Search Results for: European law
EU Requires Belgium, France To End Port Tax Breaks
August 1st, 2017
Belgium and France must abolish corporate tax exemptions granted to their ports so as to align their tax regimes with European Union state aid rules, the European Commission has said. In a statement issued on July 27, the Commission ...
CySec fined an executive director of a Cyprus Investment Firm
July 31st, 2017
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform the public that, at its meeting held on 26 June 2017, decided to impose an administrative fine of €10.000 to Mr. Charalambos Kiritsis ...
German automakers might face EU fines after allegations but no global legal threat, analyst says
July 26th, 2017
“I still don’t see a major global legal threat here,” Arndt Ellinghorst, head of global automotive research at Evercore ISI, told CNBC on Tuesday. EU antitrust officials confirmed Saturday they had started investigating allegations of a cartel among a ...
The logic of a modern gold standard
July 14th, 2017
The logic of a modern gold standard In last week’s Insight, I analysed the current geopolitical situation and concluded that it was now in the interest of the Shanghai Cooperation Organisation to break from the US dollar completely, ...
CySec suspends the license of a Cyprus Investment Firm
July 14th, 2017
The Cyprus Securities and Exchange Commission (CySec) announces that the authorisation of the Cyprus Investment Firm OptionRally Financial Services Ltd (‘the Company’), number 220/13, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets ...
The U.S. dollar weakened on Trump Jr. Emails; Yen, Korean won lead currency gains
July 12th, 2017
The U.S. dollar weakened against its G-10 peers and European equity futures rose as attention turned to central bank policy after markets were rattled by reports of Donald Trump Jr.’s contact with a Russian lawyer. U.S. equity futures were ...
Why free trade and open markets in financial services matter; Andrew Bailey, FCA Chief Executive
July 11th, 2017
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has released a speech by Andrew Bailey, Chief Executive of the FCA, at Reuters Newsmaker event. According the release: Note: this ...
Barclays and former executives charged with fraud conspiracy
July 3rd, 2017
Ex-CEO John Varley, Roger Jenkins among four men charged Charges relate to Barclays’s 2008 capital raising with Qatar Barclays Plc and four former executives will appear in a London court for the first time Monday to face allegations they ...
The New EU Rules for Anti-Money Laundering and Tax Avoidance Enter Into Force
June 28th, 2017
Strengthened EU rules to tackle money laundering, tax avoidance and terrorism financing enter into force The Juncker Commission has made the fight against tax avoidance, money laundering and terrorism financing one of its priorities. On June 26,2017 the Fourth ...
ACCA welcomes the EU Commission’s proposal on taxation information amendment
June 26th, 2017
More tarnsparemncy over aggressive Tax planning arrangements and Beneficial Ownership is welcome, but a balanced and consistent implementation is needed to maintain a level playing field, says ACCA ACCA (the Association of Chartered Certified Accountants) welcomes the European Commission’s ...
