Archive for the ‘taxation’ tag
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Accounting Financial Statements
Basic Financial Statements consist of a Balance Sheet and the Income & Expense Report aka Profit or Loss Statement
Roger Conrad – 2.29.08 – Canadian Edge
Personal Finance: There are some major issues affecting Canadian income trusts as we move into 2008. 2007 was a year of unprecedented stress tests for this group, not just the change in the taxation which will kick in in 2011 but also the weak natural gas prices, the strong Canadian dollar which hurt exporters to the US and finally the US credit crunch and slowing economy which, historically, has been very disastrous for Canada… … Canada income trusts taxation 2011 natural gas prices oil …
The financial crisis at the local level
More at therealnews.com In the third segment of Senior Editor Paul Jay’s discussion with Leo Panitch, Leo explains how the credit crunch will affect state and municipal governments. Leo points out that the Great Depression had its roots in the bankruptcy of state and municipal governments, offering that in such a situation the national government must intervene to keep the states and municipalities solvent. Leo advocates for a hybrid of increased taxation and deficit spending to finance this …
