Search Results for: taxes
‘Panama Papers’ Database Will Soon Go Public, Allowing Online Search Of More Than 200,000 Offshore Entities
April 27th, 2016
The International Consortium of Investigative Journalists (ICIJ) said Tuesday that the Panama Papers, a massive trove of documents about offshore companies and the people who established them, will be available online as a searchable database beginning May 9. The anonymously ...
Time for Debt Reduction in Greece
April 25th, 2016
Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round ...
IMF lowers Gulf economic growth forecast with ‘substantial measures needed’
April 25th, 2016
Growth in the Arabian Gulf will slow to 1.8 per cent this year as low oil prices take their toll on budgets, which will lose $140 billion in export revenue this year, the IMF said today. The growth forecast ...
China’s biggest tax reform for 20 years set to buoy growth
April 22nd, 2016
China’s biggest tax overhaul in more than two decades starts on May 1, with changes set to reduce the burden on services companies and encourage factories to upgrade and innovate. Under the new system, taxes in the construction, property, finance and ...
Interactive Brokers reported comprehensive earnings per share of $0.60
April 20th, 2016
Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, today reported diluted earnings per share on a comprehensive basis of $0.60 for the quarter ended March 31, 2016, compared to diluted earnings per ...
Once A Tax Haven, Gibraltar Now Says It’s Low-Tax
April 19th, 2016
Gibraltar, a tiny British territory at Europe’s southern tip, is famous for its geography — a huge limestone rock — that appears on the Prudential logo. It’s a global center for offshore banking, with the trappings of wealth to prove ...
How corporate tax avoidance is hurting America and the rest of the world
April 15th, 2016
Tax-haven abuse by multinationals is exacerbating the global wealth gap and putting an excessive burden on developing countries, according to a damning new report from the nonprofit Oxfam. Coming just a week after the release of what have come ...
PricewaterhouseCoopers pays €37m to save Spanish employees from jail
April 14th, 2016
The accountancy firm PricewaterhouseCoopers has handed over €37m (£29m) to the Spanish government to save four of its former employees from serving lengthy jail terms for fraud. The four former senior executives, who include the firm’s ex-president Miguel Fernández de Pinedo, ...
Norway Reaffirms Corporate Tax Cut Pledge
April 13th, 2016
Norwegian Finance Minister Siv Jensen has said that Norway’s corporate tax is too high and should be reduced as part of a wider package of measures designed to boost economic growth. Jensen told the Norwegian Shipowners’ Association annual conference ...
EU Seeks Tougher Tax Rules After Offshore Accounts Scandal
April 12th, 2016
The European Union’s executive wants thousands of multinationals doing business in its 28 nations to show where they pay tax and make their profit on a country-by-country basis to be able to close loopholes many have exploited to avoid ...
