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Interview |
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Géraldine Schmit, FIDEOS partner 
Focus on Israël
"The International Monetary Fund forecasts for Israel see economic growth nearly doubling to 4% next year as exports, consumption and domestic credit…Read more... Erwan Loquet, Partner Tax chez Deloitte 
Impact de la TVA sur les projets d'outsourcing
La crise financière a amené les entreprises à reconsidérer leurs
modèles, et à…Read more... |
Figure of the week |
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60 
" Luxembourg has ratified sixty double tax treaties so far; four with African states, five with states of the American continent, twenty with Asian states and thirty-one with European countries. In 2009 and 2010 alone, Luxembourg…Read more... |
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News | China moves to regulate non-bank online payment providers |
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| Posted by Cfo World News | |
| jeudi, 24 juin 2010 | |
 The People's Bank of China (PBoC) is set to take over supervision of non-financial institution payment service providers, creating a regulatory framework for the fast-growing market. Under the new rules, providers will need to apply to the PBoC for a licence within a year of their introduction in September. Providers will be required to hand over transaction records and report commission rates to the central bank. The move is designed to improve oversight of the rapidly expanding online payments market - estimated to be worth $81 billion last year - giving non-banks a legal basis for their services. However, according to the Financial Times, the central bank has excluded companies with foreign capital, affecting not only PayPal but also Alipay because its owner Alibaba counts Yahoo! and Japan's Softbank among its major shareholders. ... (full story) |
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