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Switzerland suspends MFN status to India following tax ruling changes
Switzerland has suspended the unilateral application of the most favoured nation (MFN) clause with India under the Double Tax Avoidance Agreement, reverting the withholding tax on Indian entities from 5% back to 10% effective January 1, 2025. This decision follows a Supreme Court ruling that affected the application of the MFN clause, highlighting the lack of reciprocity from India. Consequently, while Indian companies in Switzerland will still benefit from other DTAA provisions, dividends paid to Indian holding companies will now be taxed at the higher rate.
UBS Launches Crafted for You Campaign Elevating Banking to a New Artistry
UBS has launched the cinematic campaign ‘Crafted for You’ as part of its global brand initiative ‘Banking is our Craft,’ featuring emotional narratives around financial planning and legacy. Directed by Edu Grau, the campaign aims to resonate with clients worldwide, showcasing authentic stories from diverse regions. Dr. Winfried Daun emphasizes the importance of creative collaboration and the campaign's alignment with UBS's vision of elevating banking to an art form.
Emirates NBD partners with Chainlink to enhance digital asset innovation
Emirates NBD has welcomed Chainlink as the fifth member of its Digital Asset Lab, enhancing its innovation strategy in digital finance. This partnership aims to advance tokenization and digital asset management, tapping into a market exceeding $1.3 trillion globally. The collaboration will support the development of onchain financial applications, reinforcing the bank's leadership in financial innovation within the MENAT region.
evergrande liquidators list founder's private jet for sale amid financial turmoil
Liquidators for China Evergrande are selling a private Airbus jet owned by founder Hui Ka Yan to recover funds for investors affected by the company's $20bn offshore debt. The 14-year-old jet, valued at $25-30mn, is part of a broader effort to reclaim assets and pursue legal action against executives and firms involved in Evergrande's financial collapse. Hui, once the richest man in China, faces allegations of inflating revenues by $78bn and has been placed under investigation for illegal activities.
Healthcare Consulting Services Market Growth Driven by Digital Transformation and Analytics
The Healthcare Consulting Services market is poised for significant growth from 2024 to 2032, driven by increasing digitization, evolving regulations, and a demand for data-driven decision-making. Key services include IT consulting, operational efficiency, and financial management, catering to healthcare providers, payers, and pharmaceutical companies. Major players in the market include Cognizant, Deloitte, and McKinsey & Company, focusing on enhancing patient care and optimizing operations amidst a rapidly changing landscape.
Healthcare Consulting Services Market Set for Significant Growth Through 2031
The Healthcare Consulting Services Market is projected to reach USD 57.49 billion by 2031, growing at a CAGR of 9.5% from 2024 to 2031. Key drivers include increased demand, a growing customer base, and technological advancements, with major players like Deloitte and Cognizant leading the competitive landscape. The report provides insights into market trends, segmentation, and future growth opportunities.
DLF subsidiary sells Kolkata tech park for 637 crore to Primarc RDB group
DLF's subsidiary has sold a tech park in Kolkata to the Primarc and RDB group for Rs 637 crore. JLL acted as the sole transaction advisor, while Shardul Amarchand Mangaldas & Co and PwC provided legal and financial advisory services to DLF, respectively.
global healthcare consulting services market projected to reach 68 billion by 2033
The Global Healthcare Consulting Services Market is projected to grow from USD 28.18 billion in 2023 to USD 68.36 billion by 2033, at a CAGR of 9.27%. Key drivers include the increasing digitization of healthcare, demand for operational efficiency, and strategic consulting needs, particularly from pharmaceutical and biotechnology companies. North America is expected to dominate the market, while Asia Pacific will experience the fastest growth due to rising healthcare business activities and digital solution adoption.
Trump's tax proposals, including extending the 2017 Tax Cuts and Jobs Act, face challenges due to a significant federal deficit and the complexities of Congress's budget reconciliation process. While some Republicans may support these initiatives, the fiscal implications could limit the scope of tax cuts pursued in 2025. The new administration's focus will likely prioritize immediate extensions over more complicated proposals like tax-free overtime.
bond market faces volatility as federal deficit concerns rise amid stock rally
Buying bonds as the Federal Reserve cut rates has proven to be a miscalculation, with yields remaining unexpectedly high due to persistent federal deficit concerns and potential inflation from Trump's policies. Anne Walsh of Guggenheim Partners anticipates continued volatility in the bond market, projecting the 10-year Treasury yield to fluctuate between 3.5% and 4.5% for the foreseeable future. The cost of extending and enacting new tax cuts could reach $10 trillion, raising questions about the sustainability of such fiscal policies.
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