Tue Oct 7, 2014/Reuters EU state aid regulators opened an in-depth investigation on Tuesday into Amazon’s tax deals with Luxembourg, saying the arrangements could have underestimated the U.S. online retailer’s profits and given it an unfair advantage. The European Commission said Luxembourg’s 2003 tax ruling for Amazon’s local subsidiary Amazon […]
Capital Market
Amendments to SEC rules relating to trading in Securities of Unquoted Companies
October 07, 2014/SEC In order to ease the illiquidity around unquoted securities in Nigeria, the Securities and Exchange Commission [SEC] licensed the NASD to create an Over the counter market in 2013. As we launched operations, NASD and our regulator SEC became acutely aware of the opacity of the unlisted […]
BOJ Keeps Policy Unchanged With Yen Near Six-Year Low
The Bank of Japan maintained its record stimulus as the yen traded near a six-year low and economists pushed back forecasts for further monetary easing. The central bank kept its pledge to increase the monetary base at an annual pace of 60 trillion yen to 70 trillion yen ($643 billion), […]
