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Category Archives: Financial Articles

Links Aug 5

South Sudan???s new government must quickly enact oil law Global Witness

Ghana loses $4.9b in extractive industry within 38 years Ghana Business News

Kenya: Konza City offers bag of goodies for ICT park investors Business Daily
“The government is offering a raft of tax incentives for investors putting up capital at Konza Technopolis as it seeks to leverage the take-off of Kenya???s planned premier city.

Belgium tightens laws on development finance and tax havens Eurodad

Obama???s tax plan a bad bargain for small business The Hill

UK: Mandarins face sack after refusing to answer tax questions The Telegraph
“More than 100 senior civil servants employed ‘off-payroll’ are refusing to reveal how much tax they pay, in defiance of orders from the Treasury.”

Argentina: All crazy about the dollar Perfil (In Spanish)
Hat tip: Jorge Gaggero

The Distributional Effects of Fiscal Consolidation IMF
Hat tip: New Rules for Global Finance

A Recovery for All: Rethinking Socio-Economic Policies for Children and Poor Households Unicef

Uzbek leader’s daughter linked to money laundering South China Morning Post

Mukhtar Ablyazov, the Kazakh fugitive, found guilty of ??2.6bn fraud, wanted by Russia, sued in London, finally captured in France The Independent

Robust Housing Market in Edmonton in July

The??REALTORS?? Association of Edmonton released their monthly report on the Greater Edmonton area real estate market today showing stats are up in all categories on a year over year basis. Sales in the region were up nearly 25% – there were 1875 sales in July, compared to 1502 last year and 1897 last month.??

???These are the highest figures for July that we have seen since 2009,??? said Association President Darrell Cook.?????Edmonton has jobs, housing options, and an economy that is attracting newcomers to the city and ensuring that current residents have an appealing lifestyle.???

The overall average residential sale price was $350,726 in July, up 3.3% from last July ($339k). The median sale price was $335,000, up from $325,000 last year.

There were 5,834 homes available on the market at the end of July, down from 6,248 last year.

There were 2543 new listings in July, up from 2411 last year.

Read more…

Credit Repair- Tips to Rebuild Your Credit History

You have probably experienced some financial misfortunes that left you with major credit trouble or have just discovered that you have a debt problem. These situations present some of the most common credit problems. Fortunately, there are techniques you can employ to repair and rebuild your credit history. Firstly you should understand that it is important to build a good credit score and maintain it once you have repaired it.

Below are some vital tips that can help you carry out successful credit repair:

The first step in your credit repair efforts should be to check and correct any errors in your credit report. About 70% of credit reports have various errors and there is therefore a good chance that yours may have some errors too. Request for a free copy of your credit report and review it for any inaccurate information.

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ActionAid’s Tax Power campaign: going global

“In July ActionAid has increased its efforts in the fight for tax justice by the launch of the Tax Power! Campaign. This effectively enlarges the campaign thatActionaid?? have run in a couple of countries for 5 years to almost 20 more countries. The following ActionAid offices have or will be launching ActionAid???s Tax Power! campaign; ActionAid Bangladesh, Actionaid Ghana, Actionaid Kenya, ActionAid Mozambique, ActionAid Nigeria, Actionaid Uganda, Actionaid Zambia, Actionaid Australia, ActionAid Denmark, Actionaid Netherlands, Actionaid Sweden, ActionAid UK, and Actionaid USA – with more countries starting activities throughout 2013.

With this campaign we are joining people in poor communities to stop corporate tax dodging, end tax breaks and demand tax transparency to make sure that enough public funds are available to finance and invest in gender responsive and progressive public services.

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Edmonton Real Estate Market Weekly Update, July 5/13

Here is our update on the Edmonton real estate market. (Previous week???s numbers are in brackets). For the past 7 days:

New Listings: 393 (464, 531, 547)
# Sales: 272 (333, 340, 373)
Ratio: 69% (72%, 64%, 68%)
# Price Changes: 265 (282, 327, 304)
# Expired/Off Market Listings: 311 (130, 131, 121)
Net loss/gain in listings this week: -190 (1, 60, 53)
Active single family home listings: 2801 (2897, 2906, 2889)
Active condo listings: 1944 (2040, 2040, 2030)
Homes 4-week running average: $407k ($412k, $412k, $413k)
Condos 4-week running average: $258k ($253k, $252k, $246k)

New listings really dropped off this week, could be the timing of the long weekend, could be that sellers figured if they didn’t sell by now they might as well wait and try again next year. Luxury condo sales continue….

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Links Jun 27

Global investment falters but tax havens prosper, U.N. finds Reuters

Swiss Parliamentary Committee Backs FATCA IGA Tax-News

Administration, Congress Trying to Give Gensler the Brooksley Born Treatment over Derivatives Reform naked capitalism
See also earlier TJN blog Derivatives WMD: lobbyists seeking to remove ‘burdensome’ safety catches

Vodafone Asks For More Time On Indian Dispute Tax-News

Arrest threat to journalist pacific.scoop
“The arrival of investigative journalist Nicky Hager and his upcoming talk on the Cook Islands as a tax haven has upset the financial services industry, to the point of making veiled threats to arrest him.

Australian Taxation Office chief warns on profit shifting Sydney Morning Herald

Can the OECD Be Trusted on Base Erosion? Read more…

Edmonton Real Estate Market Weekly Update, June 21/13

Here is our update on the Edmonton real estate market. (Previous week???s numbers are in brackets). For the past 7 days:

New Listings: 531 (547, 606, 505)
# Sales: 340 (373, 337, 316)
Ratio: 64% (68%, 56%, 63%)
# Price Changes: 327 (304, 353, 309)
# Expired/Off Market Listings: 131 (121, 236, 148)
Net loss/gain in listings this week: 60 (53, 33, 41)
Active single family home listings: 2906 (2889, 2839, 2759)
Active condo listings: 2040 (2030, 2011, 2008)
Homes 4-week running average: $412 ($413k, $414k, $413k)
Condos 4-week running average: $252k ($246k, $238k, $238k)

The average price of condos continues to rise. There has been an increase in the number of high end condo sales, which appears to be affecting the overall average.

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