Banks shun UK to lower their tax September 1, 2011 European banks are looking for ways to move as much of their trade as possible through low-tax jurisdictions to cut their tax bill, it emerged yesterday. The institutions are finding ways to restructure their entities to avoid paying onerous tax rates in jurisdictions such as the UK, tax specialists at Deloitte and PwC told Bloomberg. [...]
CITY MOVES | WHO’S SWITCHING JOBS August 22, 2011 Savills The property firm has strengthened its building and project consultancy team by hiring surveyors Edward Wilson and Tim Cole, who will be based at the Finsbury Circus office in the City of London. Wilson (pictured) joins Savills from Drivers Jonas Deloitte, where he worked in the building consultancy team for over three years. Cole [...]
Australian PM sets out her controversial carbon tax bill September 13, 2011 AUSTRALIAN Prime Minister Julia Gillard introduced her government’s controversial carbon tax plans to parliament yesterday, despite heated opposition from the country’s conservatives. The deeply divisive levy, due to be voted on next month, will force around 500 of Australia’s most polluting companies to pay A$23 (£15) for each tonne of carbon they emit from July [...]
Asia to lead the way in the next wave of stock exchange mergers August 8, 2011 EMERGING markets will lead the way in the next wave of exchange mergers, according to a new study by PwC. The firm says high operating leverage and heightened competition have suppressed margins across the sector, paving the way for M&A activity. Share trading has rocketed by a fifth in Asia over the last decade, while it [...]
UK’s 50p top rate slammed September 28, 2011 ONLY three other European Union states have a higher top rate of income tax than the UK, consultancy group KPMG said today. Outside the EU, just Japan and the small Caribbean island of Aruba have a higher top rate than the UK, out of 96 countries surveyed by the group. Western Europe remains the region [...]
Tax programme lures high achiever August 18, 2011 PEOPLE always assumed Jasmine Cope, a high achiever who skipped a year at the Sir Henry Floyd Grammar School in Aylesbury, would go on to university. But Cope, who turns 17 tomorrow, turned her back on higher education after the tuition fees increase left her “unable to justify” finishing her studies with so much debt, [...]
Fund manager pay to change July 28, 2011 NEW European rules covering fund managers include strict changes to salary structures in the industry that few are aware of, PwC said yesterday. The Alternative Investment Fund Managers Directive will make hedge and private equity funds restrict cash bonuses, paying at least half in shares. Between 40 and 60 per cent of variable pay must [...]
Brussels wages war on big four September 26, 2011 RADICAL plans to force the UK’s biggest auditing firms to hive off their huge consultancy arms or ban them from cross-selling services to their clients have been tabled by European authorities, it emerged yesterday. The European Commission has set out new draft regulations to drastically curb the UK’s Big Four accountants Ernst & Young, PwC, [...]
Brussels wages war on big four September 26, 2011 RADICAL plans to force the UK’s biggest auditing firms to hive off their huge consultancy arms or ban them from cross-selling services to their clients have been tabled by European authorities, it emerged yesterday. The European Commission has set out new draft regulations to drastically curb the UK’s Big Four accountants Ernst & Young, PwC, [...]
CHARLES STANLEY HIT FOR SIX IN HUMBLING CRICKETING DEFEAT August 21, 2011 BATTERED egos at Charles Stanley, which is still recovering from its painful cricketing defeat at the hands of Ignis Asset Management in the final of the Stockbrokers Cup. “Cricket can be a great leveller,” said Charles Stanley’s “gutted” captain Ed Clark, who brought his team to the match as the undefeated champions for the past [...]