Search Results for: tax
Draghi rules ECB Action
August 25th, 2014
Inflation expectations have deteriorated across the euro area and signaled policy makers are ready to add fresh monetary stimulus, according to the European Central Bank president, Mario Draghi. Yet officials aren’t finished with measures to stave off Japan-style stagnation. ...
Chicago and 2 California Counties Sue Over Marketing of Painkillers
August 25th, 2014
The City of Chicago and two California counties are challenging the drug industry’s way of doing business, contending in two separate lawsuits that “aggressive marketing” by five companies has fueled an epidemic of addiction. It also cost taxpayers millions ...
Case closed in favor of INTL FCStone in Sentinel case
August 22nd, 2014
INTL FCStone Inc. (Nasdaq:INTL) (“the Company”) announced on March 19, 2014 that the U.S. Court of Appeals for the Seventh Circuit had reversed the trial court’s January 2013 decision against its subsidiary, FCStone, LLC, in the Sentinel matter. Because ...
Indian States towards GST Implementation
August 22nd, 2014
The Empowered Committee of State Finance Ministers made significant progress towards the implementation of a Goods and Services Tax (GST). While a number of hurdles remain, the Government was said to have reassured states about the payment of compensation ...
Keeping the accountants accountable
August 22nd, 2014
Tax avoidance is always a hot topic, never more so than with the recent stream of famous individuals involved in the Liberty scheme. The fact that some of these 1,600 stars risk bankruptcy highlights just how serious these cases ...
Shares, stocks and corporate news overview
August 22nd, 2014
European markets are set for a lower open this morning ahead of a long weekend here in the UK. The day will be fairly low-key with no major economic data being released, and investors have turned their attention to ...
G20 towards deal on ‘bail-in’ bond cushion for banks
August 21st, 2014
Government leaders are expected to agree in November that the world’s top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the ...
Free Money for Germany is Bad News for Euro
August 21st, 2014
When investors are willing to lend money to Germany for two years for free, at a zero interest rate, you know the euro project is in trouble again. Germany yesterday sold 4.04 billion euros ($5.3 billion) of notes that ...
Dubai Gold And Commodities Exchange Joins DMCC Free Zone
August 21st, 2014
Dubai Gold and Commodities Exchange (DGCX), the first derivatives exchange in the Middle East and North Africa (MENA) region, has announced that it has moved to a new permanent office in the Dubai Multi Commodities Centre (DMCC) Free Zone. ...
KPMG says EU bank reforms should be shelved
August 21st, 2014
Audit firm KPMG has written to Europe’s largest lenders saying a European Commission plan to separate banks’ consumer and investment-banking arms should be shelved, Bloomberg reported on Thursday. In an emailed statement KPMG said the proposal would not ...
