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  • Notice: Trying to get property of non-object in user_node_load() (line 3604 of C:\Domains\kaio.com.vn\dotraco.vn\modules\user\user.module).
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  • Notice: Trying to get property of non-object in user_node_load() (line 3606 of C:\Domains\kaio.com.vn\dotraco.vn\modules\user\user.module).

Financial - Offshore - Tax news

Companies' Offshore Profits Keep Piling Up

U.S. corporations added at least $206 billion to their stockpiles of offshore profits last year, parking earnings in low-tax countries until Congress gives them a reason not to. They have accumulated $1.95 trillion outside the U.S., up 11.8 percent from a year earlier, according to securities filings from 307 corporations.

The Super-Rich's Offshore Tax Avoidance Strategies

Dmitry Rybolovlev and his wife, Elena Rybolovleva, have been brawling for almost five years in at least seven countries over his $9.5 billion fortune. In a divorce complaint filed in Geneva in 2008, Rybolovleva accused her husband of using a “multitude of third parties” to create a network of offshore holding companies and trusts to place assets—including about $500 million in art, $36 million in jewelry ...

Cyprus: A Mediterranean island slowly rebuilding after crisis

Cyprus, the tiny Mediterranean island bailed out a year ago, remains "in difficulty...but not as bad as one would have expected," its finance minister Harris Georgiades told CNN during an interview in the capital city Nicosia.

Citigroup share buyback and dividend plan rejected by Fed

The US Federal Reserve has rejected plans by Citigroup to buy back shares and boost dividends for shareholders.
It cited deficiencies in the bank's ability to plan for how stressful situations would hurt its business.
It is a setback for Citigroup boss Michael Corbat who was brought in to bolster internal controls after the bank failed stress tests two years ago.

Bank of England: Inflation to fall below 2%

LONDON (AP) -- The Bank of England warned Wednesday that it expects inflation to fall below the government's target of 2% next year as the economy contracts further, stoking expectations that the Bank will lower its benchmark interest rate - possibly to the lowest level ever.