The OECD on July 4 published proposed amendments to Chapter IX of the transfer pricing guidelines dealing with business restructuring to conform the guidance to recent changes made to other chapters on account of the final OECD/G20 base erosion profit shifting (BEPS) reports. Significant changes were made to Chapter 1 of the guidelines concerning delineating…
Luxury jewellery retailer Bensimon has collapsed into liquidation, with reported debts totaling close to $7 million. Bensimon Reatil Group operates the Bensimon Diamonds retail outlet in Melbournes Crown Casino, as well as an online retail business. Its related company, RR Fine Jewels, trades as Elizabeth Fine Jewellery on Elizabeth Street in the Melbourne CBD. The…
Virgin Australia has flagged a $450 million impairment to its full-year earnings as it cuts costs as part of a wider restructure of the airline as it prepares to raise $852 million from shareholders to pay down debt. The airline also flagged changes to the types of aircraft it uses as part of a fleet…
The rush of Christmas shopping can come back to bite you with credit card debt many month later. Postmedia News files Q: Ive been so careful with buying things on my credit cards and I am so frustrated that I cant pay them down. Im hardly using the cards at all and I still owe…
Comments (0) Swansea charity Cyrenians Cymru has said that there is no ‘immediate threat’ to its programmes – despite being declared insolvent and a second staff member under investigation for fraud. The BBC has also reported that the charity is now speaking to all the organisations it works with to plan how to keep its work going.…
SPRINGFIELD, Mo. (KSPR) It’s been 5 years since Wonders of Wildlife stopped taking hotel – motel tax revenue funds. That money has been split up to pay off city debt and help fund other projects that are expected to bring in tourism.The tax revenue that comes in each year now is split 40-60.40% of that…
By Reuters Published: 23:29 EST, 5 July 2016 | Updated: 23:29 EST, 5 July 2016 By Dhara Ranasinghe LONDON, July 5 (Reuters) – Foreign demand for British government bonds may not necessarily be hit by the Brexit vote and sterling weakness could even encourage foreign investors to buy gilts, a senior official at the country’s…
Credit Suisse Group AG (NYSE:CS) is going to make changes to its Asia-Pacific region as the lender struggles with deteriorating investor confidence. The Swiss bank has decided to merge its equities and fixed-income, currency and commodities business in Asia-Pacific. According to Reuters, the current head of Asia-pacific equities business, Ali Naqvi will be in charge…
Deloitte & Touche LLP named Kirk Blair its corporate restructuring group leader and Michael Epstein global managing director for restructuring services. Blair, a Deloitte Advisory partner with Deloitte Financial Advisory Services LLP, would succeed William Snyder. Epstein, a Deloitte Advisory principal with Deloitte Transactions and Business Analytics LLP, would succeed Andrew Grimstone. (Reporting by Arunima…
Bike Share Toronto is adding 120 new stations. The program currently has over 4,000 annual members and 35,000 casual users. (Steve Russell / Toronto Star) | Order this photo By Ben SpurrTransportation Reporter Tues., July 5, 2016 The past five years have been a bumpy ride for Torontos fledgling cycle-share program. Since its launch in 2011,the…