Germany Waves Bye to Costly Wall Street Tax Scheme

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Naysayers and Doctors of doom were busy stating that all Hell was breaking loose in China. What many of these penguins failed to understand or even realise is that there are many reasons China’s reserves were dropping.

The reserves are in worthless Dollars; China wants to diversify so it was moving money out of dollars and into Gold and other tangible assets. They don’t want to hold onto worthless paper that the Fed can create whenever it so wishes
China could have been paying down debt; another way to put this money to good use, instead of holding it while the U.S continues to inflate the supplies of dollars at a mind-boggling rate
Finally, Money was being deployed into new infrastructure projects. Again this is another way to put this money to use. Improving a nation’s infrastructure creates Jobs and provides a great rate of return over the long run. look at the U.S the infrastructure is falling apart. With the passage of each, it looks more like a 3rd world country and this is costing the economy billions of dollars China dumping worthless dollars & buying Gold bullion

Germany Waves Bye to Costly Wall Street Tax Scheme

Big banks have to wave goodbye to this tax avoidance scheme; loopholes made it legal but now that loophole appears to be closed and they will have to fork out an extra 15%

The German Parliament voted Thursday to end a trading strategy that helps foreign investors, many of them Americans, avoid an estimated $1 billion or more a year in taxes on dividends paid by German companies.

The trades were exposed in a joint ProPublica investigation last month with The Washington Post and German news outlets Handelsblatt and Bayerischer Rundfunk. The report prompted widespread outrage among German lawmakers, some of whom called the manoeuvre “criminal.” propublica

Interesting perspectives

Germany Waves Bye to Costly Wall Street Tax Scheme

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