I came across a fascinating Journal article that I had bookmarked before in 2013 on banking crises in Canada and the US. Since 1790, the United States has suffered 16 banking crises. Canada has experienced zero — not even during the Great Depression. Source: Why Canada Can Avoid Banking Crises and U.S. Can’t, WSJ, Apr 9, 2013 From …
*** UPDATE: For the latest Dividend Withholding Tax Rates click : Dividend Withholding Tax Rates By Country 2022 Dividend Withholding Tax Rates is an important to consider when investing in foreign stocks for US-based investors. These taxes vary by country and can be as high as 25% or more or as low as 0%. The following table …
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The The collapse of the City of Glasgow Bank (CGB) collapsed in October 1878. Before the recent financial crisis, it was the largest commercial banking failure in the United Kingdom. When the bank collapsed shareholders were wiped out. In those days, the public helped out these investors by collecting donations. This is unthinkable today…. Here is a receipt for a donation …
Continue reading ‘Donation for Wiped Out Shareholders of City of Glasgow Bank in 1878’ »
Income growth is highly uneven between poor, middle and rich Americans. Technological advances and increases in productivity have not helped the working and poor sections of the population. Instead much of the wealth created have largely gone to the upper middle-class and the top 1% of the society due to state policies, laws and tax …
Continue reading ‘Real Income Of Upper Middle-Class Americans Is Growing Strongly’ »
Most major developed countries charge some of taxes on Financial Transactions. After the Global Financial Crisis(GFC) of 2008-09 some of the countries introduced new taxes in an effort to discourage rampant speculation. However the Financial Transactions Tax(FTT) has been a failure in some countries such as Sweden. The FTT varies widely between countries and also …
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