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ASIC cancels FX company’s licence
May 12th, 2015
Following an investigation, ASIC has cancelled the Australian financial services (AFS) licence of FX provider Rainbow Legend Group Pty Ltd (Rainbow Legend) for failing to comply with its obligations, including making false and misleading statements. The move is part ...
Australia: Multinationals face tax avoidance crackdown
May 11th, 2015
The Abbott government will legislate to crack down on tax avoidance by 30 multinational companies, with planned penalties for diverted profits that “will go further” than action taken by the United Kingdom. Announcing measures to be taken in tomorrow’s ...
Tesco Ends 32-Year PwC Relationship After Accounting Scandal
May 11th, 2015
Tesco Plc ended a 32-year relationship with PricewaterhouseCoopers LLP by hiring Deloitte LLP as its new auditor, seeking to draw a line under a 263 million-pound ($406 million) accounting scandal. The U.K.’s largest supermarket company selected Deloitte following a ...
EU Clarifies Digital VAT Proposals
May 11th, 2015
The European Commission has released more detail on its value-added tax proposals under its new Digital Single Market Strategy. The Commission previously confirmed it will legislate in 2016 to reduce the administration burden on businesses arising from different VAT ...
Crude-Oil Bulls Threatened as Shale Patch Revives Drilling Plans
May 11th, 2015
The rally in crude oil is reviving the U.S. shale boom, threatening speculators who are the most bullish on prices since July. Money managers increased their net-long position in West Texas Intermediate crude by 3.9 percent in the seven ...
ASIC bans Sydney finance broker and cancels licence
May 7th, 2015
ASIC has banned a Sydney finance broker from engaging in credit activities for three years and cancelled her Australian credit licence. An ASIC investigation found that Ms Siv Lim of Cabramatta had arranged credit for customers of a Parramatta ...
A Digital Single Market for Europe: EU Commission sets out 16 initiatives to make it happen
May 6th, 2015
The Internet and digital technologies are transforming our world – in every walk of life and in every line of business. Europe must embrace the digital revolution and open up digital opportunities for people and businesses. How? By using ...
ASIC cancels AFS licences for failing to lodge annual statements
May 5th, 2015
ASIC has cancelled the Australian financial services (AFS) licences of four licensees that failed to lodge audited annual statements. These cancellations are the result of ASIC’s most recent proactive review of the conduct of 14 AFS licensees operating in ...
Mazars speeds up its development and strengthens its presence in Germany
May 4th, 2015
The firm Roever Broenner Susat joins Mazars’ International Integrated Partnership. As part of its global growth strategy, Mazars constantly strives to identify and integrate top talents from firms that share its values and demonstrate excellence and continued professionalism. ...
Monex Group Reports Monthly Consolidated Financial Results (IFRS)
April 30th, 2015
Monex Group, Inc. (TSE 8698, Oki Matsumoto, Representative Executive Officer and CEO) today reported the following monthly consolidated financial results of Monex Group, Inc. for March 2015. Please note that the figures stated below are un-audited and, in some ...
