Search Results for: VAT
EU Criticizes France’s Inefficient VAT System
August 8th, 2016
The European Commission has released a paper recommending improvements to France’s “inefficient” value-added tax system, including that the country do away with broadly applying reduced VAT rates. The paper notes that France faces significant fiscal challenges; Its tax burden ...
HKEX announced No Trading today in Securities and Derivatives Markets
August 2nd, 2016
Hong Kong Exchanges and Clearing Limited (HKEX) announced that today’s trading sessions in the securities and derivatives markets, including After-Hours Futures Trading, have been cancelled due to the issuance of Typhoon Signal No. 8. No securities clearing and settlement services will ...
Leading London based accounting firm announces investment by HgCapital a private equity firm
July 27th, 2016
Blick Rothenberg, a leading provider of accounting, audit and tax services based in the United Kingdom, has announced today an investment by HgCapital, which will sit within HgCapital’s Services sector. The terms of the transaction were not disclosed. Founded ...
London Stock Exchange launches online private placement platform
July 12th, 2016
ELITE Club Deal will offer over 400 ELITE companies the opportunity to connect to institutional investors, private equity, VCs and other professional investors ELITE Club Deal enhances the range of business support services offered to ELITE companies from financial ...
European Council approves VAT rules on vouchers
July 5th, 2016
On 27 June 2016, the Council adopted a directive aimed at increasing legal certainty for transactions involving vouchers by harmonising national VAT rules in this area. The directive sets out to reduce the risk of mismatches in national tax rules leading to ...
EU VAT group reassures e-traders on Brexit vote
July 5th, 2016
The trend of having to pay VAT where the customer rather than the seller is located is “not going to go away,” although a scheme in Britain that makes doing so simpler might. Lobby group EU VAT Action issued this alert to the ...
Goodbye to all VAT? EU indirect tax after Brexit
July 1st, 2016
Nicholas Hallam, CEO at Accordance, examines what could happen to EU VAT after the UK’s vote to leave the union. A year ago, asking EU VAT commissioner Donato Raponi what Brexit would mean for EU VAT provoked derisory hilarity ...
Swift: 73 banks worldwide joined the global payments innovation initiative
July 1st, 2016
More than 70 banks worldwide collaborate to dramatically improve the cross-border payments experience with greater speed, transparency and end-to-end tracking SWIFT announces today that 73 banks worldwide have now joined its global payments innovation initiative, designed to improve the cross-border ...
Europol: Searches, seizures and arrests were carried out in eight EU countries against a criminal network involved in international VAT fraud and money laundering
June 30th, 2016
Yesterday, from a coordination centre at Eurojust, Europol supported an international action day against a criminal network involved in international VAT fraud and money laundering defrauding EU citizens of approximately EUR 57 million in tax revenues via companies selling ...
ASIC releases report highlighting significant failures in the retail OTC derivatives industry
June 22nd, 2016
ASIC releases report highlighting significant failures in the retail OTC derivatives industry ASIC today released a report detailing the findings of a recent surveillance program and identifying some serious and widespread compliance failures in the retail over-the-counter (OTC) derivatives ...
