Search Results for: Swiss
Ex-UBS Banker Tax Trial Rides on Underling’s Credibility
October 14th, 2014
Raoul Weil, once the head of UBS AG ’s global wealth management business, faces a criminal trial that may turn on the credibility of a former subordinate who says he and Weil helped Americans evade taxes. Jury selection is ...
Google Provides Details on ‘Right to Be Forgotten’ Requests
October 10th, 2014
Google said that it had removed more links in Europe to content on Facebook from its search results than from any other website. Facebook, and Google’s own services, are among the websites to be most affected by Europe’s so-called ...
Dukascopy: Reduction of maximum leverage on EUR/CHF exposures
October 6th, 2014
Dukascopy Europe has announced the implementation of a maximum leverage for EUR/CHF exposures of 1:10 as of 12 October 2014, due to the possibility of a break of the 1.2000 floor in EUR/CHF which may see significant price gaps ...
Greg Medcraft of ASIC re-elected IOSCO Board Chair
October 3rd, 2014
The International Organization of Securities Commissions (IOSCO) today re-elected Mr. Greg Medcraft as Chairman of the IOSCO Board. Mr. Medcraft was re-elected at the inaugural meeting of the newly constituted Board, during the IOSCO Annual Conference in Rio de ...
Switzerland seeks Double Tax on PEs
September 24th, 2014
The Swiss Federal Council has launched a consultation on changes to the flat-rate tax credit, which seeks to ensure double tax relief for permanent establishments of companies that are located in Switzerland. The proposed change affects permanent establishments in ...
French court charges UBS with €1.1 bn over tax fraud
September 23rd, 2014
A 1.1-billion-euro payment was imposed to Swiss Bank UBS by a French court by a French court, for allegedly helping rich French clients to hide money in Switzerland. The bank made an appeal in July after charges of tax ...
FINMA initiates bankruptcy proceedings against Espirito Santo
September 22nd, 2014
The Swiss Financial Market Supervisory Authority FINMA initiated bankruptcy proceedings against Banque Privée Espírito Santo SA. FINMA found that the bank, which has been in voluntary liquidation since July 2014, was over-indebted. According to current estimates, the bank is ...
OSB Daily Technical Analysis – Currency pairs
September 8th, 2014
OSB Daily Technical Analysis for September 8, 2014 EUR/USD Profit taking and a higher close in the EURUSD on Friday following Thursday’s sharp decline. Failure to trade intraday above 1.30 suggests this round figure is a strong resistance level ...
As Brazil Vote Nears, Testimony Ties Top Political Figures to Corruption Scandal
September 8th, 2014
As Brazilians prepare to vote in a national election next month, a scandal involving the state-controlled oil giant Petrobras flared up again this weekend over testimony that implicated dozens of top figures in President Dilma Rousseff’s governing coalition in ...
Switzerland, Estonia Agree Double Tax Pact Change
September 3rd, 2014
Switzerland and Estonia have signed a protocol to their double taxation agreement (DTA) to cut withholding tax rates and provide for the exchange of information on request. The protocol places a maximum tax withholding tax rate on dividends of ...
