All financial institutions are surveilled and regulated. There's a reason Patio 11 describe the industry as an "arm of the government".
But furthermore, his argument is not about surveillance (which he accepts when he describes the central bank as the regulator) but about the competition.
It's the very idea of something being provided as a public good that is considered "anormal" and "anti-competitive" here.
Not the whole ICC but the sanctioned prosecutor has been disconnected !
>A Microsoft spokesperson said that it had been in contact with the court since February “throughout the process that resulted in the disconnection of its sanctioned official from Microsoft services.” The spokesperson added that “at no point did Microsoft cease or suspend its services to the ICC.”
>Does the Gabonese leadership really have the geopolitical know-how to make sure this stays as a boost to the economy and not an invitation to a series of US military assaults?
Well, they've had oil for the past 60 years.
They have experience.
Careful: The rate mentioned for alcoholic beverages (and confectionery) may include Excise Duty.
Excise Duty usually have the non-discriminatory aspect of VAT : they’re also applied on local production.
Tariffs on services are much harder to enforce. There's point of entry so it's harder to check.
However, some countries have a withholding tax for services provided by foreign companies. The client is responsible for withholding the amount from any payment and paying the government.
And banks play a role in the enforcement if needed.
> So if you were a farmer you might find you were exempt on fertilizer and tractors but not on a pickup truck.
There are items that generate a non-deductible input tax in VAT countries (often entertainment items or cars).
But usually, those will be the exception and deductible would be the default.
>either you don't pay it when you purchase and are invoiced by a business
As a business you pay VAT when you purchase. And you collect VAT when you sell.
Then you pay to the government the difference between collected VAT and paid VAT.
That's what the "Value Added" part means.
VAT countries apply VAT on all domestic transactions (and that includes imports).
VAT countries do not apply VAT on exports because they _rightly_ assume that the importing country will apply VAT or whatever sale tax equivalent is in place in their territory.
This is not a distortion. There's really no other way to make it work.
I'm not sure it's really a matter of initial investment.
Excel allows managers/staff to iterate/change/adapt faster and independently while changing anything about an automated system requires much effort (in communication, in validation, in budget)
>Finally, if corporations can’t debank people, how do they handle unusual cost/risk? With pricing, of course. If porn and crypto transactions pose extraordinary financial risk, then allow pricing based on actual financial risk.
And you're absolutely certain that powerful and vocal crypto people won't claim that this special pricing is discrimination as they're doing now with debunking ?
Seems to me that he has crypto-related goals but involves more people to gain political support.
The OP article's last paragraphs make it quite clear IMO.
Because you don’t believe an EU bank can terminate an account because they’re worried it may trigger an AML/CTF regulation or similar without bothering to really check if it does.
*edit : AML/CTF and similar rules have to be exceptions to basic banking rights.
All financial institutions are surveilled and regulated. There's a reason Patio 11 describe the industry as an "arm of the government".
But furthermore, his argument is not about surveillance (which he accepts when he describes the central bank as the regulator) but about the competition.
It's the very idea of something being provided as a public good that is considered "anormal" and "anti-competitive" here.