Qiwi intends to hold SPO
Qiwi PLC payment system intends to place the second part of depositary shares on the exchange. Experts and traders were waiting for this step, so the news on the market…

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Dummy for a million, or strange lots
“To sell something unnecessary, you need to buy something unnecessary,” the hero of the legendary Soviet cartoon used to say. Auctions on the Internet have become an excellent platform for…

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Twenty Seven Rules of Finance Today
1. Spend less than you get If there is a key fundamental rule of financial management, then this is it: your expenses should be less than income. You MUST follow…

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Banks slip on their own cards

From January 1, the Federal Law “On the National Payment System” will enter into force. The document has claims from the banking community. The project involves obliging banks to return to the client funds withdrawn from a bank card without notice. Bankers predict an increase in fraud, experts expect a rise in the use of non-cash.

The bill “On the national payment system” was developed by the Ministry of Finance and the Bank of Russia in September 2009. The national payment system should become a competitor to the international payment systems Visa and MasterCard in Russia. It has been suggested that the national system could be created on the basis of the URPS, the United Russian Payment System, launched in 2005 by the Central Bank. However, it, like other Russian systems, still occupies too small market shares. In addition, during the readings from the bill, a fundamental point disappeared, obliging the largest operators of the Banking system of the payment system to create processing centers in Russia.

From January next year, the norms of the law “On the National Payment System” should also come into force, according to which banks will be required to return all funds on all disputed transactions to their customers’ cards within 24 hours. 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 decide where and how we apply it. Let’s try to use these 10 steps in order to make a long-term peace between us and money:

1. We clearly define our financial capabilities. The longer we ignore our finances, the more frightening and confusing things will become. We will make a list of all our annual income and expenses and carefully look at where we are now.

2. We control our debts. Given the circumstances of life, it is better to be without debt than with them, and the point here is not even the money itself. Uncontrolled debt can turn into an expanding black hole that will eagerly absorb everything. Continue reading

Trust relationships, their goals and key benefits. Why trust is the best solution for KIK

Entrepreneurs conducting activities not only in the national but also in the global business field have been forced in the past few years to adapt to the requirements of the updated legislation of the Russian Federation. First of all, we are talking about standards stipulating the work of controlled foreign companies. The adopted law expanded the range of tax residents of the Russian Federation and obliged all firms managed by Russians to pay taxes to the state budget. In this regard, the question arose of finding alternative tools for financial optimization and asset protection.

Entrepreneurs are forced to notify the tax authorities of the Russian Federation about their participation in companies established abroad. Sanctions for neglecting the requirements of the Law – 50 thousand rubles for each of the external companies (according to the Tax Code of the Russian Federation, article 129.6). However, if a Russian resident participates in a structure that does not form a legal entity, he may not submit information to the tax authorities about this. To take advantage of the disclaimer of norms, the following condition must be observed: participants must not belong to the founders and / or persons who control the structure and distribution of its profit. Continue reading

Gold remains a reliable asset
The market of precious metals after the New Year surprises with its diversity. The search for fallback options for traders and investors leads to a natural increase in gold and…

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Bookkeeping for beginners
What are the principles of the organization’s accounting? How to properly build her work? Probably, any aspiring businessman who decided to open his own company, but who did not have…

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60 quotes overheard on Wall Street
The most accurate statements, overheard in the elevator of the most famous investment bank, from people who own almost all the money in the world There is a person on…

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Banks are ready to work online
On Tuesday, the Association of Russian Banks presented its updated Internet portal, which significantly expanded the capabilities of customers in the field of interaction with domestic credit organizations. Now users,…

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