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New York State
Latest Headlines
Latest Headlines
New York accountants weigh in on IFRS adoption
Most U.S. companies are still playing the waiting game when it comes to IFRS implementation. While the biggest multinational companies have already had to comply in some countries, other companies
Hedge fund tax stripped in NYC
The hedge fund industry ( hedge fund news) is a tempting target for legislatures in search of revenue. We've already seen proposals to tax carried interest rise and fall in Washington, and we expect another push in this direction soon.
In New York, another effort sought to more severely tax
Politicians aim to raise tax revenue from hedge funds
The need for tax revenue is acute right now. And hedge funds ( hedge fund news) are an obvious target. So we've seen some attempts at imposing taxes and fees, though none of them appear likely to become law.
A late addition to the historic financial reform bill working through Congress wo
New York to tax Wall Street bonuses?
Faced with massive budget shortfalls, will New York state and New York City succumb to the temptation to tax Wall Street bonuses? According to Bloomberg , the state comptroller has proposed as much, going so far as to criticize the mayor and the governor for ruling out such a move. The danger o
New York accountant group slams IFRS roadmap
In the minds of many, the adoption of IFRS is fait accompli, a done deal. But not if the New York State Society of Certified Public Accountants has anything to do with it. The influential group has
What did Thain say about individual bonuses?
There's been a lot of posturing when it comes to New York State AG Andrew Cuomo's attempt to get to the bottom of the Merrill Lynch bonus brou-ha-ha. We may get a bit more clarity from John Thain soon. A New York Supreme Court ruling cleared the way for Thain to directly answer questions, on Tuesd
Why John Thain won't discuss bonuses
New York State Attorney General Andrew Cuomo reportedly deposed ex-Merrill Lynch CEO John Thain at length recently. But now you've got to wonder what they were talking about? Reuters reports that Cuomo, who is on the warpath regarding executive bonuses, has gone to court to compel Thain to dis
The big picture on Wall Street jobs
The downsizing of the financial services industry is proceeding via nicks, cuts and big shogun slashes. Through October, 130,000 financial jobs had been eliminated throughout the industry this year, according to Challenger, Gray & Christmas. But the news of 53,000 job cuts at Citigroup will ra
Huh? Wall Street execs invited to contribute to Cuomo's campaign
New York state attorneys general have a grand tradition of using the position as a stepping stone to greater political glory. But such ambitions can make for some odd moments. New York AG Andrew Cuomo has sent out invites for a big bash in two weeks, a combination birthday party and fundraiser for
The sunny side of hedge fund dislocation
"There's going to be a lot less hedge funds in the industry--anywhere from 30% to 50%--and I tend to err on the 50% side." So said Peter Carey, senior investment officer for alternatives at the $153 billion New York State Common Retirement Fund at the Asset Allocation Forum. As if on cue, CNBC
