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
Americans Standing for the Simplification of the Estate Tax capital gains rate at the time of the actual sale, regardless of how long the individual has been deceased. This program would be completely voluntary and therefore would not involve a new tax being imposed by the United States Congress. Those taxpayers who opt in to the ASSET plan would pay surcharge on their annual income while they are alive and no estate tax would be assessed once they have died, only when an heir sells an asset. Diana Furchgott-Roth, former chief economist for the U.S. Department of Labor and a senior fellow at the Manhattan Institute, mentioned the ASSET