Search Results for: European Commission
EU Lays Down the Law on Tax Deals as Apple Probe Continues
May 20th, 2016
EU regulator clarifies rules for profit-shifting arrangements Transactions between units should be at market prices The European Union, locked in a tax battle with the likes of Apple Inc. and McDonald’s Corp., laid down the law in its bid ...
EU Council confirms securities market rules MiFID II delay
May 20th, 2016
On 18 May 2016, the Permanent Representatives Committee (Coreper) approved, on behalf of the Council, an agreement with the European Parliament on a one-year delay to new securities market rules. The one-year postponement of the transposition and application dates will ...
ECommPay: Regulations of FOREX industry
May 18th, 2016
Forex (FX) regulation is crucial to both security and mutual trust between traders and operators. Companies operating from jurisdictions lacking in regulatory supervision are able to do so in an unfair and illegal manner without facing serious repercussions. Moreover, ...
CySec is asking CIFs to close monitor the risks they are exposed in a possible Brexit
May 17th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform Cyprus Investment Firms in relation with monitoring of risks due to a possible Brexit. CySec informs that in case of a possible exit of the UK, ...
France to Publicize Beneficial Ownership Information
May 17th, 2016
France intends to put in place “as soon as possible” a central registry of information on the beneficial owners of companies and trusts, which will be open to the public. The pledge was made by the French Government as ...
Prosecutors demand jail for ex-PwC’s accountants
May 12th, 2016
During the last hearings of the LuxLeaks trial, prosecutors have asked for a 18-month jail sentence for Antoine Deltour and Raphaël Halet, both ex-PwC accountants who blew the whistle over the accountancy firm’s role in brokering sweetheart tax deals ...
FSMA added new companies on its list of unauthorised investment firms in Belgium
May 5th, 2016
The Financial Services and Markets Authority (FSMA) has issued an announcement to inform that the Authority has updated its list of providers of/intermediaries in binary options and forex products, “recovery rooms” and “boiler rooms”, all operating unlawfully in Belgium. Below is ...
EU backs crowdfunding as alternative funding source for startups
May 4th, 2016
The European Commission gave its backing to the use of crowdfunding as an alternative source of finance for start-ups in the EU Member States, in a report on the sector published on Tuesday. Crowdfunding is an open call to ...
Seven big banks settle U.S. rate-rigging lawsuit for $324 million
May 4th, 2016
Seven of the world’s biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday, ...
EU VAT reforms could see the UK businesses charging VAT in the country where their customers are located
April 28th, 2016
EU VAT reforms could see the UK businesses charging VAT in the country where their customers are located, a London accountancy firm has claimed. The European Commission aims to extend the Mini One-Stop-Shop (MOSS) scheme, currently applicable to business to ...
