The Tax Questions Blog

Posts Tagged ‘exchange’

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Question: The primary economic advantage of the European Union (EU) to its members is that:?

An important outcome of the Uruguay Round of GATT negotiations was:
a) a worldwide reduction of agricultural export subsidies.
b)establishment of the European Union.
c)the elimination of all tariffs and quotas worldwide.
d)establishment of the World Bank.
2. The primary economic advantage of the European Union (EU) to its members is that:
a)the tax structures of each participating nation have been made nearly identical.
b) each nation is free to formulate its own antitrust and agricultural policies.
c) participating nations must all use a common currency.
d) the reduction of trade barriers permits producers to achieve mass-production economies.

Answer: Primary would be...A single currency.

This means that there are no longer separate national monetary policies, and instead a new central bank has been set up – The European Central Bank – that conducts a Europe wide monetary policy, in particular the setting of interest rates. That means a loss of separate national monetary policies – interest rates and exchange rates. Should Germany want to introduce an economic policy to fight back against unemployment, it cannot do so as this can only come from the European Central Bank.

Domtar profits soar but paper producer concerned about high unemployment

MONTREAL - Domtar says persistently high unemployment could have an impact on demand for office paper in the coming months as North America's largest single-sheet paper producer beat expectations by posting strong earnings in the third quarter.

Investment Terms & Facts : What Is a Retirement Annuity Account?

Question: UK TAX on forex trading?

Hi
I would like to know the tax implications on trading the forex using a broker.I am not interested in tax free spread betting.
thanks

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Basically, the book is a 5 step guide to starting in forex, covering everything from the basics to live trading accounts.

It's a VERY interesting read... and it's free!

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Your Source for Daily FOREX Market News and Analysis

The British Pound fell to the lowest level in a week against the US Dollar after UK consumer confidence posted the largest decline in over a year in December as stimulus measures fade and the government reverses a value-added tax reduction.

Forex Tax Implications

Question: how do you determine the sales tax rate.?

well, i have missed alot of school because of medical conditions =X. and i didint catch how to do sales tax rate. and I have to turn this in tommarow and just explaining how to determine would work wonders! ... my math queastion that im stuck on is. the original price was $27. however tax was included and the bill was 29.16. ( not the hole queastion but oh well ) what was the tax rate? its ok if you answer the math queastion but i wanna learn how to do it . i catch on quick ( or atleast thats what the teacher keeps telling me ). thanks alot. Aaron

Answer: First find exactly how much tax added: 29.16-27=2.16

Now you have to find what percent of 27 that addition is. You can do this by writing the following proportion and cross multiplying (forgive the odd format):
2.16:27 = X:100
216=27X
216/27=X
8 = X

So the tax was a total of 8% You can double check yourself to make sure you're right by adding 8% to 27:

27(1.08)=Y
29.16=Y so we're right!

Good luck on your test!

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Top stories of 2009: Killings, 901 Sherman, sewage ‘privatization’

January The Novato City Council began consideration of the Marin Energy Authority, a joint powers authority created by county supervisors in November 2008. The council must decide whether to join MEA as part of the Marin Clean Energy initiative.

Math in Daily Life : How to Calculate Sales Taxes