Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

[fabriziof]

Come dire che possiamo prepararci a vendere il bond 2036.....

per la tassazione certo,vedremo

 

[ginestra]

1. Turkey on Blacklist of Tax Havens
   
   
   
   Ankara’s commitments on tax transparency deemed insufficient
   Decision could be taken by bloc’s finance ministers on Dec. 5
   
   The European Union may include Turkey on a blacklist of tax havens as soon as next month, in a move that could further strain ties between Ankara and the world’s largest trading bloc.
   
   An EU working group tasked with screening “non-cooperative jurisdictions for tax purposes” concluded that Turkey’s commitments to address transparency issues and abolish sweetheart tax regimes are so far “not sufficient,” according to people familiar with the matter and confidential documents seen by Bloomberg.
   The so-called Code of Conduct group could recommend to EU finance ministers to add non-compliant countries to a blacklist on Dec. 5.
   
   While EU countries are split over whether financial sanctions should be used against such uncooperative jurisdictions, inclusion in the blacklist may result in reputational damage to Turkey and raise pressure on EU companies to hold back investment.
   Several states, including France, support punitive measures, such as the exclusion from international funding, though no decision has been taken.
   
   The potential blacklisting comes as Germany is wielding its influence with international development institutions to restrict financing to Turkey from the state-owned KfW bank, the European Investment Bank and the European Bank for Reconstruction and Development.
   German commercial banks are also reviewing their exposure to Turkey, officials familiar with the matter told Bloomberg last month, days after Chancellor Angela Merkel said that the EU may cut pre-accession funding to Turkey as a response to the country’s crackdown on its democratic institutions.
   
   Turkey can still dodge inclusion on the list, but time to provide sufficient additional commitments before next month’s meeting of the EU’s finance ministers is running out.
   In a discussion among the members of the Code of Conduct group on Wednesday, the U.K. representative pointed out that Turkey is an important partner of the EU, but experts said that any decision to bypass technical criteria for the inclusion on the list can only be taken at a political level, according to a participant in the meeting.
   
   Turkish Response
   
   In an interview with Reuters, Turkish Finance Minister Naci Agbal said there’d be no reason for the EU to place Turkey on such a list and that Turkey was abiding by all international tax rules.
   Turkey has informed the EU that it would complete all necessary work on information-sharing by 2019, the deadline given to developing countries, Reuters cited him as saying.
   He also said Turkey had pledged in a letter to the EU last week that it would complete all necessary secondary regulation.
   
   According to the EU documents seen by Bloomberg, a Turkish response was sent on Nov. 9, though it didn’t fulfill some key criteria, including a sufficient commitment to transparency. The Turkish lira erased its gains on the news.
   
   Ambassadors representing EU governments are due to discuss the list ahead of the finance ministers meeting.
   As many as 36 countries could be included according to the draft summary table dated Nov. 21 and seen by Bloomberg, including Serbia, Armenia, Cook Islands, the Marshall Islands, Panama and Tunisia.
   
   Seven Caribbean jurisdictions have been given additional leeway until February due to the damage suffered from recent hurricanes, while commitments by U.K. territories including Guernsey, Isle of Man, and Jersey were deemed sufficient. A total of 92 jurisdictions are being screened, while the list is expected to be continuously updated.
   
   EU Mulls Including Turkey on Blacklist of Tax Havens

Ciao Fabrizio

pensi che questa notizia possa influenzare i bond turchi ? . vedo che per ora il mio 36 e' stabile

buona convalescenza.

ps . vedo solo ora che sono stato preceduto...da altri forumer

 

[fabriziof]

Ciao Fabrizio

pensi che questa notizia possa influenzare i bond turchi ? . vedo che per ora il mio 36 e' stabile

buona convalescenza.

ps . vedo solo ora che sono stato preceduto...da altri forumer

sì il 2036 è in leggera risalita dai minimi .sui prezzi non so quanto potrebbe influire ,semmai il problema è la tassazione che passerebbe dal 12,5 al 26% se finisse nella blacklist italiana

 

[fabriziof]

bisognerebbe essere addentro alle segrete cose ma mi sembra difficile che la Turchia venga dichiarata paradiso fiscale ,boh...

 

[Joe Silver]

sì il 2036 è in leggera risalita dai minimi .sui prezzi non so quanto potrebbe influire ,semmai il problema è la tassazione che passerebbe dal 12,5 al 26% se finisse nella blacklist italiana

Europea: se fosse solo italiana, farebbero spallucce o il gesto dell'ombrello...

Capisco ora (sono un po' tardo) che intendevi i riflessi di una decisione europea sulla particolare tassazione italica. Pardon...anch'io devo avere qualche ingorgo dalle parti del talamo o ipotalamo.

 

[fabriziof]

Europea: se fosse solo italiana, farebbero spallucce o il gesto dell'ombrello...

Capisco ora (sono un po' tardo) che intendevi i riflessi di una decisione europea sulla particolare tassazione italica. Pardon...anch'io devo avere qualche ingorgo dalle parti del talamo o ipotalamo.

Per noi fa testo la blacklist italiana che dovrebbe recepire automaticamente quella europea ma non ho certezze .
P.s con noi vecchietti si deve aver pazienza

 

[fabriziof]

Se qualcuno di voi ha preso Teva ,quale bond ha scelto?

 

[gualberto]

Se qualcuno di voi ha preso Teva ,quale bond ha scelto?

Bonds Detail forse rende un po di più
Mallinckrodt Pharmaceuticals | Global Specialty Pharmaceutical

 

[fabriziof]

Bonds Detail forse rende un po di più
Mallinckrodt Pharmaceuticals | Global Specialty Pharmaceutical

Non conoscevo grazie

 

[Cat XL]

certo che 50 miliardi di debiti.... ai tassi che paga vuol dire 3/4000 milioni di interessi. sarà un miliardario, ma le acquisizioni le ha fatte a debiti. e tanti

50 miliardi di debiti in se per se non significano tanto anche se sono una cifra mostruosa...bisogna chiaramente vedere il net debt su EBITDA.

Quello che preoccupa e' questi e' che hanno negative equity e intangible/goodwill per 50 miliardi su un totale di 70 di total assets.