Search Results for: European Commission
CySec on regulation for MMFs
July 2nd, 2014
In view of the upcoming discussions to the Council of the European Union, the Cyprus Securities and Exchange Commission (CySec) has published a press release for the attention of the supervised entities, the stakeholders and the investing public to ...
EU Set For Tariff Liberalizing Agreements With Eastern Partners
June 27th, 2014
The European Union (EU) is set to ink new Association Agreements with Georgia, Moldova and Ukraine that will eventually eliminate tariff barriers to trade. The EU will sign the deals in their entirety with Georgia and Moldova on June ...
Spain To Slash Income Tax Rates
June 26th, 2014
The Spanish Cabinet on June 20, 2014, approved reductions to corporate and individual income tax rates to boost investment and employment. Under the changes, the corporate tax rate will fall from 30 percent to 28 percent in 2015, and ...
ACCA welcomes new rules against money laundering and terrorist finacing
June 20th, 2014
The keywords in fighting money laundering and terrorist financing throughout Europe and worldwide are transparency and consistency between EU rules and the international approach, says global accountancy body In February 2013, the European Commission unveiled a package incorporating new ...
Three large multinationals under pricing investigations
June 18th, 2014
The European Commission has launched an investigation into the transfer pricing arrangements of three large multinationals about how they’re treated in three countries. The companies are Apple in Ireland, Fiat Finance and Trade in Luxembourg and Starbucks in the ...
New EU Bank-Creditor Loss Rules Leave Room for Confusion
June 13th, 2014
The European Union has served notice that senior bondholders will be in the firing line for losses when banks go bust, yet the law’s fine print leaves room for confusion. Policy makers from Michel Barnier to Jeroen Dijsselbloem have ...
Bank Recovery and Resolution Directive for CIFs
June 12th, 2014
The Cyprus Securities and Exchange Commission (CySec) is informing the Cyprus Investment Firms (‘the CIFs’) about Bank Recovery and Resolution Directive and on the Data requested by the EU Parliament as follows: 1. The European Parliament and the Council ...
Money Moves, India Tax Evaders, Credit Suisse: Compliance
June 10th, 2014
The U.S. Treasury Department said it sets limits while giving the nation’s intelligence agencies access to reports that banks file on suspicious or large money moves by customers, including information about Americans. The Treasury, saying it was responding to ...
CySec on ESMA’s regulation
June 6th, 2014
The Cyprus Securities and Exchange Commission (CySec) draws the attention of the supervised entities, the stakeholders and the investing public to the announcement of the European Securities Markets Authority (ESMA). This announcement refers to the publication of the following ...
EU to Decide Next Week on Irish, Dutch Tax-Breaks Probe
June 6th, 2014
The European Union may open a formal probe as soon as next week into tax breaks that Ireland and the Netherlands use to attract international companies, according to people familiar with the case. The European Commission is scheduled to ...
