The Malta Financial Services Authority (MFSA) is the solitary regulator for financial services activities in Malta. It regulates and supervises credit and financial institutions, investment, trust and insurance business and homes the country’s Companies Registry. The MFSA issues guidance notes, screens local and international developments, works together with relevant celebrations on legislative matters and plays a significant role in training. It stimulates high criteria of compliance and runs a consumer affairs device.

Life insurance proceeds to take pleasure from unique treatment under Canada’s Income Tax Act, in contrast to almost every other financial investment (stocks, bonds, GICs, real property, cryptocurrencies, other collection investments, etc.). Why would a business owner want it? Companies use corporate-owned life insurance coverage as a tax-effective way to build up passive wealth in the ongoing company, to access that wealth tax-free and to transfer it tax-free to surviving beneficiaries. It can also be used to invest in buy-sell contracts when other shareholders are participating. The Problem: Businesses usually make investments retained income or surplus cash in taxable investments. This usually occurs when the business enterprise owner doesn’t need the extra income and has a higher marginal tax rate than their business.

They take benefit of the low corporate and business tax rates on active business income by saving cash in their corporations, if they don’t require it for personal purposes. This accomplishes taxes deferral only. Eventually these assets will come from the company and become taxed at high dividend tax rates.

The Solution: Invest some of … Read more

With the risk of North Korea always on their mind, defense spending shall continue to be a continuous burden and a drain on government coffers. Interestingly, South Korea has switched from giving rice to giving barley to North Korea, and there is an interesting logic to the. Rice can be stored, but barley cannot. Therefore, doing this is to push the North Koreans to spread the barley to its people, rather than store it to support the military services. There is a lot logic amidst the madness.

In as far as unification can be involved, it is most not on the credit cards under present circumstances definitely. One school of thought is that only if the North develops its economy and becomes more prosperous, will unification probability become more realistic. The thinking is that if the public people of the North starts to enjoy a life of prosperity, will it ever want to go to battle still? Therefore, the best wager is for the North to be influenced by China as the later becomes increasingly affluent.

Having experienced early winter in North Korea, I must attest that it is actually unbearable to be out in the open. Even with four layers of cloth on, headgear, glove, and scarf, I had been freezing cold still. With the temperature swings from 0 degrees Celsius on one day, and -10 another, the extremities are severe really. Let alone going to war under such drastic conditions.

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