Search Results for: Global Payments
Embraer Paying $205 Million to Settle FCPA Charges
October 25th, 2016
The Securities and Exchange Commission today announced a global settlement along with the U.S. Department of Justice and Brazilian authorities that requires aircraft manufacturer Embraer S.A. to pay more than $205 million to resolve alleged violations of the Foreign ...
Singapore and South Korea sign cooperation agreement in FinTech
October 24th, 2016
The Monetary Authority of Singapore (MAS) and the Korean Financial Services Commission (KFSC) today signed a cooperation agreement to foster greater cooperation in FinTech. The signing took place at the sidelines of the FinTech Demo Day organised by the ...
FIA joined four industry trade associations in a proposed guidance on central counterparty risk
October 24th, 2016
FIA joined four industry trade associations in a response to proposed guidance from the Committee on Payments and Market Infrastructures (CPMI), the International Organization of Securities Commissions (IOSCO) on resilience and recovery of central counterparties (CCPs). FIA, along with the Global Financial Markets ...
PayPal reports revenue increased 18% to $2.667 billion for Q3
October 24th, 2016
Revenue increased 18% to $2.667 billion, 21% FX-neutral revenue growth GAAP EPS increased 8% to $0.27 and non-GAAP EPS increased 14% to $0.35 Global technology platform and digital payments leader PayPal Holdings, Inc. (Nasdaq: PYPL) announced strong third quarter ...
Dollar Climbs as Asian Stocks Advance Amid Earnings; Oil Falls
October 24th, 2016
Speeches by Fed officials may affect outlook for U.S. rates Offshore yuan sinks toward all-time low after record outflows The dollar strengthened versus most of its major peers, buoyed by the prospect of U.S. interest rates being raised at ...
The USA based Tax Foundation published the 2016 International Tax Competitiveness Index; Estonia is on Top
October 19th, 2016
Introduction The structure of a country’s tax code is an important determinant of its economic performance. A well-structured tax code is easy for taxpayers to comply with and can promote economic development, while raising sufficient revenue for a government’s ...
Cadbury’s Parent company made millions in profits but paid no corporation tax thanks to legal accounting techniques
October 17th, 2016
Cadbury’s American owners paid no UK corporation tax last year Parent company Mondelez UK made profits of £177million in 2015 It should have handed over £36million – but the company avoided payment Cadbury’s American owners were under fire last ...
Fiserv names new Group President
October 13th, 2016
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Devin McGranahan has been named president of its Billing and Payments Group, effective November 1, 2016. McGranahan succeeds Rahul Gupta, who will leave Fiserv in December 2016 to pursue other interests. McGranahan ...
Facebook challenged over £11.3 tax credit
October 10th, 2016
According to information filed at Companies House, Facebook paid £4.17m in corporation tax for the year to December 2015, and recorded sales of some £210m. However, the company also had a £11.3m credit to offset against future tax payments, ...
What the recent OPEC deal means for oil prices
October 6th, 2016
The September 28 Algiers accord by Opec to cap production within a range of 32.5 million to 33 million barrels per day was unexpected but very positive for sentiment. This was the first time Opec decided to trim output ...
