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Digital tax increase to take effect in Europe
January 2nd, 2015
A change in fiscal rules in the EU is raising the tax on many purchases of digital content, such as e-books. Europe’s tax showdown could be headed straight to people’s wallets. With the new year, a change in fiscal ...
Swiss Franc Falls Against Most Majors
December 31st, 2014
The Swiss franc weakened against most major currencies in the Asian session on Wednesday. The Swiss franc fell to nearly a 2-week low of 1.5397 against the pound, from yesterday’s closing quote of 1.5382. Against the euro and the ...
5 Worst Performing Markets of 2014
December 29th, 2014
These indices have been hit hard by headwinds over the past 12 months, resulting in losses for investors. What does the future hold for these five indices? MSCI Russia Russian corporates this has been a terrible year, though it ...
Joe Hockey announces profit-shifting tax audit of 10 multinationals
December 9th, 2014
Australia will consider passing stronger laws against tax avoidance, the treasurer says, as tax office ‘embeds’ staff within companies The Australian Tax Office is auditing 10 multinational corporations and the government will consider introducing new laws aimed at targeting ...
Stocks to Watch: Cubist Pharma, McDonald’s, American Airlines
December 8th, 2014
Among the companies with shares expected to actively trade in Monday’s session are Cubist Pharmaceuticals Inc., McDonald’s Corp. and American Airlines Group Inc. Merck & Co. agreed to buy antibiotics maker Cubist Pharmaceuticals for $8.4 billion. The deal, which ...
Osborne moves to cut spending to 1930s levels in dramatic autumn statement
December 4th, 2014
The chancellor, George Osborne, has set out dramatic plans to move Britain from the red into the black that will see public spending as a percentage of GDP fall to its lowest level since the 1930s and could require ...
Apple in the Dock: $1 Billion Antitrust Claim Casts Steve Jobs as Conspirator
December 2nd, 2014
In 2005, Mariah Carey had the number one single, “Grey’s Anatomy” was among the hottest shows on television, and Steve Jobs, and Apple Inc.’s iPod, were king. Customers of rival music players marred this shiny prospect for Apple and ...
New Facebook Rules Will Sting Entrepreneurs
November 28th, 2014
Chrisy Bossie built a $100,000-a-year gemstone e-commerce business by sharing information about her products on her company’s Facebook page several times a week. “Steals in the Shop! I have a TON of new 36-inch-long necklaces, most priced at $15, available in ...
4 Investment Tips From A Prize-Winning Middle Schooler
November 27th, 2014
Sixth grader, Joshua Zirkiyev has spent the last three years investing virtual portfolios in school, through the nonprofit SIFMA Foundation’s Stock Market Game. His favorite stocks are Tesla and Alibaba. The game, offered as part of the curriculum at Zirkiyev’s Queens, New York ...
As Ruble Falls Even Teeth Cost Too Much to Fix
November 19th, 2014
In Rostov-on-Don, a Russian port city of 1.1 million people just east of the Ukrainian border, signs of the fallout from the ruble’s collapse are everywhere. There’s the 27-year-old entrepreneur whose storage facility is packed to the ceiling with ...