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finance | banking | taxes

Ncell backed by international tribunal in Nepal tax row
8-Jan-2020 Developing Telecoms
The ICSID has issued an interim order preventing Nepal’s government from collecting capital gains tax on Axiata’s acquisition of Ncell.
Ncell pays Rs 4.5 billion of its total CGT dues
2-Jan-2020 Himalayan Times
The ICSID had issued an interim order directing the government not to take any steps to enforce its decision to collect the outstanding capital gains tax.
Govt told not to collect CGT from Ncell
20-Dec-2019 Himalayan Times
A US-based international court issues interim order directing the Nepal government not to impose capital gains tax on Ncell buyout deal for the time being.
Upgrade the Australia-China FTA and share the prosperity of the Chinese fintech industry
11-Dec-2019 Australian Institute of International Affairs
Can the Australia-China trade deal facilitate Australian businesses and share the prosperity of Chinese FinTech industry? Answering this question requires looking into the chapters of investment, trade in services (especially financial service) and e-commerce.
Japan braces for US pressure on services in next trade talks
25-Oct-2019 Nikkei Asian Review
The Office of the US Trade Representative released late last year a summary of negotiating objectives spanning 22 areas, including telecommunications and financial services.
City of London representatives head to US to promote post-Brexit finance ties
8-Oct-2019 BT
Representatives from the City of London are to travel to the US in a bid to boost transatlantic ties for the finance sector post-Brexit.
International arbitration for Banco del Orinoco
7-Oct-2019 The Daily Herald
Bank of Orinoco has initiated an international arbitration against the Netherlands over alleged discriminatory and irrational measures by the government of Curaçao.
Kenya ties on the table
9-Aug-2019 Nation News
Barbados is looking to enter into a double taxation agreement and a bilateral investment treaty with Kenya.
Japan’s Aso opposes linking currency with trade in US talks
26-Apr-2019 Bloomberg
Japan’s Finance Minister Taro Aso pushed back against US efforts to link the yen with bilateral talks aimed at striking a trade deal.
Quantifying the policy space for regulating capital flows in trade and investment treaties
10-Apr-2019 The Intergovernmental Group of Twenty-Four
The international trade and investment treaty regime is increasingly restricting the policy space for regulating cross-border financial flows, study finds.
Building a mirage: The effectiveness of tax carve-out provisions in international investment agreements
7-Mar-2019 South Centre
The broad language in investment agreements has allowed investor-state dispute settlement tribunals to scrutinize tax measures adopted by States, and determine that such measures resulted in a breach of State’s obligations under the agreement.
The EU-Singapore investment protection agreement
11-Feb-2019 SOMO
An analysis of its impact on managing government bonds and capital flows.
MEPs take note: EU-Singapore deal could hinder fight against fraud and corruption.
11-Feb-2019 Stop ISDS
The most worrying thing about the EU-Singapore deal is not the risk that Singapore firms themselves pose, but the fact that the agreement looks set to be used as a model for reinvigorating ISDS.
There’s a hidden cost in Trump’s new trade agreement with Canada and Mexico
3-Jan-2019 Washington Post
Investment treaties with ISDS provisions make it hard to tax foreign firms and worsen human rights and labor practices.
MERCO-SCAM - How the EU-Mercosur Free Trade Agreement would encourage illicit financial flows
6-Dec-2018 GUE/NGL
New study looks into EU taxation, with the focus shifting onto the problems that could arise under a free trade agreement between the EU and the Mercosur.
New trade deals restrain governments on financial regulation
30-Oct-2018 Finance Watch
The new generation of trade agreements currently being negotiated by the EU endangers financial regulation. Worse, they rein in the capacity of states to regulate in the future.
US to seek currency chapters in trade talks with Japan, others: Mnuchin
14-Oct-2018 Reuters
US Treasury Secretary Steven Mnuchin says that Washington wants to include a provision to deter currency manipulation in future trade deals, including with Japan, based on the currency chapter in the new deal to revamp NAFTA.
Financial regulation challenged by European trade policy
2-Oct-2018 Financial Watch
Trade agreements currently being negotiated or already approved introduce numerous restrictions over the right of states to regulate, especially in the field of financial regulation, and limits their capacity to react to ensure financial stability.
Spain sued over Popular resolution
28-Aug-2018 IFR
Mexican billionaire Antonio del Valle has launched actions against the Spanish government for its role in the process of putting Banco Popular into resolution and subsequent sale for €1 to Santander.
Dar faces legal suit at international tribunals over tax, investment policies
30-Jul-2018 East African
Civil society organisations are pushing for a review of the BIT between Tanzania and The Netherlands which they say does not serve the best interests of Tanzania.