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Apple & China UnionPay to Bring Apple Pay to China

December 18th, 2015 (0)
Apple® and China UnionPay today announced a partnership to bring Apple Pay®, which transforms mobile payments with an easy, secure and private way to pay, to China. China UnionPay cardholders will be able to easily add their bank cards ...

Cyprus, Ukraine Agree To Replace Temporary DTA

December 15th, 2015 (0)
Cyprus and Ukraine have agreed the text of a double tax agreement that will likely replace their existing pact from January 1, 2019. The deal will newly include a most favored nation (MFN) clause for taxes on interest, dividends, ...

Plus 500:Dividend Declaration

December 15th, 2015 (0)
Dividend Declaration Further to the announcement dated 23 November 2015, Plus500 has issued today a press release to inform that the firm declare an interim dividend in respect of the 6 month period to June 2015 of $0.2121 per share, with a total ...

ASIC implements clearing regime in Australia for OTC derivatives

December 14th, 2015 (0)
ASIC has today released rules implementing Australia’s mandatory central clearing regime for over-the-counter (OTC) derivatives of financial institutions – the ASIC Derivative Transaction Rules (Clearing) 2015 (derivative transaction rules (clearing)) and explanatory statement. The mandatory central clearing regime will ...

EU finances the Single Resolution Fund

December 9th, 2015 (0)
ECOFIN Ministers reaffirm the importance of deepening the Banking Union in the context of a well-functioning Economic and Monetary Union. Following the successful establishment of the Single Supervisory Mechanism (SSM), we welcome the forthcoming entry into force of the ...

Le Pen Scores Historic Victory in France’s Regional Elections

December 7th, 2015 (0)
Hollande’s Socialists relegated to third place behind Sarkozy Elections were held amid high security with army patrols France’s far-right National Front is on course for an unprecedented victory in the first round of regional elections, dealing an electoral blow ...

EU Hits McDonald’s With Full-Blown Tax Investigation

December 4th, 2015 (0)
U.S. fast-food chain’s Luxembourg unit has paid ‘virtually’ no corporation tax on profits since 2009 European Union regulators confirmed Thursday they have opened a full-blown probe into McDonald’s Corp.’s tax affairs in Luxembourg, warning that a tax deal granted ...

SEC: Grant Thornton Ignored Red Flags in Audits

December 3rd, 2015 (0)
The Securities and Exchange Commission announced that national audit firm Grant Thornton LLP and two of its partners agreed to settle charges that they ignored red flags and fraud risks while conducting deficient audits of two publicly traded companies that ...

A stronger Banking Union: New measures to reinforce deposit protection and further reduce banking risks

November 25th, 2015 (0)
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 ...

Tax transparency and reform leave nowhere to hide for tax functions of the future on data demands

November 19th, 2015 (0)
Employees in tax functions need to fundamentally change the way they use and gather data if they are to meet the growing demands on business of tax transparency, reform and technology enabled decision making. PwC’s latest research into the ...
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