Search Results for: tax authority
Real Estate Investment Trust (REIT)
November 30th, 2015
In the aftermath of the Cyprus economic crisis, one sector that has been suffering for some time now is the real estate and construction industry. One could argue though that a major reason for the crisis is the overexpansion ...
A stronger Banking Union: New measures to reinforce deposit protection and further reduce banking risks
November 25th, 2015
Today, the Commission has proposed a euro-area wide insurance scheme for bank deposits and has set out further measures to reduce remaining risks in the banking sector in parallel. The recent crisis has shown that large economic and financial ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
Amazon and eBay ‘liable’ if they ignore VAT fraud
November 2nd, 2015
Amazon and eBay could be liable for billions of pounds in unpaid VAT if they fail to properly investigate traders using their sites to escape sales tax, the BBC has learned. The online marketplaces could be legally required to ...
Barclays sets aside £290m for foreign exchange compensation
October 30th, 2015
Provision for customers takes Barclays’ legal bill to £2.3bn in nine months, as critics say latest move does little to restore company’s tarnished reputation Barclays is embroiled in yet another scandal after admitting it expects to pay £290m to compensate ...
Isle Of Man To Unify Financial Regulators
October 27th, 2015
The Isle of Man Financial Services Authority will come into being on November 1, when three of the island’s regulators will merge. The FSA will take over the roles of the Isle of Man Financial Supervision Commission, the Insurance ...
Norway Plans Zero VAT Rate For Digital News
October 27th, 2015
The Norwegian Government has announced that it will levy a zero percent rate of value-added tax (VAT) on digital news, to level the industry playing field. The rate will be installed in 2016 at a cost of NOK350m (USD41.8m) ...
Regulatory authorities of Italy and Belgium warn the public for unauthorised investment firms
October 13th, 2015
The Commissione Nazionale per le Società e la Borsa (Consob), the regulatory authority of Italy and the Financial Services and Markets Authority (FSMA), the regulatory authority of Belgium, have issued “Warning” announcements to inform investors and public for companies ...
Deutsche Bank announces anticipated charges impacting third quarter 2015 results
October 8th, 2015
Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) expects to incur charges that will materially impact third quarter 2015 results: An impairment of all goodwill and certain intangibles in Corporate Banking & Securities (CB&S) and Private & Business Clients (PBC) of approximately ...
UBS Unit to Pay $34 Million in Settlements Over Puerto Rico Bond Funds
September 30th, 2015
Settlements stem from former broker who had customers invest borrowed money in the funds A unit of UBS Group AG agreed to pay roughly $34 million in settlements with U.S. regulators regarding the sale of Puerto Rico bond funds ...
