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In boost to reform, Saudi Arabia's cabinet approves bankruptcy law
DUBAI/KHOBAR, Saudi Arabia: Saudi Arabia's cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors
US law firm ensnared in NSA surveillance
NEW YORK: An unnamed US law firm was caught up in the global surveillance of the National Security Agency (NSA) and its overseas partners in Australia, according to a newspaper report on Saturday.
Thai shares fall after martial law, Jakarta lower
REUTERS: Thai shares fell on Tuesday after the army declared martial law to restore order following six months of anti-government protests, while Indonesian stocks declined on uncertainty over the outcome of the presidential election in July.
Greece passes reform law to unlock more EU/IMF rescue loans
ATHENS: Greek lawmakers on Sunday approved a reform law to unlock about 8.8 billion euros ($8.9 billion) of rescue loans from the European Union and the International Monetary Fund.
UK lawmakers want vigorous investigation to see if Google was acting within tax law
LONDON: British lawmakers described Google's tax affairs as "contrived" in a report released on Thursday and called on the UK tax authority to vigorously investigate whether the company was acting within the law.
Obama signs US financial overhaul into law
WASHINGTON: A triumphant Barack Obama signed into law on Wednesday the most sweeping overhaul of lending and high-finance rules since the Great Depression.
Quirks in tax law
WHEN Bumble in Charles Dickens' i>Oliver Twist/iremarked 'the law is an ass', little did he realise that those of us who to this day are confronted by unusual and unexpected nuances in the law, will meekly submit to it with no more than an expression of those same sentiments. This is true of all laws including tax law.
Competition law is already part of compliance activities of every business in M'sia
IN the last CompEtition Opinion (StarBiz, March 11), the Malaysia Competition Commission (MyCC) expressed concern about the number of Malaysian businesses that were either not aware of the Competition Act 2010 (CA 2010) or were still not complying with its terms, even though it had been in force since Jan 1, 2012.
China to launch cybersecurity law despite concerns
Beijing: China will implement a controversial cybersecurity law on Thursday despite concerns from foreign firms worried about its impact on their ability to do business in the world’s second largest economy.
Goldman warns of US$5bil earnings hit from US tax law
NEW YORK: Goldman Sachs Group Inc said on Friday it would take a $5 billion earnings hit in the fourth quarter for the new U.S. tax law, becoming the first major U.S. bank to detail the law's one-time impact on corporate profits held overseas.
