United Kingdom: Banking On Customer-Centricity - Deloitte
Financial services is an industry that is not often perceived to put the customer at the heart of business models.
Found 1 month ago on channel Mondaq
U.S. service sector grows, Europe more optimistic
NEW YORK - The vast U.S. services sector expanded against last month, extending a three-year run of growth, while European business optimism hit an eight-month high, suggesting the euro zone economy was starting to recover.
Found more than 1 month ago on channel Reuters
United Kingdom: Financial Services And Markets Group Bulletin – Winter 2012/13 - Smith & Williamson
A review of financial regulations and tax issues for FSA-regulated businesses.
Found more than 1 month ago on channel Mondaq
In Major Victory, Google Dodges Federal Antitrust Lawsuit with FTC Deal
Internet search giant Google has agreed to make voluntary changes to its search business in order to avoid a major federal antitrust lawsuit after a nearly two-year government investigation. The agreement, which was expected, wraps up the Federal Trade Commission’s probe into whether Google has used its search market power to unfairly harm rivals. “The conclusion is clear,” David Drummond, Google’s senior vice president and chief legal officer, said in a blog post. “Google’s services are good for users and good for competition.” A group of Google’s competitors, including Microsoft and Yelp, had been lobbying the government for several years in an effort to prod federal officials to go after the search giant on antitrust grounds. Google dominates the Web search space, with about 70% market share. Google’s agreement with the feds, which was announced Thursday, is a significant blow to its rivals, some of which were hoping the federal government would file a high-profile ...
How U.S. Firms like Google and Amazon Minimize Their European Taxes
Britain is a huge market for Amazon, the U.S. online retailing giant, accounting for as much as 25% of its total sales outside the United States, or more than $5 billion annually. The company also employs about 15,000 staff in the U.K. But it paid less than $3 million in tax to the British Inland Revenue last year. How so? Because Amazon’s main European operations are incorporated in the Grand Duchy of Luxembourg, a speck on the European map which, like Britain, is a member of the European Union – but which for years has done a roaring business by offering foreign companies extremely low tax rates. By being based there, Amazon reports only about $330 million in revenue in the U.K. – compared with almost $12 billion in Luxembourg, where its taxes came to just $10.7 million. That’s a rate of just 0.009%. Amazon can do this because its U.K. arm is registered as a service company for the Luxembourg holding company, Amazon EU SARL. (MORE: U.K. Slams ‘Immoral’ Tax Practices of Multinational ...