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it should be cancelled because the whole world will blow up into air
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∙ 13y ago
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What does third world debt?
Third World debt is external debt incurred by Third World countries. Third World debt is external debt incurred by Third World countries.
Why should third world debt be cancelled?
In most third world countries the debt they have surmounted is due to their governments trying to lay down the necessary infrastructure to elevate their countries status to that of second and first world countries. However this action is premature on their part, they lack the requisite industries to back such expansion, causing the debt to crush their small economy's, holding them in third world status. Cancelling this debt would give these countries an opportunity to retake control of their economy and then grow.
How do you get rid of third world debt?
how can we get rid of third world debt
What is third world debt?
third world countries which are in debt to countries which have more money and material. Third world is when devolving countries are in debt. countries like Africa which have no money or materials .
When did Third World Debt start?
Third world debt started just at the very end of the 1970's
Can a Repo show as receiving income to the IRS?
Yes. If the bank writes off part of your car loan as a cancelled debt, they will report it to you on Form 1099-C. Cancelled Debt is taxable as income under the Internal Revenue Code and should be reported on your tax return. Cancelled debt is not taxable as income, though, if it is cancelled through a bankruptcy proceeding our you are insolvent on the date that the debt was forgiven.
Is Uzbekistan in third world debt?
No
Should cancelled debt of the deceased be included in tax filling?
Yes the canceled debt should be included. It is the same as income. Taxes have to be paid on all income.
Why is third world debt good?
its not good
What is the meaning of Third World dept?
the northern sidde of the world lends monney to the southen and they cant re-pay the debt so it is called the third world debt
Which countries have third world debt?
russia is the most third world because of the amount of land it has.
Are you liable for debt cancelled in bankruptcy?
No you are not, If you deglared bankruptcy, that cancels your debt
