Search Results for: tax
France to miss deficit target
September 11th, 2014
France’s finance minister Michel Sapin has said the country will not achieve a 3% EU budget deficit target. France’s budget deficit will be around 4.4% of GDP in 2014, drop to 4.3% next year, and will not go below ...
U.S. Charges Belize Agents Linked to Cynk’s Stock Surge
September 10th, 2014
Two men working out of the same Belize building as the penny-stock company Cynk Technology Corp. (CYNK), which surged to a market value of more than $6 billion for an hour in July, were among six people accused by ...
BVI Receives 2014 Offshore Estate Planning Gong
September 9th, 2014
The British Virgin Islands has been awarded the 2014 Offshore Excellence Award in Estate Planning by publishers Acquisition International. Receiving the award on behalf of the territory, Executive Director of the BVI International Financial Center, Sylvia Moses, said the ...
Shifting Polls in Scotland Send Investors Rushing for Shelter
September 9th, 2014
Scotland, home to just five million people, has never weighed on the minds of currency traders and market investors the way that Russia or China or the eurozone has — until now. A poll this weekend showed Scottish voters ...
Japan’s GDP Contracts Sharply
September 8th, 2014
A revised reading on Japan’s gross domestic product (GDP) showed the economy contracted an annualized 7.1 percent in the second quarter, worse than initial estimates of 6.8 percent as a nationwide consumption tax that took effect in April dragged ...
Bahamas Releases Sector-Specific VAT Guides
September 5th, 2014
The Bahamas VAT Department on September 1, 2014, released fifteen value-added tax (VAT) guides, providing additional in-depth guidance on the taxation of different economic sectors and on special schemes. The Bahamas will introduce a 7.5 percent value-added tax regime ...
Germany’s €6bn mega-float puts London on notice
September 4th, 2014
Europe’s biggest online fashion player Zalando, a rival to Britain’s Asos, plans to raise more than €500m (£399m) to fund its expansion by listing a stake on the Frankfurt stock exchange. The announcement comes as London’s tech community launches ...
Bank of Japan Stands Pat on Monetary Policy
September 4th, 2014
The Bank of Japan maintained its massive monetary stimulus and its upbeat view on the economy on Thursday, unfazed by recent signs the pain from an April sales tax rise may last longer than expected and make its inflation ...
Scammers posing as IRS agents extort $5 million
September 4th, 2014
Callers posing as Internal Revenue Service (IRS) agents have stolen $80,000 from Arizona residents since January in a nationwide scam that continues to grow both in volume and in threat. Federal authorities said Wednesday that as many as 1,100 ...
Gibraltar Delays Introduction Of New Companies Law
September 3rd, 2014
Gibraltar has agreed to industry requests to delay the introduction of its new Companies Act and Insolvency Act for a month, until November 1, 2014. The announcement was made in response to requests from the financial services industry and ...
