Search Results for: apple pay

OECD’s new tax proposals won’t stop companies shifting profits to tax havens

From The Conversation. The news has been full of stories about how companies such as Amazon, Apple, Google, Microsoft, Starbucks and others are able to shift their profits to low or no-tax jurisdictions by using novel, legally permitted corporate structures and complex internal transactions (known as transfer pricing schemes). Companies are able to do so … Continue reading “OECD’s new tax proposals won’t stop companies shifting profits to tax havens”

Digital Darwinism and the financial industry

In a speech entitled Digital Darwinism and the financial industry – a supervisor’s perception, Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, says in the context of digital disruption, there is an “open end” to the evolution of the digital financial sector and if banks don’t think “digitally”, they’re going to … Continue reading “Digital Darwinism and the financial industry”

Labor 2.0: why we shouldn’t fear the ‘sharing economy’ and the reinvention of work

From The Conversation. Uber suffered a legal blow this week when a California judge granted class action status to a lawsuit claiming the car-hailing service treats its drivers like employees, without providing the necessary benefits. Up to 160,000 Uber chauffeurs are now eligible to join the case of three drivers demanding the company pay for … Continue reading “Labor 2.0: why we shouldn’t fear the ‘sharing economy’ and the reinvention of work”

What does digitalisation mean for Germany’s banking sector?

An interesting speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at the Bundesbank symposium on “Banking supervision in dialogue”, Frankfurt am Main, 8 July 2015.   He concludes that everyone involved can benefit from digitalisation, but none more so than private customers in the short term. New technology and stronger … Continue reading “What does digitalisation mean for Germany’s banking sector?”

Five misconceptions about the Greek debt crisis

From The Conversation. It is widely accepted that the Greek bailout and austerity package has led to wealth flowing from Greece to its European creditors, benefiting foreign banks at the expense of Greeks, that its debt is unprecedented and unsustainable, that its recession is the unprecedented result of reforms that cannot succeed, and that Greece’s … Continue reading “Five misconceptions about the Greek debt crisis”

The Rise of FinTech

The Keynote address by Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore, at the Global Technology Law Conference 2015, Singapore, 29 June 2015 provides an great summary of the rise of FinTech. Technology is changing the way we live, work, and play. A sector where I believe technology is going to be … Continue reading “The Rise of FinTech”

Amazon shows Google tax can work, despite arguments against it

From the Conversation. In late May, Amazon announced it had started to pay tax on its sales in the UK rather than in Luxembourg. This came about after Amazon restructured its tax structure in Europe in response, at least in part, to the UK’s diverted profits tax (commonly known as the Google Tax) that came … Continue reading “Amazon shows Google tax can work, despite arguments against it”

Rogue Bankers Join the Welfare Cheats on Osborne Hit List

From The Conversation. Cracking down on bad behaviour. EPA/Andy Rain “The age of irresponsibility is over” declared the governor of the Bank of England at the annual Mansion House dinner to the great and the good of the financial world. Along with the chancellor of the exchequer, George Osborne, Mark Carney unveiled a host of … Continue reading “Rogue Bankers Join the Welfare Cheats on Osborne Hit List”

Post Crisis Reform – APRA

APRA’s Wayne Byres, spoke in Singapore  “The post-crisis reform agenda – a stocktake“. He discusses progress in Prudential Regulation, across banking, too-big-to-fail, shadow banking and derivatives; and also calls out areas for future attention, including the regulation of financial firms, and the broader issues of culture and behaviourial change within financial service players. The international … Continue reading “Post Crisis Reform – APRA”

Is Europe’s Google Antitrust Probe a ‘War’ Against US Tech?

Published in the The US edition of The Conversation. Last month, the European Commission (EC) filed a formal antitrust complaint against Google for abusing its dominant market position in internet search. This complaint alleged that Google had manipulated search results by favoring its own shopping services over rival or unpaid services. Marking the first European … Continue reading “Is Europe’s Google Antitrust Probe a ‘War’ Against US Tech?”