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Why this weird Indian tax rule is scaring fund managers across the globe
By Henry Jamieson From Seeking Alpha Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Summary Summary 20% tax on book profits. Potential to apply to the…
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FIFA scandal victims? Small clubs, youth teams say they need money that was diverted
By Stephen Wade From Hamilton Spectator RIO DE JANEIRO — The accused in the FIFA scandal are easy to spot: globe-trotting executives charged with diverting millions meant to build the game to their personal accounts. Those who feel victimized aren’t…
Ex-IGP: Cops must probe 2009 dealings of 1MDB
From The Star Online PETALING JAYA: Former IGP Tan Sri Rahim Noor has urged the police’s commercial crime division to start investigations on the 1MDB dealings of September 2009 as these seem questionable. He said 1MDB had signed a joint…
UK FATCA – Alternative reporting regime for UK resident non-domiciled individuals
By Kate Taft from Harneys The British Virgin Islands and the Cayman Islands have entered into agreements with the UK for automatic disclosure of information in respect of interests in financial accounts held by UK residents. Most UK residents are…
Cayman Islands college launches online learning iniative
(GRAND CAYMAN, CAYMAN ISLANDS) – The International College of the Cayman Islands is launching a new online learning initiative to respond to the evolving needs of today’s students and working professionals. The initial classes will begin in July for students…
Chanderpaul sacking distressing, says Guyana sports minister
From Caribbean News Now GEORGETOWN, Guyana (GINA) — Guyana’s minister of education with responsibility for sport, Dr Rupert Roopnaraine, has described the ‘sacking’ of veteran Guyanese batsmen Shivnarine Chanderpaul from the West Indies cricket squad as ‘distressing’. “The manner of…
Life in prison for mastermind of ‘Silk Road’ website
By Mark Hamblett, From New York Law Journal Ross Ulbricht was sent to prison for life Friday for running a dark channel website with a thriving narcotics trade using the virtual currency bitcoin. Southern District Judge Katherine Forrest dismissed Ulbricht’s…
The people who keep us safe from hackers fear new regulations could put them in jail
By Julie Bort From Business Insider A firestorm has erupted in the computer security community represented by the twitter hashtag #wassenaar. That hashtag refers to the international arms treaty known as the Wassenaar Arrangement, named for the European town where…
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Fifa’s Sepp Blatter victim of conspiracy, daughter says
From BBC Sepp Blatter’s legacy now depends on healing a divided sport, Richard Conway Fifa president Sepp Blatter is the victim of a conspiracy from “behind the scenes”, his daughter has told the BBC amid the corruption crisis gripping world…
Cops track down parents of boy buried in kitchen
By Nicholas Cheng GOMBAK: The parents who allegedly buried their son under the kitchen floor of their vacated house have been arrested. Investigations led police to track down the 33-year-old father in Keningau, Sabah, at about 6.30pm Saturday. After picking…
