Tough new sanctions for offshore tax evaders
Tax evaders are set to face tough new sanctions under plans detailed by HM Revenue and Customs (HMRC) today.
The proposals will mean that those who do not come forward and pay outstanding taxes from offshore investments and accounts, could ...
Big banks plan to coin new digital currency
By Martin Arnold
Four of the world’s biggest banks have teamed up to develop a new form of digital cash that they believe will become an industry standard to clear and settle financial trades over blockchain, the technology underpinning bitcoin.
UBS, the ...
World losing $2.6trn annually to corruption—KERRY
ON AUGUST 24, 2016 1:44 AM / IN NEWS
By Henry Umoru, with agency report,
ABUJA—The U.S. Secretary of State, John Kerry, yesterday said the world lost ...
Taiwan probes Mega Financial after U.S. money laundering-related fine
BIG STORY 10 | Tue Aug 23, 2016 8:38am EDT
By Liang-Sa Loh and J.R. Wu | TAIPEI
Taiwan is investigating if Mega Financial Holding Co and its banking unit broke local criminal laws in a case that led to U.S. authorities ...
Uber facing massive $6.3 million bill in back taxes in Taiwan
By VICTORIA HO SINGAPORE
's tough times for Uber in Taiwan, as the company possibly faces a massive $6.3 million tax bill there.
The government has reportedly asked the U.S. ride-sharing firm to pay up in back taxes owed since it entered the market in ...