@AlliesFin
A portfolio built stupidly in a bull market may make money, if you are lucky. but....
A portfolio built wisely in bear markets can make a fortune.
#AlliesFin #markets #wisdom
A portfolio built stupidly in a bull market may make money, if you are lucky. but....
A portfolio built wisely in bear markets can make a fortune.
#AlliesFin #markets #wisdom
@ALLiESFiN
Ten small economies including Luxembourg, the Netherlands, Hong Kong SAR, Switzerland, Singapore, and Mauritius host more than 85 per cent of all phantom investments estimated at $ 15 trillion globally, according to a report published by the International Monetary Fund (IMF).
Globally, phantom investments amount to a huge $ 15 trillion, or the combined annual gross domestic product (GDP) of China and Germany, said the report authored by Jannick Damgaard, Thomas Elkjaer and Niels Johannesen.
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"And, despite targeted international attempts to curb tax avoidance...phantom FDI (foreign direct investment) keeps soaring, outpacing the growth of genuine FDI.
"
"
“In less than a decade, phantom FDI has climbed from about 30 per cent to almost 40 per cent of global FDI. This growth is unique to FDI," said the report.
Phantom FDI refers to investments that pass through shell companies that have no real business activities and are tailor-made to cut tax liabilities.
It noted that according to official statistics, Luxembourg, a country of 600,000 people, hosts as much foreign direct investment (FDI) as the United States and much more than China.
Luxembourg's $ 4 trillion in FDI comes out to $ 6.6 million a person.
FDI of this size hardly reflects brick-and-mortar investments in the minuscule Luxembourg economy.
"So, is something amiss with official statistics or is something else at play?" it added.
FDI is often an important driver for genuine international economic integration, stimulating growth and job creation and boosting productivity through transfers of capital, skills, and technology.
However, not all FDI brings capital in service of productivity gains, the authors said.
"In practice, FDI is defined as cross-border financial investments between firms belonging to the same multinational group, and much of it is phantom in nature -- investments that pass through empty corporate shells," they said.
These shells, also called special purpose entities, have no real business activities.
Rather, they carry out holding activities, conduct intra-firm financing, or manage intangible assets -- often to minimise multinationals' global tax bill.
"Such financial and tax engineering blurs traditional FDI statistics and makes it difficult to understand genuine economic integration," they said.
The report said a few well-known tax havens host the vast majority of the world's phantom FDI.
Luxembourg and the Netherlands host nearly half of the total such FDI, it said.
"And, when you add Hong Kong SAR, the British Virgin Islands, Bermuda, Singapore, the Cayman Islands, Switzerland, Ireland, and Mauritius to the list, these 10 economies host more than 85 percent of all phantom investments," it said.
The authors attributed low or zero effective corporate tax rates by tax havens to the growth of phantom FDI.
"Unsurprisingly, an economy's exposure to phantom FDI increases with the corporate tax rate," they said.
The IMF has put forward various alternatives for a revised international tax architecture, ranging from minimum taxes to allocation of taxing rights to destination economies.
"
"
No matter which road policymakers choose, one fact remains clear: international cooperation is the key to dealing with taxation in today's globalised economic environment, the report said.
#ALLiESFiN #INTERNATiONAL #MARKETS
Ten small economies including Luxembourg, the Netherlands, Hong Kong SAR, Switzerland, Singapore, and Mauritius host more than 85 per cent of all phantom investments estimated at $ 15 trillion globally, according to a report published by the International Monetary Fund (IMF).
Globally, phantom investments amount to a huge $ 15 trillion, or the combined annual gross domestic product (GDP) of China and Germany, said the report authored by Jannick Damgaard, Thomas Elkjaer and Niels Johannesen.
More like this
'Ola, Uber factor not real reason behind auto slump'
'Ola, Uber factor not real reason behind auto slump'
"And, despite targeted international attempts to curb tax avoidance...phantom FDI (foreign direct investment) keeps soaring, outpacing the growth of genuine FDI.
"
"
“In less than a decade, phantom FDI has climbed from about 30 per cent to almost 40 per cent of global FDI. This growth is unique to FDI," said the report.
Phantom FDI refers to investments that pass through shell companies that have no real business activities and are tailor-made to cut tax liabilities.
It noted that according to official statistics, Luxembourg, a country of 600,000 people, hosts as much foreign direct investment (FDI) as the United States and much more than China.
Luxembourg's $ 4 trillion in FDI comes out to $ 6.6 million a person.
FDI of this size hardly reflects brick-and-mortar investments in the minuscule Luxembourg economy.
"So, is something amiss with official statistics or is something else at play?" it added.
FDI is often an important driver for genuine international economic integration, stimulating growth and job creation and boosting productivity through transfers of capital, skills, and technology.
However, not all FDI brings capital in service of productivity gains, the authors said.
"In practice, FDI is defined as cross-border financial investments between firms belonging to the same multinational group, and much of it is phantom in nature -- investments that pass through empty corporate shells," they said.
These shells, also called special purpose entities, have no real business activities.
Rather, they carry out holding activities, conduct intra-firm financing, or manage intangible assets -- often to minimise multinationals' global tax bill.
"Such financial and tax engineering blurs traditional FDI statistics and makes it difficult to understand genuine economic integration," they said.
The report said a few well-known tax havens host the vast majority of the world's phantom FDI.
Luxembourg and the Netherlands host nearly half of the total such FDI, it said.
"And, when you add Hong Kong SAR, the British Virgin Islands, Bermuda, Singapore, the Cayman Islands, Switzerland, Ireland, and Mauritius to the list, these 10 economies host more than 85 percent of all phantom investments," it said.
The authors attributed low or zero effective corporate tax rates by tax havens to the growth of phantom FDI.
