BRUSSELS: The European Union is considering putting 20 nations on a blacklist of countries it deems guilty of unfairly offering tax avoidance schemes.

EU Taxation Commissioner Pierre Moscovici says ahead of Tuesday’s meeting of EU finance ministers that the nations being considered had refused to cooperate and change their way “despite ten months of dialogue.”

The issue came again to the fore earlier this year when reports dubbed Paradise Papers showed how the rich and famous stash their wealth in shell companies in small nations to avoid paying taxes at home.

High-tax countries like France have pushed for the blacklist and a Europe-wide crackdown on tax havens. Lower-tax countries like Ireland and the Netherlands argue that will hurt Europe’s competitiveness.

Source: The Himalayan Times

Corporate News

Govt plans to raise CGT on share transactions from next fiscal year

Kathmandu, May 26- The government is planning to increase the capital gains tax (CGT) on share transactions from the next fiscal year citing the need to usher in stability in the share market.

Read more ...

Civil Bank holds AGM

KATHMANDU, May 11: The Annual General Meeting (AGM) of Civil Bank Ltd has approved 14.30 percent dividend – 10.25 percent stock and 4.05 percent cash – to its shareholders. The event was held at Amritbhog in Kathmandu.

Read more ...

Banks race to issue debentures to reduce reliance on deposits

KATHMANDU, March 28: Many banks are opting for debenture as an instrument to collect funds as part of their efforts to address the shortage of lendable fund.

Read more ...

Country’s forex reserves slump to 32-month low

Kathmandu, December 24- Nepal’s foreign exchange reserves have slumped to a 32-month low despite robust growth in remittance income and downward revision in foreign exchange facility for Nepalis visiting overseas, raising the spectre of the country facing a balance of payments crisis if the problem continues to grow.

Read more ...
Symbol % Change Last Price Turnover
GURANS 6.9444 385.0 7,630.0
GMFBS 6.8729 311.0 6,160.0
NAGRO 4.9315 383.0 3,830.0
NMFBS 4.5785 1,439.0 379,095.0
MHNL 3.9604 105.0 345,210.0
Symbol % Change Last Price Turnover
NMBHF1 -10.0000 9.0 61,345.0
SEOS -9.0909 10.0 55,430.0
SMATA -5.3878 1,159.0 161,786.0
PMHPL -5.3097 107.0 54,570.0
NHDL -5.1471 129.0 41,510.0
Symbol % Change Last Price Turnover
TRH -2.8037 312.0 42,456,530.0
NICA 1.5419 461.0 20,141,425.0
SHIVM 0.0000 656.0 19,482,215.0
NBL -0.3086 323.0 18,981,692.0
PRVU -0.3759 265.0 15,727,827.0