Foreign Account Tax Compliance Act (FATCA) worries
Two stories that explain FACTA and why the Cayman Islands is worried The push for global tax transparency – the UK’s son of FATCA From pwc If press rumours are to be believed, the Autumn Statement may see the introduction…
Cayman Islands Directors Vote For FATCA IGA Model 1
by Amanda Banks, Tax-News.com, London Members of the Cayman Islands Directors Association (CIDA) have been surveyed on the reporting methods that could be used under the Foreign Account Tax Compliance Act (FATCA) and have voted in favor of Intergovernmental Agreement…
Stores withdraw bolognese and lasagne after French supplier issues
Two supermarket chains and a frozen food group have withdrawn some beef products from sale after concerns were raised at their French supplier. Comigel alerted Findus UK and Aldi that their products “do not conform to specification”. They advised them…
Quake off Solomon Islands triggers deadly tsunami
Homes were damaged and at least five people have been reported dead after a tsunami triggered by an undersea earthquake hit the Solomon Islands. The quake, with a magnitude 8.0, struck at 01:12 GMT near the Santa Cruz islands, the…
Tunisia PM forms new government after assassination
Tunisia is to form a non-partisan government of technocrats to run the country until elections can be held, the prime minister has said. Hamadi Jebali made the announcement at the end of a day that saw a leading opposition figure…
Deutsche Bank suspends traders for alleged Libor-rigging
Deutsche Bank has suspended more traders as part of an inquiry into whether staff attempted to manipulate inter-bank interest rates. The BBC understands that five traders, based in Frankfurt, were suspended on Tuesday. Deutsche has been looking into alleged manipulation…
Antigua may ditch financial services sector
by Rory Butler ST JOHN’S, Antigua – The government could decide to call it quits with the country’s second biggest contributor to the economy – the financial services sector. Experts have previously warned the sector is under severe threat, but it’s…
Monopoly: Cat replaces iron in board game overhaul
Fans of Monopoly have voted to replace the iron with a cat-shaped playing piece in the popular board game. Following a month-long online poll, toy maker Hasbro said the feline design had beaten competition from a robot, helicopter, diamond ring…
Two hurt in attack by komodo dragon in Indonesia
Two men have been injured in an attack by a komodo dragon in a wildlife park in eastern Indonesia, park officials say. The 2m (7ft) long lizard attacked a park ranger in his office, then turned on another employee who…
S&P faces US gov’t suit over 2007 mortgage bond ratings
NEW YORK: The US government plans to sue Standard & Poor’s over its rating of mortgage bonds at the heart of the 2008 financial crisis, the agency said Monday, slamming the case as “entirely” groundless. S&P said the Justice Department civil…
