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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Kulczyk Oil Ventures To Acquire Winstar Resources

Category : World News

CALGARY, ALBERTA–(Marketwired – April 25, 2013) - Kulczyk Oil Ventures Inc. (WARSAW:KOV) (“KOV“), an international upstream oil and gas exploration and production company, is pleased to announce that it has entered into an agreement (the “Arrangement Agreement“) with Winstar Resources Ltd. (“Winstar“) pursuant to which KOV will acquire all of the issued and outstanding shares of Winstar (the “Acquisition“).

View original post here: Kulczyk Oil Ventures To Acquire Winstar Resources

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Norsk Hydro : Sale of shares to employees

Category : Stocks

OSLO, NORWAY–(Marketwired – Apr 2, 2013) – Norsk Hydro ASA`s employees have agreed to
purchase shares under a general
arrangement offered to the employees of Norsk Hydro ASA each year.

Original post: Norsk Hydro : Sale of shares to employees

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Denison Mines Announces Closing Of Acquisition of JNR Resources Inc.

Category : Stocks, World News

TORONTO, ONTARIO–(Marketwire – Jan. 31, 2013) - Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN)(NYSE Amex:DNN) (“Denison“) is pleased to announce the closing of its previously announced acquisition of the outstanding common shares of JNR Resources Inc. (“JNR”). The transaction was completed pursuant to a plan of arrangement (the “Arrangement”) in accordance with the Business Corporations Act (British Columbia), which was approved by the British Columbia Supreme Court yesterday. Securityholders of JNR approved the Arrangement on January 28, 2013. All conditions of closing have now been satisfied by both parties.

Original post: Denison Mines Announces Closing Of Acquisition of JNR Resources Inc.

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FairWest Energy Obtains Extension Under CCAA

Category : World News

CALGARY, ALBERTA–(Marketwire – Jan. 11, 2013) - FairWest Energy Corporation (TSX VENTURE:FEC) (“FairWest” or the “Company“) announces that it obtained an Order on January 11, 2013 from the Court of Queen’s Bench of Alberta (the “Court“) extending the stay of proceedings granting relief to FairWest under the Companies’ Creditors Arrangement Act (“CCAA“) to February 11, 2013.

Go here to see the original: FairWest Energy Obtains Extension Under CCAA

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Osisko Completes Arrangement With Queenston

Category : Stocks, World News

MONTREAL, QUEBEC and TORONTO, ONTARIO–(Marketwire – Dec. 28, 2012) - Osisko Mining Corporation (“Osisko”) (TSX:OSK)(FRANKFURT:EWX) and Queenston Mining Inc. (“Queenston”) (TSX:QMI)(FRANKFURT:QMI)(OTCQX:QNMNF) are pleased to announce the successful completion of the previously announced plan of arrangement (the “Arrangement”) involving Queenston and Osisko whereby, among other things, Osisko has acquired all of the issued and outstanding common shares of Queenston. Under the terms of the Arrangement, each former Queenston shareholder is entitled to receive 0.611 of an Osisko common share for each Queenston common share held.

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ZPP Received Final Court Order and Shareholders’ Approval for Arrangement

Category : World News

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 20, 2012) - Zongshen PEM Power Systems Inc. (“ZPP” or the “Company”) (TSX:ZPP) announces that the Supreme Court of British Columbia has issued a final order (the “Final Order”) approving the plan of arrangement (the “Arrangement”) involving the Company, Zongshen Industrial Group Co. Ltd. (“ZIG”) and Hong Kong VAS International Development Limited (“HKVAS”), whereby HKVAS has agreed to acquire all of the issued and outstanding common shares of ZPP (the “Shares”) not owned by HKVAS or ZIG for C$0.60 per Share in cash.

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Argonaut Gold and Prodigy Gold Receive Final Court Approval of Plan of Arrangement

Category : Stocks

TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 7, 2012) - Argonaut Gold Inc. (“Argonaut”) (TSX:AR) and Prodigy Gold Inc. (“Prodigy”) (TSX VENTURE:PDG) are pleased to announce that the Supreme Court of British Columbia has today granted the final order approving the previously announced plan of arrangement whereby Argonaut will acquire all of the issued and outstanding common shares of Prodigy.

