Search Results for: G20
ECB to lead revamp of global FX codes of conduct
June 3rd, 2014
The European Central Bank has been given the lead role in work to strengthen codes of conduct for currency markets, expected to be one of the main areas highlighted in a report from global regulators due within weeks. Banking ...
How Should We Tax the Digital Economy?
May 29th, 2014
The European Commission has received the final report of the High-level Expert Group on Taxation of the Digital Economy. This independent group was asked to examine key issues related to taxing the digital economy in the EU, and to ...
US pivotal to OECD tax plan
May 20th, 2014
It’s becoming increasingly apparent that the OECD’s plan to reduce tax base erosion and profit-shifting, as laudable as it is, is hugely reliant on the US making significant and drastic alterations to its corporate regime if it is to ...
CEOs must act before HMRC’s investigations
April 30th, 2014
The phenomenal pace of international tax transparency initiatives continues to accelerate. Chancellor of the Exchequer, George Osborne, announced at the G5 finance ministers’ meeting this week that agreements for the automatic exchange of information between the UK, France, Germany, ...
NY bank regulator Lawsky seeks documents from Credit Suisse: source
April 7th, 2014
Benjamin Lawsky, New York’s financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland’s second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter. Switzerland’s private banking model ...
Multinationals’ tax affairs “hurting” growth and investment
April 2nd, 2014
RULES designed to protect multinational companies from double taxation are allowing them to either greatly reduce or eliminate their tax rates in many countries, an OECD report to the G20 has found. The study shows multinationals frequently pay rates ...
ACCA research disputes corporate tax base erosion
April 2nd, 2014
RESEARCH commissioned by ACCA has found “extensive evidence” that the corporate income tax system is not broken, and is not being eroded. The paper, produced by Australia’s RMIT University School of Economics, Finance and Marketing, asserted that there is ...
China Mulling Implementing FATCA-Like Law To Reduce Tax Evasion On Mainland; Hong Kong Agreed To Share Tax Information Of US Expats Earlier This Week
March 31st, 2014
China is to looking to formulate a law similar to one in the U.S., which now requires financial institutions worldwide to disclose information on American taxpayers to the U.S. government, South China Morning Post, or SCMP, reported Friday. China ...
Budget 2014: Practitioners expect revenue-raisers
March 19th, 2014
TAX PRACTITIONERS expect plenty of revenue-raising activity in today’s Budget, as the chancellor looks to fund spending giveaways for businesses. Capital allowances for major infrastructure projects, announce more support for flood victims, a VAT zero-rating on supplies for exporters ...
Russia’s Rosneft to acquire stake in Italy’s Pirelli
March 17th, 2014
Russia’s top oil producer Rosneft (ROSN.MM) is set to acquire an indirect stake in Pirelli (PECI.MI) after reaching an outline deal with a group of shareholders in the Italian tyre maker valuing its shares at 12 euros each. Rosneft ...
