Illustration: Rahul Awasthi India’s competition watchdog has approved the merger of online pharmacy Medlife with larger rival PharmEasy, the first major consolidation play in the sector that has recently seen the entry of deep-pocketed players like Reliance Industries and Amazon. The deal will see API Holdings, the parent entity of PharmEasy, acquire 100% equity shares […]
Archives for September 2020
Delhi HC stays tax assessment proceedings against Tiger Global on Flipkart-Walmart deal
The Delhi High Court granted a stay against initiation of assessment proceedings by tax authorities into sale of Tiger Global’s 17% stake in Flipkart to Walmart for Rs 14,500 crore in 2018. Tiger Global had claimed nil witholding tax on capital gains from the exit, which was rejected by the Authority of Advance Rulings (AAR). […]
Google Cloud Buckets Exposed in Rampant Misconfiguration
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How Tracking Aging of Accounts Receivable Can Help Your Business
If you offer credit to customers at your small business, you have accounts receivable (AR). Sometimes customers pay on time, while other times they do not. Aging of accounts receivable comes into play when a customer has a past due invoice. Keep reading to learn all about aging of AR and how it can help […]
#FASuccess Ep 195: Own Your Future By Continuously Reinvesting In Yourself To Build The Advisory Career You Want
Executive Summary Welcome back to the 195th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Echo Huang. Echo is the founder of Echo Wealth Management, an independent RIA based in Minneapolis that oversees nearly $120 million of assets under management for 76 client households. What’s unique about Echo, though, is the […]
Financial Planners can use new platform to fund growth
Regionally, the new SME investment venture chaired by 7IM founder Justin Urquhart Stewart, says Financial Planning firms could be the recipients of new investment via its platform. In an exclusive interview, Mr Urquhart Stewart told Financial Planning Today that Financial Planning and wealth management firms could be among the firms that might receive new investment […]
Cyber security incidents in India tripled to 3.5 lakh in July, August from Jan-March: Sanjay Dhotre
India saw over 3.5 lakh cyber security incidents in the month of July and August, triple the number of incidents that it saw in the first three months of 2020, the Union Minister of state for electronics and information technology Sanjay Dhotre said in the Lok Sabha on Monday. Dhotre, responding to a question from […]
Tax-News.com: EU Expecting COVID-19 Dent In 2020 VAT Collections
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018.
Tax-News.com: Cyprus, US To Begin Exchanging CbC Reports
Cyprus has announced that a deal for the exchange of country-by-country reports between the territory and the US is expected to become effective and cover reporting years starting on or after January 1, 2020.
Tax-News.com: UK To Collect Interest On Overdue Digital Services Tax
The UK Government on September 16, 2020, tabled The Taxes (Interest Rate) (Amendment No. 2) Regulations 2020, which will enable HM Revenue and Customs to collect or pay interest on overpaid or underpaid digital services tax liabilities.