Search Results for: EC
Tax Havens Put U.S. Filers on Hook for $1,259 Each, Report Says
April 16th, 2014
U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report. “Tax haven abusers ...
HMRC targets evasion in further power push
April 16th, 2014
Further powers are set to be afforded to HM Revenue & Customs as the government looks to tighten the noose on those holding funds offshore and maximise its revenues. Already, the taxman has added to its arsenal. Avoidance schemes ...
Asia shares rise, shrug off slower China growth
April 16th, 2014
Shares rose Wednesday in Asia as positive sentiment from strong corporate earnings outweighed Ukraine’s crisis and slower economic growth in China. The Nikkei jumped 2.5 percent to 14,347.41 as a weaker yen boosted exporter stocks and Softbank Corp. shares ...
Oil falls to near $103 ahead of Ukraine meeting
April 15th, 2014
The price of oil fell to near $103 a barrel Tuesday ahead of talks aimed at defusing tensions between the West and Russia over Ukraine. By early afternoon in Europe, benchmark U.S. crude for May delivery was down 92 ...
German company starts gas deliveries to Ukraine
April 15th, 2014
German utility company RWE said Tuesday it has started sending natural gas to Ukraine, a move that could support the country if Russia acts on its threat to cut off supplies because of a massive debt for past deliveries. ...
Extra Rights Should Mean Extra Responsibilities
April 15th, 2014
Ordinary people have suffered huge disruption to their lives through a loss of jobs & opportunity because of the colossal mistakes of self-declared ‘Masters of the Universe’ chasing ever-bigger financial rewards within the banking industry. To add insult to ...
Coca-Cola’s 1Q profit dips, but more drinks sold
April 15th, 2014
Coca-Cola’s first-quarter profit fell nearly 8 percent as the world’s biggest beverage maker faced a stronger dollar and made structural changes abroad. But the company sold more of its drinks worldwide, and its earnings matched expectations. The Atlanta-based company ...
Foreign investors’ figures favourable for Cyprus
April 15th, 2014
Foreign investors showed great interest in Cyprus in 2013 due to the Government’s scheme offering citizenship and permanent residence on the island, Minister of Interior, Socrates Hasikos has revealed. According to the Cyprus News Agency, Hasikos said that the ...
EU lawmakers to complete financial system overhaul
April 15th, 2014
The European Parliament is set to approve legislation that will complete the biggest overhaul of the bloc’s financial system since the introduction of the euro currency. Lawmakers in Strasbourg on Tuesday are slated to sign off on the establishment ...
GASB Sets Guidelines for Measuring Assets and Liabilities
April 15th, 2014
The Governmental Accounting Standards Board (GASB) on Monday defined two approaches for measuring assets and liabilities, which officials said will guide the standard-setting organization in establishing accounting and financial reporting standards for state and local governments. The two approaches, ...
