Though you might not initially think of the Gold Rush when thinking of pokies, it is easy to see why this is a game theme that developers love to explore.
The Russian government could achieve its goal of de-dollarizing the economy by taking one simple step: dropping the tax it currently charges its citizens for the purchase of physical gold, an economist has said.
Russian citizens would get rid of their dollar savings to buy up gold bullion if the 20-percent value added tax (VAT) were eliminated, according to economics professor Valentin Katasonov, as cited by Russia’s business news agency Prime. He noted that the potential selloff would inevitably drag the greenback down.
However, the economist said that the country’s Ministry of Finance is likely to reject moves to lift the VAT as it would probably cause revenue shortfalls in the federal budget.
But the expert sees this reason as a weak excuse, since the number of investment transactions in gold is so small that the loss would be insignificant in the overall context of the Russian budget.
According to Katasonov, Russians could stop hording US dollars if investment in gold was more profitable. This could trigger a domino effect in many other countries that would welcome an opportunity to challenge the exclusive status of the greenback, he added.
The Russian government could achieve its goal of de-dollarizing the economy by taking one simple step: dropping the tax it currently charges its citizens for the purchase of physical gold, an economist has said. Read Full Article at RT.com Read More
John Brown’s 1859 raid at Harpers Ferry, Virginia, and his subsequent arrest and execution, set the stage for the First American Civil War. Brown, a Christian anti-slavery activist, raided a federal armory, seized weapons, and attempted to incite a slave uprising. The violence of his raid (seven were killed and ten injured) followed by his […]
The Clowns of Winter Harry the UK Down All I hear is that lonesome soundThe Hounds of WinterThey harry me down– Sting By a narrow margin Boris Johnson’s clownish Defense Minister Liz Truss will become the next Prime Minister of the United Kingdom. She doesn’t have a lot of time to put together a government […]
Soaring electricity bills are projected to drive manufacturers out of business. Soaring utility bills could force up to 60% of factories in the UK to shut down. British factories are braced for the bleakest winter since the 1970s as potential shutdowns loom, Bloomberg reports. Some 60% of factories in the UK are at severe risk […]
