, or other taxes. 3) DTAA contains a clause to describe permanent establishment. PE means the place from where the business of the enterprise is carried on. PE includes place of management, branch, office, factory, workshop, mine, quarry, an oil or gas well, a construction site for long duration, a service location for a long duration etc. 4) Tax-sharing method / depending upon the residential statute, permanent establishment, fixed base. 5) Method of relief either by way of exempting income or where it is taxable, taxing it at stipulated rate. 6) Exchange of information about associated enterprises principally to deal with diversion of income to avail treaty benefit or evasion. 7) Proviso for removal of double taxation. 8) Proviso for non- discrimination etc. 9) Other clauses may be added as per the specific requirements of the participating countries. Indian Income Tax Act and DTAA It has come to the notice of the Board that sometimes effect to the provisions of double taxation avoidance agreement is not given by the Assessing Officers when they find that the provisions of the agreement are not in conformity with the provisions of the Income-tax Act, 1961. The correct legal position is that where a specific provision is made in the double taxation avoidance agreement, that provisions will prevail over the general provisions contained in the Income-tax Act. In fact that the double taxation avoidance agreements which have been entered into by the Central Government under section 90 of the Income-tax Act, also provide that the laws in force in either country will continue to govern the assessment and taxation of income in the respective countries except where provisions to the contrary have been made in the agreement. Thus, where a double taxation avoidance agreement provides for a particular mode of computation of income, the same should be followed, irrespective of the provisions in the Income-tax Act. Where there is no specific provision in the agreement, it is basic law, i.e., the Income-tax Act that will govern the taxation of income. Harmonization of Tax Rates Tax treaties usually specify the same maximum rate of tax that may be imposed on some types of income. As an example, a treaty may provide that interest earned by a nonresident eligible for benefits under the treaty is taxed at no more than five percent (5%). However, local law in some cases may provide a lower rate of tax irrespective of the treaty. In such cases, the lower local law rate prevails. Resolving of Disputes in Interpretation If there are any disputes in the interpretation/ implementation of the terms of DTA Agreements, normal remedies of appeal etc. provided in the Income-tax Act are available to the aggrieved party. The DTA Agreements also contain mutual agreement procedure. The aggrieved party may approach the Competent Authority of the contracting State wherein he is a resident, who, if he is unable to resolve the dispute by himself will approach the competent Authority of the other Contracting State to arrive at a solution after mutual discussion. Advance Ruling In respect of interpretation of terms contained in DTA Agreement the Indian Income-tax Act contains a special provision which is offered to those Non- residents who would like to have advance ruling on a matter of law or fact in relation to a transaction undertaken/proposed to be undertaken by them. The facilities available in such provision can be availed of by the Non-residents in the matters regarding Double Taxation of income also. Tax Information Exchange Agreement The purpose of this agreement is to promote international co-operation in tax matters through exchange of information. It was developed by the OECD Global Forum Working Group on Effective Exchange of Information ("the Working Group"). The Working Group consisted of representatives from OECD Member countries as well as delegates from Aruba, Bermuda, Bahrain, Cayman Islands, Cyprus, Isle of Man, Malta, Mauritius, the Netherlands Antilles, the Seychelles and San Marino. The Agreement grew out of the work undertaken by the OECD to address harmful tax practices. The lack of effective exchange of information is one of the key criteria in determining harmful tax practices. The mandate of the Working Group was to develop a legal instrument that could be used to establish effective exchange of information. The Agreement represents the standard of effective exchange of information for the purposes of the OECD's initiative on harmful tax practices. This Agreement, which was released in April 2002, is not a binding instrument but contains two models for bilateral agreements. A number of bilateral agreements have been based on this Agreement. Salient general Features of DTA agreements between India & others countries A typical DTA Agreement between India and another country covers only residents of India and the other contracting country who have entered into the agreement with India. A person who is not resident either of India or of the other contracting country cannot claim any benefit under the said DTA Agreement. Such agreement generally provides that the laws of the two contracting states will govern the taxation of income in respective states except when express provision to the contrary is made in the agreement. A situation may arise when originally the tax provision in the other contracting state gave concessional treatment compared to India at a particular time but Indian laws were subsequently amended to bring incidence of tax to a level lower than the tax rate existing in the other contracting state. Since the tax treaties are meant to be beneficial and not intended to put tax payers of a contracting state to a disadvantage, it is provided in Sec. 90 that beneficial provisions under the Indian Income Tax Act will not be denied to