State and ING agree on sale of Alt-A portfolio
Jeroen Dijsselbloem, Minister of Finance, and ING have agreed on the unwinding of the Illiquid Assets Back-Up Facility (IABF). This facility involves a portfolio of US Alt-A mortgage-backed securities. The termination of the IABF is in line with the government vision of unwinding government interventions in the financial
Read MoreDutch government to tackle international tax avoidance
The Netherlands will improve tax transparency and update tax treaties with low-income countries and low middle-income countries. Tax treaties with Zambia and 22 other poor countries will be revised to allow the incorporation of anti-abuse clauses where necessary. This was announced by Ploumen, Minister for Foreign Trade and
Read MoreVan Dijkhuizen Committee: lower tax rates with a very long first bracket, fewer tax deductibles and simpler benefits will lead to more jobs
The Van Dijkhuizen Committee advises the government to opt for an improved tax system with lower rates and a very long first bracket, fewer deductible items and simpler benefits. According to the CPB Netherlands Economic Bureau for Economic Policy Analysis, these structural reforms will lead in the long
Read MoreGovernment wishes to sell shares in URENCO
The Dutch government wishes to sell its interest in URENCO, which provides uranium enrichment services for nuclear power producers. The Cabinet has agreed to this intention. The sale of the Dutch shares in URENCO can only take place, when the public interest in terms of non-proliferation, nuclear safety
Read MoreDutch minister of Finance makes offer for compensation due to the nationalisation of SNS REAAL
The Dutch minister of Finance makes an offer for compensation due to the expropriation of shares and subordinated debt of SNS REAAL and SNS Bank. The offer amounts to €0,- for both the expropriated shares as well as the subordinated debt. Source
Read MoreState of the Netherlands nationalises SNS REAAL
The Minister of Finance, in close consultation with De Nederlandsche Bank (DNB), has nationalised SNS Reaal. Savings deposits of clients are secure and the service provision of SNS REAAL has been safeguarded. The intervention has averted grave threats to financial stability and the economy. Source
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Why Trump Soured On Machado: It Has Nothing To Do With The Nobel Prize
Why Trump Soured On Machado: It Has Nothing To Do With The Nobel Prize The fact that the Trump administration chose to anoint Delcy Rodríguez, who served as Nicolás Maduro's staunchly loyal (or so he thought) Vice President, as the new leader of the country has left many wondering why
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Iran Signals ‘Pre-Emptive’ Action After Sen. Graham & Israel Threaten Khamenei’s Life
Iran Signals 'Pre-Emptive' Action After Sen. Graham & Israel Threaten Khamenei's Life Via The Cradle The Iranian military warned on 7 Wednesday that Tehran could potentially launch a pre-emptive attack on Israel in response to the escalatory rhetoric recently from both Tel Aviv and Washington. "Iran views the escalation of
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Death Toll Rises As Fighting Expands Between Syrian Army & Kurds In Aleppo
Death Toll Rises As Fighting Expands Between Syrian Army & Kurds In Aleppo Authored by Jason Ditz via AntiWar.com, Fighting erupted between the Kurdish SDF and the Syrian Army today in the Aleppo Governorate, with the battle centering around a checkpoint in the town of Deir Hafer. At
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Senate Races To Resurrect Obamacare Subsidies – With New Caps, Fees And Fines
Senate Races To Resurrect Obamacare Subsidies – With New Caps, Fees And Fines Washington’s bipartisan dealmakers are inching toward reviving lapsed Obamacare subsidies – but this time with tighter strings attached. Sen. Bernie Moreno (R-ME) A cross-party group of roughly a dozen senators is close to finalizing an
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