Search Results for: tax
NIRP, its likelihood and effect on commodities
October 5th, 2015
In last week’s article I pointed out that negative interest rates should lead to a general shift in consumer preferences from money towards essential goods. Central bankers may wish for this outcome on a controlled basis to allow them ...
Bitcoin flounders in Australia as regulatory worries bite
October 5th, 2015
Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency‘s mainstream appeal is fading. Concerns about bitcoin’s potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks’ move last ...
EY recruits over 4500 people and breaks £2b milestone in the UK
October 2nd, 2015
8% growth takes revenue over £2b Record 95 equity Partners join the UK Partnership – over a third are women New office opens in Canary Wharf Growth reported across all service lines and regions Distributable profits up 6% from ...
HSBC must face Chicago predatory lending lawsuit – judge
October 2nd, 2015
HSBC Holdings Plc must face a lawsuit accusing the British bank of violating the U.S. Fair Housing Act by engaging in predatory mortgage lending in the Chicago area, a federal judge in that city ruled on Wednesday. U.S. District ...
UBS Unit to Pay $34 Million in Settlements Over Puerto Rico Bond Funds
September 30th, 2015
Settlements stem from former broker who had customers invest borrowed money in the funds A unit of UBS Group AG agreed to pay roughly $34 million in settlements with U.S. regulators regarding the sale of Puerto Rico bond funds ...
Greece Could Return to Bond Markets Soon, Tsipras Says
September 30th, 2015
Greek prime minister warns that Europe’s migration crisis could harm efforts to turn around fragile economy Greek Prime Minister Alexis Tsipras said his country could return to bond markets soon, if it reached a debt-restructuring deal with creditors in the coming ...
BoE Chief Economist: Blockchain-based Digital Currency Issued by Central Banks Could Replace Cash
September 29th, 2015
In a talk given at the Portadown Chamber of Commerce in Northern Ireland on September 18, Andrew G Haldane , Chief Economist at the Bank of England (BoE), has hinted at the possibility that the U.K. government might issue a digital currency. Though ...
Modernising VAT for cross-border e-commerce: Commission launches public consultation
September 29th, 2015
The European Commission has launched a public consultation to help identify ways to simplify the Value-Added Tax (VAT) payments on cross-border e-commerce transactions in the EU. The Commission is seeking to receive a wide range of views from business owners and ...
India Confirms MAT Exemption For Foreign Firms
September 28th, 2015
The Indian Finance Ministry has announced that the Income Tax Act will shortly be amended to exempt foreign companies with no permanent establishment in the country from the minimum alternate tax (MAT) retrospectively from 2001, in a move likely ...
From ZIRP to NIRP
September 25th, 2015
The sudden end of the Fed’s ambition to raise interest rates above the zero bound, coupled with the FOMC’s minutes, which expressed concerns about emerging market economies, has got financial scribblers writing about negative interest rate policies (NIRP). Coincidentally, ...
