This document contains the proceedings of a Roundtable on Competition and Payment Systems held in October 2012. Discussions focused on recent country experiences on developments regarding all non-paper based forms of payment such as debit and credit cards, and E-payments (through internet, mobile phones etc.).
The OECD Committee on Fiscal Affairs invites public comments on a discussion draft on the tax treaty treatment of various payments, such as non-competition payments, that may be made following the termination of an employment.
On 25 June 2013, the OECD released for public comment a discussion draft on the tax treatment of various payments that may be made following the termination of an employment. The OECD has now published the comments received on this discussion draft.
Public comments are invited on a discussion draft which deals with action 4 (Interest deductions and other financial payments) of the BEPS Action Plan
On 18 December 2014, interested parties were invited to comment on the discussion draft on Action 4 (Interest Deductions and other Financial Payments) of the BEPS Action Plan. The OECD is grateful to the commentators for their input and now publishes the comments received.
A public consultation on BEPS Action Item 4 (Interest deductions and other financial payments) was held in Paris at the OECD Conference Centre on 17 February 2015.
Fiscal Expenditure in Thailand increased to 303115 THB Million in March from 169432 THB Million in February of 2020. Fiscal Expenditure in Thailand averaged 106597.61 THB Million from 1987 until 2020, reaching an all time high of 409249 THB Million in October of 2016 and a record low of 15678 THB Million in April of 1988. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. In Thailand, fiscal expenditure refers to cash payments for operating activities. This page provides - Thailand Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Patrick Jenkins and guests discuss push-payment fraud in the UK and who should compensate the victims, why Deutsche Bank is coming under pressure from investors to appoint a new investment banking chief, and why JPMorgan Chase in the US has been selling off loans from its balance sheet. With special guests: Stephen Jones, chief executive of the banking association UK Finance and Rushanara Ali, Labour MP and member of the UK Treasury Select Committee.
Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Stephen Morris, European banking correspondent, and Robert Armstrong, US financial editor. Producer: Fiona Symon
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Inheritance tax rules are due for a shake up - FT Money editor Claer Barrett asks whether efforts to simplify the system can ever shake off its claim to be "Britain's most hated tax"? Next, experts discuss whether the IR35 tax rules are flawed or not. And finally, Alan Livsey, the FT's wine buff talks about an investment that is literally liquid - fine wine.
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Consumers who use tax preparation services or software could have to wait months for money
Loan scheme worth up to £100m a month would allow suppliers to assist struggling customers
Tie-up aims to allow people with mobile wallets to pay for international online services
Banked, a London-based fintech using open banking to enable account-to-account payments at checkout (and beyond), has raised £2.35 million in further seed funding. The round was led by Force Over Mass, with participation from previous investors Backed and Acrew Capital, along with a number of high-net-worth individuals, such as Paul Forster (co-founder of Indeed.com). It […]
With unemployment growing at a worrying rate, we’re seeing a lot more people finding themselves in hot water when it comes to their finances. Today a startup that’s built a platform to help identify and help those users when they find themselves unable to make payments is announcing a very large growth round of funding […]
Credit cards have become all but ubiquitous for consumer transactions, and it isn’t hard to see why. By intermediating payments, networks like Visa allow buyers and sellers to exchange money for goods and services without knowing the financial risk profile of the counter-party. Rather than applying for credit at every merchant you shop at, you […]
This morning Finix, a software-as-a-service (SaaS) startup selling payments tech to other businesses, announced that it has raised a $35 million Series B. Sequoia led the round, which also saw participation from new investors Activant Capital and Inspired Capital. Finix did not disclose a new valuation as part of its round, and declined to share […]
Banked, a London-based fintech using open banking to enable account-to-account payments at checkout (and beyond), has raised £2.35 million in further seed funding. The round was led by Force Over Mass, with participation from previous investors Backed and Acrew Capital, along with a number of high-net-worth individuals, such as Paul Forster (co-founder of Indeed.com). It […]
Rory McIlroy embarrassed Matt Kuchar in hilarious fashion during a sponsor's event, leaving his rival squirming and world No 1 Brooks Koepka in fits of laughter.
With Diego Simeone earning £8.9million more than any of his peers in management, it is little wonder Atletico Madrid are one of the clubs who could most struggle financially from the shut-down.
The 58-year-old former rugby star, who is affiliated with Wimbledon Pitbull beer, also branded the business mogul a 'c***' when asked if his claims were real by one of his Twitter followers.
EXCLUSIVE BY MATT HUGHES: Sportsmail can reveal that IMG, who negotiated the lion's share of the £820million FA Cup contract, have withheld a payment relating to the quarter-finals.