residents of contracting state merely because the corresponding provision in tax treaty is less beneficial. Some Double Taxation Avoidance agreements provide that income by way of interest, royalty or fee for technical services is charged to tax on net basis. This may result in tax deducted at source from sums paid to Non-residents which may be more than the final tax liability. The Assessing Officer has therefore been empowered u/s 195 to determine the appropriate proportion of the amount from which tax is to be deducted at source. There are instances where as per the Income-tax Act, 1961 tax is required to be deducted at a rate prescribed in tax treaty. However this may require foreign companies to apply for refund. To obviate such difficulties Sec. 2(37A) provides that tax may be deducted at source at the rate applicable in a particular case as per section 195 on the sums payable to non-residents or in accordance with the rates specified in D.T.A. Agreements. SOME ILLUSTRIOUS DTAA'S European Union savings taxation In the European Union, member states have concluded a multilateral agreement on information exchange. This means that they will each report (to their counterparts in each other jurisdiction) a list of those savers who have claimed exemption from local taxation on grounds of not being a resident of the state where the income arises. These savers should have declared that foreign income in their own country of residence, so any difference suggests tax evasion. Cyprus double tax treaties Cyprus has concluded 34 double tax treaties which apply to 40 countries. The main purpose of these treaties is the avoidance of double taxation on income earned in any of these countries. Under these agreements, a credit is usually allowed against the tax levied by the country in which the taxpayer resides for taxes levied in the other treaty country and as a result the tax payer pays no more than the higher of the two rates. Further, some treaties provide for tax sparing credits whereby the tax credit allowed is not only with respect to tax actually paid in the other treaty country but also from tax which would have been otherwise payable had it not been for incentive measures in that other country which result in exemption or reduction of tax. German taxation avoidance If a foreign citizen is in Germany for less than a relevant 183-day period (approximately six months) and is tax resident (i.e. and paying taxes on his or her salary and benefits) elsewhere, then it may be possible to claim tax relief under a particular Double Tax Treaty. The relevant 183 day period is either 183 days in a calendar year or in any period of 12 months, depending upon the particular treaty involved. So, for example, the Double Tax Treaty with the UK looks at a period of 183 days in the German tax year (which is the same as the calendar year); thus, a citizen of the UK could work in Germany from 1 September through the following 31 May (9 months) and then claim to be exempt from German tax (whilst still paying the UK tax). United States The U.S. requires its citizens to file tax returns reporting their earnings wherever they reside. However, there are some measures designed to reduce the international double taxation that results from this requirement. First, an individual who is a bona fide resident of a foreign country or is physically outside the United States for an extended time is entitled to an exclusion (exemption) of part or all of their earned income (i.e. personal service income, as distinguished from income from capital or investments.) That exemption is $91,400 for 2009, pro-rated. Second, the United States allows a foreign tax credit by which income taxes paid to foreign countries can be offset against U.S. income tax liability attributable to foreign income. This can be a complex issue that often requires the services of a tax advisor. The foreign tax credit is not allowed for taxes paid on earned income that is excluded under the rules described in the preceding paragraph (i.e. no double dipping). DTAA - India and Mauritius India has comprehensive Double Taxation Avoidance Agreements (DTAA) with 81 countries. This means that there are agreed rates of tax and jurisdiction on specified types of income arising in a country to a tax resident of another country. Under the Income Tax Act 1961 of India, there are two provisions, Section 90 and Section 91, which provide specific relief to taxpayers to save them from double taxation. Section 90 is for taxpayers who have paid the tax to a country with which India has signed DTAA, while Section 91 provides relief to tax payers who have paid tax to a country with which India has not signed a DTAA. Thus, India gives relief to both kinds of taxpayers. A large number of foreign institutional investors who trade on the Indian stock markets operate from Mauritius. According to the tax treaty between India and Mauritius, capital gains arising from the sale of shares are taxable in the country of residence of the shareholder and not in the country of residence of the company whose shares have been sold. Therefore, a company resident in Mauritius selling shares of an Indian company will not pay tax in India. Since there is no capital gains tax in Mauritius, the gain will escape tax altogether. The Indian and Cypriot tax treaty is the only other such Indian treaty to provide for the same beneficial treatment of capital gains. It must be noted that India has and is making attempts to revise both the Mauritius and Cyprus tax treaties to eliminate this favorable treatment of capital gains tax. The Indian government periodically checks for its DTAA with many countries and come up with amendments. To read more articles, please visit http://www.anilkumarjainca.blogspot. com or Firma w UK? Ależ tak - chce mieć firmę w Anglii!
