Sportech share price jumps as court refuses HMRC appeal over Spot the Ball taxes May 24, 2016 Shares in pools operator Sportech have jumped by over 15 per cent today, after its success in the latest round of its legal battle with Her Majesty's Revenue and Customs (HMRC). The Court of Appeal has refused HMRC permission to appeal its judgment in favour of Sportech relating to a £97m tax repayment claim to the Supreme Court. The [...]
Labour has won a court victory defending its right to bar some members from voting in its leadership election August 12, 2016 The Labour party has won a court victory over its right to set a "freeze date" barring new members from voting in its leadership election. Five members took Labour to court over their right to vote after the party ruled that only those who were members before 12 January this year. Labour's ruling committee proposed [...]
EU wades in to Greek statistician row with bailout threats August 24, 2016 Never far from the headlines, the Greek debt crisis rumbles on. Now, a row in the country over data supplied by its official statistics agency Elstat could risk Athens' current bailout programme. Earlier this month Greece’s Supreme Court ruled the former head of Elstat, Andreas Georgiou, should face trial on charges of artificially inflating Greece’s deficit in 2009 to help foreign creditors secure [...]
Barcelona star Lionel Messi given 21 month jail sentence and fined €2m for tax crimes by Spanish court July 6, 2016 Lionel Messi and his father Jorge have been sentenced to 21 months in prison and fined €2m and €1.5m respectively for three counts of tax fraud. The pair had been charged with defrauding Spain of more than £3m between 2007 and 2009 by funnelling earnings made through image rights through tax havens in Belize and Uruguay. Yet neither the Barcelona star [...]
Apple is ramping up iPhone production after Samsung recall October 12, 2016 Apple and Samsung’s simmering rivalry was taken up a notch amid the South Korean firm’s Galaxy Note 7 meltdown, which is expected to cost billions and threatens to leave its reputation in tatters. Around $18bn ((£14.8bn) was wiped from Samsung’s value as shares plummeted more than eight per cent, its biggest intraday loss since the [...]
Swedish group trumps Trump with UK offshore wind farm near his golf resort July 21, 2016 A wind farm, which had been opposed by controversial US presidential candidate Donald Trump, got given the go-ahead today. Swedish energy firm Vattenfall confirmed it will invest £300m in the 11-turbine wind farm off the coast of Aberdeen. It will take 100 per cent ownership of the project, having bought Aberdeen Renewable Energy Group's 25 per cent [...]
What Jean-Claude Juncker won’t tell you about the real state of the EU September 11, 2017 On Wednesday, the president of the European Commission, Jean-Claude Juncker, will give his annual State of the Union address in Strasbourg. He will have you believe that all is well in the EU Land of Milk and Honey. But let us take a closer look at the real state of the EU. Read more: Barnier: [...]
Ex-Barclays trio in bid to appeal their Libor convictions August 15, 2016 Former Barclays bankers Jonathan Mathew, Alex Pabon and Jay Merchant have applied to appeal their convictions for Libor-rigging offences, which were handed down last month. City A.M. can reveal that applications have been lodged on behalf of the three men, who were found guilty of one charge each of conspiracy to defraud on grounds they conspired to [...]
France tells Swiss UBS to hand over tax details, but bank pushes for legal clarity July 5, 2016 UBS has been ordered to hand over tax information to the French authorities, the bank revealed today. A statement from UBS revealed that it had received a disclosure order from the Swiss Federal Tax Administration, on behalf of the tax authorities in France, concerning accounts of both current and former French domiciled clients, based on data from 2006 [...]
Now Tom Hayes’ crowdfunding campaign has broken the £25,000 mark July 10, 2016 A campaign to raise legal fees for former trader Tom Hayes has recently broken the £25,000 mark. At time of writing, the Fundrazr campaign for the former UBS and Citigroup trader had raised £26,705 – or 18 per cent – of its £150,000 target, with a number of four-figure donations coming in over the last week. [...]