Fifth Street Finance Corp. Enters Aircraft Leasing Business With Formation of First Star Aviation LLC
At age 29, according to newspapers Blic, Politika and Novosti, he would be the countrys youngest-ever Finance Ministry head. Dacic is planning to present members of his revamped cabinet to lawmakers on Aug. 26. Vucics dominant Serbian Progressive Party wants the new government to consolidate public finances, lay out a foundation for economic growth and prepare for a possible new standby agreement with the International Monetary Fund and the EU.
Japan finance minister doubts effectiveness of a corporate tax cut
There are concerns the two-stage hike from next April could stifle the economy just as it is picking up, and there have been calls for offsetting measures such as a cut in corporate taxes. “Given that only some 30 percent of firms pay corporate taxes, I don’t think lowering corporate tax rates would have an immediate impact,” Finance Minister Taro Aso told a news conference after a cabinet meeting on Thursday. There were reports this week that Abe was considering a corporate tax cut as a trade-off to ensure support for the sales tax increase. Aso, who is also deputy prime minister, said tax breaks to encourage capital spending could be considered and the government might look at other steps if the sales tax is raised.
Pradeep Hathiramani, former Principal and Sector Head of Transportation at KKR Asset Management LLC (“KKR”), will lead the operations of First Star as Managing Director. Mr. Hathiramani will help build an experienced team focused on acquiring and leasing a portfolio of commercial aircraft to operators around the world. Mr. Hathiramani has more than 15 years of lending and leasing experience in the transportation industry.