Need cash fast? You can get a short-term loan with relative ease and little complication. High approval loans, sometimes called ?Payday Loans? or ?Cash Advance? loans, were developed and designed to help people with short term cash needs and emergencies. Getting approval for these loans are easy, but high approval may come with a high cost.
Unlike auto loans or home loans which need a wheelbarrow full of documentation, good credit, and collateral, high approval loans usually only require that you have a bank account and proof of a steady job. Collateral for your short-term loan is your job, and a bank account helps the loan company assure repayment.
Pros
High approval loans are usually used for emergency cash needs or financial crisis when money is needed fast, such as:
Fast application process ? The application process is easy and requires only copies of your recent paystubs and your latest bank statement. No credit check is requested.
Apply online ? You can apply in person at a number of convenient locations in metropolitan areas, but you can also apply online quickly and easily. You simply complete the application form with your job and bank information. The loan company will usually inform you of the maximum loan you are eligible for based on your income. Then the loan company verifies the information you provided and makes a deposit into your bank within 24 hours.
Easy approval ? Approval for a small short-term personal loan is easy. All you need is a verifiable steady job and a bank account. Applicants must be over 18 years of age, and often a minimum monthly income is required, usually around $1,000. No co-signer is needed with short-term personal loans.
Cons
Your short-term high approval cash advance loan can come with a high cost. Though loans are easy to obtain, they are usually due for full payback within a short period of time, and at an extremely high interest rate. If you are in need of a high approval loan for fast cash, consider what you may have to pay for the use of that advancement.
Strict due dates ? High approval loan companies that offer cash advances and payday loans are strict with their due dates. Many terms are dictated specifically by state regulations, however, to protect the consumer from long-term high-interest loans. When you apply for a high approval loan your term is determined by when your next payday or paydays are scheduled. Usually loan funds plus interest is due within 30 days.
High interest ? That small $200 loan could cost you over 100% in yearly interest! High approval loans usually charge approximately a 10% or 12% fee for a 30 day short-term loan. Translated into yearly percentage rates this could mean up to 144%.
High penalties ? If you miss your payback date you could be slammed with a high penalty fee. Usually $30 to $50 may be charged for missing your scheduled loan payment.
