Search Results for: EC
Alibaba gives more business details ahead of IPO
June 16th, 2014
Alibaba is pulling back the curtain a little bit more, providing more information about its partnership structure and financials ahead of its planned initial public offering. China’s biggest e-commerce company filed for an initial public offering in the U.S. ...
Federal Banking Regulators Finalize Joint Supplemental Guidance on Income Tax Allocation Agreements
June 16th, 2014
U.S. Federal banking regulators issued final supplemental guidance on income tax allocation agreements involving holding companies and insured depository institutions. An aim of the guidance is to reduce confusion regarding ownership of tax refunds. The guidance supplements an interagency ...
France Confirms Tax Cuts
June 16th, 2014
The French Finance Ministry has presented a supplementary finance bill to the Council of Ministers, which provides for income tax relief worth over EUR1bn (USD1.4bn) for low-paid earners, a one-year extension to the corporate tax surtax, and commits to ...
European companies continue to be impacted by the sovereign debt crisis
June 16th, 2014
Despite signs of improving stability in the European economy, strong headwinds from the sovereign debt crisis continue to impact corporate defaults. The sovereign debt crisis affecting much of Europe continued to impact the economic stability of the entire continent ...
HK Targets Tax-Friendly Policies For Asset Management
June 16th, 2014
“As more wealth is generated in Mainland China, … Hong Kong is ideally positioned to facilitate the flow of capital from the Mainland in a controlled manner, acting as the asset management center for outbound capital from the ...
Credit Suisse and Yorkshire Building Society fined for failing to promote products
June 16th, 2014
The Financial Conduct Authority has slapped a unit of Credit Suisse and the Yorkshire Building Society (YBS) with millions of pounds worth of fines for failing to ensure that the promotion of a key financial product was clear, fair ...
BNP Keeps Investors Guessing About U.S. Sanctions Penalty
June 16th, 2014
BNP Paribas SA (BNP) has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations. The bank told shareholders at an annual meeting on May 14 that the settlement ...
Bank of England ‘puzzled’ by productivity gap
June 16th, 2014
The Bank of England says productivity is 16% below its pre-crisis trend – but says it is at a loss to understand why. Its latest quarterly bulletin says that since the onset of the 2007-08 financial crisis, labour productivity ...
‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise
June 16th, 2014
He’s known as Bitcoin Jesus in the world of cyber-currencies. Though he can’t promise you heaven, he is offering a haven: a condo in the Caribbean that comes with a new passport and almost zero taxes. Meet Roger Ver, ...
Hungary Verdict to Pave Way for $15 Billion FX Loan Plan
June 16th, 2014
Hungary’s supreme court will complete its precedent rulings today on foreign-currency mortgages, paving the way for the government to phase out loans worth about $15 billion. The court, known as Kuria, will brief reporters at 12:30 p.m. in Budapest ...
