Search Results for: Tax
Andorra to renounce banking secrecy as it sheds tax haven status
December 2nd, 2016
Pyrenees principality approves automatic sharing of information on accounts held by non-residents from EU countries Andorran lawmakers have agreed to end banking secrecy in the Pyrenees mountains principality, approving automatic sharing of information on accounts held by non-residents. The ...
Countries adopt multilateral convention to close tax treaty loopholes
November 28th, 2016
More than 100 jurisdictions have concluded negotiations on a multilateral instrument that will swiftly implement a series of tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises. The new instrument ...
Fraud involving VAT on goods costs EU tax payers an estimated €50 billion a year
November 25th, 2016
VAT reform: how MEPs intend to tackle the €50 billion a year fraud Fraud involving VAT on goods exported to other member states costs EU tax payers an estimated €50 billion a year. The European Commission has come up ...
PwC: Ireland Most Effective Place In EU To Pay Business Taxes
November 23rd, 2016
Ireland remains the most effective country in the EU in which to pay business taxes, according to the latest PwC/World Bank Paying Taxes survey. The report covered 189 economies worldwide, and considered all taxes paid by businesses. It analyzed ...
Credit Suisse Faces Tax Probe Over Undeclared Accounts
November 22nd, 2016
U.S. asks why bank didn’t reveal ‘toxic’ assets, people say Bank paid record fine in 2014 for helping Americans skirt IRS When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the ...
Hungary plans to offer the lowest tax rate in Europe; Corporate Tax rate of 9%
November 21st, 2016
The Orbán government surprised the business world on Thursday, including the National Alliance of Employees and Employers, when it declared without any prior consultation that the country’s capital gains tax would be slashed from 19% to just 9% in ...
Is Trump’s proposal to slash the U.S. corporate tax rate down to 15% a possibility?
November 16th, 2016
Donald Trump’s proposal to slash the U.S. corporate tax rate down to 15% from 35% is within the realm of possibility, the former chairman of the House Ways and Means Committee says — but realizing some of the president-elect’s ...
ICAP reports Profit before tax increased 78%
November 16th, 2016
ICAP, a leading markets operator and provider of post trade risk mitigation and information services, has issued a press release to publish its results for the six months ended 30 September 2016. Group highlights The transaction with Tullett Prebon ...
Germany and the European Commission rejected calls to impose taxes on imports from USA
November 15th, 2016
Germany and the European Commission rejected on Monday (14 November) calls by former French President Nicolas Sarkozy to impose taxes on imports from the United States if President-elect Donald Trump quits a global agreement for fighting climate change. Trump, ...
easyJet’s financial year results shows a profit before tax decrease of 27.9%
November 15th, 2016
Summary: Record number of passengers at 73.1 million, up 6.6% year on year with record load factor at 91.6% (2015: 91.5%), reflecting easyJet’s resilient business model and ability to drive demand, even in challenging markets Capacity grew by 6.5% ...