High approval loans can be helpful and an easy solution in a financial crunch. But be sure to know the cost for borrowing funds and consider whether you can afford the price of high approval easy cash. Prowadzenie spółki
If you are serious about making changes and becoming debt free, the first thing you need to do is make a budget. This is very important to help you look at all of your finances and expenses, and it will help you to stay on track. Making the choice to actually live free of any debt requires you to be very focused and careful when it comes to your spending habits. If a budget feels like a restriction, just think of it as a guide to help you. It really is just a simple list of what you plan to do with your money over the next month. This will make it very easy for you to look at your monthly income, your bills due and any extra expenses. Now is the time you could decide if you really need to eat out so often or pay to get your car washed.Making the decision to create (and stick to) a budget, is the first step in taking control over your finances. You are on your way to pulling yourself out of debt and living in a world that has a lot less doesnt mean all of the nice things and fun times are over. It is just about adjusting your lifestyle to your income, getting out of debt and finding a is a very positive step, because a budget will give you a sense of control over your finances. By tracking what you are spending each month and really looking at where it is going, it is easy to spot where it is being wasted. Now is the time to truly analyze what you want vs. what you need. Now is the time to figure out how to save money each month and focus on paying more towards your debts. Eventually you will be on your way toward saving!A budget might help you really evaluate where your money is going every month. The $3 you might spend on espresso actually adds up. Eating out multiple times a week, compared to cooking at home can really be costing you more than you realize. Dont forget to add in all of your extra expenses from shopping to nights on the town. The budget can be a real wake up call. Thats a good thing. If you start to put into perspective where your money is going, you might actually take steps to improve on your spending. It will be hard at first to really think about living debt free. This is a process that takes some time. It will require some sacrifices on your end, but they will be worth it. Once you set the budget in place you will be able to figure out where your money is going and why you have a specific amount left at the end of the consider this: When youre not following a specific budget, you tend to not know where all your money is going, and why you have so little money left over at the end of the month. A budget is only the beginning to getting yourself out of debt. You have to start somewhere and this will help you to at least get your mind in next step is deciding if you are interested in debt consolidation or debt settlement. Whatever you choose, just think about getting yourself out of debt and focus on a positive financial future! Spółka LTD jako ochrona przed komornikiem
If your major interest is information related to a home mortgage or any other such as sub prime mortgage, remortgage calculator, bad credit mortgage or exclusive telemarketing mortgage lead, this article can prove useful.
Federally Insured Reverse Mortgage: The U.S. Department of Housing and Urban Development (HUD) backs this type of reverse mortgage. This type is more commonly known as Home Equity Conversion Mortgages (HECM). The upfront costs are high, especially if the owner stays in short period of time. So, this reverse mortgage is costlier than Single Purpose Reverse Mortgage.
A balloon payment mortgage is a fixed-rate non amortized mortgage with a large final payment. Typically, the mortgage matures from five to seven year term. At the end of the term, the borrower pays final payment which is much larger than the regular mortgage payment. Hence, the final payment represents the balloon.
As the borrower pays off the mortgage, the mortgage decreases. Naturally, the coverage decreases as well. When the borrower paid in a full amount of mortgage, the coverage is gone. And, the borrower no longer needs to pay the premiums.
Don't forget that even if your immediate home mortgage quest isn't answered in this article, you could even take it further by doing a search on Google Dot Com to get specific home mortgage information.
Nowadays, it is easier to shop for the mortgage. There is good quality online Re mortgage shop. The websites contain many mortgage lenders. And, the mortgage lenders compete for potential customers.
As a mortgage broker or lender, mortgage leads are a most desired commodity. With a blend of good customer relations, bargaining power and salesmanship, a mortgage lead is quickly converted into a mortgage client.
The mortgage underwriter understands the mortgage loan qualification, approval, and pre-approval. He makes the decision if the borrower qualifies for the mortgage. If the mortgage application fails to meet the qualification level, he determines the best mortgage loan options for the borrower.
A lot of well-meaning people searching for a home mortgage also searched online for banks, no closing cost refinance, and even bi weekly mortgage calculators. Rejestracja VAT
The idea behind consolidating your bills is to reduce high interest rates and pay off delinquent payments with a loan or low interest credit card. By paying off your debt with a loan or using a low interest rate credit card to pay everything off, you can eliminate high fluctuating interest rates and get creditors off your back.
However, when you consolidate all your bills, you?re not reducing your debt. You?re simply rolling over your debt into a loan or credit card that has a lower interest rate. It will ultimately save you money in the long run but in the beginning, you?re still stuck with the same amount. And because you?re not reducing your debt through bill consolidation, you need to consider a few things.
Bill Consolidation Considerations
For Credit Cards If you use a credit card to consolidate all your bills, you need to start paying off the balance immediately, especially if you chose a credit card with a low introductory rate. The introductory period on low interest credit cards doesn?t last forever and often the interest rate skyrockets when it does. So the goal is to pay off your debt before the intro period ends. If you don?t and you only pay the minimum balance, your debt will continue to grow and you?ll never pay down your debt.
