Review could change FAS 109 tax accounting standard A change to how companies account for US income taxes could be in the offing after the Financial Accounting Foundation (FAF) announced a post-implementation review of FAS 109, the financial... By Ralph Cunningham February 20 2013
US and Switzerland sign FATCA agreement The US has achieved a significant result in its efforts to clamp down on tax evasion by its entities and citizens around the world by persuading Switzerland to sign a... By Ralph Cunningham February 14 2013
UK government makes tax compliance central to procurement Companies in the UK, even if they are not tax resident, will have to certify that they have been tax compliant for the previous 10 years before they can compete... By Ralph Cunningham February 14 2013
Demand for income tax accounting to change but few want IAS 12 to go A consultation has revealed that multinational companies, accounting firms and standard setters want IAS 12, the international accounting standard for income taxes, to change but few are in favour of... By Ralph Cunningham February 13 2013
UK authorities get behind new centre on tax administration Reduced compliance costs, improved service and how best to ensure that the UK tax system is implemented as parliament intended are some of the aims of a new academic organisation... By Ralph Cunningham February 12 2013
Australia could enact law to force disclosure of corporate tax returns The Australian government is keeping up the pressure on businesses to comply with the spirit and letter of the tax law. By Ralph Cunningham February 06 2013
Dave Hartnett to advise HSBC on tax risk Dave Hartnett, the most senior tax official at HMRC in the UK until his retirement in 2012, is to become an adviser to a new committee set up by HSBC,... By Ralph Cunningham January 30 2013
Final regulations confirm intergovernmental agreements as route to FATCA compliance Intergovernmental agreements (IGAs) the US has signed and is negotiating with overseas jurisdictions are taking over as the focus for compliance with Foreign Account Tax Compliance Act (FATCA). By Ralph Cunningham January 23 2013
Equity tax relief comes under discussion at bank inquiry A new form of taxation of UK companies could be an alternative to interest deductibility, a parliamentary panel has been told. By Ralph Cunningham January 21 2013
Final FATCA regulations are out The US Treasury and IRS have published 544 pages of final regulations about how the controversial information reporting legislation should work. By Ralph Cunningham January 18 2013
