Search Results for: tax
Japanese economy forecast to grow 1.7% in fiscal 2016
December 22nd, 2015
The Japanese economy is expected to grow about 1.7 percent in real terms in fiscal 2016 starting next April, led by recovering consumer spending and solid capital investment, the government said Tuesday. In nominal terms, gross domestic product will ...
China Unveils Economic Blueprint for 2016
December 22nd, 2015
Chinese leaders approved an economic blueprint for next year that emphasizes tackling long-term problems and reflects a realization that debt and investment can no longer power the world’s second-largest economy. The plan, laid out at a closed-door conclave of ...
Saudi Arabia’s government is looking at smart, alternate revenue sources
December 21st, 2015
Saudi Arabia’s foreign reserves are a confidence booster but undoubtedly the government is looking at smart, alternate revenue sources that will not erode the country’s competitive advantage, say economists. Saudi Arabia has the financial depth to continue spending on ...
Election in Spain left the country in even deeper political uncertainty
December 21st, 2015
After vote, Spain’s Rajoy faces arduous task Sunday’s election left Spain mired in even deeper political uncertainty than before, with experts calling it “near impossible” for Prime Minister Mariano Rajoy to find the political bedfellows necessary for a coalition. ...
ACCA: Accountants and Auditors need specific “Whistleblowing” protection
December 21st, 2015
ACCA welcomes the provisional EU inter-institutional agreement on the protection of trade secrets, but remains concerned about the scope for divergence in implementation by Member States. ACCA believes that the main goal of the directive on common rules for ...
EU To Extend Minimum 15 Percent VAT Rate
December 21st, 2015
The European Commission has proposed that an EU law provision be extended to ensure that member states levy a headline VAT rate of at least 15 percent until December 31, 2017. Article 97 of the EU VAT Directive provides ...
Commodity losses
December 18th, 2015
Markets have been extraordinarily complacent about the bad debts building up in the financial system. In the wake of the Fed’s decision to raise interest rates this week, the effect on debt was barely mentioned in the subsequent analysis ...
BATS to expand FX offerings on Hotspot, mulls new fees
December 18th, 2015
BATS Global Markets is considering adding market data products and connectivity fees to its Hotspot FX foreign exchange trading platform to boost revenues, according to a regulatory filing. Hotspot, which institutional investors use to trade one currency against another ...
IMF head Lagarde to face French trial over Tapie affair
December 18th, 2015
Christine Lagarde accused of negligence over €400m payout to businessman Bernard Tapie, who supported Nicolas Sarkozy in 2007 presidential race. Christine Lagarde, managing director of the International Monetary Fund, is tostand trial in France over a multimillion-euro government payment to ...
KPMG UK announces 2.6% growth in revenues to £1.96bn
December 18th, 2015
The firm invested almost £200m in acquisitions, property and staff training Tax and audit were the firm’s highest earning services The firm, its partners and employees paid £786m in taxes KPMG, the professional services firm providing audit, tax and ...
