finance | banking | taxes


Vietnam to lose $77 million of tax revenue each year due to free trade pacts
The government has estimated that it will lose around US$77 million of tax revenue annually between 2016 and 2025, when new free trade agreements take effect and eliminate a majority of import duties.
'Putin's banker' Pugachev files $12 billion claim against Russia
Sergei Pugachev, a tycoon once dubbed "Putin's banker", said on Tuesday that he had filed a $12 billion compensation claim against Russia
Cairn Energy set to go to ICJ against India
Cairn Energy is set to approach the International Court of Justice (ICJ), asking it to appoint an arbitrator on behalf of the Indian government in its $1.6 bn...
Will China’s currency devaluation complicate the Trans-Pacific Partnership?
China’s recent currency devaluation has sparked a debate over the inclusion of currency manipulation controls in global trade agreements.
WikiLeaks publishes four more TiSA documents
On 2 July, WikiLeaks publshed four more chapters from the secret ongoing TiSA (Trade in Services Agremeent) negotiations, ahead of the next negotiating round on Monday: Electronic Commerce, Telecommunications Services, Financial Services and Maritime Transport Services.
TiSA - draft annex on financial services (April 2015)
Leaked by Wikileaks
TiSA - draft annex on financial services (April 2014)
Leaked by Wikileaks
TiSA - draft annex on financial services (February 2015)
Leaked by Wikileaks
Sitharaman-EU trade commissioner meeting next week on FTA
India Commerce Minister Nirmala Sitharaman will meet her EU counterpart Cecila Malmstrom next week to take stock of the proposed FTA at political level, an EU envoy said, stating that taxation will not be part of the trade deal's coverage.
Canada just threw a grenade into Elizabeth Warren's trade fight with Obama
Last week, Canadian Finance Minister Joe Oliver gave a speech in New York arguing that the Volcker Rule -- a key tenet of the US' 2010 banking law -- violates the North American Free Trade Agreement. This underscores Senator Warren's warning that such deals, including the Trans-Pacific Partnership that Obama is currently negotiating, jeopardize financial reform.