Category: Personal Finance

What Is A Tobin Tax, And Why Does Bill Gates Back It?


 

Microsoft founder Bill Gates has lent his weight in support for a Tobin tax, ahead of his presentation at the G20 meeting in Cannes.

Bill Gates, billionaire technology entrepreneur and philanthropist, recently spoke to the BBC about asking the G20 to step up development efforts to ease poverty and his backing on a tax on financial transactions, adding that “steps have to be taken to restore confidence” that governments will pay their debts.

Infographic: Rising Cost of College Textbooks


The cost of college in the US has often been a major sticking point for American politicians. While President Barack Obama recently announced plans that would attempt to make college education for affordable for Americans, tuition fees are not the only concern for students.

Top UK Firms Paying Less Tax Despite Higher Profits


The effective tax rate paid by FTSE-100 companies has dropped to 26% compared to 35.8% just two years ago, while firms have seen profits increase.

According to research conducted by accountancy firm UHY Hacker Young, Britain’s FTSE-100 companies have reduced their tax rates by almost a third in the last two years, a consequence partly due to the reduction in headline corporate tax rates in the UK.

Waking Up From The Nightmare On Wall Street


We, as a collective society, have to shoulder some of the blame for financial crisis as we essentially allowed Wall Street and our policymakers to run the global economy into the ground while we slumbered in blissful ignorance of their misdeeds. But while we have stirred from our slumber, as evident through protests such as Occupy Wall Street, our true awakening will only come when we acquire the knowledge required to fully comprehend the issues.

Infographic: Getting To Know The Current Job Market


For most students entering college, deciding on a course of study and a major is often a difficult decision. There are many factors to consider including personal interest, societal pressures, and of course, future career and life prospects.

Infographic: The Myths of College Financial Aid


Paying for your college education is often one of the first major expenses that a young adult would rack up. The average annual cost of an education at a private college in the US is now $35,636 and rising annually, especially for advanced degrees.

As such one of the most common routes that young adults turn to to pay for their college expenses is through the use of financial aid. However, over the years, some myths of financial aids have emerged that have led to missed opportunities for students. Here are 8 of the most common myths associated with college financial aids.

Infographic: How SMS Messaging Is Changing The World


Since its initial conceptualisation during the early 1980s, SMS text messaging has now become the most widely used data application in the world, with 2.4 billion active users, or 74 percent of all mobile phone subscribers.

Infographic: Will OpenCourseWare Replace The College Classroom?


 With tuition costs and student debt on the rise, a new model is on the rise: OpenCourseWare (OCW). OCW refers to online course materials that have been created by universities and shared freely with the world via the internet. The MIT OpenCourseWare, established in 2002, was one of the pioneers of the system and to date nearly 100 million students access its online courses, with barely 1 percent of the students coming from MIT itself.

Americans in Canada Asked Not to Fear the IRS and To Pay Their Taxes


FATCA, the Foreign Account Tax Compliance Act has been recently enacted by the Obama Administration, requiring U.S. citizens living abroad to file U.S. tax returns and detailed annual foreign account disclosure statements going back to 2003.

Infographic: Women Are Finally Taking Over


The feminism movement over the past few decades may have finally attained its goals. In business, education, and even in family and personal life, women are gaining more control and even usurping males in roles and power.

Even in traditionally male-dominated societies such as South Korea, females are being more and more empowered in their respective fields. Has the century of women power begun? Check out this infographic that charts the rise of females in businesses, education, and in social life.