Search Results for: tax
Dashed Ikea Dreams Show Decades Lost to Bribery in Ukraine
March 31st, 2014
Almost half of Ukrainians say they desire Ikea products more than any other global brand, yet the largest home-furnishings retailer hasn’t been able to crack the market in a decade of trying. The reason: it won’t pay a bribe. ...
Littlewoods VAT court win leaves HMRC with £1.2bn bill
March 31st, 2014
LITTLEWOODS has won a VAT dispute with HM Revenue & Customs in the High Court, a ruling set to cost the taxman more than £1bn. The retailer contested HMRC should pay it compound interest on VAT overpayments that it ...
Cuba acts to draw more foreign investors
March 31st, 2014
Few would say Cuba is an easy place to do business, but a new law aimed at bringing pep to an anemic economy may lure more foreign investors. Cuban lawmakers Saturday approved an international investment measure. Vice President Marino ...
ASIC: Former finance broker pleads guilty to fraud
March 28th, 2014
ASIC has issued an announcement informing the investors the following: A former finance broker has admitted to stealing the identities of former clients so she could buy two cars, sell them to acquaintances and keep the cash from the ...
European Stocks Climb Before Euro-Area Confidence Report
March 28th, 2014
European stocks advanced, paring their monthly loss, as investors awaited data that may show euro-area economic confidence rose in March. U.S. index futures and Asian shares also climbed. Intesa Sanpaolo SpA gained 1.9 percent as it forecast dividend payouts ...
Mehjoo case gives firms greater certainty
March 27th, 2014
THE LONG-RUNNING dispute between midlands firm Harben Barker and former client Hossein Mehjoo had threatened to have major, unwelcome, ramifications for the profession. That the whole unedifying episode is over is a source of some succour. As for where ...
Italians Join Greeks Selling Bank Stock to Once-Wary Investors
March 27th, 2014
Eight Italian banks are preparing to sell at least 8 billion euros ($11 billion) of stock to shore up their balance sheets, as nations shunned during the sovereign-debt crisis return to favor with investors. Leading the pack is Banca ...
European Stocks Fall After Two-Day Rally; H&M, RBS Drop
March 27th, 2014
European shares fell, halting a two-day rally, on concern that the crisis in Ukraine may escalate. U.S. stock-index futures and Asian shares rose. Hennes & Mauritz AB fell 2.9 percent after reporting quarterly profit that missed analysts’ estimates. Royal ...
Airbus to supply 70 jets to China, worth more than $10bn
March 27th, 2014
European aviation giant Airbus has signed a deal to supply 70 jets, worth more than $10bn (£6bn), to China’s state-owned purchasing agency. The deal had been on hold because of a row between the EU and outside countries over ...
Mind the Non-GAAP
March 27th, 2014
Nontraditional financial metrics can shed valuable light on a company’s operations – or obscure its true condition. Normalized adjusted EBITDA less capex. Adjusted consolidated segment operating income. Adjusted EBITDA (as adjusted). Even enthusiasts of non-GAAP metrics have to admit ...
