New tax landscape places major burdens on companies
An expanding compliance burden, more audits and the potential for increased and double taxation – those are the challenges facing companies due to the rapidly evolving global tax landscape, according to PwC’s new report. The analysis explores predictions relating to global tax legislation and regulation, as well as risk management and how legislative and regulatory change will mandate transformation.
European banks dispose of unwanted loan portfolios at record rate
European banks are disposing of their unwanted portfolios at a record rate. As well as increased volumes, higher prices are being driven by continued demand from investors and favourable debt markets allowing investors to leverage many transactions. In the first half of this year, transactions have been completed for portfolios with a face value of around €55 billion, an increase of 20% on the same period in 2014.
The analysis shows that banks continue to hold around €2 trillion of unwanted loans which means that the supply of loan portfolios into the market won’t dry up anytime soon.