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tax

Securities Exchange Commission

Oil Services Company Paying $140 Million Penalty for Accounting Fraud

28/09/2016(0)
The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by ... Read More
VAT

Taiwan To Levy VAT On Online Retailers

27/09/2016(0)
Taiwan’s Executive Yuan has approved a Finance Ministry proposal to impose value-added tax on foreign online sellers’ supplies to Taiwanese consumers. The proposal is intended to modernize Taiwan’s VAT ... Read More
tax

EU To Create List Of Non-Cooperative Tax Jurisdictions

26/09/2016(0)
The European Commission has confirmed plans to draw up a pan-EU list of non-cooperative tax jurisdictions. In announcing the plans on September 15, the Commission released “a pre-assessment of ... Read More
societe generale logo

French government indicates will reclaim SocGen tax deduction if trader wins case

23/09/2016(0)
The French government indicated on Friday it would reclaim a 2.2 billion euro ($2.46 billion) tax deduction from Societe Generale (SOGN.PA) if an appeal court rules ex-trader Jerome Kerviel ... Read More
pwc-building

PwC acquires data technology firm Selera Labs

15/09/2016(0)
PwC is strengthening its tax reporting practice with the acquisition of Selera Labs, a market leading data technology firm. The acquisition comes at a time when tax authorities around ... Read More
wales

Wales levies first tax in 800 years

12/09/2016(0)
Wales’ emergence as a separate jurisdiction takes a new step today with the introduction of legislation designed to create the first Welsh tax in 800 years. If approved, the ... Read More
Hong Kong Monetary Authority

HKMA embraces FinTech as it burnishes Hong Kong’s brand to compete as Asia’s financial hub

06/09/2016(0)
The Hong Kong Monetary Authority has unveiled a series of policy initiatives for banks to embrace technology, and changed the city’s tax regime to attract corporate treasury departments, as ... Read More
VAT

13 Percent VAT Confirmed For Egypt

02/09/2016(0)
Egyptian lawmakers have agreed to the introduction of a value-added tax regime with a 13 percent headline rate from the 2016/17 fiscal year. The rate is to rise to ... Read More
fatca

Many Reporting Entities Unprepared For FATCA

24/08/2016(0)
New research shows that financial institutions are generally confident about meeting existing and incoming automatic exchange of information obligations. However, the study also found that a significant proportion of ... Read More
HM Treasury

Accountants giving advice for Tax avoidance could receive tough penalties

18/08/2016(0)
Accountants or financial advisers who help customers to bend the rules to avoid paying tax could face tough new fines. the U.K. government said Wednesday. The U.K. Treasury has ... Read More
Broker Cyprus TopFX