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Mirae Asset’s $43bn subsidiary names Ryan O’Connor as chief executive
...In a sign of faltering hope, Canada last year moved ahead with its own digital services tax....
...BDO last year took an alternative approach, opting to convert to an employee-owned corporation, funded by private debt....
...She said economic growth was essential for raising living standards and funding strong public services. Read more here....
...It follows a broader trend in professional services....
...It was cited by BDO USA’s switch from a partnership to a corporation. This was followed by $1.3bn in debt financing from Apollo Global Management to fund purchases of shares by a new employee trust....
...Miles Celic, chief executive of financial services lobby group The CityUK, welcomed the announcements....
...A poll for YouGov found that only one in four respondents favoured prioritising tax cuts over funding public services....
...Over the past 16 years, big buyout groups such as Blackstone, KKR, Apollo and TPG have transformed from clubby partnerships into publicly traded corporations with large public market valuations....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...The proposals come after sharp cuts in funding to the BBC’s local radio services last year, which were met with alarm by MPs over fears that the corporation was failing to serve local communities around...
...But the cost of sports rights has been rising as tech companies such as Apple and Amazon have started to bid for some games for their streaming services....
...More than 40 companies are trying to develop these fusion technologies, with several — including CFS and Tokamak Energy — aiming to complete demonstration plants capable of generating electricity in the...
...In the wake of three of the largest bank failures in US history a year ago, the US Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are all pushing...
...The Internal Revenue Service said on Wednesday that it was preparing “dozens” of audits of large corporations, partnerships and high-income taxpayers to see if their use of jets had been properly designated...
...PDT, owned by Canadian asset manager Brookfield, had accused the corporation of seeking to reduce the value of its business through the action, a claim the STDC denied....
...The high-profile barrister led the prosecution service during one of its most difficult eras, marked by the UK’s departure from the EU and the Covid-19 pandemic....
...Without confident and unimpeachable news output, the corporation itself has little reason to exist....
...That was one contingency discussed last week when ICBC Financial Services — the financial services arm of the Industrial and Commercial Bank of China — was hit by ransomware software, which prevented it...
...Service....
...the initiative, estimates it will increase global annual corporate tax revenues by up to $220bn, or 9 per cent — vital extra proceeds for governments struggling to fund ever-expanding needs from public services...
...State-owned Comac was established jointly with companies including Shanghai-listed Aluminum Corporation of China, China Baowu Steel Group and Sinochem Corporation....
...With more news delivered online, the remit of regulator Ofcom will be extended to parts of the organisation’s digital services, including the BBC News website....
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