19 April 2016 | |
Almost every country in the world including the US, subjects its residents to taxes. The question most taxpayers have on their mind is what tax rates apply in their country of residence. If you've been following the Panama Papers hype, then you probably know that some of the world's wealthiest...
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Andreas Dombret, a Bundesbank board member, said on Monday that the European Central Bank (ECB) must axe the so-called "zombie banks" that have more bad debts than good assets on their books. The zombie banks are the undead remnants of the financial crisis of 2008. Dombret said they have been...
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How long did it take you to file your taxes this year? How much did you pay for tax preparation services? According to the IRS, the average American taxpayer spends 13 hours preparing their annual return and will pay about $200 for tax preparation services. That doesn't sound like much, but taken...
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Fannie Mae and Freddie Mac are two large federal government-sponsored enterprises (GSEs) which insure home mortgages. They are also the subject of a law suit filed by their domestic and international shareholders and currently being argued in federal appeals court. The suit appeals a federal...
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Credit cards are as American as apple pie, and like the classic dessert, they are holding their own against an onslaught of imported and homegrown rivals. Citigroup has released a new comprehensive report detailing how financial technology is poised to disrupt established banking and financial...
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