Search Results for: tax
Accountancy profession reacts to the UK’s decision to leave EU
June 27th, 2016
Accountants, tax experts and finance professionals have reacted to the UK’s decision to leave the European Union, with many predicting a wave of uncertainty regarding the economy and British businesses. The Leave campaign received 52% of the referendum, compared ...
Multinational law firm expands across Italy with four new offices and 21 partners
June 23rd, 2016
Tie-up sees firm gain four new offices and 21 partners across Milan, Rome, Venice and Turin. European law firm Fieldfisher has agreed a merger with Italian law firm Studio Associato Servizi Professionali Integrati (SASPI). The merger, structured as a ...
Deloitte invests £2.5m to launch new accounting and analytics service
June 22nd, 2016
Deloitte, the business advisory firm, has invested £2.5m to launch Propel by Deloitte (Propel), a cloud-based service that aims to help ambitious start-ups and SMEs to grow. Alongside a core accounting service, Propel provides customers with a bespoke dashboard ...
KYC/Risk Assessment & FATCA/CRS solutions for Cyprus Companies
June 22nd, 2016
The responsibilities of Compliance Departments within organizations have significantly increased over the last few years and a software solution that accommodates the latest Cyprus and International developments, as well as constant changes in the AML legislation is a must. ...
Bitcoin exchange Quoine raises $20m venture investment
June 21st, 2016
Quoine, a Singapore-based Bitcoin exchange, has closed a $20 million funding round, leveraging off the large opportunity for Bitcoin in the Japanese market, led by venture capitalists (VCs) and other ‘strategic investors’. It’s last funding round was a $2 million ...
IoM FATCA Report Deadline Approaching
June 17th, 2016
The deadline of June 30, 2016, for Isle of Man “Reporting Financial Institutions” to submit their 2015 US Foreign Account Tax Compliance Act (FATCA) reports to the island’s Income Tax Division is now only two weeks away. The June ...
HSBC to pay $1.575 billion, ending Household International class action
June 17th, 2016
A unit of HSBC Holdings Plc (HSBA.L) said on Thursday it will pay $1.575 billion to end a 14-year-old shareholder class action lawsuit stemming from the Household International consumer finance business that the British bank bought in 2003. HSBC ...
Accountants outsourcing their work in countries like India and Philippines
June 16th, 2016
Many accountants in Australia are shifting large proportions of their operations offshore to countries like India and the Philippines where workers can be paid as little as $5 an hour to complete time-consuming compliance work. While legal, many consumers are ...
The pensions mess: can gold help?
June 14th, 2016
The British have recently seen two unpleasant examples of the cost of pension fund deficits. A deficit at British Steel, estimated to be about £485m, was followed by a deficit at British Home Stores of £571m. In both cases, ...
The Law firms that advised on Microsoft’s acquisition of LinkedIn
June 14th, 2016
On June 13, 2016, Microsoft and LinkedIn Corporation, the world’s largest professional network with more than 433 million members in 200 countries and territories around the globe, announced a definitive agreement for Microsoft to acquire LinkedIn for approximately $26.2 ...
