Blog


McDonald's is improving financial literacy

As much as it makes sense for McDonald's to work on improving the financial literacy of their employees - we are not sure that the choice of Visa - as a credit card company lending at very high interest rates to consumers - are the best firm to deliver this message.

http://www.marketplace.org/topics/wealth-poverty/numbers/mcdonalds-tries-help-employees-budget


Mortgage Interest Tax Deduction -> Makes Sense

A small number of countries like the US, the Netherlands and Switzerland allow homeowners to deduct mortgage interest from their taxable income. Most countries do not - the UK (although they once did), Canada and most others. Why should they - these are some reasons:

  • it promotes home ownership;
  • for the same reason that corporations can deduct interest expense - it is a required productive asset (in this case to live and potentially raise a family);
  • it levels the playing field slightly between the residents/taxpayers of a country and wealthy foreign buyers (non-taxpayers in that country) and reduces crowding out of domestic population;
  • it is a clean and easy to follow deduction that can be verified with a bank (many others are much more objective).


10. March 2012

We have a new website  - the changes are fairly salf explanatory. Hope you like it!