This makes them consistent with other measures to relax restrictions on the capital account such as the expansion of the Qualified Foreign Institutional Investor scheme, which allows foreigners to bring portfolio investment capital into China but only in a carefully regulated manner.
It will compel us to ask foreigners for ever more capital and allow them to own more of America.
The foreigners put up the capital and technology, but the Chinese kept control.
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The U.S. in 1981--83 went from a high-inflation, high-tax economic basket case to a much stronger competitor, able once again to attract capital from locals and foreigners.
Indian politicians, meanwhile, are proud that their currency, the rupee, has not crashed and see this as vindication of various capital controls that prevent foreigners from attacking the currency.
Add in things like sales of government bonds by foreigners (see chart 1), and capital flight is probably equal to about 10% of GDP in those countries, say Citigroup analysts.
Most countries require their residents, foreigners included, to pay taxes on worldwide income and capital gains.
One popular approach has been to impose controls on capital inflows by, say, introducing a tax on foreigners purchasing equities.
Foreigners, he said, own on average 17% of the capital of Italy's four largest banks, compared with 7% of Germany's top four and 3% of France's.
No broad disaster has resulted--yet--because foreigners are gladly lending us the money we need to pay for our capital investment.
The foreign-ownership rules even preclude foreigners from holding the top executive positions in American airlines in which foreign capital owns as much as a 49% stake.
While the net foreign debt of the U.S. is growing (the result of capital inflows), household net worth is growing faster, meaning foreigners are investing in the U.S. too slowly and conservatively to keep up with our growth.
His refusal to do anything in practice to scare off money from abroad, despite occasional talk about foreigners' in Britain not paying enough tax, has helped make London arguably the financial capital of the world.
It is also thinking about reintroducing a cap on rupiah accounts held by foreigners, the latest in a series of dykes, bunds and culverts designed to control flows of capital.
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