"Unsurprisingly, an economy's exposure to phantom FDI increases with the corporate tax rate," they said.
The IMF has put forward various alternatives for a revised international tax architecture, ranging from minimum taxes to allocation of taxing rights to destination economies.
"
"
No matter which road policymakers choose, one fact remains clear: international cooperation is the key to dealing with taxation in today's globalised economic environment, the report said.
#ALLiESFiN #INTERNATiONAL #MARKETS
@AlliesFin
Previous #NIFTY SPOT 12,000 was on 11/6/2019..
Today Nifty back at 12,000 on 6/11/2019..
#observations #nifty #markets @AxitDShah 👏🏻
Previous #NIFTY SPOT 12,000 was on 11/6/2019..
Today Nifty back at 12,000 on 6/11/2019..
#observations #nifty #markets @AxitDShah 👏🏻
#NIFTY on Wild Swing as High Political Drama still pending for Maharashtra Government Formations... #markets #observations
RELIANCE RIGHTS ISSUE TO PRICE LOWER THEN CURRENT MARKETS PRICES.
ONE CAN BOOK PROFITS IN RELIANCE AND APPLY FOR RIGHTS ISSUE AT LOWER PRICE.
#markets #observations #alliesfin
ONE CAN BOOK PROFITS IN RELIANCE AND APPLY FOR RIGHTS ISSUE AT LOWER PRICE.
#markets #observations #alliesfin
@AlliesFin
#Nifty expected to open higher near the next #breakout /#resistance zone of 9405-9450. Nifty major breakdown point now moves to 9270 and 9119
#US #Markets closed near the flat zone as optimism on economy opening was offset by weakness in #technology shares which attracted profit booking / sell on news mentality.
#Nasdaq remained ranked under performer for the day.
Post market US future moved higher ahead of crucial Fed meet helping #Asian markets to move into green.
After days of consolidation near 100 zone, US $ index broke below 100 to close near 99.78 level.
#Crude #futures continued to remain volatile as many of US traders are planning to wind down June future ahead of May 19 expiry. Crude futures after falling by as much as 20% are witnessing some recovery in early morning trade.
#Axisbank posted mix set of results with asset quality improving a bit but higher covid provision resulted in net loss for q4.
The next two days trading would be dominated by April series expiry related volatility and moves by central banks in US, #Japan and #Europe.
Stay connected join
https://t.me/AlliesFin
Share n Support 🙏
#Nifty expected to open higher near the next #breakout /#resistance zone of 9405-9450. Nifty major breakdown point now moves to 9270 and 9119
#US #Markets closed near the flat zone as optimism on economy opening was offset by weakness in #technology shares which attracted profit booking / sell on news mentality.
#Nasdaq remained ranked under performer for the day.
Post market US future moved higher ahead of crucial Fed meet helping #Asian markets to move into green.
After days of consolidation near 100 zone, US $ index broke below 100 to close near 99.78 level.
#Crude #futures continued to remain volatile as many of US traders are planning to wind down June future ahead of May 19 expiry. Crude futures after falling by as much as 20% are witnessing some recovery in early morning trade.
#Axisbank posted mix set of results with asset quality improving a bit but higher covid provision resulted in net loss for q4.
The next two days trading would be dominated by April series expiry related volatility and moves by central banks in US, #Japan and #Europe.
Stay connected join
https://t.me/AlliesFin
Share n Support 🙏
#indiavix below 20
#trend may continue ahead in #nifty and #banknifty
& overall #markets #alliesfin #stockmarkets #observations
#trend may continue ahead in #nifty and #banknifty
& overall #markets #alliesfin #stockmarkets #observations
🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
todays low for #banknifty is not good sign for banks and banking stocks, hence profit booking ? details in post market video on youtube channel.
#BANKNIFTY 28 oct lows 23698 tested again today.
as mentioned such misplaced lows are not good signs for #markets ,
c today banknifty retested again that point.
#alliesfin #stockmarket #observations
as mentioned such misplaced lows are not good signs for #markets ,
c today banknifty retested again that point.
#alliesfin #stockmarket #observations
New #Index to Trade From Jan 11, 2021 :
#NiftyFinancialServices
Lot Size - 40
Every week Thursday #Expiry!
Markets have Both Future and Options Available to Trade!!
So Here After #Markets have 3 Index to Trade!
#Nifty 75 Lot Size
#Bank Nifty 25 Lot Size
#Financials 40 Lot Size
#alliesfin #derivatives #futures #options
#NiftyFinancialServices
Lot Size - 40
Every week Thursday #Expiry!
Markets have Both Future and Options Available to Trade!!
So Here After #Markets have 3 Index to Trade!
#Nifty 75 Lot Size
#Bank Nifty 25 Lot Size
#Financials 40 Lot Size
#alliesfin #derivatives #futures #options
@alliesfin
🐂Bull market tells you how much you have learned..
🐻Bear market tells you how much you need to learn.
#bull #bear #markets #alliesfin #learnings
🐂Bull market tells you how much you have learned..
🐻Bear market tells you how much you need to learn.
#bull #bear #markets #alliesfin #learnings
STRONG #RUMOURS #MARKETS EXTEND TIMING TILL 5 PM FROM MAY 2023. #bse #nse #stockmarketindia #nifty #banknifty #options #equity #inviesting
Its an #Epic day for #Indian #stock #markets today 🇮🇳
29 March 2023
Today is a #weekly, #monthly, #quarterly and #FY #year #expiry all at once ! #alliesfin #stockmarketindia #march2023
29 March 2023
Today is a #weekly, #monthly, #quarterly and #FY #year #expiry all at once ! #alliesfin #stockmarketindia #march2023
#Small n #Midcap #Pharma cos started participating in #markets . watch out that space to #upcoming sessions. #alliesfin #stockmarket