Search Results for: tax
Swiss Government Rejects Proposal To Replace VAT
January 9th, 2015
The Swiss Government announced on January 7, 2014, that it had again rejected a popular initiative, “energy instead of VAT,” that would have replaced the nation’s value-added tax (VAT) with an emissions-based levy. The initiative was last rejected in ...
Hong Kong Continues To Attract Record FDI
January 9th, 2015
Invest Hong Kong, the territory’s inward investment agency, has announced that it assisted a record number of businesses to establish operations in 2014. InvestHK’s Director-General of Investment Promotion, Simon Galpin, said: “2014 was another record year for InvestHK in ...
Introduction to Money Laundering
January 7th, 2015
Definition of money laundering Money Laundering is the process by which criminals attempt to conceal the true origin and ownership of the proceeds of their criminal activities. If undertaken successfully, it allows them to maintain control over those proceeds ...
HMRC: “transitional period” for businesses affected by new EU VAT laws
January 7th, 2015
HMRC has announced that there will be a “transitional period” for small businesses affected by new VAT rules. The new Europe wide legislation, which came into force on 1 January 2015, affects businesses that sell digital services, such as ...
Accountants Confidence Index — January 2015
January 7th, 2015
After rising in November, the short-term and mid-term ACI readings both continued their upward trend in December, with the short-term and the long-term readings both both comfortably in positive territory. The ACI, published in partnership with ADP, is a ...
FINMA: Switzerland Completes Financial Services Regulator Review
January 5th, 2015
The Swiss Federal Council has concluded that there is no fundamental need for comprehensive reform of the Financial Market Supervisory Authority (FINAMA), but has identified what it says are isolated areas where there is room for improvement. FINMA is ...
2015 investing tips for the rational investor
January 2nd, 2015
Is that time of the year when pundits put forth their market prognostications for the coming year, ballyhoo their favorite stocks and dazzle readers with can’t-miss strategies and trends. So here are a few words to the wise, some ...
Puerto Rico investors sue UBS for $4.5 million
January 2nd, 2015
Claim says UBS mismanaged a trust to keep money invested in closed-end bond funds A lawsuit brought by the purported beneficiaries of a trust is seeking more than $4.5 million as it joins the chorus of claims alleging UBS ...
Crude oil, one of the worst investment of 2014
December 30th, 2014
Opec’s refusal to cut production sent the price of oil down below $60 a barrel Performance in 2014: -45.1% What happened? After hitting a peak of around $115.71 on 19 June, Brent crude oil began to slide. By September, ...
Vatican Bank Joins 100 Nations In FATCA Offshore Account Hunt
December 29th, 2014
In his annual Christmas messages to more than one billion Catholics, the Pope may have left out something: offshore account compliance. Maybe, but the U.S. Treasury is more than happy to fill in the blanks. Just before Christmas, the ...
