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accounting

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China Adopts IMF Accounting Practice in Reserve-Currency Push

12/05/2015(0)
China adopted the International Monetary Fund’s standards for its latest balance of payments data as the nation seeks to obtain reserve-currency status for the yuan. The changes, effective this ... Read More
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GCC pushes on towards introduction of regional VAT

12/05/2015(0)
GCC officials agreed at the weekend to keep working towards the introduction of a value-added tax (VAT) around the region, in a sign that low oil prices may be ... Read More
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Australia: Multinationals face tax avoidance crackdown

11/05/2015(0)
The Abbott government will legislate to crack down on tax avoidance by 30 multinational companies, with planned penalties for diverted profits that “will go further” than action taken by ... Read More
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Tesco Ends 32-Year PwC Relationship After Accounting Scandal

11/05/2015(0)
Tesco Plc ended a 32-year relationship with PricewaterhouseCoopers LLP by hiring Deloitte LLP as its new auditor, seeking to draw a line under a 263 million-pound ($406 million) accounting ... Read More
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EU Clarifies Digital VAT Proposals

11/05/2015(0)
The European Commission has released more detail on its value-added tax proposals under its new Digital Single Market Strategy. The Commission previously confirmed it will legislate in 2016 to ... Read More
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Hungary To Lower Bank Tax

11/05/2015(0)
The Hungarian Government is to submit a legislative amendment to Parliament for its approval that would lower the bank tax. The amendment was drafted based on discussions between Hungary ... Read More
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Indonesia Plans to Gradually Cut Corporate Tax Rate to Below 18%

11/05/2015(0)
Indonesia will gradually cut its corporate tax rate to discourage companies from booking profits in lower-tax countries such as Singapore, the president’s top aide said. The government will cut ... Read More
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ACCA appoints current Singapore head to key strategy and development role for Asia Pacific

06/05/2015(0)
Ms Leong Soo Yee tasked with developing growth potential within the region ACCA (the Association of Chartered Certified Accountants) today announced the appointment of Leong Soo Yee, the current ... Read More
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Grant Thornton Partners vote to become shared enterprise firm

06/05/2015(0)
Grant Thornton UK LLP has become the first major accountancy firm to launch an all employee consultation on a model for shared enterprise which will see all 4,500 of ... Read More
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Tax rulings: “We need a common corporate tax base”, says Commissioner Vestager

06/05/2015(0)
Why did the EU Commission take so long to launch investigations into member states’ tax rulings? Is its strategy to go only after small countries, such as Belgium, the ... Read More
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