New York is expected to replace London as the city with the most financial services employees this year, according to research from by the Centre for Economics and Business Research (CEBR) in the U.K., which predicts Hong Kong could surpass London by 2015, CNBC reports.
Administration eyes the estimated $2.6T in offshore money.
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
Appalling idea would target profit-shifting to tax havens.
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