Search Results for: Ireland
Russia Knows Europe Sanctions Ineffective With Tax Havens
May 5th, 2014
Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe. “You can rely on our legal system!” the ...
A Case of Piketty Fever at the OECD
May 2nd, 2014
The French economist Thomas Piketty has become something of a rock star with his recent book on inequality, and now the Organization of Economic Cooperation and Development has embraced his data and ideas in a freshly-issued report. The think ...
Anglo Irish Liquidator Seeks to Sell $19 Billion in Loans
April 24th, 2014
Irish Bank Resolution Corp., formed to complete the liquidation of Anglo Irish Bank Corp., asked a U.S. bankruptcy judge to approve the sale of loans with nominal balances totaling more than $19 billion. The proposed purchasers of the U.S. ...
The First National Bank of Facebook
April 23rd, 2014
The company that rebranded the word “friend” may soon take up a more ambitious makeover: the word “bank.” Facebook Inc. is on the verge of winning approval from Ireland’s central bank to allow its users to store and exchange ...
Puerto Rico woos rich with hefty tax breaks
April 23rd, 2014
John Paulson is expected to expand his investment in Puerto Rico to $1 billion by the end of next year, as the hedge fund titan leads a growing brigade of wealthy U.S. business owners who are taking advantage of ...
Income tax rises across OECD
April 14th, 2014
Personal income tax has risen in 25 of the 34 OECD nations over the past three years, as countries reduce the value of tax-free allowances and tax credits and subject higher proportions of earnings to tax, the body has ...
RSA introduces 25% non-audit fee cap
March 26th, 2014
THE AUDITORS of embattled insurer RSA will have a cap put on the amount of non-audit fees they can earn, limited to 25% of the total audit fee. KPMG, which was brought in to replace Deloitte as RSA auditors, ...
FRC issues temporary filler for insurance accounting
March 24th, 2014
THE FRC has issued new accounting and reporting requirements as a potentially temporary fill for a gap for the insurance industry. Financial Reporting Standard (FRS) 103 will be used by companies that currently use FRS 102 in the UK ...
Cash Abroad Rises $206 Billion as Apple to IBM Avoid Tax
March 14th, 2014
The largest U.S.-based companies added $206 billion to their stockpiles of offshore profits last year, parking earnings in low-tax countries until Congress gives them a reason not to. The multinational companies have accumulated $1.95 trillion outside the U.S., up ...
Regulators Zone
February 4th, 2014
