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Expect the "Practically Virtually Impossible"

MishTalk

The collapse of Spanish housing left the banking system with as much as 51 billion euros of deferred tax assets(DTAs), mostly from 2011, that can be used against future profits for as long as 18 years. Multimillion dollar losses banks have generated billions in tax credits in just two years.

Banking 64
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Competing in the Huge Digital Economies of China and India

Harvard Business

For example, a recently proposed Indian government policy on e-commerce and a similar order from the country’s central bank seeks to prohibit data on Indian e-commerce consumers from being stored outside India. Both China and India have governments deeply engaged in orchestrating the digital economy and in citizens’ data.