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Archives by Year:
Uncertainty surrounds India’s GAAR implementation
The Indian government decided to defer implementing GAAR for another year after a visit from the US Treasury Secretary in April. General Anti-Avoidance Rules were established to fight tax avoidance by enforcing the country’s tax regulations. The GAAR regulations were part of the proposed Direct Tax Code 2010 to deter sophisticated means of ducking income […]
Spain downgraded as banks face €112bn hit
Fitch sliced its rating on government debt three notches from A to BBB, barely above junk status, blaming the enormous projected cost of cleaning up the country’s troubled banking sector, the deep recession and soaring national debt. The downgrade came after it emerged European officials were weighing up a bailout programme for Spain that would […]
Facebook investors eat humble pie
The social media giant was plagued with technical problems on its first day of trading, marring it’s highly anticipated stock offering last month. Computer glitches at the Nasdaq delayed the opening of trading by half an hour and kept some investors from buying shares in the morning, selling them later in the day, or even […]
