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
Red Lines host Anya Parampil speaks with Carlos F. de Cossio, the Director General of the United States for Cuba’s Foreign Ministry, about continuing US attempts to overthrow his country’s government. TRANSCRIPT ANYA PARAMPIL: Director General Carlos de Cossio, thank you so much for speaking with me this afternoon. President Miguel Díaz-Canel just gave an […]
There is an epidemic of child sex crimes in and around Fort Bragg, North Carolina. Since 2021, and the American withdrawal from Afghanistan, dozens of elite soldiers stationed at the military base have been convicted of raping children, distributing child pornography, and other similar offenses. Many of these soldiers served in Afghanistan, where it is […]
By Rob Slane via TheBlogMire.com. Dear People, We are now almost two years into our great transition, and although there’s still a very long way to go, we wanted to take this opportunity to thank you for your help in allowing the project to run so smooth thus far, and to encourage you to allow […]