For Debt Consolidation Loans If you apply for and get a debt consolidation loan, you need to establish a plan of how you?re going to start paying down your debt. The loan will help you get out of an adjustable rate loan and have a fixed interest rate, but it won?t pay your debt for you. You need to pay your loan payments in full and on time. It?s the only way you?ll be able to pay down your debt and keep your finances out of trouble.
For Home Refinance Loan If you own a home, one way to consolidate all bills is to refinance your home.
By refinancing, you can borrow more to cover any additional outstanding debt you have. However, this can be problematic because you?re basically leveraging your home to consolidate your debt. If you default on the new refinance payments because you just can?t afford it, then you could lose your home. The same goes for getting a home equity line of credit (HELOC). So if you if get a refinance loan to consolidate your bills, be sure to keep up on all payments.
So as you can see, consolidating bills is a great way to reduce interest rates, organize payments, and get creditors off your back. However, you do need to be tactful when you consolidate your bills. Biuro księgowe Londyn
If you have a bad credit history then it becomes all the more necessary for you to get rid of debts soon or you may not be getting loans in future as your credit is in greater jeopardy. Fortunately in these days, debt consolidation has become much easier for bad credit people.
Bad credit debt consolidation allows for a single monthly payment of lower amount to be made by the debt ridden person in order to clear debts gradually. So this way you can be debt free in assured way and without feeling the burden. First of all calculate your debts with interest to be paid on them. Then you must know your actual repaying ability by subtracting regular expenses per month from income. You then arrive at an amount that you can easily spare per month for paying back debts.
Then hire a specialist firm providing debt consolidation services to bad credit people. You can contact a debt consolidation company on internet. Such companies have contacts with your creditors. The utility of a bad credit debt consolidation service provider is that it can negotiate with your creditors taking a repayment plan to them. They will have interest rate on debts reduced or even debts get reduced. For getting back debts, usually creditors agree to the repayment plan.
Under bad credit debt consolidation you are then required to make a monthly payment regularly to the consolidation service provide who will disburse the amount to your creditors. This ensures timely payment of the debts.
While shopping for a bad credit debt consolidation company, ensure it has good experience of its field. Also the debt consolidation comes along with counseling services to keep you away from debts in future. And stick to a budget to control your spending habits till debts are fully paid back. Ochrona majątku przed komornikiem
In today's economy, start up and seasoned businesses have an unique opportunity to acquire an attractive deal for any type of Garbage truck with the possibility of special financing. The first option, for the buyer, is to visit their local dealer and find his truck there. This is great place to start and obtain pertinent information that will be used later in the data gathering process. From there, it is recommended searching the internet and its mass volume of data that is available. The potential buyer can visit such sites as truck paper and truck trader etc to view thousands of listings of trucks available across the United States. He is able to sort and sift through this vast data and should be able to find a truck, in any city and/or state across the U.S, that meets his acquistion requirements. Once he has located a source of trucks available to him, he is able to contact these sellers and negotiate a deal that might be able to meet his needs. Once he is agreed to a price and its particulars, his next hurdle is to find adequate financing in today's complex lending world of this commodity.
The type of Garbage trucks we are identifying for this article is the following:
Front End Loaders, Side Loaders, Refuse Trucks, Rear Loaders, Hooklifts, Recyclers, Containers, Truck Bodies, Containers, Compactors, Trash Truckers, Waste Collection Vehicle
Some manufactures for the garbage trucks include Peterbilt, Kenworth, Volvo, Mack, Freightliner, McNeilus and so forth
Today, the financing arena for Garbage trucks has become much smaller, especially for over the road trucks.. Lenders, in the past, that use to finance this niche market have either pulled their portfolio funds out of this area or have modified its lending requirements. It is not unheard of today that a start up business must commit to a down payment of between 10% - 30% of the acquistion cost of the Garbage truck to enter this market. The seasoned business with good credit might be able to get in as little as one payment down plus documents fees but must have either A or B Credit. Other seasoned businesses that don't meet these credit requirements, may be required to put up 10-20% down or either put up additional collateral as their credit scores fall below 600. Most buyers don't enjoy these tightening financial requirements, are locked out of this market, and will start looking for alternatives that are available due to market conditions. In addition to the market requirements of substantial monies due upfront, the conventional lender has modified his risk/reward factor for the failure and possible repossession of these trucks. Therefore, the rate and/or interest factor that the lender charges has gone up making it a bigger challenge to complete the financing end once the want to be buyer locates his acquisition....
