By Nathan Lynch, Head Regulatory Analyst for Australia & New Zealand, Thomson Reuters Lawyers, accountants and other professional service providers are facilitating tax evasion and money laundering in Australia on a scale that places them in the category of organised crime, according to senior policing figures and government officials. The release of the Panama Papers…
Is buying into a franchise worth the investment? Recent disputes between franchisors and franchisees of popular brands such as Nandos, Eagle Boys and 7-Eleven would suggest franchises are risky business. However, enterprising Australians do love a franchise: we have about 1200 different franchise systems operating, licensing almost 80,000 franchisees. This is one of the highest rates…
The special administration regime is referred to in the Act as ‘housing administration’, and is aimed at private registered providers of social housing in England (‘housing associations’). It is limited in that only the secretary of state, or the Homes and Communities Agency (HCA) with the consent of the secretary of state, may apply for…
Total buybacks and dividends in the S&P 500 equal about 128 per cent of annual earnings this year, the most on record outside the financial crisis, according to an August report by Barclays Capital. Dennis Brack by Oliver Renick Little by little, the corporate cushion is shrinking. Pressured by a year-and-a-half of weakening profits and…
Its hard to come up with a better example of just how topsy-turvy the global corporate tax situation is than Irelands effort to prevent Apple Inc. from paying it more than $14 billion in back taxes. The country, which only a few years ago was digging out of insolvency, doesnt want the money. Instead the…
In the next few weeks, an election event will take place that I believe could trigger major volatility ending in the market crash. I believe it is too late to reverse the tidal wave of our financial systems failure that has been brewing for three decades now. It will soon end in a speculator implosion…
Law firm Howes Percival has expanded its insolvency and corporate recovery team with the recruitment of Fiona Stuart who joins as an associate. Previously with Isadore Goldman, she will support Howes Percivals corporate team in Cambridge. Stuart specialises in all aspects of personal and corporate insolvency and advises business owners, creditors, insolvency practitioners and other…
Despite VPB, through its proprietor Anthony Siwawa, putting up a fight to save the business from final liquidation, Leburu pronounced it just and equitable for the operation to be wound up considering that its franchise agreement has been terminated while it has also failed to service a P41 million FNBB loan among other creditors. FNBB,…
KEITH WHITTEN/FAIRFAX NZ The Inland Revenue Department is applying to liquidate the Mad Butcher store in Silverdale. Another Mad Butcher store is facing liquidation, in what could be the seventh franchisee of the discount butcher chain to go under in the past 18 months. The Inland Revenue Department (IRD) has made an application to liquidate the…
Sacked workers have slammed a double glazing boss after he spent thousands on his daughter’s wedding as his business crumbled around him. Dozens of people were left jobless when TFD (Scotland) and sister firm Dalmatian Windows went out of business on August 25. And many are furious after they found out Gary Fieldman, whose company…