May 31, 2023 by Michael Maharrey 0 0 Despite all of the mainstream talk about a strong, resilient economy, corporate bankruptcies through the first four months of 2023 came in at the highest level since 2010. Meanwhile, monthly bankruptcy filings have hit numbers last seen during the peak of the pandemic. According to data from S&P Global Market…
Two dioceses in the state of California have declared bankruptcy following an influx of claims filed against the Catholic church for alleged childhood sexual abuse. Over 3,000 cases have been filed after a state law allowed alleged victims to take legal action up to the age of 40. The 2019 legislation temporarily lifts the statute…
William Brandt Jr., a pioneer in the corporate restructuring business, a Democratic activist and fundraiser close to Bill Clinton and a former chair of the Illinois Finance Authority, developed a passion for politics and public policy while a student at Fenwick High School. When future Illinois governor Pat Quinn was a freshman at the Oak…
ABU DHABI – The Ministry of Finance (MoF) has issued three new Ministerial Decisions for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. These include Ministerial Decision No. 132 of 2023 on Transfers within a Qualifying Group, Ministerial Decision No. 133 of 2023 on Business Restructuring Relief,…
Chris Ferguson Businesses from across the region could still be impacted by a number of recent economic headwinds, including rising interest rates, according to the North East chair of insolvency and restructuring trade body R3, despite a drop in the number of insolvency related activities. The latest Insolvency Service statistics unveiled a month-on-month drop of…
VIC Premier The Victorian Government has appointed Judge Ted Woodward to the Supreme Court of Victoria, commencing 5 June 2023. Judge Woodward will also serve as President of the Victorian Civil and Administrative Tribunal (VCAT), with his five year term to start from 1 July 2023. He was appointed as a Judge of the County…
Clarifying conditions for carrying out business restructuring without causing corporate tax liabilities. Streamlining the process of calculating taxable income for UAE businesses. Abu Dhabi, UAE: The UAE Ministry of Finance has issued three new Ministerial Decisions for the purposes of Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses. These include…
By Elinor Kasapidis The ATO is maintaining its focus on workrelated expenses and rental property deductions this year. Cryptocurrency and private use of business assets are also mentioned regularly. With a revised fixed rate of 67 cents per hour for working from home (WFH) expenses from 2022-2023, the ATO is expected to check that taxpayers are…
May 31, 2023 Full house: Kyabram Plaza Theatre was full when Banksia Securities investors turned out in force a decade ago to be updated on the failed financial group. Photo by Neil Saunders Eleven years after the collapse of the Banksia Financial Group receivers acting on behalf of investors in the failed Kyabram company are…