Treasury warns that taxing actual instead of unrealised superannuation gains could burden millions of Australians with steep costs, sparking a fierce debate over the fairness and financial consequences of the proposed tax reforms
Browsing: financial regulation
Argentine President Javier Milei has been completely exonerated of any misconduct related to his promotion of the LIBRA cryptocurrency, a recent report reveals. Authorities uncovered no evidence of wrongdoing, bringing the issue to a definitive close
Australia’s Afterpay reportedly encouraged some buy-now-pay-later users to shut down their accounts-only to soon offer them credit cards, Reuters reveals. This unexpected move has ignited new concerns about transparency and ethical lending practices in the BNPL industry
The EU has issued a strong warning to Spain’s government, urging them not to block BBVA’s ambitious bid to acquire Banco Sabadell. Highlighting the importance of fair competition and regulatory neutrality, Reuters reports this move could shape the future of Spain’s banking landscape
In a stunning move, Australian authorities have taken control of an opulent mansion along with a substantial stash of Bitcoin, all reportedly linked to a high-profile hack of a major cryptocurrency exchange. This bold operation highlights the relentless fight against cybercrime and the misuse of digital assets.
Experts are sounding the alarm about Argentina’s escalating dollar shortage, which could open the floodgates for illegal funds. As the nation wrestles with economic turmoil, authorities find themselves in a tough battle against money laundering and other illicit financial activities
A recent tax audit ruling against Italy highlights the urgent necessity for fairness in tax assessments. This landmark decision sheds light on potential weaknesses within the Italian tax system, sparking a wave of calls for reforms aimed at safeguarding taxpayer rights and enhancing transparency.
The International Monetary Fund has unveiled a detailed evaluation of the People’s Republic of China’s financial sector, shining a light on potential systemic risks and proposing vital reforms to enhance stability. These insights emphasize the importance of remaining alert in the face of economic uncertainties.
UK finance minister Rachel Reeves finds herself at the center of a significant investigation by Parliament’s standards commissioner, probing allegations of misconduct. This inquiry not only casts a shadow over her actions while in office but also intensifies the scrutiny surrounding her political journey.
Argentina’s lower house has approved a probe into the controversial Milei-$LIBRA crypto scandal. Lawmakers aim to investigate allegations surrounding the cryptocurrency’s connections to presidential candidate Javier Milei, stirring political tension.
Argentina has launched an official inquiry into the LIBRA memecoin scandal, raising concerns over potential fraud and investor protection. Authorities aim to clarify the cryptocurrency’s impact on the local economy and safeguard citizens’ interests.
The German Parliament is currently engaged in heated debates over proposed reforms to the country’s debt brake, a fiscal rule aimed at limiting government borrowing. As economic pressures mount, lawmakers are grappling with balancing fiscal responsibility and urgent public spending needs.
China is intensifying efforts to combat stock market misinformation fueled by artificial intelligence, as reported by state media. Authorities aim to regulate false news that disrupts market stability and protect investor interests amid rising digital manipulation.
The Chair of the UK’s Payment Systems Regulator has described the potential abolition of certain regulations as a “pragmatic next step.” This move aims to streamline payment processes and enhance innovation within the sector, signaling a shift towards modernized financial systems.
Argentina is reeling from a staggering $4.6 billion cryptocurrency theft, marking the largest crypto scandal in history. Investigations are underway as authorities work to uncover the masterminds behind this unprecedented heist, raising alarms about security in digital finance.
Italy’s financial markets regulator, CONSOB, has announced the blocking of an additional batch of illegal investment websites, bringing the total to 1,236. This clampdown aims to protect investors from fraudulent schemes proliferating online.
Italy is investigating Amazon for alleged tax evasion amounting to €1.2 billion. Authorities are examining the tech giant’s financial practices, focusing on claims that it avoided taxes through complex accounting methods. The probe highlights ongoing scrutiny of multinational corporations’ tax strategies.
Argentina’s president is under scrutiny as the recent collapse of a major cryptocurrency has triggered financial turmoil. Critics argue that government mismanagement and insufficient regulation contributed to the crisis, prompting calls for impeachment.