Search Results for: Europe
Singapore and Thailand in early stage talks to connect e-payment systems
October 5th, 2017
Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash. The link would bring together Southeast Asia’s first national ...
EU ordered Luxembourg to collect around €250 million from Amazon
October 5th, 2017
The European Commission has issued a press release to inform on its conclusion that Luxembourg granted undue tax benefits to Amazon of around €250 million. According the press release, Commission finds Luxembourg gave illegal tax benefits to Amazon worth ...
EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action
October 4th, 2017
The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, highlighting the need for further reforms to tackle avoidance, error, ...
The euro, yen and pound advanced; dollar slips
October 4th, 2017
The rally in the dollar petered out as investors awaited President Donald Trump’s decision on the leadership of the Federal Reserve and gauged prospects for U.S. tax cuts. Bonds edged higher and Asian stocks were mixed after American indexes ...
UK’s Monarch Airlines goes bust, leaving hundreds of thousands of travelers in limbo
October 3rd, 2017
In the biggest peacetime repatriation, around 110,000 passengers will be brought back home, following the collapse of Britain’s Monarch Airlines. One of the oldest UK airlines’ ceased operations on Monday, canceling over 300,000 bookings. “Monarch customers in the UK: ...
Why the Euro is in negative picture
October 3rd, 2017
The euro doesn’t look like an attractive option in the short-term given political uncertainty in regions like northeastern Spain, currency strategists told CNBC Monday. Catalonia’s separatist calls add to a negative picture for the euro, traders say The euro-dollar ...
ESMA finalises MiFID II’s Derivatives Tradings Obligation
October 2nd, 2017
The European Securities and Markets Authority (ESMA) has issued its final draft Regulatory Technical Standard (RTS) implementing the trading obligation for derivatives under the Markets in Financial Instruments Regulation (MiFIR). ESMA’s draft RTS provides the implementing details for on-venue ...
Swiss bank UBS probed in Germany over alleged tax fraud
September 29th, 2017
Prosecutors have started an investigation into clients of Swiss bank UBS in Germany suspected of tax evasion. According to Reuters, about 130 prosecutors and tax investigators from the city of Bochum carried out searches of premises, including UBS’ offices. ...
Euro falls to one-month low as political worries heighten
September 27th, 2017
The euro fell to its lowest level in a month on Tuesday as worry about political fallout in Germany and other euro zone countries grew. A speech by French President Emmanuel Macron, who has called for a fundamental overhaul ...
More Than €10 Billion Traded on Bats LIS Since Launch
September 26th, 2017
Bats Europe, a CBOE Holdings, Inc. company and the region’s largest equities exchange operator, today reported that more than €10 billion has executed on Bats LIS, its block trading platform powered by BIDS technology, since its launch less than ...