Rudy Giuliani said President Trump's disclosure that he 'reimbursed' Michael Cohen for his payment to Stormy Daniels 'vindicates' that Robert Mueller must end his Russia probe.
President Donald Trump on Wednesday said he only knew about payments to a porn star and Playboy model 'later' and they were fully legal because no campaign funds were used.
The coronavirus has been a catalyst for big changes in the way consumers spend and pay.Ongoing trends like contactless payments and buy now, pay later are accelerating.New trends are emerging, like consumers' preference toward buy online, pick up in-store.Here's how banks, credit card companies, fintechs, and investors are thinking about the new norms in how we shop and pay.Click here for more BI Prime stories.From banks to credit card companies to retailers, the coronavirus pandemic has impacted virtually every player in the payments industry.Ongoing trends, like buy now, pay later and contactless payments, have been accelerated. And new norms in the way we shop, like buy online, pick up in-store, are emerging.We've spoken with execs across the payments ecosystem to understand what's changing,
In April, Franklin Templeton India shut down six debt funds, locking in ₹30,800 crore of investor wealth after a surge in redemptions.Explaining the reason behind this, Franklin Templeton CEO Jennifer M Johnson said that this is a liquidity issue and not a solvency issue.Franklin Templeton India’s assets under management (AUM) declined by almost 43% – from $7 billion to $4 billion.Franklin Templeton India, one of the oldest asset management companies (AMC) in the country, decided to wind down six debt funds amounting to ₹30,800 crore in investor wealth. Now, in an earnings call, Franklin Templeton President and CEO Jennifer M Johnson has explained what exactly went wrong with its India business.“We're doing everything we can for those shareholders, to make sure they get all their money back.
The parents of Reeva Steenkamp will not pursue a civil claim against Oscar Pistorius for killing their daughter and will pay back around £6,300 that the athlete gave them in monthly instalments.
EXCLUSIVE BY MATT HUGHES: The ECB will become the first governing body or league in the country to lose domestic television income as a result of the coronavirus lockdown.
Charlie Sheen is not too pleased with the IRS, who won't let him use a payment plan for his $5.7 million tax bill. The actor claims IRS commissioner John Koskinen is 'abusing his power.'
Sepp Blatter was being investigated into matters over selling World Cup TV rights too cheaply. Prosecutors are set to drop the case, but are still probing an alleged £1.8m payment to Michel Platini.
Australia's second largest bank is providing relief to individuals who have either lost their jobs or had their hours cut as a result of the COVID-19 shutdowns.
Pat Savage, 73, has been waiting since October for a compensation payment of around £3,500. The retired construction health and safety manager bought a standard annuity with the Prudential when he retired.
We reported last week how Peter Burgess (pictured) had been unable to access his pension pot, while Pat Savage had been waiting for a compensation payment for nearly three months.
I fell for a sales pitch from Easytrade.biz, and now am unable to withdraw any money. I have filled in several withdrawal forms, but it never happenes.
My son has been laid off due to the coronavirus, so he contacted Suzuki Finance to arrange a one-month payment holiday. It agreed to this, but said it will charge him £51 for this month.
I run three rural pubs which are all closed and may not open again. I cannot afford to keep up my payments. What can I do?
The 58-year-old former rugby star, who is affiliated with Wimbledon Pitbull beer, also branded the business mogul a 'c***' when asked if his claims were real by one of his Twitter followers.
Alexis Sanchez (left) is set to rake in a huge £1.1million bonus when he returns to Manchester United from his loan spell at Inter Milan as a clause in the Chilean's contract will be triggered.
Oliver, from London, was shocked to find that his bank account and overdraft had been completely wiped out after the holiday booking site mistakenly took thousands of pounds without warning.
With Diego Simeone earning £8.9million more than any of his peers in management, it is little wonder Atletico Madrid are one of the clubs who could most struggle financially from the shut-down.
NICKY MORGAN: Decriminalisation of TV licence evasion was previously looked at by David Perry QC. It has now been five years since the Perry Review.
Data shows that 5% of all point of sale transactions in 2017 in Britain were made using a mobile wallet. How does that compare to other nations around the world?
M&S.com has partnered with Clearpay on the new service with the payment option due to be available to all UK M&S.com customers from mid-November.
An app-based card provider which allowed users to pay with gold has been rescued from administration, having fought off a hostile takeover bid from one of its own creditors.
While borrowers make no payments for three months, card providers often still charge interest on balances during payment holidays, meaning borrowers continue to rack up interest