In recent years, a number of transfer pricing-related disputes between multinational corporations and tax authorities have made the headlines. Of particular note is the $3.4bn settlement between GlaxoSmithKline and the Internal Revenue Service in the United States and AstraZeneca’s approximately £500m settlement in the United Kingdom. These eye catching numbers are just the tip of…
The first eight years of the euro were notable for their lack of economic instability, which from a political perspective served to dull the urgency to secure greater economic coordination and integration. Whether member states like it or not, this will have to change if the euro is to survive the next decade intact. Should…
It’s been several years since eToro started making serious waves in the financial trading industry, and this year World Finance has recognised its achievements. eToro came into the industry with a clear vision – to open the field of personal financial trading up for the millions of people who never thought they would be able…
Given an economically active workforce of around 21 million, of whom just eight million are signed up to the independent savings regime, the pensions industry in Colombia has huge potential for future growth. No wonder one of the leading players calls itself Porvenir – the Spanish word for future – and has a sunrise as…
A company can only be competitive if it has a well-designed global strategy. That was the cornerstone of Itautec’s international operations. What is more, this competitiveness has enabled the company to achieve an outstanding position that has been kept over the past thirty years of existence. The efficient implementation of this strategy has allowed us…
Banco Inbursa is a subsidiary of Grupo Financiero Inbursa which was established in Mexico 44 years ago, and since its foundation the same controlling shareholders have been managing the group. The bank has a strong balance with a 21.1 percent tier 1 capital ratio and loan loss reserves that cover 3.6 times its non performing…
For more than 25 years, active traders have been finding their competitive edge in the world’s markets with the award-winning charting and market analysis in eSignal. Especially now, as exchanges around the globe point to economic recovery, subscribers to eSignal’s charting and market data can find profitable opportunities using time-tested technical analysis methodologies. A comprehensive…
Under the current economic environment many countries are confronted with the need for rigorous budget measures to meet deficit-cutting targets. The enormous government debts, resulting from the accumulated government deficits over several years, or in some cases even decades, is causing severe problems. The common denominator in the budget measures that are currently being introduced…
Under the current economic environment many countries are confronted with the need for rigorous budget measures to meet deficit-cutting targets. The enormous government debts, resulting from the accumulated government deficits over several years, or in some cases even decades, is causing severe problems. The common denominator in the budget measures that are currently being introduced…
Easily the most significant of a mountain of laws now being drawn up in the backrooms of Congress and the Senate with the vigorous intervention of the White House is one that decrees no bank will be so big that it will not be allowed to fail. In short, no more bail-outs. The so-called “resolution…
