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Latest News - Tax

OECD launches consultation on misuse of residence by investment schemes

  • Published: 20 Feb 2018

The OECD has launched a consultation on the misuses of residence by investment (RBI) schemes for tax evasion/avoidance purposes.. read more

Indian tax reform disrupted businesses: IFAC Survey finds

  • Published: 15 Feb 2018

Around 64% of Indians surveyed believe that the Goods and Services Tax (GST) rollout led to a disruption among the businesses community across the.... read more

Countries must strengthen tax systems to meet Sustainable Development Goals

  • Published: 15 Feb 2018

The IMF, the OECD, the United Nations and World Bank Group have called on governments to strengthen and increase the effectiveness of their tax.... read more

Six countries sign the BEPS international tax treaty agreement

  • Author: Stephanie Wix
  • Published: 26 Jan 2018

Barbados, Ivory Coast, Jamaica, Malaysia, Panama and Tunisia have signed the OECD’s Base Erosion and Profit Shifting (BEPS) multilateral convention.... read more

Is the European Commission missing the bigger picture regarding the taxation of the digital economy?

  • Author: Stephanie Wix
  • Published: 19 Jan 2018

The European Commission’s public consultation on the taxation of the digital economy has been criticised by accountancy organisations for wasting.... read more

Registrations for the World Congress of Accountants open

  • Author: Vincent Huck
  • Published: 16 Nov 2017

Registrations for the World Congress of Accountants 2018 (WCOA 2018) have opened. The congress will take place in Sydney, Australia, which last.... read more

Preliminary report calls Big Four a “cartel-like group”

  • Author: Vincent Huck
  • Published: 25 Oct 2017

The Maturity Institute, a not for profit company which rates how well organizations are performing today and the probability that they will.... read more

Sanders and Warren amongst USA Senators to call on standard setter to consider country-by-country reporting

  • Author: Vincent Huck
  • Published: 18 Oct 2017

Eight USA Senators, including prominent Democrat figures Elizabeth Warren and Bernard Sanders, have sent a letter to the Financial Accounting.... read more

The UK becomes the 20th country to exchange tax reports with the USA

  • Author: Stephanie Wix
  • Published: 1 Sep 2017

The UK and USA governments have agreed to exchange tax information from multinational enterprises in country by country reports (CBCR).. read more

Global Forum releases tax transparency compliance ratings

  • Author: Stephanie Wix
  • Published: 23 Aug 2017

The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has published ten outcomes of an enhanced peer review.... read more

The UK government made the right decision in delaying Making Tax Digital, finds survey

  • Author: Stephanie Wix
  • Published: 15 Aug 2017

Findings from a survey on Making Tax Digital (MTD) have revealed that 86% of respondents think that the UK government has made the right decision.... read more

ICAEW release report on extended audit report

  • Author: Stephanie Wix
  • Published: 11 Aug 2017

The Institute of Chartered Accountants in England and Wales (ICAEW) has released a report highlighting the challenges and risks of extended audit.... read more

Inland Revenue new Commissioner in Sri Lanka praises the accountants’ role in tax collection

  • Author: Sarajuddin Isar
  • Published: 4 Aug 2017

Chartered accountants (CA) can bridge gap between tax payers and tax department in Sri Lanka according to the Inland Revenue (IR) new commissioner.... read more

Accountancy profession coy about UK Chancellor post Brexit tax remarks

  • Author: Vincent Huck
  • Published: 31 Jul 2017

UK chancellor Philip Hammond’s remarks to a French newspaper about not wanting to turn the UK into a tax haven after Brexit, contradicting a.... read more

The National Treasury and SARS launch public comments on amendment of taxation laws in Africa

  • Author: Sarajuddin Isar
  • Published: 28 Jul 2017

The National Treasury and the South African Revenue Service (SARS) have launched a public consultation on the 2017 Draft Taxation Laws Amendment.... read more

USA standards setter urged by politicians and securities officials to introduce country-by-country tax reporting

  • Author: Vincent Huck
  • Published: 21 Jul 2017

Members of the USA House of Representatives and members of the SEC's Investor Advisory Committee (IAC) have separately sent a letter to the.... read more

Accountants shouldn’t exploit tax regulation loopholes, Accountancy Europe opines

  • Author: Vincent Huck
  • Published: 20 Jul 2017

Accountants shouldn’t devise and promote tax planning structures or arrangements that are designed to achieve a different result than what is.... read more

Professionals welcome UK government’s delay of Making Tax Digital but concerns remain

  • Author: Stephanie Wix
  • Published: 18 Jul 2017

The UK Government has delayed its plans for the digital transformation of the tax system (MTD) after professional bodies, businesses and MPs raised.... read more

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