Search Results for: PRA
Why interest rates are rising long-term
November 23rd, 2018
There are growing expectations that the current cycle of rising interest rates will result in a deflationary recession. While a credit crisis is increasingly likely to evolve in the coming months, it is a highly inflationary situation. A ...
Switzerland gearing up for corporate tax changes
November 22nd, 2018
The Swiss Government has announced that, in preparation for a major overhaul of the tax system, existing practices on the taxation of principal companies and finance branches will not be applied to new companies as of 2019. The Government’s ...
The psychology of systemic consensus
November 16th, 2018
We are all too familiar with established views rejecting change. It has nothing to do with the facts. Officialdom’s mind is often firmly closed to all reason on the big issues. To appreciate why we must understand the ...
Mining bitcoin uses more energy than what’s needed to excavate gold, platinum or copper: study
November 8th, 2018
Extracting a dollar’s worth of cryptocurrency such as bitcoin from the deep Web consumes three times more energy than digging up a dollar’s worth of gold, according to researchers. There are now hundreds of virtual currencies and an unknown ...
Citibank agreed to pay millions to settle charges
November 8th, 2018
The Securities and Exchange Commission (SEC) announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign ...
Denmark pushes to widen probe into multi-billion-euro tax fraud
November 6th, 2018
Denmark is widening its investigation of a massive stock trading scam, as the state attempts to recover $2 billion of tax reclaims it was tricked into paying. The country’s tax minister has asked the financial regulator to gather information ...
Visa CEO Predicts 100 Million Contactless Cards in a Year
November 6th, 2018
Visa Inc. has been talking up contactless payments lately, though its executives and spokespersons usually dole out percentages rather than hard numbers to describe what is still a minuscule market in terms of card numbers and transaction volume. But ...
The formation of the Digital Currency Trade Association announced
November 5th, 2018
The Digital Currency Trade Association (DCTA) has launched a membership trade association focused on the new digital asset economy. The DCTA is organized as a “business association” under IRS tax law 501(c)(6) and the goal is to organize and ...
EU needs single anti-money laundering authority, says thinktank
November 5th, 2018
The European Union should set up a single anti-money laundering (AML) authority with the power to levy big fines to tackle the stream of scandals across member states, Brussels-based thinktank Bruegal has said in a new report. The thinktank ...
LPL Financial fined millions
November 1st, 2018
The Financial Industry Regulatory Authority (FINRA), a not-for-profit organization dedicated to investor protection and market integrity in USA, has issued an announcement to inform that it has fined LPL Financial, LLC $2.75 million for complaint-reporting and AML program failures ...
