Search Results for: tax
BaFin release for global systemically important institutions
December 15th, 2014
When global systemically important credit institutions fail – i.e. banks that are too big, too complex or too interconnected with other market participants to be able to exit the market following insolvency without creating further problems – it can ...
Switzerland bows to pressure; Tightens money-laundering rules
December 15th, 2014
The Swiss Parliament has bowed to international pressure, tightening the country’s money-laundering rules. There will be a CHF100,000 ($104,000) cap on cash transactions, and not just foreign dictators, but also senior politicians and officials like Sepp Blatter, will be ...
Two decades after the peso crisis, Mexico faces new shocks
December 12th, 2014
MANY factors contributed to Mexico’s “tequila crisis” in 1994, but two stood out: tighter monetary policy in the United States and political instability at home. Almost exactly 20 years later, the same forces are again weighing on the currency, ...
The Quindell share price fiasco should not dent faith in the robust Aim market
December 10th, 2014
The AIM market, the London Stock Exchange’s junior market, has been subjected to an unprecedented level of criticism over recent weeks. The fiasco at Quindell, which saw another twist this week, as the company called in PwC to review ...
Proposal To Form China’s First Bitcoin Advocacy Group To Test Government Attitude
December 10th, 2014
Established in 2012, the Bitcoin Foundation has quite a few titles – It is a “top trade organization”, an “unofficial organisation to represent the interests of Bitcoin”, a Bitcoin “lobbying group” and “one of the world’s leading advocacy groups ...
KPMG’s record breaking sales fuel more hiring
December 10th, 2014
Big Four accountant KPMG International today announced record-breaking revenues for its worldwide network of $24.82bn (£15.8bn) for the fiscal year ended 30 September – a six per cent increase year-on-year. The Americas delivered the strongest growth over the year, ...
BITCOIN NEWS IN REVIEW: MASTERCARD, MINING DIFFICULTY, SILK ROAD, AND MORE
December 9th, 2014
“For Everything Else, There’s Bitcoin” This week, payments company MasterCard argued for tighter regulations against bitcoin in Australia. According to MasterCard, “Any regulation adopted in Australia should address the anonymity that digital currency provides to each party in a ...
PwC staff grilled by MPs over Luxembourg deals
December 9th, 2014
Accountants and business advisors PricewaterhouseCoopers (PwC) came under fire from MPs yesterday during a parliamentary hearing. The hearing followed the leak of hundreds of Luxembourg tax rulings at the beginning of November. “I think what you are doing is selling ...
Stocks to Watch: Cubist Pharma, McDonald’s, American Airlines
December 8th, 2014
Among the companies with shares expected to actively trade in Monday’s session are Cubist Pharmaceuticals Inc., McDonald’s Corp. and American Airlines Group Inc. Merck & Co. agreed to buy antibiotics maker Cubist Pharmaceuticals for $8.4 billion. The deal, which ...
Virgin Australia’s NZ operations report $31m profit following accounting changes
December 8th, 2014
Virgin Australia’s earnings performance on the highly competitive trans-Tasman route has improved from loss-making to a profit as a result of accounting policy changes and other benefits from its alliance with Air New Zealand . The Australian airline’s New ...
