Article: Non-dom status claimed by 800 UK-born taxpayers living in Britain


Non-dom status claimed by 800 UK-born taxpayers living in Britain
http://www.theguardian.com/politics/2015/may/29/non-dom-status-claimed-by-800-british-born-taxpayers-living-in-uk

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GREECE: ‘ Greek bank deposits fall to lowest level in a decade – ECB data ‘


GREECE:LATEST:May.29: FRANKFURT (Reuters) – Deposits at Greek banks fell in April to 139.4 billion euros ($153 billion), down from 145 billion euros in the previous month, data from the European Central Bank showed on Friday.

This new level of deposits in Greece is the lowest in more than a decade. Deposits had risen above 240 billion euros in late 2009.

(Reporting By John O’Donnell; editing by Jonathan Gould)

Greek bank deposits fall to lowest level in a decade – ECB data

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LONDON: ‘ FTSE index falls on Greek concerns, drop in UK consumer confidence ‘


LONDON (Reuters) – The FTSE 100 fell on Friday, with an unexpected drop in consumer morale in the United Kingdom and uncertainty regarding Greece’s debt situation prompting investors to trim their trading positions.

FTSE index falls on Greek concerns, drop in UK consumer confidence

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Article: Massive surge in donations made 2015 general election most expensive ever


Massive surge in donations made 2015 general election most expensive ever
http://www.theguardian.com/politics/2015/may/28/massive-surge-donations-2015-general-election-most-expensive-ever

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NEW YORK: ‘ Charter-Time Warner Cable deal could spawn an online video service ‘


NEW YORK (Reuters) – Charter Communications Inc executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable Inc, in what would be an unprecedented move in the cable industry.

The $56 billion takeover announced on Tuesday would make Charter the No. 2 U.S. Internet and cable company after Comcast Corp. Charter’s top shareholder John Malone, a cable industry pioneer, is on record as being a fan of streaming TV over the Internet.

And Tom Rutledge, who would run the combined Charter-Time Warner Cable, has now opened the door to establishing the cable industry’s first competitor to services like Netflix Inc and Hulu.

Charter-Time Warner Cable deal could spawn an online video

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ASIA: ‘ Asian shares drop, dollar at highest since 2002 versus yen ‘


TOKYO (Reuters) – An index of Asian shares fell on Thursday as the Chinese, Hong Kong and Australian markets slipped, while the dollar scaled its highest level against the yen since 2002 on expectations the U.S. Federal Reserve will raise rates this year.

Spreadbetters predicted European shares would tread water just below previous closes, as talks continued about Greece’s ongoing financial crisis. Britain’s FTSE 100 was seen opening between 2 and 5 points higher, Germany’s DAX was expected to open between 4 points lower and 10 points higher, and France’s CAC 40 was seen opening between 11 points lower and 13 points higher.

“With G7 talks underway, we could be lined up for another choppy session with little change amid swinging sentiment between a deal being stuck and bearish talk on Greece’s chances of averting disaster,” Farbod Mimeh, a junior dealer at Capital Spreads in London, said in a note to clients

Asian shares drop, dollar at highest since 2002 versus yen

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Article: This former Goldman Sachs partner is helping the startups that are killing banks right now


This former Goldman Sachs partner is helping the startups that are killing banks right now
http://www.businessinsider.com/former-goldman-sachs-partner-patrick-de-nonneville-invests-in-kantox-fx-platform-raise-11-million-series-a-2015-5

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Headlines: ‘ FCA to make decision on mis-selling redress by summer’s end ‘


LONDON (Reuters) – Britain’s financial regulator’s view on how complaints about mis-sold loan insurance are being handled and what action it plans to take will be announced by the end of the summer, it said on Wednesday.

The Financial Conduct Authority (FCA) said in January that it would collect evidence on whether consumers mis-sold payment protection insurance (PPI) were being compensated properly and use it to assess whether the current approach was working.

It said it would consider imposing a deadline on customers claiming compensation, potentially drawing a line under the country’s costliest consumer finance scandal.

The FCA said on Wednesday that it is considering whether additional rules or guidance about PPI compensation are required after the Supreme Court ruled in November that a failure by lender Paragon Personal Finance to disclose to a client a large commission payment on the sale of a PPI policy has made the relationship between lender and borrower unfair.

Banks have so far set aside more than 26 billion pounds to compensate customers mis-sold PPI policies.

The insurance policies were meant to protect borrowers in the event of sickness or unemployment but were often sold to those who would have been ineligible to claim.

(Reporting by Matt Scuffham; Editing by David Goodman)

FCA to make decision on mis-selling redress by summer’s

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AMAZON: ‘ Declaring Revenues in EU as well as Luxembourg as Anti-Trust probe into tax affairs continues ‘


Online retailer Amazon has announced it has opened national branches in certain European countries. Previously, all revenue was recorded in Luxembourg, prompting criticism from the European Union DW.E news reported.

Deutschland Wirtschaft Versandhandel Amazon Logistikzentrum in Pforzheim

An announcement from Amazon on Tuesday indicates it will be subject to local taxes in several European countries, rather than just within the borders of its current official European base of operations in low-tax Luxembourg.

Amazon said that it would set up revenue-filing offices in Britain, Germany, Spain and Italy – and that sales in those countries would be recorded for tax purposes rather than being recorded in Luxembourg, as had been predominantly the case until May 1, when Amazon said the new offices were opened.

The company said it was also working on setting up such an office in France.

#AceFinanceNews – BRUSSELS:Jan.17:The EU commission on Friday (16 January) published details of its ongoing anti-trust case into Luxembourg’s tax deal with the global retailer Amazon, a deal secured while commission chief Jean-Claude Juncker was Luxembourg PM.

The 23-page document details the reasons why the EU commission thinks the tax deal may amount to illegal state aid as well as the complex company structure allowing it to put most profits into a non-taxable entity.

It also contains a request for Luxembourg authorities to provide more information.

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