Search Results for: ASIC
Mark McIvor fined and convicted for failing to assist liquidator
September 3rd, 2014
The founder and former director of Equititrust Limited, Mr Mark McIvor, has been convicted and fined $10,000 after failing to assist the liquidator appointed to his three companies. Mr McIvor, of the Gold Coast, was found guilty in the ...
Companies avoid U.S. tax system but investors lose returns
August 18th, 2014
Establishing a tax domicile abroad to avoid U.S. taxes is a hot strategy in corporate America, but many companies that have done such “inversion” deals have failed to produce above-average returns for investors, a Reuters analysis has found. Looking ...
Anti-Terrorism Trial of Mideast Bank Worries the Financial World
August 14th, 2014
The judge called it the Beirut account. It was a basic bank account at Arab Bank’s Al-Mazra branch in Beirut, Lebanon, unremarkable except for the name on the account: Osama Hamdan, a spokesman for the terrorist group Hamas. The ...
Sydney man charged with insider trading
August 12th, 2014
Australian financial regulator ASIC, alleges that trader has earned $20,000 from insider information in trading and now faces jail and fine. A 31-year old Sydney man today appeared before court charged with eight counts of insider trading, following an ...
Australian regulator jails former director
August 7th, 2014
Mr Bill Katsabis, a former director of P.G. & N. Enterprises Pty Ltd (in liquidation) (P.G. & N) has been sentenced to two years and three months imprisonment following an ASIC investigation. Appearing in the County Court in Melbourne ...
Free, Unlimited, Forever – BitPay’s New Pricing Plan
August 6th, 2014
BitPay continues to break down barriers for merchants looking to accept Bitcoin. The payment processor launched an exciting new pricing plan for businesses that will ultimately eliminate every hesitation for whether a company should accept Bitcoin as payment for ...
Tax Inversion: What’s the Real Story?
August 5th, 2014
Tax inversion is turning the country inside out. Although the rhetoric flying back and forth is complex, the basic premise is actually quite simple: Multi-national corporations that are reaping profits after taking advantage of favorable U.S. laws are relocating ...
Credit Suisse AG pays $88,400 infringement notice penalty
August 4th, 2014
The Australian Securities and Investments Commission has published the following announcement regarding a fine charged against Credit Suisse AG: Credit Suisse AG (“Credit Suisse”) has paid a penalty of $88,400 to comply with an infringement notice given to it ...
Nikkei Previews: run against them to get your face ripped off!
August 4th, 2014
Japanese second quarter results season peaked last week with the Nikkei newspaper playing its role as broadcaster of results days in advance of the actual company announcements. Japanese regulators continue to turn a blind eye to the now common ...
Corporation tax and CGT
August 1st, 2014
Summarize of the key measures in Finance Act 2014, Andrew Goodall sets out the main corporation tax and capital gains tax provisions in part one of the act. Corporation tax Rates Finance Act 2013 fixed the main rate for ...
