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…

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Forex Club: optimism leaves the markets
The US dollar has been trading in different directions over the past week due to the lack of significant macroeconomic events and statistical reports. The euro felt more confident in…

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Google is ahead of the rest ...
Google is ahead of the rest ... Google is breaking records. According to the company's quarterly report, for the first time since its inception, its revenue exceeded $ 50 billion.…

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market-based interest

Ministry of Finance is preparing a new blow to business

The Russian Ministry of Finance proposes to prescribe in the Tax Code the maximum allowable interest rates on corporate loans. Thus, the ministry expects to simplify tax accounting and avoid the situation when companies take such expenses into account when calculating income tax. Amendments may enter into force in 2015.

According to Izvestia, the Ministry of Finance of the Russian Federation is now working on amendments to Art. 269 ​​of the Tax Code, according to which the rules for accounting for expenses on loans will be revised. The Office proposes to prescribe the maximum allowable interest rates on corporate loans, the costs of which can be taken into account when reducing the base for calculating income tax.

The director of the Department of Tax and Customs Tariff Policy of the Ministry of Finance Ilya Trunin explained that these amendments will become a reference point, according to which the rules for accounting for expenses on loans will be revised. Continue reading

Credit treat for scams
Lending to individuals is growing faster than the corporate borrowing market. In April, the volume of money issued to Russians for personal needs increased by 3.8 percent compared to 2.4…

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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…

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Banks are ready to work online
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It's time to hold the horses on the lending market
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