French Tax authorities can now mine tax data from these files. The Swiss Federal Tax Administration (FTA) has let it be known, it will not appeal against a court’s decision which allows UBS to inspect its files and collect information… Read More ›
Regulations & Legal
UAE’s Dubai Aerospace finances Iran’s purchase of 17 jets from Airbus
With its economy being isolated for so long, business deals with Iran has immense potential. According to sources familiar with this move, Iran has broken the logjam in its efforts to buy aircrafts from Airbus. It has reached a deal… Read More ›
CARB finds yet another cheating software installed in Audi’s automatic transition
This is a new find, as per Bild am Sonntag. Audi is the prime contributor to the VW group’s earnings. VW is currently holding talks with U.S. regulators on a proposed fix for its cars. German news daily, Bild am… Read More ›
U.S. unit of Takata must file for bankruptcy – potential bidders
While potential bidders want Takata’s U.S. unit to file for bankruptcy so as to cover them from potential future lawsuits, GM’s legal precedent could however spoil their game plan of acquiring Takata’s assets without getting tainted by its liabilities. However,… Read More ›
VW vehemently defends the usage of its defeat device in Europe
VW has stated that the usage of its defeat device is in conformity with European law. However, as a gesture of public goodwill, it will refit the affected vehicles. It is to be seen how much of this posturing will… Read More ›
U.S. unit of Takata mulling bankruptcy: Sources
The Japanese auto parts maker has been struggling to survive after news of its potentially deadly airbags hit the market. According to a source knowledgeable with the matter at hand, the U.S. unit of Japanese auto parts manufacturer Takata Corp… Read More ›
ACA Financial Guaranty Corps wins Abacus case over Goldman Sachs
The Abacus case was related to the subprime mortgage crisis which was at the heart of the 2008 financial crisis. The suit claimed that Goldman Sach’s schemed to reap in huge fees by helping a hedge fund reap in huge… Read More ›
CICC close to acquiring China Investment Securities for undisclosed sum
The strategic merger will help place CICC in the retail brokering business. As per two sources with knowledge of the matter at hand, China International Capital Corp is in an advanced acquisition talks with China Investment Securities. The leading Chinese… Read More ›
China’s Wanda to acquire Dick Clark Production for $1 billion
Wanda is owned and run by China’s richest man Wang Jianlin. He aims to bring Hollywood technology and muscle through acquisitions to the Chinese heartland. After the acquisition, he will retain Dick Clark Production’s team. Extending the ever growing Chinese… Read More ›
Britain’s Tax Agency Probes One Third of the Country’s Wealthiest People
A report by the U.K.’s National Audit Office (NAO) said that the country’s official tax collection agency is investigating one third of the wealthiest people in the U.K. currently. The tax accounting of the U.K.’s 6,500 richest individuals is studied by… Read More ›
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