PUBLISHED: 14:29 19 March 2018 | UPDATED: 11:25 21 March 2018 Mike Brooke Youth services relaunch at Stepney's Haileybury centre in February. Picture: Kois Miah Kois Miah An old High Street bank has been turned into a ‘workpath’ hub by Tower Hamlets Council to help tackle youth unemployment a month after relaunching its youth service. Launch of 'apprentices pledge' by Tower Hamlets Council in December which has already notched up 150 placings. Picture: Kois Miah The former Santander bank at Shadwell’s Watney Market off the Commercial Road reopens soon as a careers centre for the council’s new ‘Young WorkPath’ programme to get more school-leavers and people under 24 into jobs. The programme being started after the troubled youth service was rebooted at Stepney’s Haileybury youth centre recognises young people in the East End are often unable to “seize opportunities” in today’s diverse employment market, despite Canary … [Read more...] about Disused Santander Bank in Watney Market becomes Tower Hamlets Council’s new youth careers hub
Vetas santander
CJEU Ruling in Santander: Withholding Tax on Dividends Distributed to Non-Resident UCITS Infringes EU Freedoms
On 10 May 2012, the Court of Justice of the European Union (CJEU) issued its judgment in Santander (joined cases C-338/11 to C-347/11), stating that the French legislation that imposes a withholding tax on French-sourced dividends when they are received by Undertaking for Collective Investments in Transferable Securities (UCITS) that are resident in another Member State, infringes the free movement of capital provided for by Articles 63 and 65 of the treaty on the functioning of the European Union (TFEU). Although this principle has been reinforced by the CJEU many times, this case is noteworthy for being the first time it has been applied to UCITS.The CJEU JudgmentSantander concerned the compatibility with EU Law of the provisions of the Code General des impôts, which levies a 25 per cent withholding tax on dividends originating in France and received by non-resident UCITS. This is in contrast with dividends distributed to French-resident UCITS, which are exempted … [Read more...] about CJEU Ruling in Santander: Withholding Tax on Dividends Distributed to Non-Resident UCITS Infringes EU Freedoms
Santander Holdings USA Asks the Supreme Court to Address Economic Substance Doctrine
From 2003 to 2007, Sovereign Bancorp, Inc. (Sovereign) – now known as Santander Holdings USA, Inc. (Santander) – engaged in a so-called STARS transaction with Barclays Bank. According to Santander, “[b]y engaging in the STARS transaction, Sovereign transferred some of its income tax liability from the United States to the United Kingdom,” it “secured a loan of $1.15 billion,” and it received a payment “which effectively reduced its lending costs.” On its Federal corporate income tax returns for those years, Sovereign claimed foreign tax credits (FTCs) for UK taxes it paid in connection with the STARS transaction. It also claimed deductions for the interest paid on the $1.15 billion loan.In 2009, the Internal Revenue Service (IRS) issued a Notice of Deficiency disallowing Sovereign’s FTCs and its deductions for interest paid on the $1.15 billion loan. The IRS did not challenge Sovereign’s compliance with the statutory and … [Read more...] about Santander Holdings USA Asks the Supreme Court to Address Economic Substance Doctrine
DOJ to Settle With HSBC Over Repossession of Servicemembers’ Cars
announced on Monday that they reached a settlement agreement with HSBC Finance Corporation over allegations that between 2008 and 2010, the company illegally repossessed 75 cars that belonged to members of the military. The repossessions allegedly violated the Servicemembers Civil Relief Act, which protects people serving in the military from certain civil actions affecting their legal rights while they serve.Under the Act, courts have to approve repossessions if the servicemember had taken out a loan and made a payment on it before they began their service. The DOJ said that HSBC did not get the necessary court orders.“Servicemembers should never have to worry that they will lose their cars while they answer our nation’s call to duty,” Principal Deputy Assistant Attorney General Vanita Gupta, said. “HSBC should have heeded these concerns before repossessing vehicles. I commend the company for working cooperatively to reach an appropriate … [Read more...] about DOJ to Settle With HSBC Over Repossession of Servicemembers’ Cars
Fashionable Thief Hits Seventh Bank in Four Months
DNAinfo reported. The New York based suspect hit his latest target on Friday, police said, passing a note to a bank teller demanding cash. Each time the suspect has acted, his appearance has been different, but always sharp. Images provided by the NYPD show changes in wardrobe, headgear, and facial hair. What remained consistent were his reflective sunglasses.The latest bank to be hit by the smooth criminal was an HSBC branch on Manhattan’s upper east side. He is also believed to have robbed another HSBC, as well as Santander bank locations in different parts of New York City, also by slipping notes to tellers demanding money. The amounts have varied. In the past, he has taken more than $2,000 from one bank. It is unknown how much he took in his latest theft. … [Read more...] about Fashionable Thief Hits Seventh Bank in Four Months