Policy Analysis-Explanation on Reform of Negative Asset-Liability Ratio (1)

Foreword Although the negative asset-liability ratio is widely described as “tax torture for wealthy investors,” it is not a tax concession (tax relief, not tax exemption or refund). However, as the Financial System Consulting’s Murray Report concludes, this does encourage over-investment and over-leveraging in the Australian housing market. Therefore, although not the only reason for…

NBN revenue grows 39%

in the six months to December, NBN Co’s revenue increased by 39%, while earnings before interest, tax, depreciation and amortization reached 775 million yuan. The company said that it is expected to complete a large number of laying work by June 30, and it is expected that the revenue in the same period will increase…