Tax Law

Unlike indirect tax, direct tax is less harmonised.1 Individual MS2 may use direct tax as they see fit so long as it does not contravene EU law.3 This is due to the EU principle of supremacy

Traditional banks

Traditional banks play a non-substitutable role in the collection of money from savers and allocate the money to the society where needed, which is usually called intermediaries – maturity transformation

Indian Commercial Banking

This report on the Indian banking industry focuses on commercial banks. Commercial banks may be government owned banks, private sector banks, or foreign banks

Issues in financial reporting

Some people, including William Isaac, a former chairman of the Federal Deposit Insurance Corp. [FDIC] during the mid-1980s, have even blamed the credit crisis on the Financial Accounting Standards Board’s 15-year-old rule requiring that assets be valued according to their current market value, even if the market for them has temporarily vanished.

Monopoly

Monopoly: Pure monopoly exists when there is a single supplier of a good or service in a particular market. Monopoly power exists when a firm controls 25% or more of that particular market

Project financing

The term project finance is applied slackly by academics, journalists and bankers to explain a variety of financing systems.