OECD proposes conforming amendments to transfer pricing guidelines on business restructuring – MNE Tax

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…

High-end jewellery retailer Bensimon collapses into liquidation with $7 million in debt – SmartCompany.com.au

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…

No ‘immediate threat’ to Cyrenians Cymru programmes as fraud probe continues at insolvent charity – South Wales Evening Post

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.…

Credit Suisse Group Restructuring its Asia-Pacific Business – Bidness ETC

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…

MOVES-Deloitte names new corporate restructuring group leaders – Reuters

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…