Thursday, Apr 25, 2024

International Finance

Tag : international Finance magazine

Business Leaders

Apple CEO, Tim Cook Unapologetic on Company’s tax strategy

International Finance Desk
by International Finance Desk
There are good negotiators, and then there is Apple chief executive Tim Cook. In a dramatic display on how multinational companies are dictating taxation polices around the world, Tim Cook warned Congress he would refuse to repatriate a total of $ 100 billion stashed offshore, unless the government reduces the corporate tax rates from 35...
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Banking Uncategorized

Switzerland to Relax Bank Secrecy Laws

International Finance Desk
by International Finance Desk
SWITZERLAND aims to save its banks from heavier punishment in the United States for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let bankers disclose data to US prosecutors. Dealing a huge blow to Switzerland’s historic banking secrecy, Swiss finance officials on Wednesday approved a plan that would allow the country’s...
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Banking

Egypt: Making Home Ownership a Reality

International Finance Desk
by International Finance Desk
Supporting a Competitive and Sustainable Residential Mortgage Market in Egypt. By, Eman Abd El Hady l World Bank The Egypt Mortgage Finance Project yielded some of the most impressive results Egypt has seen in the financial sector, enabling banks and non-bank lenders in the primary market to offer long-term market-based mortgage loans for residential housing. During...
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Business Leaders

The End of King’s Reign

International Finance Desk
by International Finance Desk
Sir Mervyn, put it this way in the speech “Whether in this country, the United States or Europe, there was no unsustainable boom like that seen in the 1980’s” this was a bust without a boom. Sir Mervyn Allister King blamed the recklessness of banks and a collective ‘failure of imagination’ for the huge lending...
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Fintech

No more ‘Apple’ of your Eye

International Finance Desk
by International Finance Desk
Apple is still profitable and its revenues increased by 11% to billion. But analysts are seeing red over the drop in Apple’s price-earnings (p/e) ration which has slipped to below ten for the first time. So has Apple turned from a low-hanging fruit to a low-growing fruit? April 24, 2013: Wall Street was grappling with...
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Finance Wealth Management

OECD frames new rules to limit Corporate Tax avoidance

International Finance Desk
by International Finance Desk
12 more countries have signed, or committed to sign, the OECD’s multilateral convention on mutual administrative assistance on tax matters. The days of MNC’s exploiting fiscal loopholes over tax payment are now over with the OECD getting a strong backing to design an international clampdown on corporate ‘tax cheats’. “We need to take actions which...
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Finance Wealth Management

HMRC- A case of Systematic Failure

International Finance Desk
by International Finance Desk
HMRC has rejected the committee’s view that it is suffering from systemic failure. HMRC- A case of systematic failure The Her Majesty’s Revenue and Customs (HMRC) is in the line of fire, for its failure to reduce the fraud and error which will bear a huge bearing on the British tax payer. The HMRC was challenged by...
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Finance Wealth Management

LPL Financial LLC, fined $ 9 million for E-mail Violations

International Finance Desk
by International Finance Desk
The penalizing of LPL is seen as a warning to businesses to ensure their business does not outgrow their compliance systems. LPL Financial LLC, the U.S. based wealth management advisory firm, with over 13,300 advisors must pay a total of $ 9 million as fine to the Financial Industry Regulatory Authorities (FINRA). They have been...
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Finance Wealth Management

UBS Wealth Management Profits Rise to a new High

International Finance Desk
by International Finance Desk
UBS Wealth Management delivered the highest levels of quarterly net new money since 2007, and the highest quarterly profit since 2009. The United Bank of Switzerland has posted a better than expected performance for the first quarter of the year on April 30th. The bank has posted a profit of 7.8 billion CHF, ($ 8.3...
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Finance Wealth Management

The Vagaries of Investment Advisory Industry

International Finance Desk
by International Finance Desk
Only an RIA(Registered Investment Advisors) is authorized to provide investment advice for a fee. The world of wealth management brings its own challenges this year, to keep up with market forces, polices of Washington, technological innovations and new client demands. Independent Broker Dealers (IBD) are the new wave of breakaways to the Registered Investment Advisors...
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