Search Results for: Global Payments
BitQuick’s New Campaign
October 29th, 2014
BitQuick is challenging USA and Europe to sell their bitcoins by using Bitquick.co. “We’re calling it the BitQuick challenge,” says Founder Jad Mubaslat. “We’re so confident users will come back, that we’re giving away $10 or 0.03 BTC, whichever ...
CPMI and IOSCO issue report on the recovery of financial market infrastructures
October 16th, 2014
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have published a report entitled Recovery of financial market infrastructures. The report provides guidance to financial market infrastructures (FMIs) such as central counterparties ...
Ireland Considers changes on Corporate Tax
October 13th, 2014
Multinational companies are bracing for their last serving of the “Double Irish.” Ireland is expected on Tuesday to announce changes to its tax code that could eventually close one of the world’s most famous corporate-tax loopholes, dubbed the Double ...
Surveys Confirm FATCA Compliance Burden
October 10th, 2014
Both the Securities Industry and Financial Markets Association (SIFMA) and Mindtree, a global technology services company, have pointed out the immense global compliance costs and issues posed by the Foreign Account Tax Compliance Act (FATCA) to the financial services ...
Democracy or Idiocracy?
October 9th, 2014
In Cyprus, we live in a democracy characterised by government by the people and/or their elected representatives: constitutional guarantees, free and fair elections, a parliament of elected members, separation of legislature and the executive, an independent judiciary, and so ...
China opts for currency push
October 8th, 2014
Asia giant wants to make the renminbi part of an ubiquitous monetary unit used in official transactions around the world. China is bidding to enter the heart of global finance by establishing its currency, the renminbi, as part of ...
Financial crisis a reason for late tax payment
September 18th, 2014
Sometimes bad economic news can be good news for taxpayers. A judge has ruled that the recession was a reasonable excuse for a family business to not pay a VAT bill on time. Scrimsign Micro Electronics, which makes electronic ...
Argentina’s Congress passes debt restructuring law
September 11th, 2014
Argentina’s Congress gave final approval on Thursday to a law proposing to restructure the country’s debt to skirt a U.S. court ruling that forced it into its second default in 12 years. The debt restructuring plan aims to enable ...
Belize Firm Charged in $500 Million Tax-Evasion Scheme
September 10th, 2014
IPC Management Services LLC, a Belize-based investment firm, and its founder were accused of a $500 million scheme to launder money and hide investments as part of a U.S. crackdown on tax evasion. Robert Bandfield, a U.S. citizen, was ...
GSK China consumer healthcare unit linked to DOJ probe in 2012
September 9th, 2014
A U.S. anti-bribery probe into GlaxoSmithKline Plc (GSK.L) touched on the firm’s Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker’s compliance problems in China could go wider than previously revealed. GSK confirmed it had conducted ...
