Jan 20, 2010
Three Australian men are under trial for allegedly evading AUD3.7 million in taxes, which was brought back into Australia through ATM withdrawals and orchestrated through a Swiss-based accountant.
On January 18th a court case was opened concerning Daniel Aran Stoten, Adam John Hargraves and Glenn Luke Hargraves, who are alleged to have evaded nearly AUD4 million [...]
Three Australian men are under trial for allegedly evading AUD3.7 million in taxes, which was brought back into Australia through ATM withdrawals and orchestrated through a Swiss-based accountant.
On January 18th a court case was opened concerning Daniel Aran Stoten, Adam John Hargraves and Glenn Luke Hargraves, who are alleged to have evaded nearly AUD4 million in taxes over the period of four years. The three men, who ran a phonebook publishing company, are accused of grossly overstating their business expenses and ... Read More
Dec 21, 2009
On December 18th, 2009, the European Free Trade Association (EFTA) released the fourth report covering state aid granted in Iceland, Lichtenstein and Norway, for the period between 2004 to the end of the 2008 year. The paper was prepared in co-operation with European Commission and includes comparisons with countries of the EU.
A total of €2,234.88 [...]
On December 18th, 2009, the European Free Trade Association (EFTA) released the fourth report covering state aid granted in Iceland, Lichtenstein and Norway, for the period between 2004 to the end of the 2008 year. The paper was prepared in co-operation with European Commission and includes comparisons with countries of the EU.
A total of €2,234.88 million was granted in state aid across the three surveyed countries in 2008, indicating an overall increase in grants across the countries. 98.9 percent of this amount ... Read More
Nov 30, 2009
As a new and unpredicted move, the media has discussed the possibility that UBS could relocate to outside of Switzerland.
Allegations have surfaced that during a speech given at a closed-door Zurich Business Club event on November 26th, Oswald Gruebel, Chief Executive of UBS, told an audience of prominent business figures that if the Swiss [...]
As a new and unpredicted move, the media has discussed the possibility that UBS could relocate to outside of Switzerland.
Allegations have surfaced that during a speech given at a closed-door Zurich Business Club event on November 26th, Oswald Gruebel, Chief Executive of UBS, told an audience of prominent business figures that if the Swiss government creates too many new regulatory demands on major banks, UBS could relocate its headquarters to a more favorable jurisdiction. The chief reason behind such a move ... Read More
Nov 23, 2009
Transparency International, an international non-profit organization aimed at fighting corruption, has released their annual Corruption Perception Index (CPI) survey, on November 17th. The corruption study consists of a ranking of 180 countries based on a corruption score, ranging from zero to ten, with the lower representing a higher level of perceived corruption.
This year, of the [...]
Transparency International, an international non-profit organization aimed at fighting corruption, has released their annual Corruption Perception Index (CPI) survey, on November 17th. The corruption study consists of a ranking of 180 countries based on a corruption score, ranging from zero to ten, with the lower representing a higher level of perceived corruption.
This year, of the countries surveyed, New Zealand was found to be the least corrupt, with Denmark, Singapore, Sweden and Switzerland following. Somalia was the country perceived to have the highest ... Read More
