The Yomiuri ShimbunThe government and ruling parties plan to revise the tax system in a bid to provide a boost to the business restructuring of Japanese companies, The Yomiuri Shimbun has learned. Under the current tax system, when a company separates its business divisions or subsidiaries and makes them fully independent, corporate income tax and…
Nov. 30, 2016 5:30 a.m. ET WASHINGTONThe federal government is on track to forgive at least $108 billion in student debt in coming years, according to a report that for the first time projects the full cost of plans that tie borrowers payments to their earnings. The report, to be released on Wednesday by the Government Accountability…
A former manager at an Aberdeen bar has narrowly avoided jail after embezzling more than £27,000 from his employers to feed his gambling addiction. Over the course of a year, former police officer Conor Summersgill carried out hundreds of unauthorised transactions at Paramount in Aberdeen before pocketing the cash. He was only caught out after…
David Menzies Scottish laws on insolvency have been brought together for the first time in a generation as the new Bankruptcy (Scotland) Act 2016 comes into force today. The Act captures all of the amendments made to the primary legislation governing bankruptcy in Scotland, the Bankruptcy (Scotland) Act 1985, including the wide-ranging reforms introduced in…
Like this story, share it with millions of investors on M3 Fresh infusion to help debt reduction: Amtek Auto The investors has made a significant investment in the group, said John Flintham, Vice Chairman of Amtek Auto. The company did n… Read the full article…
NEW DELHI: With insolvency professional agencies getting registered, the Insolvency and Bankruptcy Code will become operational from tomorrow. The Code will help quicker resolution of cases and unlock value of assets, Mamta Binani, President, ICSI, the apex body of company secretaries, told reporters here today. “The entire Insolvency and Bankruptcy Code will be functional from…
A former police officer turned bar manager has narrowly avoided jail after embezzling more than £27,000 to feed his gambling addiction. Conor Summersgill pocketed the cash from Paramount by carrying out hundreds of fake refunds over the course of a year. He was only caught out after another member of staff noticed he had refunded…
ONCE upon a time, Pumpkin Patch was a runaway success story. At its peak in 2007, the kids fashion label founded by New Zealander Sally Synnott was valued at $790 million ($NZ830 million), with hundreds of stores across the globe. Nine years later the clothing empire is worthless, with its receivers unable to find a…
Daily deals provider Groupon Inc. GRPN continues to exit international markets as a part of its restructuring plans. Fave platform developer KFit Group which acquired Groupon Indonesia in August recently acquired Groupon Malaysia. However, financial terms of the transaction were not disclosed. Last September, Groupon announced the restructuring plan under which it not only started…
Prime Minister John Key opened Callactive House in 2013, with then-Wellington City Council councillor John Morrison, and Callactive chief executive Rick Allan. The directors of a failed Wellington call centre who promised to create 2000 jobs have been declared bankrupt. CallActive was put into liquidation earlier this month, following the collapse of its Australian arm. Its Australian-based…