HSBC’s Swiss private bank will pay upwards of US$192 million in fines after admitting to the United States Department of Justice that it conspired with U.S. taxpayers to avoid taxes.
9
A sample of 100 companies analysed by the IASB identified nine different definitions of operating profits, which has made it problematic for investors and analysts to conduct company performance comparisons.
US$2.4 BILLION
The United States’ government threatened to tax US$2.4 billion worth of French goods in response to a digital services tax imposed by France that would affect large U.S. tech companies.
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