CANCELLATION OF DEBT - COD
When a recipient exempts a credit without demanding consideration in return. The worth of credit that is exempted by COD is regarded as a profit to the debtor and should be reported as an outcome. In common cases, it is taxable as normal profits and is known as COD or cancellation-of-debt profit.
In rare cases, this credit is from one country to another and is fully or partially remove to aid in reestablishing the nation.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Nov | |
| 02:30 | Company Operating Profits | 3 quarter | |
| 02:30 | ANZ Jobs Advertisements | Nov | |
| 03:45 | Markit Final Manufacturing PMI | Nov | |
| 07:30 | Commodity Prices | Nov | |
| 09:30 | Retail Sales | Oct | |
| 10:15 | PMI Manufacturing | Nov | |
| 10:45 | PMI Manufacturing | Nov | |
| 10:50 | PMI Manufacturing | Nov |
