Search Results for: tax
Indian payments industry set for rapid changes
June 30th, 2016
Initiatives such as Jan Dhan Yojana, Aadhaar and mobile technology are giving a boost to banking and payments The amount of cash in circulation in India is estimated at around 18% of the country’s gross domestic product (GDP), making ...
Europol: Searches, seizures and arrests were carried out in eight EU countries against a criminal network involved in international VAT fraud and money laundering
June 30th, 2016
Yesterday, from a coordination centre at Eurojust, Europol supported an international action day against a criminal network involved in international VAT fraud and money laundering defrauding EU citizens of approximately EUR 57 million in tax revenues via companies selling ...
CySec published Consultation Paper regarding the obligations of CIFs when providing information to clients and invites comments and suggestions submission
June 29th, 2016
The Cyprus Securities and Exchange Commission has published a Consultation Paper of the Cyprus Securities and Exchange Commission regarding a proposed circular on the obligations of CIFs (Cyprus Investment Firms) when providing information to clients in relation to services and instruments ...
FRC to investigate KPMG over HBOS audit
June 29th, 2016
The Financial Reporting Council (FRC) has announced it will be holding an investigation under the accountancy scheme into the conduct of KPMG’s audit of HBOS for the year ended 31 December 2007, after coming under severe criticism for failing ...
Global law firm Baker & McKenzie announced 85 partnership promotions
June 29th, 2016
Combining this year’s promotions and new lateral talent, the Firm added 150 partners. Premier global law firm Baker & McKenzie announces election of 85 new partners. This latest investment in the Firm’s expertise grows the total number of partners ...
Brexit Aftermath: First Thing We Do, Hire All the Lawyers
June 28th, 2016
The U.K.’s decision to leave the European Union means years of uncertainty for bankers and investors—and years of extra work for lawyers. Members of the bar and their colleagues at accounting and consulting firms are shaping up as the ...
F. Lee Bailey, Lawyer for O.J. Simpson, Files for Bankruptcy Tied to IRS Dispute
June 28th, 2016
F. Lee Bailey, a defense attorney who gained fame for his work in two sensational 1960s cases and later was part of O.J. Simpson’s “Dream Team,” filed for personal bankruptcy, saying he’s more than $5 million in debt. Besides ...
Will Brexit affect Brits buying homes in the EU?
June 27th, 2016
According to UN figures, around 1.2 million Brits currently live elsewhere in the EU, with many located in France, Spain and Ireland. It is unclear how the Brexit outcome of the EU referendum will affect them – or property ...
Law firms seeing Brexit as an opportunity for more work coming
June 27th, 2016
As companies worldwide digest the news of what Britain’s exit from the European Union means for their business, lawyers are positioning themselves to dole out quick advice—and fill their coffers while doing so. Already, U.S. law firms with an ...
What does Brexit mean for EU citizens in Britain – and Brits in Europe?
June 27th, 2016
The 3m non-British UK residents and 1.3m Britons living in the EU need to know what the result means in practice Europeans living in Britain For many of the estimated 3 million non-British EU citizens living in the UK, ...
