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Italy uncovers EUR 1.7 bn vast corporate fraud

October 22nd, 2014 (0)
Italy’s financial police on Tuesday said they had broken up a ring of companies they believe used false accounting to defraud the state out of 1.7 billion euros ($2.2 billion) of tax. “The illegal activity has led, over the ...

Gas Deal Eludes Russia and Ukraine, but talks will continue

October 22nd, 2014 (0)
The standoff between the two countries, in which Russian gas deliveries have been halted over Ukraine’s unpaid gas bill, has Europe worried about its winter supplies. Russian and Ukrainian officials meeting on Tuesday failed to reach a deal that ...

KPMG targets SMEs with new division

October 21st, 2014 (0)
Business advisory firm KPMG today launched a new arm aimed at providing affordable services to small and medium-sized firms. KPMG Enterprise has been kicked off with a £40m investment. Jon Holt, office senior partner at KPMG in Manchester, said: ...

Britain Urged to Step Back in Feud With E.U.

October 21st, 2014 (0)
José Manuel Barroso, the departing president of the European Commission, said Britain’s confrontational stance with European Union states is hurting its chances of winning the policy changes it wants. The departing president of the European Commission warned Britain on ...

UK Tax Gap Widens

October 20th, 2014 (0)
The UK tax authority, HM Revenue and Customs (HMRC), has revealed that the UK tax gap grew to 6.8 percent in the fiscal year 2012-13, up 0.2 percent year-on-year. The tax gap, which measures the amount of tax that ...

Australia 200 – Desperately Trying to Return to Above 5400

October 20th, 2014 (0)
Australia 200 for Monday, October 20, 2014 Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...

The future of the Shanghai Cooperation Organisation

October 17th, 2014 (0)
China recently reaffirmed that it backs India and Pakistan becoming members of the Shanghai Cooperation Organisation (SCO). At the 14th meeting of the Council of Heads of States of SCO on 12 September, Chinese President Xi Jinping called for ...

ICAEW fines member for improper tax claims

October 17th, 2014 (0)
An ICAEW member was severely reprimanded and fined £32,500 for submitting and later amending a personal self assessment tax return that he knew included improper claims against self employed income, or should have known he could not claim those ...

Australia 200 – Continuing to Fight to Stay Above 5200

October 17th, 2014 (0)
Australia 200 for Friday, October 17, 2014 Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...

BoE lashes out at EU bonus cap rules

October 17th, 2014 (0)
The Bank of England has launched a full-blooded counter-attack on the EU cap on banker bonuses, calling it the “wrong policy” just one day after European regulators tried to stop banks from dodging the rule. In a sign of ...
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