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Stories that are tagged 'accounting'

New Zealand-S Korea FTA Enters Second Phase

by Mary Swire,, Hong Kong

Friday, January 13, 2017

Cross-border tariffs between New Zealand and Korea were scaled back further on January 1, 2017, with the second installment of tax cuts under their free trade agreement. Read Full Story


Zimbabwe Announces Tax Breaks In Latest Budget

by Lorys Charalambous,, Cyprus

Thursday, January 12, 2017

Zimbabwe's recent Budget included tax relief measures and initiatives to tackle low compliance rates. Read Full Story


EU Presses Ahead With Single Market Improvements

by Ulrika Lomas,, Brussels

Wednesday, January 11, 2017

The European Commission has published a package of measures to ease the administrative burden on service providers, which includes plans for a new European Services e-card and a proportionality assessment of national regulations. Read Full Story


AICPA Issues Guide On New US Revenue Recognition Rules

by Glen Shapiro,, New York

Friday, January 6, 2017

The American Institute of Certified Public Accountants has issued the first online edition of its Audit & Accounting Guide on Revenue Recognition in response to the new standards from the Financial Accounting Standards Board. Read Full Story


IRS Guides On Professional Employer Organization Status

by Scott Hamilton,, Washington

Wednesday, January 4, 2017

In Revenue Procedure 2017-14, the Internal Revenue Service has released guidance on the requirements that US business entities must satisfy to maintain their certification as Professional Employer Organizations. Read Full Story


UK's Largest Taxpayers' Contribution Grew In 2016

by Amanda Banks,, London

Friday, December 16, 2016

The UK's largest companies paid a total of GBP82.3bn (USD103.2bn) in tax this year, compared with GBP80.5bn in 2015, despite a cut to the corporate tax rate, according to a report from PwC. Read Full Story


ATO Publishes Corporate Transparency Report

by Mary Swire,, Hong Kong

Thursday, December 15, 2016

The Australian Taxation Office has published the tax details of 1,904 large companies operating in Australia, which together accounted for 63 percent of company tax payable for 2014-15. Read Full Story


Sweden To Slash Solar Tax

by Ulrika Lomas,, Brussels

Wednesday, December 7, 2016

The Swedish Government has announced its intention to slash the rate of tax on solar energy, as part of efforts to meet ambitious renewable energy targets. Read Full Story


UK To Reduce VAT Flat Rate Scheme Benefits

by Jason Gorringe,, London

Monday, November 28, 2016

As announced in the Autumn Statement, the UK Government is to clamp down on the "inappropriate use" of the VAT flat rate scheme for small businesses. Read Full Story


AICPA Outlines Its Tax Reform Priorities

by Scott Hamilton,, Washington

Friday, November 25, 2016

The Tax Executive Committee of the American Institute of Certified Public Accountants has outlined the major priorities that it would like to see incorporated in any tax reform proposal that advances through the next US Congress. Read Full Story




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