Discover and read the best of Twitter Threads about #depreciation
Most recents (7)
Entrepreneurs, are you tired of paying hefty taxes?
Don't worry! We got you covered!
Check out these top tax-saving tips that can benefit your business and your bottom line. (1/n)
#entrepreneurs #taxes #taxsavings #taxtips
Don't worry! We got you covered!
Check out these top tax-saving tips that can benefit your business and your bottom line. (1/n)
#entrepreneurs #taxes #taxsavings #taxtips
#1 Hire Family Members & Relatives:
You can reduce your tax liability by paying salaries to family members, which are tax-deductible. Their income may also be below the taxable threshold. (2/n)
#tax #taxexemption #taxliability
You can reduce your tax liability by paying salaries to family members, which are tax-deductible. Their income may also be below the taxable threshold. (2/n)
#tax #taxexemption #taxliability
#2 Deduct Business Expenses for Travel & Accommodation:
Business travel expenses such as tickets and accommodation can be deducted from your taxable income, thus reducing your tax liability.
(3/n)
#taxliability #businessexpenses #deductions
Business travel expenses such as tickets and accommodation can be deducted from your taxable income, thus reducing your tax liability.
(3/n)
#taxliability #businessexpenses #deductions
#THREAD on #WHAT is #RBI likely to do tomorrow at the #MPC and #Why and how it would #IMPACT Markets? #RETWEET
(1) A rate Hikes I’d probably 30-40bps
(2) More #Importantly, a 25-50bp CRR Hike as well
What are the Drivers of this Decision?
(1) A rate Hikes I’d probably 30-40bps
(2) More #Importantly, a 25-50bp CRR Hike as well
What are the Drivers of this Decision?
RBI biggest Driver of Policy in my view is FOREX.
India is suffering Daily Forex Outflows Due to
(1) high Commodity Prices (Oil & Coal etc)
(2) FPI outflows
(3) Rising Remittances while FDI has slowed down
Recall that Jndia is still NOT added to the JPM EM debt Index (NA)
India is suffering Daily Forex Outflows Due to
(1) high Commodity Prices (Oil & Coal etc)
(2) FPI outflows
(3) Rising Remittances while FDI has slowed down
Recall that Jndia is still NOT added to the JPM EM debt Index (NA)
Two ways to arrest the INR depreciation is to raise Rates (REPO) or reduce Liquidity (CRR)
But we know India has a Demand Issue.
More #IMPORTANTLY, higher Rates will HURT the Govts Borrowing Cost and Eventually Raise System Deposit Rates
But we know India has a Demand Issue.
More #IMPORTANTLY, higher Rates will HURT the Govts Borrowing Cost and Eventually Raise System Deposit Rates
THREAD. "just as the tax breaks expired in 2018, Motiva suddenly announced that it was contesting the refinery’s appraised value of $3.5B, saying the structure & its contents were actually worth just $1.5B. Motiva sued..." #Chapter313 #txlege #txed texasobserver.org/texas-largest-…
"Thanks to a team of high-powered lawyers & seemingly endless supply of $ for legal fees, Motiva forced the outmatched appraisal district to settle, saving tens of millions of $ in property taxes in one fell swoop & leaving Port Arthur ISD in crisis" #Chapter313 #txlege #txed
"Port Arthur ISD serves 8,000 predominantly Black & Hispanic and low-income students...The Motiva refinery alone accounts for roughly half its tax base." #Chapter313 #txlege #txed
So biggest casualty of #Fed warning on #US #economy y'day, was #Gold,which dropped 3% to $1951.90 an ounce,within minutes of #FedMinutes
Silver too fell below $28
Rout was not limited to precious metals--#Nasdaq sold off despite #Apple hitting $2 trillion market cap
#Covid_19
Silver too fell below $28
Rout was not limited to precious metals--#Nasdaq sold off despite #Apple hitting $2 trillion market cap
#Covid_19
#CrudeOil whipsawed in tight range with #WTI at $42.83
#Fed's take on economic downturn was nothing new&yet markets collapsed
Only asset which saw aggressive buying was US #Tbills,with 10 yr #bond #yield@ 0.665% Vs previous close of 0.685%
#Dollar had its best day in 2 months
#Fed's take on economic downturn was nothing new&yet markets collapsed
Only asset which saw aggressive buying was US #Tbills,with 10 yr #bond #yield@ 0.665% Vs previous close of 0.685%
#Dollar had its best day in 2 months
So what does y'day's frenzied buying in #bonds indicate?Is the #RiskOn trade over?
Well,not quite--With $9 trillion of excess global #liquidity sloshing around due to coordinated Central Bank rate cuts,since #Covid_19, equities will move up,albeit with severe bouts of volatility
Well,not quite--With $9 trillion of excess global #liquidity sloshing around due to coordinated Central Bank rate cuts,since #Covid_19, equities will move up,albeit with severe bouts of volatility
The concept that currency #depreciation is good for a country's economic growth is very outdated.It only works under trade channels, because weaker currency can help expand the competitiveness of exports.1/5
Capital accounts in many countries are becoming more open. We must consider the impact of financial channels, which could be just the opposite of trade channels, said Huang Yiping, CF40 Academic Committee Chairman.2/5 cf40.org.cn/uploads/201909…
The depreciation of a #currency could further lead to stronger expectation of depreciation, which may promote more capital outflows, and this actually is not conducive to economic growth. 3/5
1/5 HUANG Yiping, Chairman of CF40 Academic Committee and Vice-chairman of NSD at Peking University, said the RMB XR has been increasingly flexible, and XR level is grounded in fundamentals. it is suspicious to label China as a #currency #manipulator.
mp.weixin.qq.com/s/_SJO9IlZK0-y…
mp.weixin.qq.com/s/_SJO9IlZK0-y…
2/5 Huang said, we must realize there is an outdated concept of #XR, which I think is #Trump’s understanding - #currency #depreciation is good for #economy, as a weaker currency is conducive to #export #competitiveness. In fact, this notion is no longer the case in nowadays.
3/5 As with increasing levels of capital account liberalization among countries, XR impacts on economy through financial channels, depreciation anticipation would lead to further #depreciation, and thus facilitating capital outflow, which would adversely impact on the economy.
RMB dropped below 7 on Monday as #China gradually moves toward a free floating exhange rate regime that can be an automatic stabilizer for #economy amid ongoing #trade dispute with US, according to a recent report authored by cf40 senior fellow Zhang Bin. cf40.org.cn/uploads/ZB2019…
When an #economy is confronted with a negative impact, he explained, currency
#depreciation may boost the economy through multiple mechanisms: 1) by lowering the price of #exports denominated in foreign currencies and thus boosting #exports;
#depreciation may boost the economy through multiple mechanisms: 1) by lowering the price of #exports denominated in foreign currencies and thus boosting #exports;
2) by increasing price of #imports denominated in local currency &
increasing import substitution; 3) by improving price of tradable goods, which in turn can affect the overall price of industrial products and improves the profitability, #investment and production.
increasing import substitution; 3) by improving price of tradable goods, which in turn can affect the overall price of industrial products and improves the profitability, #investment and production.
