Strong Lumber and Panel Prices Buoy Weyerhaeuser’s 1Q; Deferred Harvests Causing Log Prices to Lag
Positive momentum in the long-suffering wood products business led improved results in Weyerhaeuser’s WY first quarter, as the segment benefited from improved housing demand and a cautious lumber industry that hasn’t fully recalibrated supply to meet the new demand reality. Results were more tepid in Weyerhaeuser’s other segments, as log prices haven’t enjoyed the kind of surge we’ve seen in lumber and panel prices, homebuilding … Continue reading Strong Lumber and Panel Prices Buoy Weyerhaeuser’s 1Q; Deferred Harvests Causing Log Prices to Lag
Biotech Stocks Are A Bargain in Today’s Market
Bargain hunters should focus on biotechs since momentum is clearly on their side. On Wednesday, stocks closed higher, led by the small- and mid-cap sectors. The Nasdaq led all other indices, up 1%, while the S&P 500 rose 0.7% with 7 of 10 sectors advancing, and the Dow industrials gained 0.6%. Retail sales for July were flat, but rather than this being interpreted as a … Continue reading Biotech Stocks Are A Bargain in Today’s Market
Europe Closes In On Taking a Decision Regarding Bitcoin VAT
A recent legal referral in the EU may be inching the region a little closer to more unity on one small element of bitcoin taxation, but it won’t do much to help global confusion on the matter. Cryptocurrencies are so new that few member states have worked out how to interpret the VAT rules for them.
In June, Sweden asked Europe’s highest court, the European Court of Justice (ECJ), whether cryptocurrency exchanges are liable for value-added tax on the fees that they charge for their services. The result could have far-reaching implications for tax in the region.
In Europe, there is a directive on VAT that explains how it should be levied. EU directives are powerful documents, designed as high-level guides that member states can interpret when making their own laws. Belgium, Croatia, Cyprus, the Czech Republic, Greece, Hungary, Ireland and Italy haven’t decided whether to charge bitcoin exchanges VAT on the service that they provide. Latvia, Luxembourg, Malta, Portugal, Romania and Slovakia have no regulations on the matter either.
News on Bitcoins
Some states have firm rulings on the matter of VAT for Bitcoins. The UK was among the first, effectively making bitcoin trading exempt from VAT in a ruling published in March. While exchanges and miners are off the hook, though, the UK says that VAT should be charged when goods and services are sold for bitcoin. Denmark has also said that bitcoin trades will be free of VAT.
Several states have taken an opposing view. Estonia made its own decision about VAT on profits from bitcoin exchange services, levying a 20% tax on those trading bitcoins as a service. It is also charging a 10% tax on profits from selling bitcoins. Poland has imposed a 23% VAT on bitcoin mining profits, although its position on bitcoin exchanges isn’t clear.
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'Symbiosis Suit' feeds you Algae
One person's head-mounted torture device may be another's food source. Case in point: the Algaculture Symbiosis Suit…Read More >> Continue reading 'Symbiosis Suit' feeds you Algae
iPad vs. iPad Mini
We've prepared this guide to help you decide whether the latest iPad or iPad mini is right for you…Read More >> Continue reading iPad vs. iPad Mini
Finally Jetpack with a flight permission
The New Zealand developers of a personalized jetpack said Tuesday that aviation regulators have issued the device with a flying permit, allowing for manned test flights…Read More >> Continue reading Finally Jetpack with a flight permission