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France widens UBS tax probeSwiss bank UBS has been placed under formal investigation for alleged complicity in suspected illegal sales practices, the French prosecutor's office said yesterday, a week after the bank's French business suffered the same fate. More… |
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Swiss banks fear heavy fines in US tax dealSwiss banks fear heavy fines they expect to pay to settle a long-running dispute with US authorities over helping wealthy Americans evade tax could hit smaller lenders particularly hard, sources s More… |
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Top global banks in India tax rowIndia said 27 companies, including the local units of HSBC, Standard Chartered and Vodafone, underpaid taxes in the last fiscal year after they sold shares to their overseas arms too cheaply. Finance Minister P Chidambaram named t More… |
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Sudan eyes $1.2bn earning from 2013 oil transitSudan hopes to collect up to $1.2 billion in transit fees in 2013 after oil starts to flow from South Sudan, and is considering a new tax on gold trade, Finance Minister Ali Mahmoud said. The African state may also have to raise t More… |
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How Europe decided to punish Cyprus saversJust three weeks after being elected president of Cyprus, Nicos Anastasiades travelled to Brussels for his European debut last Thursday. His fellow leaders were all friendly enough. Hours before More… |
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Deloitte hosts zakat, double tax seminarsDeloitte, a leading firm providing audit, tax and financial advisory services in the region, hosted its annual seminars in key cities across Saudi Arabia focusing on the recent developments in the kingdom's tax and zakat laws and practices. More… |
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India debates raising taxes on the richIndia should consider the argument for higher taxes on the "very rich", Finance Minister P Chidambaram said in comments likely to fuel speculation about steps he may take in next month's budget to boost tax flows More… |
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Thomson Reuters launches Fatca solutionThomson Reuters, the leading source of intelligent information for businesses and professionals, has launched a key solution to help institutions fulfil and comply with their obligations under the forthcoming US Foreign Account Tax Compliance Ac More… |
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Some key issues remain despite 'fiscal cliff' dealThe "fiscal cliff" deal that slowly, painfully took shape in the US Congress in recent days fulfills some of corporate America's tax policy goals, but leaves others unmet, including a big one - meaningful deficit More… |
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US Congress finally resolves 'fiscal cliff' dramaThe US Congress approved a rare tax increase on Tuesday that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and rece More… |
