Digital Tax

EU leaders to urge progress on digital tax despite concerns, draft says

European Union leaders are expected to call for progress on new rules to tax companies’ digital revenues at a summit next week in Brussels, according to draft conclusions of ... Read More

PwC fined £10m over audit failures

The Financial Reporting Council (FRC), the UK’s accounting industry regulator, has issued an announcement to inform that has sanctioned PriceWaterhouseCoopers (PwC) and audit partner Steve Denison. In accordance the ... Read More
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Is the EU ready for a Common Consolidated Corporate Tax Base?

In 2011, an ambitious Common Consolidated Corporate Tax Base (CCCTB) directive was proposed by the European Commission. It sought to harmonise the 28 different corporate tax codes of the ... Read More
Digital Tax

Scandinavians split Europe on digital tax plan

“A digital services tax deviates from fundamental principles of income taxation by applying the tax on gross income, i.e. without regard to whether the taxpayer is making a profit ... Read More
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Spain to introduce the first “Real” Digital Tax in the EU

The Treasury will impose a 5% tax on foreign and Spanish companies’ digital services. This new tax will be on the intermediary services and the publicity and sale of ... Read More
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EU sees $23.5 Billion in revenue from financial-transaction tax

A proposed tax on financial transactions in 10 European Union countries could generate about 19.6 billion euros ($23.5 billion) of annual revenue, though Brexit could make collection more difficult, ... Read More

EU set to remove Bahamas, St Kitts from tax haven blacklist

European Union finance ministers are set to remove the Caribbean islands of the Bahamas and Saint Kitts and Nevis from an EU list of tax havens next week, EU ... Read More

Symantec investigating certain accounting measures

Symantec Corp said on Monday it is investigating the reporting of certain accounting measures including those that could impact executive compensation and some forward-looking statements, but added it does ... Read More

ACCA published the five tenets of good corporate governance

ACCA (the Association of Chartered Certified Accountants) has published a report examining the interrelation between businesses and society, and the importance of good corporate governance in facilitating a positive ... Read More
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Workers in OECD countries pay one quarter of wages in taxes

Workers in OECD countries paid just over a quarter of their gross wages in tax on average in 2017, with just over half of countries seeing small increases in ... Read More
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