Search Results for: VAT
High & Low Finance: Citigroup’s Settlement, Pro and Con
July 18th, 2014
The punishment did not fit the crime, or at least it did not fit the crime that was charged. Citigroup’s $7 billion settlement of charges that it sold bad mortgage securitizations is a classic example of prosecutors striking a ...
Feds explore Chinese trade secrets case
July 18th, 2014
The value of the patented seed allegedly stolen from U.S. seed corn companies likely exceeds $500 million, federal prosecutors said Thursday. The new estimate surfaced in a custody hearing Thursday for Mo Yun, a Chinese woman charged as part ...
AbbVie-Shire Deal Is Expected, in a Flight to a Lower-Tax Locale
July 18th, 2014
The biggest deal of the year is set to be announced on Friday morning, as the pharmaceutical giant AbbVie plans to announce a $53 billion acquisition of Shire, according to people briefed on the matter. The deal will allow ...
Japan upgrades economic outlook
July 17th, 2014
Japan upgraded its overall assessment of the economy in July for the first time in six months as consumers reopened their wallets following an initial pullback in spending in the wake of a sales tax increase. In its monthly ...
Tories ‘to challenge European court with British bill of rights’
July 17th, 2014
David Cameron is heading for a major showdown over Europe with a plan to assert the supremacy of parliament over the European court of human rights to avoid a repeat of the rows over the deportation of foreign criminals, ...
Europe Stocks Slide With Russia’s Ruble as Gold Advances
July 17th, 2014
European stocks dropped while gold and the yen rallied as new sanctions sent Russia’s ruble and bonds plunging amid efforts to curb violence in Ukraine. Chinese shares fell as new offerings locked up funds and a potential onshore-bond default ...
Australia repeals controversial carbon tax
July 17th, 2014
Australia’s government repealed a much-maligned carbon tax on the nation’s worst greenhouse gas polluters on Thursday, ending years of contention over a measure that became political poison for the lawmakers who imposed it. The Senate voted 39 to 32 ...
U.S. sanctions set to slow Rosneft’s dollar debt, not oil deals
July 17th, 2014
President Barack Obama aimed a direct blow at Russia’s economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world’s crude and over 8 percent of the country’s GDP. ...
G20 must shape a new world trade regime
July 17th, 2014
Over the past decade global trade and investment discussions have moved far away from the formal global trade regime. The multilateral system has been mired in the Doha Development Round — defined by a single undertaking and a fixed ...
MP Andrew Mitchell invested in scheme HMRC says avoided tax
July 17th, 2014
Former government chief whip Andrew Mitchell has invested in a high-profile film financing company considered to be a tax avoidance scheme by HMRC. Tax collectors say the scheme’s investors can expect to receive big tax bills in the coming ...
