Family Financial Connections archive
Date: November 2016

11/14/2016

Peru Government To Propose Greater Business Taxes

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LIMA Perus government will provide a bill to raise taxes on business profits in order to lower sales taxes and boost the economy, Financing Minister Alfredo Thorne stated on Wednesday.

The effort belongs to a package of procedures that recently sworn-in President Pedro Pablo Kuczynskis federal government plans to propose to an opposition-dominated Congress.

Taxes on corporate revenue are currently at 27 percent in the minerals manufacturer and, according to a law signed by former President Ollanta Humala, ought to fall gradually to 26 percent in 2019.

In 2014, the business income tax rate was 30 percent.We are asking …

to increase the earnings tax, Thorne informed reporters after a Cabinet meeting. He stated the increased profits

might fund part of a one percentage-point cut in sales taxes in 2017, another step Kuczynskis government will propose. That tax is currently 18 percent.Kuczynski, a centrist 77-year-old previous financial investment lender who took workplace previously this month, says lower sales taxes are central to his plans to modernize Peru by motivating small organisations to pay taxes. But lawmakers with the right-wing celebration of his beat competitor, Keiko Fujimori, have knocked the reform as a drain on federal government earnings. Thorne likewise stated the steps would help increase the number of tax factors by bringing small business into the official economy.The wealthiest pay more, and that method we decrease taxes on the middle class, he stated. We are going to make it so that the economy grows based on a boost in usage and financial investment in small and medium-sized

business, he said.(Reporting by Marco Aquino; Composing by Caroline Stauffer; Editing by Jonathan Oatis)


11/11/2016

Does Racing Affect Your Car-Buying Decision? Survey Says: Perhaps

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Does Racing Affect Your Car-Buying Decision? Study Says: MaybeSurvey says works a lot better if you think of Steve Harvey or Richard Dawson stating it on Household Feud.


11/09/2016

Carvana Broadens Online Car Buying Service To Houston

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Carvana Broadens Online Car Purchasing Service To Houston

Phoenix, Arizona-based Carvana, which runs an online-only, pre-owned vehicle dealer, says that it is broadening its service into Houston, Texas. Carvana stated it will provideprovide next day delivery of vehicles to consumers within a 100-mile radius of the Houston city center. Carvana had actually released into another, Texas market, Dallas, back in May. Carvana states it now has a physical existence in Atlanta, Birmingham, Dallas, Charlotte, Nashville, and Houston.


11/08/2016

Are These Outdated Automobile Buying Misconceptions Costing Consumers Loan?

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Lots of cars and truck purchasers go to their favored online search engine for tips and advice when it comes time to acquire or fund their next automobile. Inning accordance with one automotive blog, this practice might be costing consumers money.

The guys over at Jalopnik, a popular automobile news and opinion blog site, just recently ran an article that took an appearance at some of the most typical automobile buying ideas circulating on the internet. They think that a lot of this suggestions is too broad and got to work unmasking a few of these misconceptions.

3 Cars and truck Purchasing Misconceptions

Jalopnik believes that the following automobile buying myths get tossed around too oftenfrequently and are blanket statements that do not use to every buyer.

1. Never ever Buy New

The old adage: Personal financing pundits nearly always advise buying used over new because new vehicles depreciate so quickly. For that reason, a used automobile usually represents the much better value.

Why it’s a misconception: The reality is that the prospective savings are dependent upon the car, the purchaser, and the marketplace.

This kind of statement is way too broad and too basic to use to every scenario. When comparing new vehicle rates to utilized, think about that brand-new vehicles frequently come with discount rates, usually through incentives from the automaker. These merely aren’t available in the used-car market.

As for depreciation, it has no affect on owners who planintend on driving the car till the wheels fall off. Plus, specific cars and trucks keep worth with time much better than others, and need is various in various areas.

Likewise, upkeep and repair work expenses are typically higher with utilized cars and trucks, while new cars included warranty protection.

The bottom line: A pre-owned cars and truck choice is right for some individuals, while a new car might provide more value to others. Due to the fact that buying a vehicle is such a huge purchase, some people will find that spending a little more for the ideal new vehicle is often beneficial.


11/05/2016

Chinese Purchases Of Hong Kong Insurance Coverage Surge To Record

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Hong Kong’s insurance coverage sales to Chinese citizens more than doubled in the 2nd quarter to a record even as China’s regulators took further actions to limit purchases of the products, which can work as a method to avoid the nation’s capital controls.Mainland purchases

of insurance and associated financial investment policies in the three months ended June climbedreached HK$ 16.9 billion ($2.2 billion) from HK$ 7.1 billion a year earlier, inning accordance with numbers obtained from first-half figures reported Wednesday by the Office of the Commissioner of Insurance coverage in Hong Kong. That compared to the previous high of HK$ 13.2 billion in the

< meta itemprop = suid content = O81A3I6KLVRF > very first quarter.For the very first half of the year, sales to Chinese locals totaled up to HK$ 30.1 billion, or 37 percent of new private premiums in the city. That compares with 34 percent for the very first three months of the year.



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