Search Results for: tax
DIW: Is the Greek crisis a tragedy without catharsis?
April 14th, 2016
Dedicated to the Greece crisis is the last volume of the German Institute for Economic Research (DIW) in Berlin, entitled “The Greek crisis: a Greek tragedy?”. In an edition that is structured as a tragedy, 20 researchers – mostly ...
Oil crisis? Here is how Saudi Arabia plans to shake up its economy
April 14th, 2016
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of cheap oil. In late February, several hundred Saudi officials, company ...
Goldman Sachs agreed to pay a $5 billion settlement for its role in 2008 financial crisis
April 14th, 2016
Goldman Sachs agreed to a $5 billion settlement payment Monday, marking yet another Wall Street giant that’s making up for its financial breaches through money — but whose executives have yet to face criminal charges for helping send the ...
PricewaterhouseCoopers pays €37m to save Spanish employees from jail
April 14th, 2016
The accountancy firm PricewaterhouseCoopers has handed over €37m (£29m) to the Spanish government to save four of its former employees from serving lengthy jail terms for fraud. The four former senior executives, who include the firm’s ex-president Miguel Fernández de Pinedo, ...
Britain’s buy-to-let market showing early signs of a slump
April 13th, 2016
Interest from investors fell 27% last month compared to a year earlier Areas where rental yields are strong include Durham, Rightmove says Average monthly rent in London now stands at £2,021, findings say Since the beginning of April, a 3 per ...
Estonian Supreme Court Rules Against Bitcoin Trader
April 13th, 2016
The Estonian Supreme Court has ruled in favor of restrictions on bitcoin trading activity in the wake of a lawsuit filed by a digital currency broker. The ruling, which came in the wake of a long-running lawsuit that began as a inquiry into ...
Swiss banker whistleblower: CIA behind Panama Papers
April 13th, 2016
Bradley Birkenfeld is the most significant financial whistleblower of all time, so you might think he’d be cheering on the disclosures in the new Panama Papers leaks. But today, Birkenfeld is raising questions about the source of the information ...
CFTC Orders Nathan Schleifer and Galileo Trading to Pay Restitution and Penalties Totaling More than $1.6 Million
April 13th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today settled charges against Nathan Schleifer of New York City, and his company, Galileo Trading, LLC (Galileo), for fraudulently soliciting customers to trade commodity futures and for repeatedly making numerous false statements and material misrepresentations to ...
Panama Papers: Mossack Fonseca office raided
April 13th, 2016
The offices of Panama-based law firm Mossack Fonseca were raided late Tuesday by crime prosecutors, who searched for evidence of money laundering and illegal activities, reports said. The law firm has been at the centre of a global controversy, ...
ACCA welcomes the new VAT Action Plan
April 11th, 2016
ACCA (the Association of Chartered Certified Accountants) welcomes the new VAT Action Plan unveiled by the European Commission today, but warns of the potential danger of compliance costs for smaller businesses. Chas Roy-Chowdhury, ACCA’s head of taxation says: ‘No ...
