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KPMG UK has announced an increase in revenues; breaks £2bn barrier

KPMG has announced an increase in revenues from £1,958m to £2,068m. Mid-market tax, transaction services and management consulting achieved double digit growth The firm created approximately 1,500 new jobs, ... Read More

Japan: Anti-tax haven (CFC) proposals in 2017 tax reform

The ruling coalition (the Liberal Democratic Party and New Komeito) on 8 December 2016 agreed on an outline of 2017 tax reform proposals, among which are proposed amendments to ... Read More
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Taxation roles and other VAT-related positions are currently seeing very huge demand in UAE

With the forthcoming implementation of value-added tax (VAT) in the UAE and across the region, companies are going to face a huge talent crunch next year, according to recruitment ... Read More

UK Financial Services Firms pay the highest recorded tax contribution

Total tax contribution for the sector reached £71.4 billion in the year to 31 March 2016 A 7.4% increase on the previous year’s figures The contribution is 11.5% of ... Read More

Spain To Hike Corporate Tax Burden

The Spanish Government announced a revenue-raising Budget on December 2 that will increase the tax take from corporations. While the recently formed Government chose to leave the 25 percent ... Read More
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Countries adopt multilateral convention to close tax treaty loopholes

More than 100 jurisdictions have concluded negotiations on a multilateral instrument that will swiftly implement a series of  tax treaty measures to update international tax rules and lessen the ... Read More

Is Trump’s proposal to slash the U.S. corporate tax rate down to 15% a possibility?

Donald Trump’s proposal to slash the U.S. corporate tax rate down to 15% from 35% is within the realm of possibility, the former chairman of the House Ways and ... Read More

easyJet’s financial year results shows a profit before tax decrease of 27.9%

Summary: Record number of passengers at 73.1 million, up 6.6% year on year with record load factor at 91.6% (2015: 91.5%), reflecting easyJet’s resilient business model and ability to ... Read More

France To Increase Financial Transactions Tax

French deputies have voted in favor of an amendment to the draft 2017 Budget that will increase the country’s tax on financial transactions and expand the tax’s scope. Under ... Read More

Ernst & Young to Pay $11.8 Million for Audit Failures

The Securities and Exchange Commission has announced that Ernst & Young LLP has agreed to pay more than $11.8m to settle charges related to failed audits of an oil ... Read More
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