Search Results for: law
CNMV Spain warns for unregistered Firms
July 21st, 2015
The Comisión Nacional del Mercado de Valores (CNMV), the supervising and inspecting authority of Spanish Stock Market, has issued warnings to inform public for unregistered firms. Pursuant to the second paragraph of Article 13 of the Law 24/1988, July ...
U.S. Labor Department fiduciary rule to cost brokers $5.8bln -SIFMA
July 21st, 2015
A proposal by the Department of Labor to rein in conflicts by brokers who offer retirement advice may cost U.S. securities firms more than $5.8 billion, making it harder for Americans to build nest eggs, the Securities Industry and ...
IRS Probes Singapore Asset Manager for accepting transfers from undeclared Swiss accounts
July 20th, 2015
First came Switzerland. Now the Internal Revenue Service has a new target: Singapore Criminal investigators at the IRS are probing whether a Singapore asset-management firm accepted transfers from undeclared Swiss accounts closed by U.S. taxpayers, according to lawyers familiar ...
Germany, Netherlands To Exchange Data On Tax Rulings
July 20th, 2015
Germany and the Netherlands have signed a new agreement that provides for the “spontaneous” exchange of information on advance pricing agreements and advance tax rulings. The agreement was signed in Brussels on July 14, 2015. Under the new agreement, ...
Was Greece Always Part Of The Plan?
July 20th, 2015
Since its inception, critics of the eurozone have been pointing to its incomplete nature — everyone uses the same money but keeps their own national budgets and tax regimes — and speculating that this “fatal flaw” would doom the ...
SEC Pays More Than $3 Million to Whistleblower
July 20th, 2015
The Securities and Exchange Commission announced a whistleblower award of more than $3 million to a company insider whose information helped the SEC crack a complex fraud. The multi-million dollar payout is the third highest award to date under the ...
India Signs Up For FATCA To Block Black Money
July 20th, 2015
The Indian government’s crackdown on black money is continuing with the signing of a Foreign Account Tax Compliance Act (FATCA) agreement with the USA. Both countries have agreed to swap financial information about bank accounts and investments controlled by ...
European Court of Justice Official Proposes Bitcoin VAT Exemption
July 17th, 2015
Bitcoin operations should be exempt from Value Added Tax (VAT), the Advocate General of the European Court of Justice said in an opinion document published today. Citing existing exemptions for currency and money transactions in Europe’s VAT Directive, Attorney ...
Swiss banks win German market access after long-running tax tiff
July 17th, 2015
Swiss banks can more easily take on clients in neighbouring Germany, the Swiss government said on Thursday, after a deal that ends a lengthy standoff between the two countries over hidden offshore accounts. Germany’s wealthy have traditionally been the ...
HMRC debt recovery powers to raid bank accounts ride roughshod over Magna Carta principles
July 17th, 2015
Buried in the hefty tome presented to the House of Commons at the Budget last week were these 36 words: “Direct recovery of debts – This government will introduce legislation to modernise and strengthen HMRC’s powers to recover tax ...
