CIBC World Markets reported that legalizing marijuana in Canada could rake up an annual tax income of Can$5 billion (US$3.6 billion). Based on the experience of Colorado, legalizing marijuana could be a $10 billion industry in the nation.
The European Commission proposed new guidelines to stop large companies from avoiding tax in EU countries, like what happened to Google and UK’s HMRC.
As the Big Four accountancy firm – consisting of KPMG, EY, PwC and Deloitte – are expanding worldwide, The Law Society warns that traditional law firms will be overlooked in favour of these accountancy firms.
Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) presented on Thursday details on how to repay its $6 billion debt to its creditors. This will solve a financial dispute that Middle-East has been battling for a long time.
