Dictionary investor in the securities market
Posted on Nov 21, 2000 08:15:27 AM
American Depository Receipts
Certificates issued by the U.S. depositary bank, representing shares of foreign issuers held by a bank. One ADR may represent part of the action, one or more shares of foreign companies of the issuer. ADR inherit all of the political and economic risks of the issuing country.
How the Mutual Fund
Posted on Nov 14, 2000 08:15:27 AM
For the investor not prone to risk much, but at the same time seeking to earn income on their investments, one of the alternatives to bank deposits may be mutual funds (PIFs). As we have repeatedly noticed a bank deposit is generally low-yielding instrument. According to Russian Economic Society, the average rate on deposits of individuals in credit institutions (other than deposits “on demand”) in 2003, for example, amounted to 10.47%, ie 5.23% for six months. But inflation for the same period – 6,1%. In other words, the real return on deposits received an empty bit, but negative: it “ate” inflation. At the same time the stock market at the same point in time they would get real income.
Taxation of dividends from investments
Posted on Nov 13, 2000 08:15:27 AM
The system of taxation of investments arranged simply enough, so the depositors, shareholders and investors should not fear that the state “obderet them as sticky” so even arrange a bunch of paperwork. Consider the scheme of payment of “tribute” to the most popular types of investment
Taxation of income on deposits deposits
Posted on Oct 15, 2000 08:15:27 AM
In accordance with Clause 2, Art. 224 of the Tax Code of the Russian Federation proceeds on bank deposits in excess of the amount calculated based on the current refinancing rate of Central Bank of Russian Federation during the period for which accrued interest on ruble deposits (except for urgent pension contributions made for a period of not less than six months) and 9% per annum on deposits in foreign currencies are subject to withholding tax at the rate of 35%.