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Haven to relax rules on bank secrecy

Source:

Financial Times

Source Date:

Friday, March 13, 2009

Focus:

Human Resource Management and Development

Summary:

onaco, which, like Liechtenstein and Andorra, was put on an OECD list of "unco-operative tax havens" in 2000, said it was reviewing its position, but did not expect to reach a conclusion for several weeks. Andorra indicated it would move to repeal bank secrecy rules. Liechtenstein will not go so far as to abolish bank secrecy. But the principality will co-operate more fully with fore ... Read More

374 Views | Rated 0.0 | Created On : Mar 16, 2009

Tax havens in retreat as Swiss capitulate

Source:

Financial Times

Source Date:

Monday, March 16, 2009

Focus:

Human Resource Management and Development

Summary:

The moves pave the way for intense pressure to be applied to the remaining hold-outs. Angel Gurria, secretary-general of the OECD, noted that "many jurisdictions still maintain arrangements that prevent them from assisting foreign authorities in tax investigations". Offshore centres reluctant to co-operate with foreign tax authorities face the threat of being "blacklisted" at n ... Read More

375 Views | Rated 0.0 | Created On : Mar 16, 2009

Swiss give ground on banking secrecy

Source:

Financial Times

Source Date:

Saturday, March 14, 2009

Focus:

Human Resource Management and Development

Summary:

Hans Rudolf Merz, Switzerland's finance minister, stressed the core of the country's bank secrecy laws would not change, meaning customers' accounts would remain confidential in all but exceptional cases, such as criminal investigations. But he said [Bern] would abolish the strict distinction between tax fraud, a crime in Swiss law, and tax evasion, a civil offence. Germany launched a clampdow ... Read More

353 Views | Rated 0.0 | Created On : Mar 16, 2009

Berlin resolves to repay extra debt speedily

Source:

Financial Times

Source Date:

Wednesday, January 14, 2009

Focus:

Human Resource Management and Development

Summary:

"We will have to borrow more," she said. "But we must also be credible vis-a-vis future generations when we say we intend to repay this debt." "I am expecting a federal deficit of EUR60bn this year," Steffen Kampeter, public finance expert for Ms [Angela Merkel]'s Christian Democratic Union in parliament, said. This would be EUR20bn above the postwar record. " ... Read More

322 Views | Rated 0.0 | Created On : Jan 19, 2009

Brown backs public spending as best tool to end crisis

Source:

Financial Times

Source Date:

Tuesday, January 13, 2009

Focus:

Human Resource Management and Development

Summary:

The CBI employers' group called on Mr Brown to supplement the scheme with moves to ease credit and "stop people being made unemployed in the first place". David Frost, director general of the British Chambers of Commerce, questioned if employers would take up "golden hellos" when struggling to pay existing staff. He said the measures "will be more effective when a recovery ... Read More

259 Views | Rated 0.0 | Created On : Jan 19, 2009

Spain hit by public finance warning

Source:

Financial Times

Source Date:

Tuesday, January 13, 2009

Focus:

Human Resource Management and Development

Summary:

The growing dangers for Europe's sharply slowing economies were highlighted yesterday as Spain became the third eurozone country to be warned over its deteriorating public finances in the space of three days. Standard & Poor's, the rating agency, said Spain's top-notch triple A credit ratings could be downgraded because of pressure on public finances after it entered what is likely to be a ... Read More

230 Views | Rated 0.0 | Created On : Jan 19, 2009

Collapse of Doha Forces Acceptance of Second Best

Source:

Financial Times

Source Date:

Wednesday, August 06, 2008

Focus:

Human Resource Management and Development

Summary:

So it is especially frustrating for Mr [Celso Amorim] that the collapse of the talks was caused by India's refusal to give ground on measures to protect its non-farm sectors and by unwillingness by China and even Argentina, Brazil's main partner in the Mercosur customs union, to join Brazil in making similar concessions in the name of a multilateral agreement. The Doha talks stumbled several t ... Read More

1258 Views | Rated 0.0 | Created On : Aug 06, 2008

Further Liberalisation Can Widen India's Banking System

Source:

Financial Times

Source Date:

Tuesday, August 05, 2008

Focus:

Human Resource Management and Development

Summary:

Sir, Kavaljit Singh (Letters, July 29) is right to lament the scarcity of banking services to the rural poor in India, but is mistaken in suggesting that liberalisation of financial services cannot be part of the solution.

1530 Views | Rated 0.0 | Created On : Aug 06, 2008

Italy Gets Tough on Crime but Neglects Corruption

Source:

Financial Times

Source Date:

Tuesday, August 05, 2008

Focus:

Human Resource Management and Development

Summary:

Given Mr [Silvio Berlusconi]'s mastery of the media, his leftwing rivals accuse him of fuelling the sense of fear that he offers to assuage. Ministers in the previous centre-left government felt constantly undermined by negative reporting that played up savage crimes allegedly committed by foreigners - notably the case of a naval officer's wife whose grisly murder became a campaign theme in the el ... Read More

1650 Views | Rated 0.0 | Created On : Aug 06, 2008

Entry of big foreign banks has not widened access to include India's poor

Source:

Financial Times

Source Date:

Sunday, July 27, 2008

Focus:

Human Resource Management and Development

Summary:

Of a total 602 districts in India, nearly two-thirds (391) have inadequate banking cover. Banks are reluctant to open branches in "under-banked" regions because of concerns over meeting profitability criteria. According to the Reserve Bank of India, of 933 bank branches opened during between June 2005 and July 2006, just two were opened in under-banked areas. Recent studies have pointed out that 7 ... Read More

1455 Views | Rated 0.0 | Created On : Aug 05, 2008

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