Search Results for: GAIN capital
Tax owed on full sale price where taxpayer won’t provide cost basis information
May 6th, 2014
The Eleventh Circuit Court of Appeals upheld a deficiency notice of more than $5 million against a taxpayer who reported adjusted gross income of $22,921 and taxable income of $13,221 on his late-filed 2006 return (Hoang, No. 13-14398 (11th ...
Russia Knows Europe Sanctions Ineffective With Tax Havens
May 5th, 2014
Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe. “You can rely on our legal system!” the ...
Barclays, Credit Suisse Battle Banker Exodus, Legal Woes
May 5th, 2014
Barclays Plc (BARC), Credit Suisse Group AG and UBS AG (UBSN) will face questions this week about key banker departures, legal challenges and their efforts to boost profitability. Barclays last week lost three top bankers in the U.S. and ...
Tax inspections in Greece are increasing
April 30th, 2014
It’s Saturday night going on Sunday morning at a club near the gated homes of the Greek elite in northern Athens as two men and a woman in business suits push through the crowd and demand to see the ...
UK economy is fast growing
April 30th, 2014
The U.K. now has one of the fastest-growing economies in the developed world. With growth expanding at a 3 percent annual rate as a strong housing market and manufacturing lead the way, the country’s economy is the envy of ...
Bank of America Lost $2.7 Billion in a Maze of Accounting
April 29th, 2014
Last month, Citigroup failed the Fed’s stress test because, even though it would meet minimum capital requirements in a severely adverse scenario, the Fed wasn’t comfortable with Citi’s capital planning process. Meanwhile, Bank of America passed the stress test ...
Invesco Fined, EU Stress Test, Libor Charges: Compliance
April 29th, 2014
Invesco Perpetual (IPE) was fined 18.6 million pounds ($31.3 million) for failing to comply with risk limits or tell clients about the use of derivatives as leverage in their funds. Invesco Perpetual, the largest retail investment manager in the ...
Buy London Mansions on Russia Sanctions
April 28th, 2014
Targeted sanctions against Russians and pro-Russian Ukrainians are proving a boon to London’s real estate market. Some of the $51 billion that fled Russia in the first quarter of 2014 is headed there, with attempts by the U.K. government ...
GE Battles for Alstom as Siemens Wins French Support
April 28th, 2014
Jeffrey Immelt is trying to defend General Electric Co. (GE)’s largest-ever acquisition, after French officials imperiled the attempt by urging Alstom SA (ALO) to consider a rival offer from Germany’s Siemens AG. (SIE) The chief executive officer of GE ...
S&P Lowers Russia’s Currency Ratings
April 25th, 2014
Standard and Poor’s Financial Services, or S&P, on Friday lowered Russia’s currency ratings, and hinted at the possibility of a further sovereign rating downgrade if the country’s failing creditworthiness, hurt by slowing economic growth and sanctions from the Ukraine ...
