Articles about Finance

The Paradise Papers -- a massive cache of documents leaked to newspapers and journalists -- reveal the tax avoidance strategies used by millionaires, billionaires and businesses around the world. The leaks comprise over 13 million documents, and it shows the financial structure and offshore accounts for many big-name companies.

Included in the list is Apple -- a company already known to have taken advantage of the "double Irish" tax loophole in Ireland to massively reduce its tax bill. The Paradise Papers show that Apple made use of another tax haven after it faced criticism for its exploitation of Irish taxes and a clampdown on the loophole.

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The UK is continuing to embrace mobile and contactless payments as the impact of cash continues to decline, new figures have revealed.

British consumers and businesses are increasingly shunning physical money in favor of card and online payments, according to the UK Cash and Cash Machines 2017 report from watchdog UK Finance.

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Organizations in the financial services sector are forced to innovate in order to stay relevant. At the same time, innovation is being slowed down by the need to keep data and applications safe, putting organizations in this vertical in quite a tough spot.

This conclusion was given out in a new report by Claranet. The report says that striking the right balance between innovation and security is becoming a "key competitive differentiator" in the sector.

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UK payment processor Worldpay is the subject of a £9.3 billion ($12.1 billion) takeover by US rival Vantiv. The merged company will be known simply as Worldpay and will be headquartered in Cincinnati, but run from New York and London.

In the deal, Vantiv is paying £8 billion ($10.4 billion) for Worldpay, plus an additional £1.3 billion ($1.7 billion) to cover debts. It is one of the biggest takeovers of a UK company since the Brexit vote of 2016.

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