SFAT Reprimands and Fines Moody’s HK$11 million over Red Flags Report on Chinese Companies The Securities and Futures Appeals Tribunal (SFAT or the Tribunal) has upheld a disciplinary action brought by the Securities and Futures Commission (SFC) against Moody’s Investors Service Hong Kong Limited (Moody’s). However, not all the SFC’s claims were upheld and the […]
Last year, the Financial Administration intensified their efforts to tax evasion based on sharp practices connected with transfer prices; the FA officials inspected approximately 800 tax subjects, which meant an increase by almost 40% in comparison with 2014, and additionally assessed taxes totalling CZK 450m. As can be surmised, further actions following this pattern may […]
On-line reporting via the HMRC portal of transactions with your employees or directors involving shares or options is compulsory. Employers who do not report will face penalties and could face getting their schemes disqualified from tax advantages. Old style paper returns are not accepted by HMRC. The deadline for submission of tax returns reporting share […]
VAT Reverse Charge Mechanism to apply to Certain Wholesale Supplies from 1st February 2016 Certain UK clients have asked me to explain the VAT rule changes for UK wholesale telecommunications supplies, and hopefully this blog will do that. From 1st February 2016, providers of wholesale telecommunications services in the UK will no longer apply VAT […]
Children are an interesting target audience in the field of advertising. That being said, it is important for businesses to be careful not to infringe Germany’s Gesetz gegen den unlauteren Wettbewerb (Unfair Competition Act). GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: Computer games, […]
The German Federal Supreme Court today put an end to a collective distribution practice established for decades. The defendant, collecting society VG Wort, collects amongst others the copyright levies for private copying. Distributions are split 50/50 between the respective authors (of literary works) and their publishers. The Court held that distributing this share to publishers […]
A vessel in considered as laid up when she remains idle in port if no voyage exists or in case of repairsor survey. A seafarer may be dismissed from his work in case of lay up of the vessel, and if the lay uplasts at least 15 days, the seafarer is entitled to dismissal remuneration, […]
A ruling of the Arbeitsgericht Berlin (Labour Court of Berlin) is causing a sensation. According to this, heirs can have the holiday entitlement of a deceased employee paid out to them. The Bundesarbeitsgericht (BAG) [Federal Labour Court] came to a different conclusion. GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, […]
The legal system in Qatar witnessed a massive advancement towards modernization. Following is an account of some key legislations. The Constitution The State’s constitution became effective in June 2005. The Constitution states that Qatar has a democratic political system, and shall preserve its independence, sovereignty, security, safety, stability and integrity of its territory, and that […]
A webcast presentation by Yann Mrazek (Managing Partner of M/Advocates of Law)on DIFC WILLS & PROBATE REGISTRY (“DIFC WPR”), in force since May 2015: https://stepwebevents.avtclient.co.uk/Yann_Mrazek
M/Advocates of Law is organizing a Dubai Business Forum in Paris on 18 May 2016. A special focus will be provided on the practical use of the UAE for international tax mitigation in a global context. Further insight will be provided on the position of the UAE as a structuring platform and financial hub as […]
Simont Braun’s Digital Finance Team has published a newsletter on Third Party Payment Service Providers, their characteristics and the different aspects of data protection. The real question is whether banks will evolve to the mere infranstructure of the payment industry Please find the the full article on: http://www.simontbraun.eu/images/SB_Digital_Finance_News_-_Third_Party_Payment_Service_Providers_April_2016.pdf