Search Results for: Australia

The Organisation for Economic Co-operation and Development (OECD) has issued the full version of new global guidance for governments swapping financial data to tackle tax evasion. The Standard for Automatic Exchange of Financial Account Information in Tax Matters urges governments to collect detailed account information from financial institutions and to exchange this automatically and annually with other jurisdictions.…

SIX months after new European Union (EU) rules came into force regarding air passengers carrying liquids, aerosols and gels (the trade acronym is LAGs) in hand luggage at EU airports, business seems to have improved for personal care product duty free retailers.…

SINGAPORE and the United States have negotiated an agreement that will force Singaporean financial institutions to declare money held in the city state by American citizens and residents. The deal will help Singapore comply with the US Foreign Account Tax Compliance Act (FATCA), which says all financial institutions outside the USA must regularly submit such information to the US Internal Revenue Service (IRS).…

Extreme weather events in 2013 were plentiful in the Asia-Pacific region – increasing demand for high performance coatings. Typhoons and cyclones brought devastation to parts of the central Philippines with typhoon Haiyan, while India was hit by Phailin, the second strongest tropical cyclone to strike the country since accurate meteorological records began.…

THE UNITED States’ Foreign Account Tax Compliance Act (FATCA) is to go into force on July 1. Aimed at curbing tax evasion by US citizens around the world, foreign financial institutions (FFIs) are required to report on US account holders, but over 200,000 FFIs and 123 countries have not yet signed up.…

When India’s new Prime Minister Narendra Modi swept the just-concluded general elections riding on the slogan in Hindi ‘achche din aane wale hain’ – which means good days are coming soon – Indian garment exporters agreed.

With Modi’s BJP (Bharatiya Janata Party) government assuming power on May 26, the new textile minister Santosh Kumar Gangwar’s statement that he wants to project ‘Brand India’ abroad and boost garment exports has given exporters confidence that government help will be offered.…

KAZAKHSTAN’S promising beef industry is trying to create its own breeder herds, with a plan to import as many as 10,000 Angus and Hereford cows from the US and Australia, KazBeef Ltd  LLC director general Beibit Yerubayev told globalmeatnews.com.

This is all part of efforts to make the central Asian country a beef exporting powerhouse, building from its current 5,000 tonnes of annual beef and beef products exports.…

A DISPUTES panel has at last been formed at the World Trade Organisation (WTO) to consider whether Australia is breaking WTO rules by insisting since December 2012, under the Tobacco Plain Packaging Act 2011, that all tobacco products must be sold in plain packaging.…

There is nothing better for a financial professional to oversee the transformation of an innovative company from a small scrapper to a big player – and ACCA qualified Australia-based Paula Kensington knows how this feels.

She is CFO of Rubik Financial – a Sydney-based provider of banking software – whose revenue since the end of 2011 has increased by 200% and its share price multiplied, driving market capitalisation exceeding Australian dollar AUD150 million (USD140.39 million).…

US-based Baker & Taylor and Canada-based Whitehots Inc have agreed to cooperate in offering Canadian libraries and schools a one-stop, cloud-based platform to acquire and distribute print and digital material. “What was missing in the [Canadian] market was a Canadian company that was able to sell both print and digital materials to Canadian public and school libraries,” said Russ Culver, CEO of Whitehots.…