Search Results for: VAT
Investors going big on derivatives, forex trading
November 12th, 2015
Investors are turning to derivatives and foreign exchange trading in a big way, with a surge in the number of traders and deals being struck. There were 24,500 traders involved in forex deals and contracts for difference (CFD) – ...
FCA‘s Project Innovate celebrates first anniversary with plans for ‘regulatory sandbox’
November 10th, 2015
The Financial Conduct Authority (FCA) has published plans for implementing a ‘regulatory sandbox’. The sandbox will allow businesses to test out new, innovative financial products, services or business models without incurring all the normal regulatory consequences of engaging in ...
Dubai private sector growth hits five-year low amid ‘travel and tourism contraction’
November 9th, 2015
Dubai’s private sector recorded its slowest growth in more than five years last month. Expansion of business activity was at a 68-month low with a slowdown in the travel and tourism sector particularly prominent, according to the Emirates NBD ...
Amazon and eBay ‘liable’ if they ignore VAT fraud
November 2nd, 2015
Amazon and eBay could be liable for billions of pounds in unpaid VAT if they fail to properly investigate traders using their sites to escape sales tax, the BBC has learned. The online marketplaces could be legally required to ...
Intel sued for investing employee 401(k) funds in hedge funds, private equity
November 2nd, 2015
Lawsuit alleges 401(k) and profit-sharing participants invested in tech firm’s custom target-date series and global diversified fund lost hundreds of millions of dollars A former Intel Corp. employee is suing officials at the Santa Clara, Calif.-based company for allegedly ...
Middle-East private wealth to reach $7.2 trillion by 2018
October 29th, 2015
This is approximately a 3.6 per cent share of total global wealth The private wealth in the Middle-East region will reach $7.2 trillion by the end of 2018, according to a report. The report issued by the Boston Consulting ...
Norway Plans Zero VAT Rate For Digital News
October 27th, 2015
The Norwegian Government has announced that it will levy a zero percent rate of value-added tax (VAT) on digital news, to level the industry playing field. The rate will be installed in 2016 at a cost of NOK350m (USD41.8m) ...
European Court of Justice: Bitcoin is a currency and exchanges are VAT-exempt
October 22nd, 2015
The European Court of Justice (ECJ) has ruled that bitcoin exchange transactions should be exempt from VAT. The ECJ ruling stated that bitcoin transactions “are exempt from VAT under the provision concerning transactions relating to currency, bank notes and ...
Fintech Innovation Lab 2016 invites Applicants
October 21st, 2015
Accenture, Partnership Fund for NYC and Leading Banks Call for Applicants for New York FinTech Innovation Lab 2016 Program helps leading financial technology entrepreneurs accelerate product and business development Applications are now being accepted for New York’s sixth annual ...
First Derivatives plc: Notice of Results and Trading Update
October 19th, 2015
First Derivatives (AIM: FDP.L, ESM: FDP.I), a leading provider of software and consulting services, announces trading in the first half of its financial year has been strong, with both revenue and EBITDA significantly ahead of the prior year. As ...
