Search Results for: Tax
ASIC takes civil action against Growth Plus Financial Group Pty Ltd and individual
October 4th, 2016
ASIC has commenced civil proceedings in the Supreme Court of Queensland against Ben Jayaweera and Growth Plus Financial Group Pty Ltd (in liquidation) (Growth Plus). On 11 March 2016 the Australian Taxation Office wound up Growth Plus in relation ...
BDO has a new Managing Director
October 3rd, 2016
BDO has issued an announcement to inform that Paul Eagland takes over as new Managing Partner of BDO. New Managing Partner outlines top team to take the firm forward. Paul Eagland begins his four-year term as BDO’s Managing Partner ...
Saxo Bank reports higher profits and client assets as diversification strategy yields results
September 30th, 2016
Saxo Bank Group (“The Group”) has reported a net profit of DKK 158 million for the first six months of 2016. During the same period, client collateral deposits continued to rise, increasing by DKK 6 billion, compared to H1 ...
City of London braced for £2bn business rate hike
September 29th, 2016
The City of London is bracing itself for a tax hike estimated at more than £2bn when new business rates are revealed tomorrow. Details of new business rates represent the first re-evaluation since 2010. Due to rocketing rents in ...
European Parliament Begins Panama Papers Inquiry
September 29th, 2016
The European Parliament has begun its inquiry into the Panama Papers with a hearing with the investigative journalists behind the leak. The European Parliament’s Committee of Inquiry into Money Laundering, Tax Avoidance, and Tax Evasion (PANA) held its first ...
HMRC Adds To Main VAT Registration Guide
September 29th, 2016
The UK tax authority, HM Revenue and Customs, has updated VAT Notice 700/1 on value-added tax (VAT) registration following law changes intended to prevent VAT evasion. The Notice has been updated following the introduction of new powers for HMRC ...
What Blows Up First, Part 3: Really, Deutsche Bank?
September 28th, 2016
Calling Wall Street’s banks stupid and dangerous is like calling the sun “big and warm.” It’s a clear understatement of an obvious fact. The same goes for calling Japan and China economically clueless. Their actions pretty much guarantee that ...
Oil Services Company Paying $140 Million Penalty for Accounting Fraud
September 28th, 2016
The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. Two of the company’s senior ...
Taiwan To Levy VAT On Online Retailers
September 27th, 2016
Taiwan’s Executive Yuan has approved a Finance Ministry proposal to impose value-added tax on foreign online sellers’ supplies to Taiwanese consumers. The proposal is intended to modernize Taiwan’s VAT rules, raise additional revenues, and level the playing field for ...
Ex-HBOS Bankers Accused of Getting Travel, Escorts in Fraud
September 27th, 2016
Defendants mismanaged troubled businesses for their own gain Participants used cash and high-class escorts as rewards Ex-HBOS Plc bankers accepted expensive gifts, luxurious foreign travel and high-class escorts to establish relationships that allowed co-conspirators to take control of troubled ...
