Search Results for: taxes
U.S. Warns Apple Tax Probe in Europe Could Set ‘Undesirable Precedent’
August 25th, 2016
Just weeks before the European Commission is expected to make a decision in its landmark Apple tax probe, the U.S. Treasury department has criticized the Brussels-based body for “threatening international agreements on tax reform,” and warned that a decision against ...
SEC charged Apollo Global Management for misleading fund investors
August 24th, 2016
The Securities and Exchange Commission today announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement for misleading fund investors about fees and a loan agreement and failing to supervise ...
Will Sugar Tax in UK make a positive impact on tax revenues?
August 22nd, 2016
New research says that sugar taxes in the UK would not make a positive impact on tax revenues, nor would they reduce waistlines. New research released on August 22nd by the UK think-tank Institute of Economic Affairs (IEA) indicates that introducing ...
Winning an Olympic medal comes with a tax bill
August 18th, 2016
Many of the country’s best athletes have given the U.S. big wins at this year’s Olympics, and the U.S. is going to give them something right back: a tax bill. That’s right — winning an Olympic medal comes with ...
TradeFx fired 80 workers in Israel; Playtech Cyprus Ltd looking to reduce the space planned to rent
August 11th, 2016
Sources inform “Globes” that following a wave of layoffs, Playtech Cyprus Ltd. (LSE:PTEC), managed by CEO Mor Weizer, notified Azrieli Group Ltd. (TASE: AZRG) last week that it was reducing the amount of space it had planned to rent in the new business tower ...
Tui sticks to earnings target as terror reroutes tourist flows
August 11th, 2016
Sales growth won’t meet previous target of at least 3% Occupancy, prices at RIU hotels rise on Spanish travel gains TUI AG, Europe’s largest tour operator, cut its forecast for sales growth this year in a further sign that ...
China proposes global tax system at G20
August 10th, 2016
China’s Finance Minister Lou Jiwei proposed development of a new international taxation system at a G20 meeting in Chengdu over the weekend, joining a global movement aimed at stopping companies and individuals from exploiting discrepancies in different countries’ laws ...
Greek Government Reports Nearly EU 1 Billion in Tax Evasion Fines, Asset Seizures
August 3rd, 2016
The Government of Greece has opened hundreds of tax-evasion cases against citizens suspected of hiding assets outside of country borders, already assessing some EU 810 million in fines from suspected scofflaws, according to Special Financial Prosecutor Panagiotis Athanasiou. The government, which began ...
First Data reports second Quarter 2016 financial results
August 2nd, 2016
First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today reported financial results for the second quarter ended June 30, 2016. Consolidated revenue for the second quarter was $2.9 billion, up 2% versus the prior year ...
Europe expected to retreat at open
August 2nd, 2016
European stocks were lower in morning trade Tuesday, dragged down by banking shares as worries about the health of the region’s lenders continued to weigh on sentiment. The pan-European STOXX 600 was down 0.71 percent. The banking sector was once again ...
