Posts Tagged ‘banks’

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THE Jamaica Banker’s Association (JBA) says Government’s proposal to impose a tax on withdrawals from deposit-taking institutions and encashments from securities dealers may discourage some individuals and businesses from utilising the formal banking system.

Bulgaria’s ruling socialist party will fulfill all election promises except for the ones concerning the flat tax and the deposit interest tax, according to BSP MP Kornelia Ninova.

Five banks – Banco de Poupança e Crédito, Banco Angolano de Investimentos, Banco Espírito Santo Angola, Banco de Fomento Angola and BIC – had 78 percent of banking sector assets in their control in 2012, according to a study by the KPMG consultancy published Wednesday in Luanda.

Frey & Co has become the second private Swiss bank to close shop because of the ongoing US campaign against wealthy Americans suspected of using the European country’s famously secretive banking system to skirt domestic tax laws.

Liechtenstein’s oldest bank revealed on Thursday the damage to profits from a deal to pay millions of dollars to settle a dispute over its alleged role in helping clients dodge US taxes.

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