Exclusive: EU executive sees personal savings used to plug long-term financing gap
The
savings of the European Union's 500 million citizens could be used to
fund long-term investments to boost the economy and help plug the gap
left by banks since the financial crisis, an EU document says.
the
Commission will consider whether the use of fair value or pricing assets
at the going rate in a new globally agreed accounting rule
He got one important point wrong. When the EU, or any governmental body talks about revaluing assets or fair market valuation or any similar speak, they are NOT planing on valuing your assets down. They are trying to increase the value of your assets so they can tax you more. They want to put an artificially high value on your assets and claim you have a profit that they will tax now (instead of when you sell the asset). This is the plan. Lowering the value of your assets doesn't generate any taxes for them so they are not going to do that
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