Search Results for: NFA
ACCA: Tax offence penalises ‘simple ignorance’
November 3rd, 2014
The creation of a new, strict liability offence to tackle offshore tax evasion may have serious unintended consequences, the Association of Chartered Certified Accountants (ACCA) has warned. In its formal response to HMRC’s consultation on the proposed new offence, ...
Gulf economies edge toward reform as oil price slides
November 3rd, 2014
When Kuwait’s government said last month that it planned to raise domestic prices of diesel fuel and kerosene, some angry Kuwaitis took to Twitter to denounce the move as unfair. The austerity measures are small compared to the tens ...
The TPP’s Missing Ingredient
October 23rd, 2014
Looking for ways to stimulate economic growth and create jobs, US President Barack Obama’s administration is seeking to press ahead with the mega-regional free-trade deal known as the Trans-Pacific Partnership (TPP). But is the US going about it the ...
In Turnabout, Former Regulators Assail Wall St. Watchdogs
October 23rd, 2014
When former top government officials become white-collar defense lawyers, they still wield influence when they weigh in on enforcement matters. I was attending the Securities Enforcement Forum, a gathering of top regulators and white-collar defense worthies. The marquee section ...
U.S. Court hears arguments on sex discrimination at Goldman Sachs
October 23rd, 2014
Goldman Sachs Group on Wednesday attacked expert evidence offered by attorneys for former female employees in a U.S. federal sex discrimination lawsuit, arguing there was no pattern of gender-based pay and promotion disparities at the bank. In the first ...
KPMG targets SMEs with new division
October 21st, 2014
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: ...
Switzerland, EU finalize agreement on Corporate Tax Reform
October 17th, 2014
Switzerland and member states of the European Union (EU) have signed a joint statement that reaffirms Switzerland’s commitment to abolish contested corporation tax regimes and EU member states’ pledge to lift countermeasures. The agreement was signed on October 14, ...
The Age of Vulnerability
October 13th, 2014
Two new studies show, once again, the magnitude of the inequality problem plaguing the United States. The first, the US Census Bureau’s annual income and poverty report, shows that, despite the economy’s supposed recovery from the Great Recession, ordinary ...
HSBC boss Alan Thomson quits and bankers mutiny over jail threat
October 8th, 2014
Top bankers are quitting the industry in protest at new rules which mean senior staff in failed banks could face jail unless they prove themselves innocent, with one HSBC boss leaving and another threatening to go yesterday. Their actions ...
Libya’s Sovereign Fund and Goldman Sachs Clash in Court
October 7th, 2014
A witness in a lawsuit against Goldman Sachs brought by the Libyan Investment Authority says she was stunned by a lack of due diligence in $1.2 billion in trades designed by Goldman. When Catherine McDougall, a lawyer from Allen ...
