Hypo Alpe Adria Bank guarantee, offered a debt hair-cut to buy the senior bonds for 75% face value and 30% face value for subordinated bonds. On 4 August 2016, a private equity fund advised by Bain Capital purchased Heta Asset Resolution Italia S.r.l. (former Hypo Alpe-Adria Leasing S.r.l.) from Heta. During the year, Financial Market Authority also made a debt hair cut using the power as a resolution authority of EU "Bank Recovery and Resolution Directive", making the bad bank had a positive equity for the first time. Hypo Alpe Adria Bank Heta Asset Resolution A.G. is a "bad bank" that was the residual
Endowment tax demonstrate the value of the donation in the open market to obtain the corresponding allowance. Before donating to an asset that has increased in value since the purchase, it is important to consider whether it is better to donate directly to the asset or to donate after the sale. Direct donations can be taxed at the original purchase price without paying more tax on any potential profits. If a donor receives an income tax credit on the day's value of the share transfer, he does not have to pay VAT on the added value of the donated stock. And after