As the economy has weakened due to market conditions, including diesel gas reaching $5.00 or more per gallon in the past in certain states, the route of conventional financing has changed as we know it. The lender has acquired another problem that makes their equation a little more complicated. In the past year as the price of food has gone up, the real estate markets have taken a toll for the worse and other world factors have caused the banks to be more unstable, the trucking industry has become more volatile. As the increase of defaults on the payments of Mack and all other trucks have risen to all time highs, the lenders have been taking back these trucks by the droves that are earmarked as repossessions. This has caused a problem with normal lending practices and trying to balance it with a non producing income portfolio. If these lenders don't act swiftly and prudently, the combination of these two type of portfolios can be devasating to the lenders' bottom line. A third factor to consider is the off lease truck. These trucks are being returned to the lender and they must act accordingly with this third factor.
By definition, a Garbage off lease Truck has been returned to the lender as the lease has expired. The lessee has made a decision to return the item in lieu of exercising the buyout option. A repossession is different than an off lease because it has arisen due to a default of the lessee for non payment terms or a violation of the terms of the lease. Either way, the lender has taken these trucks back and/and now must recondition these trucks and either sell these trucks or re-lease them.
The lender can either advertise their off lease and repo inventories through their internal sales force, trade journals such as truck paper, truck trader etc or utilize outside professionals such as brokers to move their inventories as quick as possible. Sometimes, as these inventories either sit or whatever reasons aren't moving, the lender will put these items up for auction. At the present time, the lenders have two different types of financing portfolios to consider and must act accordingly. Normal lending on new business deals still require stringent lending practices based upon the credit markets and the risk/reward factors lenders perceive out there in the financial markets. The second type of portfolio, for the off lease and repos, require possibility a more lenient approach to liquidating their inventories prudently and recreating the income stream for the lenders. This will be discussed below.
Today, some of the lenders in the financial market have advertised personal credit qualifications as low as 600, prior bankruptcy rules amended or ignored, and start up businesses welcome. Additionally, the front money to commence a lease can start as low as first payment only to whatever you might able to negotiate. Some of the lenders have application only programs up to $250,000. There are no financial statements, income tax returns or bank statements required. Additionally, some lenders may defer some of payments to get the semi trucks financed. The buyout clauses on these over the road trucks can range from a $1.00 buyout to 10% to 20%, Trac leases to possible fair market value buyouts. One should understand these clauses because they have an impact on the passing of title. These favorable financial arrangements by the lender has stimulated the buyers wants and needs to either enter the trucking industry as an owner operator and/or possibility an expansion of a existing business. First Time buyers, whom were locked out of this market in the past, now has an unique opportunity to earn more revenue by acquiring a Garbage truck for himself. A $50,000 over the road Garbage truck might require as little as $1400 down to commence the financial obligation. Other lenders that might have required up to 30% down in the past might accept as little as 10% to acquire one of their repos and/or off leases.....Additionally, some lenders may offer favorable monthly payment terms vs standard lending to acquire their off lease and repos vs. the buyer looking to acquire a truck at a dealership..
In conclusion, this is a buyer's market for Garbage trucks. One should evaluate all the factors relating to this acquisition including gas costs, air emissions, environmental type requirements., buyout clauses acquisition costs and its related financing. Additionally, there are two distinct financing markets out there, one for the normal acquisition from the dealership and the possibility of acquiring a repo and off lease from a lender at favorable market and financing terms. As always it is advisable, if possible, to locate financing prior to truck shopping, it could save a lot of time and stress.
