Search Results for: tax
Credit Suisse profits down 34 percent
April 16th, 2014
Swiss bank Credit Suisse says net profit fell 34 percent in the first quarter as bond-market woes hurt earnings at its investment banking business. Profit fell to 859 million Swiss francs ($979 million) from 1.303 billion francs in the ...
Extra Rights Should Mean Extra Responsibilities
April 15th, 2014
Ordinary people have suffered huge disruption to their lives through a loss of jobs & opportunity because of the colossal mistakes of self-declared ‘Masters of the Universe’ chasing ever-bigger financial rewards within the banking industry. To add insult to ...
EU lawmakers to complete financial system overhaul
April 15th, 2014
The European Parliament is set to approve legislation that will complete the biggest overhaul of the bloc’s financial system since the introduction of the euro currency. Lawmakers in Strasbourg on Tuesday are slated to sign off on the establishment ...
People with old social security debts get reprieve
April 15th, 2014
People with old Social Security debts are getting a reprieve — for now. The Social Security Administration had been participating in a program in which thousands of people were having their tax refunds seized to recoup overpayments that happened ...
Corporate Performance Isn’t All about Financial Results
April 15th, 2014
Integrated reporting that includes measures of sustainability and social performance point to a better corporate future. A look into the crystal ball of global sustainability issues for the next few decades highlights some scary trends that will change how ...
FASB Provides Guidance on Reporting Discontinued Operations
April 11th, 2014
The Financial Accounting Standards Board has issued new guidance on representing when a company or organization discontinues its operations. Accounting Standards Update No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued ...
Cyprus: A Mediterranean island slowly rebuilding after crisis
April 11th, 2014
Cyprus, the tiny Mediterranean island bailed out a year ago, remains “in difficulty…but not as bad as one would have expected,” its finance minister Harris Georgiades told CNN during an interview in the capital city Nicosia. The country, which ...
Europe Stock Futures Follow Asia Down on Tech; Lira Falls
April 11th, 2014
European index futures and emerging-market currencies slid as a gauge of Asian stocks dropped the most in three weeks amid a selloff in technology shares that’s cut demand for riskier assets. Nickel extended its longest rally since 2010. Contracts ...
HMRC unable to disclose figures for civil fraud investigations
April 10th, 2014
Only six taxpayers a month voluntarily acknowledge that they have committed fraud using a disclosure facility set up by HMRC at the beginning of 2012 The facility, which encourages people who have committed tax fraud to admit their offences ...
Asia Stocks Cut Gain as Emerging Currencies Fall on China
April 10th, 2014
Asian stocks pared gains, while emerging-market and commodity producers’ currencies slipped as a surprise drop in China’s trade tempered optimism after the Federal Reserve eased concern about U.S. rate rises. Indonesian equities tumbled after elections failed to show a ...
