Search Results for: tax
FCA probes a further 44 firms over Panama Papers
April 28th, 2016
The UK’s Financial Conduct Authority (FCA) has asked a further 44 financial services firms to disclose their involvement in the tax-evasive practices uncovered by the Panama Papers leak. The move, part of an ongoing £10m ($14.1m, €12.4m) investigation being ...
Bitcoin becoming regulated currency in the European Union
April 27th, 2016
Slovenian startup Bitstamp just did something that no other digital currency startup was able to do – launch the first nationally licensed Bitcoin exchange (BitEx). As it usually goes, the startup could not receive a license in its home country, so ...
Thomson Reuters Reports First-Quarter 2016 Results
April 27th, 2016
Thomson Reuters (TSX / NYSE: TRI) today reported results for the first quarter ended March 31, 2016. The company also re-affirmed its 2016 full-year outlook. Reported revenues declined 1%. Before currency, revenues grew 1% Excluding recoveries, revenues increased 2% ...
Top ten accountancy firm has recruited a former EY partner
April 27th, 2016
Top Ten accountancy firm Smith & Williamson has recruited a former EY partner to join its tax ranks. John Cooney re-joins the firm as partner after ten years in a similar post at EY ,where he specialised in advising ...
Lessons from Japan: Decades of Decay, Unavoidable Collapse
April 27th, 2016
Japan has proven that decay can be stretched into decades, but it has yet to prove that gravity can be revoked by central bank monetary games. Japan’s fiscal and monetary extremes are in the news again: this time it’s ...
‘Panama Papers’ Database Will Soon Go Public, Allowing Online Search Of More Than 200,000 Offshore Entities
April 27th, 2016
The International Consortium of Investigative Journalists (ICIJ) said Tuesday that the Panama Papers, a massive trove of documents about offshore companies and the people who established them, will be available online as a searchable database beginning May 9. The anonymously ...
UK and EU states call for rapid access to global beneficial ownership register
April 27th, 2016
The UK has joined forces with 19 European countries and the British overseas territories of Anguilla and Montserrat in the Caribbean, to issue a joint statement callng for rapid adoption of the automatic exchange of beneficial ownership information The ...
Former PwC employees to stand trial over Luxleaks scandal
April 26th, 2016
THE LUXLEAKS scandal starts a new chapter today as two former PwC employees go on trial accused of leaking thousands of corporate documents that expose Luxembourg’s shadowy tax deals. Antoine Deltour, a former auditor for the Big Four firm and ...
Time for Debt Reduction in Greece
April 25th, 2016
Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round ...
IMF lowers Gulf economic growth forecast with ‘substantial measures needed’
April 25th, 2016
Growth in the Arabian Gulf will slow to 1.8 per cent this year as low oil prices take their toll on budgets, which will lose $140 billion in export revenue this year, the IMF said today. The growth forecast ...
