Search Results for: Allen
Fifa ethics head Michael Garcia won’t look at new corruption allegations
June 3rd, 2014
Millions of files raise fresh questions over Qatari bid for the 2022 World Cup, with Garcia’s report on the issue due 9 June. Fifa’s chief ethics investigator will not consider millions of documents underpinning a new wave of corruption ...
Demographics, reforms, globalisation can make India a $5-trillion economy by 2025
June 3rd, 2014
Propelled by the three “success factors” of favourable demographics, globalisation and productivity-boosting reforms, India’s trend growth rates have been rising since the 1980s. Over the last decade, GDP growth has averaged 7.6%, compared with 6.1% in ’90s and 4.6% ...
GASB pension reporting: How to obtain and audit key numbers
June 2nd, 2014
State and local government employers who participate in multiple-employer defined benefit pension plans—and the governments’ auditors—may have difficulty obtaining data required by GASB’s new pension standards to prepare employer financial statements and auditing such information. GASB Statement No. 67, ...
Obama aims to suggest cuts to Power-Plant Emissions
June 2nd, 2014
President Barack Obama will propose cutting greenhouse-gas emissions from the nation’s power plants by an average of 30 percent from 2005 levels, a key part of his plan to fight climate change that also carries political risks. The proposal ...
Bitcoin’s Futile Quest to Be a Currency
June 2nd, 2014
Bitcoin is a fascinating and ingenious technology, but most promoters are mindful of neither the monetary nor the tax issues. For all practical purposes IRS regulations issued in March preclude bitcoins from being used as an alternative currency. The ...
How Should We Tax the Digital Economy?
May 29th, 2014
The European Commission has received the final report of the High-level Expert Group on Taxation of the Digital Economy. This independent group was asked to examine key issues related to taxing the digital economy in the EU, and to ...
Credit Agricole Said to Accuse EU of Bias in Euribor Case
May 28th, 2014
Credit Agricole SA (ACA), which refused to settle an antitrust probe over Euribor manipulation, accused European Union regulators of bias and said they should step down from the case, according to two people with knowledge of a letter the ...
Nasdaq Nears 13-Year High as Technology Goes From Hated to Loved
May 28th, 2014
Technology stocks are back. A four-day rally in the Nasdaq 100 Index has pulled the gauge within 0.1 percent from erasing a 7.5 percent selloff from earlier this year. Exchange-traded funds that buy computer and software shares absorbed $1.1 ...
Dear Investors: China’s Problems Are Your Problems
May 27th, 2014
I have long argued that it will take a sizable shock to switch the current “risk on” investment climate to one of “risk off.” The robust U.S. stock market persists even though the housing recovery has stagnated, labor markets ...
Cyprus Savers Sue ECB, Commission Amid Losses in Rescue Plan
May 27th, 2014
Cyprus bank depositors sued the European Central Bank and the European Commission for putting them in the firing line as part of last year’s rescue package for the crisis-hit Mediterranean nation. The savers filed four lawsuits demanding compensation after ...
