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,…
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…
Klaus Vedfelt Thesis As I mentioned previously, the odds between the Bull and Bear case for Newell Brands (NASDAQ:NWL) is 50/50, and the share price action since February seems to indicate that the bear case is right (catching a falling knife). From a purely objective standpoint, I believe 1Q23 results vindicated the bear case. The…
May 30, 2023 Gibson, Dunn & Crutcher LLP is pleased to announce that Joseph Zujkowski has joined the firms New York office as a partner, where he will continue his business restructuring and reorganization practice. We are excited to welcome Joe to Gibson Dunn, said Mylan Denerstein, Co-Partner-in-Charge of the firms New York office. Joe…
HUDSON, Ohio, May 30, 2023 /PRNewswire/ — Diebold Nixdorf, Incorporated (the “Company”) (NYSE:DBD) today announced it has entered into a restructuring support agreement with certain of its key financial stakeholders to effectuate a comprehensive debt restructuring transaction that is intended to be completed efficiently and quickly. The restructuring is expected to significantly reduce debt and leverage…
Global law firm Clyde & Co has today announced the team hire of 13 corporate lawyers, including Nora Al Muhamad, Darren Harris, and Alan Wood as partners in its global Corporate & Advisory practice. They are joined by a team of legal directors, senior associates, associates, and trainees. The team hire represents one of the…
As part of the Company’s corporate restructuring plan, Mr. Yaki Baranes will facilitate identifying new business opportunitiesTEL AVIV, Israel, May 30, 2023 (GLOBE NEWSWIRE) — SciSparc Ltd. (Nasdaq: SPRC) (Company or SciSparc), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders of the central nervous system, today announced that as…
HUDSON, Ohio, May 30, 2023/PRNewswire/ — Diebold Nixdorf, Incorporated (the “Company”) (NYSE:DBD) today announced it has entered into a restructuring support agreement with certain of its key financial stakeholders to effectuate a comprehensive debt restructuring transaction that is intended to be completed efficiently and quickly. The restructuring is expected to significantly reduce debt and leverage levels…
The Notice on Standardising the Classification of Trust Business of Trust Companies, issued by the China Banking and Insurance Regulatory Commission (CBIRC), classifies trust business into three categories with a total of 25 business varieties, and clearly defines the risk disposal service of trust business as a special business category. This article describes the application…