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Accounting

AAOIFI logo

Islamic finance body AAOIFI to revise four standards, eyes sukuk

20/11/2014(1)
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half of next year while expanding its guidance for ... Read More
accountants-and-technology

Technology In Accounting: Banks Should Mind the Gap

19/11/2014(0)
Financial institutions often turn to technology to meet increases in regulatory and reporting demands, dedicating large and ever-increasing portions of their budgets each year to investments in tools and ... Read More
tesco logo

Tesco poised to dump auditor after accounting scandal

19/11/2014(0)
Tesco could be on the verge of dumping PwC, its auditor of 31 years, over its apparent failure to identify the accounting problems that led to a black hole ... Read More
islamic finance

Islamic finance body AAOIFI to discuss global accounting standards

18/11/2014(0)
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is engaging its counterpart in conventional finance to discuss the convergence of corporate accounting standards. The move is a shift ... Read More
anton-Siluanov

Russia ready to join G20 tax data exchange plan from 2018

17/11/2014(0)
Russia will be ready to join the G20 automatic tax information exchange program from 2018, Finance Minister Anton Siluanov told reporters Monday after a G20 summit. “Now we have ... Read More
starbucks

EU says Starbucks’ Dutch tax deal may be illegal

14/11/2014(0)
A deal between Starbucks Corp’s (SBUX.O) and Dutch authorities may be illegal state aid as it allows the world’s biggest coffee chain to make payments on a lower corporate income tax ... Read More
fatca

Hong Kong, US Sign FATCA Agreement

14/11/2014(0)
On November 13, Hong Kong and the United States signed an inter-governmental agreement (IGA), the substantive terms of which were agreed in May this year, and which will facilitate ... Read More
china stocks

China to Waive Capital-Gains Tax for Foreigners on Link

14/11/2014(0)
China will waive capital-gains taxes for foreign stock investors using the Shanghai-Hong Kong (HSCEI) bourse link, clarifying its rules three days before the program’s debut provides unprecedented access to mainland shares. Chinese individuals ... Read More
Ed Balls

Labour vows to double fines on tax avoidance

14/11/2014(0)
THE LABOUR Party yesterday pledged to double the fines on people who aggressively avoided tax, if it won the next election. Shadow chancellor Ed Balls said this would be ... Read More
toronto-tax-litigation-lawyers

HMRC letters warning of £1m fines hit tax firms

12/11/2014(0)
The first batch of avoidance experts who could be both publicly denounced by HM Revenue & Customs and forced to reveal their clients’ names has been written to by ... Read More
Broker Cyprus TopFX