Stamp duty land tax or SDLT is a tax paid when purchasing property or land across England, Northern Ireland and Wales. A separate Land and Buildings Transaction Tax now applies in Scotland... Read Full Article »
Canada's Finance Minister, Bill Morneau, said last month that Canada would not be rushed into responding to the tax reforms just enacted in the United States until the implications of the measures have been fully worked out... Read Full Article »
It's not fair, is it, at least not judged from the perspective of say a jobless Greek or Italian home owner, that the United States real estate market seems to be back in rude health less than five years after mortgage-linked CDOs nearly brought the global house of financial cards crashing to the ground. Yet the picture in the US looks more positive than it has done than at any time in the last five or six years: metropolitan area median home prices continued to rise in the first quarter of 2013, with the national gain showing the best year-over-year performance in over seven years, according to the latest quarterly report by the National Association of Realtors. Read Full Article »
Recommendations are not action, so it is with hesitation that I award Italy a star for proposing a sweeping reform of small business start-up procedures. The problem is that, like a ship's hull after 30 years in the water, Italy's polity is so encrusted with regulatory barnacles, rights and privileges, and the trade unions are so intertwined with big government, in all the nastiest senses of the word, that it a devilish job just to know where to start. In fact the problem goes way back: Italy was a founding member of the EU in 1952, so there has been 60 years for the Brussels gravy train to infect and undermine economic sanity in all branches of the Italian state, not just in the mezzogiorno (the south). Then there's the mafia, under its various names, and we all know how they react to any attempt to take away their patrimony. So, fingers crossed, and good luck to Mr Monti, who knows what to do. But don't hold your breath! Read Full Article »
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