Canada Revenue Agency writes off billions in 'uncollectible' tax debts
Under the law, an account may be submitted for write-off only if “there is no reasonable prospect of recovery,” she said. The heavily censored revenue agency records say the department's Uncollectible Debts Committee examined all relevant documents in …
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BlackRock Sees 40% Haircut in Puerto Rico Debt Restructuring – Bloomberg
That would mean an average recovery of about 60 percent on its securities, which include general-obligation bonds, sales-tax debt and those from its electric utility, he said. “They have all this debt that they can't afford,” said Hayes, whose firm …
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Taxman gets new US-style powers to raid tens of thousands of personal bank
The Treasury has agreed to implement safeguards, which will give people the right to appeal in the county courts and “a face to face visit to every debtor before they are considered for debt recovery through this measure”. HMRC said that it would only …
Read more on Telegraph.co.uk

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