This article was sourced from Business Insider. Article by Simon Thomson. A 40% tax rate on multinational companies that use overseas tax havens to avoid paying tax in Australia was passed by the Senate last night. The diverted profits tax (DPT), also known as the “Google tax”, was a key part of treasurer Scott Morrison’s budget […]
This article was sourced from Lexology. Article by Corrs Chambers Westgarth. This week’s TGIF considers Fordyce v Ryan & Anor; Fordyce v Quinn & Anor [2016] QSC 307, where the Court considered whether a beneficiary’s interest in a discretionary trust amounted to ‘property’ for the purposes of the Bankruptcy Act 1966 (Cth). BACKGROUND The case centred around […]
This article was sourced from Lexology. Article by Baker Mckenzie. While the e-commerce industry is growing quickly in Thailand, there currently exist only a few regulations governing this business in the country. Recently, the Central Committee on Prices of Goods and Services, Ministry of Commerce, issued Notification No. 44 B.E. 2560 re: Displaying of Price and Details […]
This article was sourced from Letters from Norway. Article by Nick Kamran. Sweden’s welfare state supposedly allows for success while providing a safety net for those unable to keep up with the market. In principle, it is an ideal state, achieving a utopian like state. However, Sweden’s touted economic success has come at the expense of […]
This article was sourced from Reuters. Article by William Mallard and Makiko Yamazaki. Westinghouse Electric Co, the U.S. nuclear unit of Japan’s Toshiba Corp (6502.T), could file for bankruptcy protection as early as Tuesday and is seeking support from South Korea’s Korea Electric Power Corp (015760.KS), the Nikkei said on Monday. A Chapter 11 filing could help […]
This article was sourced from NY Times. Article by Stephen J Lubben. In a restructuring world dominated by oil and gas companies on the one hand and retail on the other, iHeartMedia stands out. But if we dig a bit deeper, the San Antonio-based radio and billboard company shares some similarities with those other companies buffeted by […]
This article was sourced from ABC News. Article by Michael Edwards. The Reserve Bank is introducing new technology this year which will push Australia even further towards being a cashless society. Later this year the bank will roll out a new system called the New Payment Platform (NPP). The NPP will mean money can be transferred […]
This article was sourced from Fast Company. Article by Lydia Dishman. Recently, a spate of companies in the tech industry decided to delay reporting on their progress toward making their workforces more diverse and inclusive. Others are still doggedly transparent, even if their gains have been incremental. One thing is missing: how the employees feel about the […]
This article was sourced from NY Times. Article by Reuters. BERLIN — Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a possibility, a senior member of the Bavarian sister party of Chancellor Angela Merkel’s conservatives said. Greece has lost […]
This article was sourced from Insolvency News. As the awards scheme, sponsored by Capa, reaches the milestone of championing best practice for the past decade, entries are now open for nominations of those who deserve public recognition among their peers. After a successful rebrand in 2016, the awards scheme has retained its structure of celebrating […]
This article was sourced from Bloomberg. Article by Emily Cadman. Three units of London-based Barclays Plc have been penalized by Australia’s securities regulator for failing to tell clients they didn’t hold local financial services licenses and instead were regulated overseas. Under the Australian regime, foreign firms which offer services to the wholesale market can obtain exemptions […]
This article was sourced from The Guardian. Article by Rupert Jones. Complaints to the financial ombudsman about payday loans have risen to almost 200 a week – and not all of those experiencing problems necessarily fit the image of low-income borrowers relying on short-term loans to get by. During the second half of 2016 the Financial […]
This article was sourced from The Irish Times. Article by Derek Scally. Billy Telford scored a coup for his Berlin property company, Next Estate, when he nabbed Ai Weiwei as the Chinese art superstar happened to be passing by the shop one day last year. Telford, a Laois man, asked Ai’s advice about some new art for […]
This article was sourced from Zero Hedge. With Saudi Arabia scrambling to respond to surging US shale production in what many analysts warn is a lose-lose decision, as either Saudi Arabia will lose market share under the current status quo, or government revenue will tumble should the Vienna 2016 production cut deal be cancelled, moments ago […]
This article was sourced from Tech Crunch. Article by Sarah Perez. Google Maps has just added a handy feature that will help users remember where they parked. This appears as a new menu option when you tap the blue dot, and will place a “P” icon on the map so you can find your way back […]
This article was sourced from NY Times. Article by Reuters. ROME — Italy has abolished voucher payments for workers, which were highly popular with employers, to avoid a bruising referendum championed by the country’s main union, Prime Minister Paolo Gentiloni said on Friday. Payment by vouchers was introduced in 2008 as an experiment for seasonal farm […]
This article was sourced from Market Watch. Article by Claudia Assis. Tesla Inc. announced late Friday night that it is killing off the cheapest models of its Model S sedan. The news comes ahead of the launching of the Model 3, the sedan the company aims to sell to the masses. Customers who want to own […]
This article was sourced from Bloomberg Markets. Article by Heather Burke and Mark Schofeit. David Rockefeller, the U.S. banker, philanthropist, presidential adviser and heir to one of history’s most fabled fortunes, has died. At 101, he was the world’s oldest billionaire. He died Monday at his home in Pocantico Hills, New York, according to an emailed […]
This article was sourced from Bloomberg Markets. Article by Wei Lu and Vincent Del Giudice. When it comes to living a long life, Italy is the place to be. The high-heeled boot surrounded by five seas is ranked the healthiest country on Earth in the Bloomberg Global Health Index of 163 countries. A baby born in Italy […]
This article was sourced from JD Supra. Article by Brandy Sargent. In a recent opinion, the U.S. Bankruptcy Court for the District of Oregon reminds all finance lawyers (and participants trying to document a finance transaction without legal assistance) that recording an “assignment” of a deed of trust is not always sufficient to perfect an interest […]