I'm certain that you have heard a lot of buzz about the the Forex Mentor course or about its developer, Peter Bain. If you are one of the few who hasn't, then its time to pay attention.
In this instance, I am thrilled to mention that there are products that actuall live up to the hype. Bain offers one of the most complete courses that has ever been made.
But its a lot more to it than just that.
The whole idea that Bain wants to get accross is the fact that it makes no difference what kind of experience you have in the forex market. anybody can be a success. All you need to do is take the right steps.
The entire Forex mentor course is like a forex college. Its important to know that this does take some time. This is not like a forex robot that can do all the trading for you. You are going to have sit down and learn what Peter Bain has to show his students.
The unbelievable amount of educational materials that Bain has come up with is mind blowing.
First, you get the instructional manual, called How to Trade Currencies Like the Big Dogs which outlines the course as well as the trading system that you will be learning.
The next thing you'll be getting are the 10 CDs for you PC, which you use as another learning material to go a long with your book. The best thing about the CDs are aall the examples you get. Bain goes over hundreds of trades that he has taken, and more importantly he goes over why he took them.
Bain also has his Forex Supplementary Guide, which is a guide that goes over the ABCs of forex trading. Its perfect newbies.
Everybodys favorite part of the course has to be the 2 DVDs of Bain trading live. He takes trades based on the same exact methods from which he taught in the course. This is crucial for those that are little hestiant to trade with live money.
The cherry on the top is that you have access to Peter Bain's membership for free for 4 months. You'll learn so much from using it.
The perk of the membership site is that he talks about the trades of the day, so traders can spot the ones that they missed but should have taken. By following Bain's trades, you'll instantly become a better trader, because you will know the right and wrong reasons to take a trade.
He even has a daily and question and answer session in which he answers any questions that any of his subscribers have.
You can get the online version of Forex Mentor which is $349, or the offline version which is a little more expensive. Rejestracja Spółki Ltd
If you have a family or loved ones who look to you for financial stability and who would be severely affected financially by your death then you owe it to them to make provisions for keeping them financially secure should you die.
The best way to do this, of course, is through a life insurance policy.
Before we look for ways to save money and get discount life insurance in Missouri let?s quickly review the two basic types of life insurance that you can buy: Whole life and term life.
Term life insurance is good for only a select number of years ? the term of the policy. Once the term of the policy runs out, you must purchase additional insurance.
Whole life insurance, on the other hand is good for your whole life ? plus a whole life policy generally builds a cash value over time, which can be easily borrowed if the need arises.
When you initially purchase a term life policy it will have a lower premium payment than a whole life policy. However, when it comes time to renew your term life policy you will have aged and you will now be required to pay a higher premium than you did the first time.
The premium payment for a whole life policy, on the other hand, remains the same for your entire lifetime.
No matter which type of policy you feel is right for you and your family there are a few things you can do to help keep premium costs down.
First, don?t smoke or use tobacco products. If you currently smoke ? stop. If you are overweight do whatever you can to lose weight. The healthier you are, the lower your life insurance premium will be.
Keep your credit rating in good order. It may seem odd, but the fact of the matter is, the better your credit rating the lower your life insurance premium.
If you have a dangerous job or if you drive a high-performance vehicle your rates will undoubtedly be higher than if you didn?t. Consider making whatever changes in your lifestyle you can in order to bring down the cost of your health insurance.
Next, get online and begin comparing policies and prices on several of the websites that are designed to help you find the best deal possible on discount life insurance here in Missouri.
It would be great if you could simply enter all of your information into one form on one website and be done with it ? but if you really and truly want to find the best possible deal on discount life insurance then that simply is not an option.
Since each life insurance comparison website only looks at a handful of life insurance companies, the only way for you to really compare prices from a large number of companies is to take the time and effort to enter all of your information onto the form on at least 3 different websites.
It?s a lot of work, but once you are finished you will know for sure that you have found the best deal possible and saved money on discount life insurance in Missouri for years and years to come. Rejestracja Spółki Ltd Oraz Oddziału W Polsce