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Petrobank Announces Agreement With PetroBakken To Create Two Fully Independent Companies

Category : Stocks, World News

CALGARY, ALBERTA–(Marketwire – Oct. 29, 2012) - Petrobank Energy and Resources Ltd. (TSX:PBG) is pleased to announce that we have entered into an agreement with PetroBakken Energy Ltd. (TSX:PBN), our 57% owned subsidiary, to complete a corporate reorganization that will see Petrobank shareholders effectively receive Petrobank’s proportionate interest in our PetroBakken share holdings while maintaining their interest in the remaining Petrobank assets (the “Reorganization“). Petrobank and PetroBakken have signed an arrangement agreement detailing the terms and conditions of the Reorganization. The Board of Directors of each Company have approved the Reorganization, which is anticipated to become effective on December 31, 2012 (the “Effective Date“).

Continued here: Petrobank Announces Agreement With PetroBakken To Create Two Fully Independent Companies

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Letters: Two nations when it comes to tax

Category : Business

Rather disingenuous of the Guardian to offer a solution to the ever-increasing tax avoidance problem that is totally impractical (Unthinkable? Pay As You’re Paid, 6 October). The situation requires an urgent response, not only because tax avoidance is costing the country billions each year, but also because our “two nation” society is divided into those who pay their correct dues in taxation, because they realise fairness is crucial if civilised society is to be maintained, and those who do everything in their power to pay as little as possible.

The banking culture is not the only one in dire need of change, and the sooner real transparency is a feature of the fiscal system the better. Labour needs to apply itself to the problem, and expose the hypocrisy of those who add to the deficit by avoiding tax and then advocate the imposition of austerity measures on people who do not.

Rewriting the legal definition of a “company” and making it impossible for employees to create their own simply to pay lower taxes also seems sensible, as does ending the awarding of knighthoods and other honours to tax avoiders and evaders. An example needs to be set at the top, by politicians, celebrities, footballers, media-types and such like, if tax avoidance is not to become even more deeply embedded in our divided society.
Bernie Evans
Liverpool

• In your article MPs target tax arrangement of BBC stars (5 October), you state: “Staff on company payrolls pay up to 50% tax on their salaries and must contribute national insurance. Those paid via personal service companies set up for the recipient’s benefit pay tax at 21% and are exempt from national insurance.”

You are confusing corporation tax and income tax. If the company makes a profit, it pays corporation tax at 21%. No individual can draw from these profits without paying income tax; if they draw a salary from the company they pay income tax and national insurance (NI) in the normal way and at full rates.

Many people who are self-employed use a company because they are receiving income from multiple sources and because they employ researchers or assistants. They then pay themselves a salary with NI and tax deducted.

In a good year, if their company has done well, they may pay themselves a dividend, which would be taxed in the usual way. There is no NI on dividends so this could be seen to be a saving but to suggest that these people are exempt from NI is not true.
David Parfitt
London

• Private companies that generate income primarily through the work of their major shareholders should be obliged to pay employment income to these individuals. Dividend income should be restricted to a reasonable return on capital invested, say 20%.
John Birtill
Guisborough, North Yorkshire

• It’s extremely hypocritical of the Tories to attack the BBC over the “service company” tax arrangements of many of its stars. It was previous Tory administrations that created the present situation when they insisted on “market reforms” at the BBC. This encouraged the laying off of permanent staff and their re-employment via outsourcing arrangements.
Steve Rouse
Gee Cross, Cheshire

• As a sole trader running a small independent company providing freelance consultancy and advice for public sector organisations, I recently received notification from my professional association that, following a recent visit from HMRC, “We need to ensure that self-employed trainers and associates who undertake work under contract … do so as limited companies and not as private individuals, in terms of their legal status.” It would seem one hand of the government expects self-employed folks in receipt of public funds to pay income tax at 40%, while the other (HMRC) is actively encouraging the self-employed to reduce their tax liabilities to 21%.
James Laing
Calne, Wiltshire

• The public accounts committee should be pleased public sector workers are at last taking on standard private sector practice.
AB Crews
Beckenham, Kent

Endeavour Mining Corporation (EDVMF: OTC Link) | Supplemental Information

Category : Stocks, World News

Thu, Sep 06, 2012 06:23 – Endeavour Mining Corporation (EDVMF: OTC Link) released their Supplemental Information concerning Amended and Restated Arrangement Agreement. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=90184.

Go here to read the rest: Endeavour Mining Corporation (EDVMF: OTC Link) | Supplemental Information

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