Counterfeiters prefer larger
The problem of counterfeit money circulating on the territory of Russia, before the Russian law enforcement officers is quite acute. In 2013, the total number of fakes discovered by the…

Continue reading →

10 options to invest in
1. Investing in yourself By investing in yourself and your knowledge, you increase your value in the market. However, there is one trick. By gaining only knowledge and not putting…

Continue reading →

How to make peace with money
Do not like to think about money? It seems like everyone around is cleverly managing their money, everyone but yourself? The truth is that money is a tool, and we…

Continue reading →

among users

1 2 3 7

One wallet is good, but many are crowdfunding!

What unites the Eiffel Tower, modern Internet startups, the election campaign of Barack Obama and the feature film “Iron Sky” The energetic civilization of the Sun? The idea of ​​crowdfunding, or public co-financing, which was used to accumulate the necessary funds. This year, this new old way to attract finance is booming.

Crowdfunding comes from the English crowd funding, crowd – “crowd”, funding – “funding”. The idea is that anyone can chip in money for a particular project that aroused interest and a desire to participate in it financially with possible subsequent payment in the form of money, a share or a free unit of the product being produced.

Most organically, this idea is woven into the media business, whether it be music, cinema or other forms of mass cultural entertainment. And the maximum commercialization of this market, which makes it almost impossible for any creative character or product to go out into the world without the notorious connections and involvement in existing business configurations, has made the idea of ​​crowdfunding megapopular. Continue reading

Private sector hides money offshore

From 21 to 32 trillion dollars are hiding from taxation in various regions of the world and bank accounts. In total, about 10 million people use offshore accounts to hide funds. These figures appear in a report by James Henry, a former economist at McKinsey & Co consulting company, prepared for the Tax Justice Network.

Of the total amount of $ 32 trillion, about half are for 100 thousand people. Tax fees of $ 32 trillion could amount to up to $ 280 billion annually. When evaluating tax evasion, James Henry only considered financial assets. Real estate, luxury goods, yachts, etc. were not taken into account, RBC reports citing an economist report.

According to the report, the official data of the IMF, the World Bank, the UN and the central banks of various countries of the world were used for calculations. “From an economic point of view, the private sector is a black hole,” the report concludes. In addition, it is emphasized that a global banking conglomerate, represented by such structures as HSBC, Citigroup, Bank of America, UBS, Credit Suisse, is involved in fund-raising operations. Continue reading

Collectors ran into the law

The bill on collection in Russia is subject to change. This initiative was made by the Prosecutor General, who has to process a shaft of complaints from citizens about illegal actions of collectors. According to the Prosecutor General, the sphere needs to be licensed instead of the previously planned creation of a self-regulatory institution.

The volume of overdue monetary obligations of citizens to banks reached 310.2 billion rubles. By July of this year, collectors had sold overdue debts worth more than 86 billion rubles. Over the past year, the cession market has grown by 30%. In 2011, we bought debts of 78.7 billion rubles, while in 2010 the total amount was 60.2 billion rubles.

A separate law that would govern the implementation of collection activities in Russia does not exist. So far, only the bill “On the collection of overdue debts”, which is being developed by the Ministry of Economic Development of the Russian Federation, is in force. However, he has not yet entered either the government or the State Duma. According to the latest edition, a self-regulatory organization should deal with the control of market participants. Continue reading

1 2 3 7
LIBOR: time to change bets
The key LIBOR rate for credit markets is going to be modernized. City of London, New York Wall Street and regulators on both sides of the Atlantic are seeking a…

...

"Banks of time" crowd out money
"Banks of time" crowd out money While economists around the world are wondering if the second wave of the crisis will cover us, the townsfolk are coming up with their…

...

LIBOR: time to change bets
The key LIBOR rate for credit markets is going to be modernized. City of London, New York Wall Street and regulators on both sides of the Atlantic are seeking a…

...

Eurozone has found a way out for Cyprus
The economic situation in Cyprus improved after the Eurogroup decided to provide Nicosia with financial assistance in the amount of ten billion euros. According to experts, the acute phase of…

...