Let’s start with the sources. By the middle of the XX century the U.S. had about 70% of the world gold reserves. The Bretton Woods Monetary Management System was set up in July 1944 and primarily resulted in recognition of the U.S. dollar as the world currency, while the fixed relationship of dollar to gold … Read more
Introduction to Forex Market : To prevent the speculation , it was proposed to tax transactions in foreign exchange markets. This tax, the Tobin tax, named after the professor who first suggested in 1972 held at the Janeway Lectures at Princeton, was originally to be levied on all foreign exchange transactions in cash and aimed … Read more
The imposing problem of selling and buying homes in the current housing market has been solved. This is not a bogus claim, a pipe dream, or an ad man’s come-on. There actually is a way for homeowners to finally find a buyer who is ready to deal and a buyer to finally find a seller … Read more
SAFE HARBOR GUIDANCE Tax deferred exchanges have been part of the U.S. Tax Code since 1921. Since that time, the government has approved certain methods to structure exchange transactions that are so called “safe harbors.” For example, in 1991 the U.S. Treasury issued final regulations that provided important guidance on the structure of delayed exchanges … Read more
If you’re contemplating a 1031 tax exchange for your next real estate transaction, you’re not alone. Every year, thousands of savvy investors use the toolkit available via a 1031 tax exchange to increase the value of their investments without losing crucial capital to taxes in the interim. 1031 exchange transactions represent a valuable tool … Read more