Search Results for: US authorities
Spain Plans To Cut Corporate Tax Rate
June 5th, 2014
Spanish Prime Minister Mariano Rajoy has unveiled plans to cut the corporate tax rate from 30 percent to 25 percent to increase the competitiveness of domestic companies. The tax reduction will come into effect on January 1, 2015, and ...
All you need to Know about CySec’s Exams 2014 – Analysis by GP GLOBAL LTD
June 3rd, 2014
All you need to Know about CySec’s Exams 2014 – Analysis by GP GLOBAL LTD When will the Cyprus Securities and Exchange Commission (CySEC) Exams 2014 take place? According to a recent press release issued by the Commission, the certification exams ...
Switzerland informs UK over Bank Deposit Movements
June 3rd, 2014
Swiss banks were required to hand over information about deposit movements to UK authorities by May 31, 2014, to support UK efforts to track down untaxed income. This was required under an agreement between the UK and Switzerland, which ...
Big Four’s China Accountancy Units Thrashing Out SEC Settlement in Auditing Dispute
June 3rd, 2014
The Chinese units at some of the world’s largest accounting firms – dubbed the Big Four – are looking to reach an out-of-court settlement with the US’ Securities and Exchange Commission in a bid to put an end to ...
BNP Fine Puts Pressure on Hollande to Act
June 2nd, 2014
A potential $10 billion U.S. penalty against France’s largest bank BNP Paribas SA (BNP) for its alleged dealings with Iran and other sanctioned nations, is stirring outrage in the country. It is putting pressure on President Francois Hollande, who hosts ...
Tax Breaks May Not Be Enough to Jumpstart Crimea’s Struggling Economy
May 30th, 2014
In an effort to jumpstart Crimea’s faltering economy, a government plan could offer tax breaks and other juicy business conditions on the peninsula for the next half century — but even this may not be enough to attract businesses ...
Biggest banks to pay up to EUR 15m for ECB supervision
May 27th, 2014
The eurozone’s biggest banks will face an annual bill of up to 15 million euros ($20 million) apiece for being supervised by the European Central Bank, the ECB said on Tuesday. The ECB said in a statement that the ...
Gold Traders Investigated in Colombian Cocaine Laundering
May 27th, 2014
Colombia is investigating the possible involvement of gold trading firms and a Miami refinery in a cocaine money-laundering scheme that’s distorting the country’s trade data, according to the tax and customs agency. As much as $3.3 billion of gold ...
HMRC takes in record £23.9bn following tax cheat clampdown
May 27th, 2014
Tax authorities have increased their take by 15% to a record total of £23.9 billion in the year to April following a crackdown on tax avoidance schemes. HM Revenue & Customs said that £8 billion had been received in ...
EU Market Rules, Logitech Probe, Finra Fines: Compliance
May 23rd, 2014
Europe’s capital markets are getting a new foundation. The 28-nation European Union’s top markets regulator yesterday made public more than 800 pages of proposed rules that cover everything from high-frequency trading curbs to transparency requirements for bond markets and ...
