02/06/2012

Wealthy tax avoiders to feel Pravin's wrath

Elzahne Henn of global audit, tax and advisory firm Mazars said there would be "no good news for wealthy tax avoiders in 2012" when the Budget was delivered by Finance Minister Pravin Gordhan on February 22.

02/03/2012

"Incredulity" at broken Commerzbank pay pledge-banker

The London-based bankers, whose claims range from around 15,000 euros to 2.6 million, launched their legal battle in late 2009 after some were paid only 10 percent of the discretionary bonuses they were promised for 2008 out of a guaranteed minimum bonus

02/03/2012

Regulators block global exchange consolidation

Regulators and some lawmakers in Europe, the U.S. and Asia have fared little better, resorting at times to nationalist sentiment to block exchange consolidation, alongside analysis that at times seemed out of step with a world of round-the-clock global tr

02/02/2012

Senate Bill Seeks to Replace $1 Bills with $1 Coins

On January 31, 2012, a bipartisan group of Senators introduced a bill which seeks to transition from $1 bills to $1 coins in order to save taxpayer money. The bill S. 2049 was introduced by Senators Tom Harkin and John McCain, and cosponsored by Senators

01/30/2012

Swiss urge U.S. tax deal to shield other banks

Switzerland has been lobbying for a year to get the investigations dropped in return for the payment of a hefty fine and the transfer of names of thousands of U.S. bank clients suspected of dodging taxes.

01/30/2012

Unrest with Basel III grows as regulation weighs on banks

Research to be released today by the Centre for the Study of Financial Innovation and PwC paints a grim picture of banking worldwide -- describing the system as sad, gloomy and "in peril" -- but also surprisingly reveals that Australian banks ar