Exact(7)
"The official clampdown on the trusts might already have begun," wrote Week in China.
If the trusts threatened the traditional small businessman, he would take on the trusts.
His investigations of mortgage abuses have zeroed in on the trusts that are supposed to hold bundled mortgages on behalf of investors.
In any case, foreign entry into the fund-management industry will not resolve the difficulties at hand.The government fears that disclosure of the fund managers' true condition will cause a run on the trusts.
The Islamic officials on the trusts are widely seen as corrupt, appointed by the state because of their willingness to do the government's bidding rather than because of their public standing or Islamic credentials".
Canadas finance minister, Jim Flaherty, despite his partys pledge less than a year ago not to impose additional taxes on the trusts, announced late Tuesday that the government proposes to tax trust distributions at regular corporate income tax rates effectively eliminating the chief advantage of the trust structure as a flow-through entity.
Similar(51)
Petro Poroshenko, who has claimed victory, must now deliver on the trust placed in him, says one commentator.
Vedanta had no immediate comment on the trust's decision.
"Our business depends on the trust of our users".
This article also appears on the trust's website.
The authority of the Supreme Court depends on the trust of the public.
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