International

Wednesday, February 26th 2014 - 06:50 UTC
How much does the taxman take, according to PWC and OECD?

Tax rates do vary dramatically depending on which country you live in. The accountancy firm PricewaterhouseCoopers (PWC) has crunched the numbers for the G20 nations. For each country, they calculated how much a high earner on a salary of $400,000 (£240,000) in 2013, with a mortgage of $1.2m (£750,000), would have left after all income tax rates and social security contributions.
Tuesday, February 25th 2014 - 21:00 UTC
Brazilian Federal police on two-day strike for better wages and working conditions

Brazil's federal police started on Tuesday a two-day work stoppage to demand better wages and improved security for the World Cup.
Tuesday, February 25th 2014 - 20:51 UTC
Qatar, host of 2022 World Cup described as 'a slave state' by ITUC which calls on FIFA to act

FIFA recognized the terrible conditions for migrant workers in Qatar, host of the 2022 World Cup, at a European Parliament hearing but fell short of calling for an end to the kafala visa system which enslaves people working in the country.
Tuesday, February 25th 2014 - 20:43 UTC
Repsol board approves the YPF compensation deal worked out with Argentina

Spanish oil major Repsol's board approved on Tuesday in Madrid a definitive 5 billion dollars settlement from Argentina over assets seized in 2012, drawing a line under a two-year battle for compensation.
Tuesday, February 25th 2014 - 17:29 UTC
Gibraltar moved from Group to avoid playing Spain at qualifier for UEFA EURO 2016

Gibraltar will play against the might of Germany, Scotland, Poland, the Republic of Ireland and Georgia in Group D of the qualifying rounds in the Euro 2016 football championships. Gibraltar’s first match is a home-fixture on 7 September against Poland.
Tuesday, February 25th 2014 - 07:22 UTC
Gibraltar expands network of agreements for exchange of tax information

Gibraltar lawmakers unanimously approved new legislation that will dramatically expand Gibraltar’s network of agreements for the exchange of tax information. The legislation implements OECD’s Convention on Mutual Administrative Assistance in Tax Matters in Gibraltar ahead of the March 1 deadline.
Tuesday, February 25th 2014 - 04:59 UTC
HMS Richmond back in Portsmouth with a special honor received in Falklands

HMS Richmond is back in Portsmouth at the end of her South Atlantic patrolling that saw her spend 2,881 hours at sea covering 33,316 nautical miles, visiting seven foreign countries (Portugal, Cape Verde, South Africa, Panama, Colombia, Bahamas and the United States of America) and five British Overseas Territories (Ascension Island, St Helena, Falkland Islands, Tristan da Cunha and South Georgia).
Tuesday, February 25th 2014 - 04:36 UTC
Mexican billionaire Slim and Protto group, to become main shareholders of New York Times

Mexican magnate Carlos Slim and the Italian group Proto will be the principal shareholders of the US daily The New York Times (NYT), said sources at the Proto Organization. This is because Slim plans to exercise at the end of this year warrants he received when he made a major loan to the newspaper company, according to a report in Bloomberg.
Tuesday, February 25th 2014 - 04:19 UTC
Barca pays 13.5m Euros on the contract of Neymar after charges of tax-fraud

Barcelona have made a payment of 13.5 million Euros ($18.53 million) to the Spanish treasury, after they were charged last week with tax fraud in the signing of Brazil forward Neymar.
Tuesday, February 25th 2014 - 04:13 UTC
Pope overhauls Vatican finances and names Secretariat for the Economy

Pope Francis has taken his boldest step yet to overhaul the Vatican's scandal-plagued finances, creating a new department with broad powers to oversee all of its economic and administrative affairs, the Vatican announced on Monday. The Secretariat for the Economy will answer directly to the pope and will be headed by Australian Cardinal George Pell, currently the archbishop of Sydney.