news Archives - The Industry Spread

Switzerland and Netherlands Sign Protocol of Amendment to Double Taxation Agreement

June 19, 2019

Bern, 12.06.2019 – On 12 June 2019 in the Hague, Switzerland and the Netherlands signed a protocol of amendment to the double taxation agreement with respect to taxes on income (DTA). The protocol implements the minimum standards for double taxation agreements. It also clarifies some concepts and also adapts the DTA to the current treaty policy of the two states.

SEC Charges Kik Interactive Inc. With Conducting $100 Million Unregistered ICO

June 10, 2019

As alleged in the SEC’s complaint, Kik had lost money for years on its sole product, an online messaging application, and the company’s management predicted internally that it would run out of money in 2017.  In early 2017, the company sought to pivot to a new type of business, which it financed through the sale of one trillion digital tokens.  Kik sold its “Kin” tokens to the public, and at a discounted price to wealthy purchasers, raising more than $55 million from U.S. investors.  The complaint alleges that Kin tokens traded recently at about half of the value that public investors paid in the offering.

FCA Changes Mortgage Advice Rules to Encourage Consumer Choice

May 11, 2019

The Financial Conduct Authority (FCA) has today published proposals for changes to its mortgage advice rules which will help to give consumers more choice in how they buy a mortgage.The proposals are one part of a package of remedies from the Mortgages Market Study, published earlier this year, which aims to encourage innovation and make it easier for customers to find the right mortgage.