Micro News

Micro News

According to the Federal Minister of Germany for Finance Mr Olaf Scholz, discussions with several bodies in the OECD and G20 Forum has been successful in agreeing an international minimum corporate tax standard. The matter will be discussed again at this month's meeting of G20 members, and again at the…


Last month, the Turkish President Recep Tayyip Erdoğan made an announcement regarding an arms trade between Turkey and Russia; which will reportedly go ahead in spite of world condemnation. The S-500 Prometey (Russian: C-500 Прометей) defense systems after Ankara's much debated purchase of the S-400…


Bank of Cyprus Chairman Josef Ackermann has stepped down as CEO; with newly appointed John Patrick Hourcian taking the departed place. He made a speech stating that the change in leadership at the bank would not slow the lenders momentum in the coming months. Last week, the bank declared a €95m net…


Accountants and service providers in the UK have been reminded to evaluate their internal AML procedures after the HMRC have been sending large penalties to non-compliant money laundering regulating estate agents since the start of last month. Following a week-long money laundering clampdown, the HMRC…


A recent HR survey conducted by recruitment consultancy Egon Zehnder has found a huge 8 in 10 of Singapore's Chief Executive Officers reportedly find it difficult to source qualified finance professionals in the city-state. (8 in 10 is approximately 83% of all individuals surveyed). The number rises…


Jurisdictions from across the globe are seeking to claim back collectively over a billion pounds GDP in unpaid tax, that was made public knowledge as a result of the Panama Papers, the huge leak of tax-haven financial records that was made public three years ago last week. The sum includes the equivalent…



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