Tag "3"

July 07, 2015 SILVER (MSM)

Canada's Silver Wheaton gets CRA proposal to reassess income tax

[Reuters] – Silver streaming company Silver Wheaton Corp said it received a proposal from the Canada Revenue Agency (CRA) on Monday to reassess the company under various income tax rules. The CRA is seeking to tax streaming income earned by the company’s foreign units and said that Silver Wheaton’s taxable income should be increased by about C$715 million (about $565 million) for the years 2005 to 2010. “Generally a company

July 07, 2015 REAL ESTATE

Rising Mortgage Rates Could Block aThird of Millennials

Filed under: Buying, Financing Shutterstock By Christine DiGangi Mortgage rates hit a 2015 high when the national average on a 30-year fixed-rate mortgage hit 4.08 percent earlier this week, according to Freddie Mac’s weekly survey. That’s lower than the U.S. average at this time last year (4.12 percent), but home loan pricing — rates, loans and fees — has been on the rise for most of 2015, pushing homeownership out

July 06, 2015 SILVER (MSM)

Silver Wheaton Remains Confident in Business Structure Following Receipt of CRA Proposal Letter

[PR Newswire] – The Proposal outlines CRA’s position that the transfer pricing provisions of the Income Tax Act (Canada) relating to income earned by our foreign subsidiaries outside of Canada should apply such that the income of Silver Wheaton subject to tax in Canada should be increased for the 2005 to 2010 taxation years (the “Relevant Taxation Years”) by approximately Cdn$715 million (US$567 million). The issuance of the Proposal does

July 06, 2015 ENERGY (MSM)

Venezuela recalls ambassador to Guyana amid territory dispute

Venezuelan President Nicolas Maduro on Monday said he was calling in the country’s ambassador in neighboring Guyana for consultations amid an escalating row over oil exploration in a disputed offshore territory. The OPEC nation in June demanded that Guyana halt exploration being carried out by Exxon Mobil Corp off the coast of the region known as the Essequibo, weeks after Exxon said it had found oil. “It takes a lot

July 06, 2015 ENERGY (MSM)

SunEdison unit TerraForm to buy wind power plants for $2 billion

(Reuters) – TerraForm Power Inc , a unit of SunEdison Inc , said it would buy 930 megawatt of wind power plants from Invenergy Wind LLC for $2 billion. Under the deal, TerraForm will acquire seven contracted wind farms in the United States and Canada, the company said on Monday. The deal is expected to close in the fourth quarter. (This story was refiled to correct TerraForm ticker) (Reporting by