Australia’s tax inspector takes on compliance review but declines GAAR Penalties, compliance risk assessment tools and transfer pricing management, and how the Australian Taxation Office (ATO) approaches them are to come under the gaze of the government official responsible for... By Ralph Cunningham October 10 2012
Outstanding firms unveiled at Americas Tax Awards Hot on the heels of the presentation of the primetime Emmy awards earlier in the week, the seventh annual Americas Tax Awards ceremony took place in New York on September... By Ralph Cunningham October 02 2012
Shulman emphasises IRS compliance efforts Douglas Shulman, the outgoing commissioner of the Internal Revenue Service (IRS) in the US, has identified transparency, timeliness and certainty as important elements of a “well functioning tax system in... By Ralph Cunningham October 03 2012
Management fees: why clear contractual terms are the answer The definition of management fees varies substantially around the world and that is leading to tax authorities mounting more and more challenges to what companies believe they are entitled to... By Ralph Cunningham October 02 2012
Malaysia postpones IFRS until 2014 Malaysian taxpayers that were allowed to delay adopting International Financial Reporting Standards (IFRS) have been given more time before they have to start using the accounting rules. By Ralph Cunningham July 11 2012
How UK rate cut changes tax accounting Now that the UK Finance Bill has passed its final stage in the House of Commons, the cut in corporation tax has implications depending on the accounting standards or principles... By Ralph Cunningham July 10 2012
Draft GAAR guidelines provide mixed cheer for Indian investors The good news for taxpayers in the draft guidelines for the implementation of general anti-avoidance rules (GAAR) in India is that the measures will not be retrospective when they take... By Ralph Cunningham June 29 2012
Essar’s accounts feel sales tax pain An unresolved sales tax liability related to its Vadinar refinery in the Indian state of Gujarat clouded the annual accounts presentation by Essar Energy, the natural resources company, just as... By Ralph Cunningham June 27 2012
Kroeker’s departure set to delay IFRS decision The resignation of the SEC’s chief accountant is likely to put back any decision by the US on IFRS convergence, said one of his predecessors in the role. By Ralph Cunningham June 22 2012
US draws Switzerland and Japan into FATCA net The US has added Japan and Switzerland, two key centres of international finance, to the number of countries that have agreed to pursue a bilateral agreement to implement the Foreign... By Ralph Cunningham June 21 2012
