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Author Archives: Michael Egden
The Truth Behind Harmonized Taxes
Many people share the view that in general, Canadian fiscal policy is inherently complex. Most are undoubtedly aware of the difficulties in negotiating the income tax system; our only resolve being the seemingly arbitrary tax refund or remittance received in the mail a few weeks after filing. A similar sense of misunderstanding carries over to [...]
Posted on June 23, 2010 – 12:19 PM
Goldman Sachs Fraud Allegation
As the global economy takes a step forward, a key player takes two steps back. Earlier this morning, it was announced that financial giant Goldman Sachs Group (NYSE:GS – $160.70), has been charged with fraud. Amidst allegations that the investment bank had defrauded its investors, the company’s stock fell approximately 14.6% in the opening hours [...]
Posted on April 16, 2010 – 4:20 PM
And So It Begins
The US Treasury announced yesterday that it would begin to sell its stake in Citigroup Inc (NYSE:C – $4.18). Its 7.7 billion shares currently have a market value of approximately $32 billion, 27% of the company’s market capitalization. Predictably, the market reacted negatively amid fears of a drop in share price and the stock fell [...]
Posted on March 30, 2010 – 12:15 AM
Getting Defensive
There is no doubt we live in an age of “heightened awareness,” so to speak. Recent years have given birth to a new way of doing business, both politically and privately, and it is evident that there is quite an incentive for people to invest in the booming business of war. Putting personal opinion aside, [...]