Archives
Cuts will not damage family justice, says Munby
May 5th, 2014
Legal aid cuts will not undermine family justice, the head of the Family Division insisted last week as he mooted plans for judge-free divorces and greater legal rights for separating cohabitees. When wide-ranging reforms of the family justice system ...
IRS announces two-year FATCA enforcement transition period
May 5th, 2014
Foreign financial institutions that make a good-faith effort to comply with the requirements of the Foreign Account Tax Compliance Act (FATCA) will benefit from lighter enforcement during 2014 and 2015, the IRS announced on Friday (Notice 2014-33). The IRS ...
Portions of conflict minerals rule stayed by SEC
May 5th, 2014
Companies will not have to explicitly declare whether their products contain minerals that originated in mines in the Democratic Republic of Congo or its neighboring countries, according to the SEC. The SEC issued an order Friday staying the effective ...
USD/CHF retains bearish outlook
May 5th, 2014
Pair’s Outlook At first the new up-trend support line triggered a rally in USD/CHF, forcing it to surge all the way to 0.8832/31. But subsequently the currency pair did not manage to withstand the selling pressure and was broken. ...
Russia Knows Europe Sanctions Ineffective With Tax Havens
May 5th, 2014
Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe. “You can rely on our legal system!” the ...
Oil price increases as Ukraine fear outweighs China data
May 5th, 2014
The price of oil climbed above $100 a barrel Monday as escalating tensions in Ukraine outweighed a fourth month of contraction in China’s manufacturing. Benchmark U.S. crude for June delivery was up 34 cents to $100.10 a barrel at ...
FCA warning against unauthorised firms
May 5th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that the following firms are not permitted to provide any financial services or products: Krono Partners plc (www.propertybondinvestor.com) Skylade Insurance Services (http://www.skylade.com) ...
Court case on streaming TV threatens to cloud our online equality
May 5th, 2014
American Broadcasting Services v Aereo could potentially be viewed as a human rights issue rather than a copyright dispute It is a very big court case about a tiny object. The American broadcasting industry is ferociously interested in its ...
Hong Kong Collected Record Tax Revenue In 2013-14
May 5th, 2014
Hong Kong’s Commissioner of Inland Revenue Wong Kuen-fai has announced that the Inland Revenue Department (IRD) set another annual record and collected HKD243.5bn (USD31.4bn) in tax revenue in 2013-14, showing an increase of HKD1.4bn, or 1 percent, over its ...
Barclays, Credit Suisse Battle Banker Exodus, Legal Woes
May 5th, 2014
Barclays Plc (BARC), Credit Suisse Group AG and UBS AG (UBSN) will face questions this week about key banker departures, legal challenges and their efforts to boost profitability. Barclays last week lost three top bankers in the U.S. and ...
