Uber makes no secret of its ambitions to replace human drivers, testing autonomous cars in a highly public manner. But for the moment, and even for the next decade, the ride-hailing company remains reliant on an army of contractors. “We’ve underinvested in the driver experience," an Uber official said on a press call in March, "and relationships with many drivers are frayed. We are now re-examining everything we do in order to rebuild that love."
India has approached Switzerland for banking details of at least ten persons and entities suspected to have kept untaxed money in Swiss banks. These include two listed textile companies, while others are associated with an art curator and his carpet export business. There are also some companies incorporated in tax havens like Panama and British Virgin Islands. Most of the companies and individuals are associated with a carpet export business and an art curator with operations across several countries.
Credit Suisse extended its global charm offensive on Monday insisting it has "zero tolerance" for tax evasion after hundreds of its clients and top employees became the target of an international fraud probe. The Zurich-based bank took out multiple adverts in British newspapers over the weekend as part of a damage-limitation effort after law enforcement agencies descended on three of its European offices Friday in a coordinated raid related to a tax evasion and money laundering probe. "Credit Suisse applies a strict zero tolerance policy and wishes to conduct business with clients that have paid their taxes and fully declared their assets," Monday's ad said. The bank complies "with all applicable laws" in areas where it operates, it added.
Talks on the post-Brexit relationship between Switzerland and the UK are underway, according to the Swiss Federal Council. On March 31, Swiss Federal Councillor Johann N Schneider-Ammann met the UK's Trade Secretary Liam Fox for a working meeting on Swiss-UK relations after the UK leaves the EU. As part of the Federal Council's "Mind the Gap" strategy, it will seek to reach a post-Brexit follow-up agreement with the UK as swiftly as possible. According to the Council, Fox said this was in the UK's interests and that reaching such an arrangement with Switzerland is a priority. Schneider-Ammann and Fox agreed to meet on a regular basis.
Foreign nationals temporarily admitted in Switzerland, F permit holders, will no longer receive social assistance in the Canton of Zurich in the next future, but will only have the aid in favour of asylum seekers. The Cantonal Parliament today adopted a revision of te law, fought by the Left parties. The City of Zurich assesses the possibility of a referendum. With this decision, the Zurich parliament re-establishes the situation in force until 2011. In this way the people whose asylum application has been rejected but who are temporarily admitted to Switzerland because they can not come back home, due to the dangerous situation in their country or other reasons, will not be officially considered as recognized refugees.
Wieland Arlt places great emphasis on three criteria in his trading setups: a high probability of entry, a long distance to the targeted goal, and a clear message when the market is different. How these criteria can be combined in one strategy, please read below. With his three criteria for a good strategy, Wieland Arlt sets the bar high for the selection of his trades. Let us look more closely at the three criteria: a high probability of occurrence is the basis for successful trading. That proper potential to the goal is desired, should be a matter of course for all traders and needs no further explanation. The desire for a clear message of the market makes sense since traders have to decide again and again whether they should open or close a position. A clear message makes decision-making easier and helps to reduce misinterpretation. With the expander strategy, Wieland Arlt depicts these three criteria in his trading. The basic idea is to identify situations in which the movement dynamics of a market already have a certain maturity and is not only flattened, but is transformed into a correction. The expander serves as a symbol for this, which can only be stretched to a certain extent before it springs back. The expander strategy is intended to identify market situations where the price is just at the point of the spring-back. An entry is made when the price begins to correct the previous movement and has already taken the first steps. The expander strategy can be applied not only as an anticyclic countertrend strategy, but also as a procyclical trend-following strategy.
Credit Suisse, surprised by a five-country tax evasion and money laundering investigation, said it has a “zero tolerance policy” on tax evasion in advertisements taken out in the Sunday Times, Sunday Telegraph and Observer, U.K. newspapers on Sunday. The Swiss bank’s two-page ads, which included seven bullet points in response to the probes disclosed last week, also said a 2011 internal compliance review caused it to terminate relationships with clients who didn’t prove they paid their taxes. “This led to very significant asset outflows as we do not want to do business with clients who are unwilling to provide the required evidence,” said the ads. “Credit Suisse applies a strict zero tolerance policy on tax evasion.”
The two big banks are yet again trading neck to neck. Indeed, both their share prices have been oscillating slightly below the CHF 16 mark for more than two months (between 15 and 16 for UBS and 14 and 16 for Crédit Suisse). Crédit Suisse lags a bit following the sharp fall it saw in early 2016, yet its higher beta of 1.57 (1.07 for UBS) has enabled it to catch up most of this underperformance. We expect more ring-fencing between the two over the next few months.
Australia has identified more than 340 individuals with links to Swiss banking relationship managers alleged to have actively promoted and facilitated tax evasion schemes, a federal minister said on Friday. The Serious Financial Crime Taskforce said the joint investigation had identified 346 nationals with links to Swiss banking relationship managers alleged to have promoted and facilitated tax evasion schemes.
Startups need to build a growth plan and exit path early in their life cycle to unlock the value cre
Molti investitori istituzionali stanno iniziando a prendere sempre più in considerazione anche le m
The Responsible Finance Institute (RFI) Foundation and the Swiss Arab Network organize the RFI Summi
FinLantern is glad to invite you to a “Sustainable Apero”
Presentazione di una piattaforma omnicanale per aziende con centralini, call center o contact center
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