1. Slidecast English: Finance & Insurance
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2. Content
 Introduction
 Tax letters: a lot of mistakes
 Bank of America: loss
 Obama promotes tax deduction for the full cost
of new equipments
 Conclusion
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3. Introduction American economy
 World’s largest national economy
 Nominal GDP 2009: $14.3 trillion
 Stable GDP, low unemployment rate, high
levels of research and capital investment
 30% of the world reside in the US
 Largest stock exchange
 $: 60%  €: 24%
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4. Tax letters: mistakes
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 1.4 million people owe tax
 Fiscal year 2008-2009 and 2009-2010
 Due to Revenue mistake  extra-statutory
concession
 Revenue says: minority involved mistakes
 4.3 million people: receive cheques
 ↑ 6 million people: wrong

5. Bank of America: loss
 One-off charge  $7.3 billion loss
 Third quarter
 Charge  to reflect the lower value of the
credit and debit card business
 Goldman Sachs: profits ↓ 43 %
 Slower trading
 Bank of America: change consumer banking
strategy  more incentives
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6. Obama promotes plan
 Companies  immediate tax deductions
 Full cost of the new equipment
 Economy grow & create jobs
 In remarks at Stromberg Metal works in
Maryland
 Hire more workers  example of the
business that may benefit from the
deduction
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7. Obama promotes plan
 Report Treasury Department
 $150 billion tax breaks
 by letting companies write off the full cost
in the year they are made
 rather than deducting the costs over several
years.
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8. Conclusion
 Bad news
 Mistakes in tax letters
 Bank of America makes loss
 Good news:
 New plan of Obama  help to grow
the economy & create jobs
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9. Thank you for listening
and watching my
slidecast !
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