Accounting

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Disney and Skype ‘used Luxembourg tax deals’

12/12/2014(0)
Companies including Disney and Skype have allegedly used Luxembourg tax deals, according to fresh leaks published by investigative journalists. The group of firms funnelled hundreds of millions of dollars ... Read More
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Iceland Looks At ‘Exit Tax’ For Foreign Investors

12/12/2014(0)
Iceland appears to be looking to remove its capital controls early in 2015, but would, at the same time, impose an “exit tax” on those foreign investors who have ... Read More
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Wal-Mart used questionable accounting, sales practices in China: report

11/12/2014(0)
Wal-Mart Stores Inc.’s WMT, -0.69% retail business in China has been made to look better than it is, due to “questionable accounting and unauthorized sales practices,” Bloomberg News said ... Read More
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EU Financial Transactions Tax In 2016 ‘Unlikely’

10/12/2014(0)
A group of 11 European Union (EU) countries has failed to reach an agreement on a proposed financial transactions tax before a self-imposed deadline. It is believed that the ... Read More
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KPMG’s record breaking sales fuel more hiring

10/12/2014(0)
Big Four accountant KPMG Inter­national today announced record-breaking revenues for its worldwide network of $24.82bn (£15.8bn) for the fiscal year ended 30 September – a six per cent increase ... Read More
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Joe Hockey announces profit-shifting tax audit of 10 multinationals

09/12/2014(0)
Australia will consider passing stronger laws against tax avoidance, the treasurer says, as tax office ‘embeds’ staff within companies The Australian Tax Office is auditing 10 multinational corporations and ... Read More
Accounting - Tax

Audit Office says benefits fraud and error costs £72m

09/12/2014(0)
Benefit overpayments due to fraud and error in Northern Ireland rose to £72m in 2013, according to figures contained in an Audit Office report. The 2013 total is an ... Read More
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PwC staff grilled by MPs over Luxembourg deals

09/12/2014(0)
Accountants and business advisors PricewaterhouseCoopers (PwC) came under fire from MPs yesterday during a parliamentary hearing. The hearing followed the leak of hundreds of Luxembourg tax rulings at the beginning ... Read More
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Accounting watchdog warns retailers after Tesco scandal

08/12/2014(0)
British retailers must provide clear information to investors about their income from suppliers, the country’s accounting watchdog said on Monday as it investigates a book-keeping scandal at leading supermarket ... Read More
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Virgin Australia’s NZ operations report $31m profit following accounting changes

08/12/2014(0)
Virgin Australia’s earnings performance on the highly competitive trans-Tasman route has improved from loss-making to a profit as a result of accounting policy changes and other benefits from its ... Read More
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