Tag: share buy-back

The idea of American Exceptionalism has been a favourite rhetorical device of US presidents since the days of John F. Kennedy. It goes beyond conveying the sense that the country is richer and more powerful than other countries, but also that its unique culture and historical path render its destiny superior.

In the 2017 Budget, delivered by the Minister of Finance, it was proposed that additional measures will be considered to circumvent transactions where investors choose to realise their share investments by means of having the shares they hold in a company bought back and characterised as a dividend, while being paid for by means of a new investor subscribing for shares in the same company. This followed on the back of a similar announcement in 2016, whereafter no two specific countermeasures were introduced.

Personal Income Tax As many pundits predicted, the Minister of Finance today announced a new 45% tax bracket for individuals which will apply to taxable...