Search Results for: VAT
EU To Extend Minimum 15 Percent VAT Rate
December 21st, 2015
The European Commission has proposed that an EU law provision be extended to ensure that member states levy a headline VAT rate of at least 15 percent until December 31, 2017. Article 97 of the EU VAT Directive provides ...
DBS launches new innovative learning centre
December 18th, 2015
DBS Bank today officially launched the DBS Academy, an innovative learning centre that will focus on building a strong talent pool that will help shape the future of the finance industry. Deputy Prime Minister and Coordinating Minister for Economic ...
‘Fintech 100’ – Announcing the world’s leading fintech innovators for 2015
December 15th, 2015
China fintech on the rise as ZhongAn tops listtop fintech companies closes 31 October; Overall fintech investment expected to jump 66% to over US$20bn in 2015. Fintech Innovators, a collaboration between fintech investment firm, H2 Ventures and KPMG Fintech, today ...
ASIC implements clearing regime in Australia for OTC derivatives
December 14th, 2015
ASIC has today released rules implementing Australia’s mandatory central clearing regime for over-the-counter (OTC) derivatives of financial institutions – the ASIC Derivative Transaction Rules (Clearing) 2015 (derivative transaction rules (clearing)) and explanatory statement. The mandatory central clearing regime will ...
Irish regulator nixes Teddy Sagi’s AvaTrade acquisition
December 14th, 2015
Playtech’s dream of becoming a major player in the online foreign exchange trading market has been left in ruins. Online gambling software provider Playtech Cyprus Ltd. (LSE:PTEC), controlled by Israeli billionaire Teddy Sagi, has dropped its bid to buy Israeli ...
UAE private sector business activity rebounds from 30-month low
December 8th, 2015
The economies of Saudi Arabia and the UAE showed a mild improvement in November, according to a monthly survey of businesses. But economists believe that the impact of low oil prices and a slowdown in infrastructure spending will lead ...
CBA builds a blockchain in its innovation lab
December 7th, 2015
In its Innovation Lab in Darling Harbour, a team of Commonwealth Bank of Australia computer engineers have built a working “blockchain”. For CBA, a “distributed ledger” is no longer a concept on a whiteboard, but a matter of hardware. ...
Vatican appoints PricewaterhouseCoopers to audit accounts
December 7th, 2015
The Vatican has ordered the first ever external audit of its accounts as part of Pope Francis’ efforts to reform the Roman Catholic Church. The auditor, accounting giant PricewaterhouseCoopers, will start work immediately, a papal spokesman said. Pope Francis ...
LME Clear demonstrates innovative approach with launch of new services
December 1st, 2015
Metals industry able to post warrants as collateral for first time Successful launch of new trade-compression service Smooth upgrade of real-time system, LMEmercury LME Clear, the clearing house for the London Metal Exchange (LME) market, announces the successful launch ...
ASX and The Perth Mint to develop precious metals derivatives products
November 26th, 2015
ASX and The Perth Mint (Gold Corporation) have signed an agreement to develop new precious metals derivatives products that will be quoted and traded on ASX. The collaboration will enable ASX to grow its suite of commodities products and ...
