News
EU Joint Transfer Pricing Forum adopts compensating adjustment recommendations
The question of compensating adjustments was the subject of a report by the EU Joint Transfer Pricing Forum. The report makes some general recommendations for approaches EU members should take, but it also leaves some unanswered questions.Introducing: The “conscience in your pocket”
The Institute of Business Ethics has launched a free mobile phone app to provide employees with immediate guidance on a range of scenarios from accepting gifts and hospitality to facilitation payments and conflicts of interest.Why the job-hopper label is one to avoid
Hiring managers consider a job-hopper to be someone who has worked five places in ten years, according to a new Robert Half survey that offers tips for employees thinking about changing companies.UK regulator reviews audit reforms, considers EU proposal
The UK Competition Commission announced that it will review its new audit market reform rules in order to consider the impact of an EU proposal that is close to being finalised.Around the world, pay raises in 2014 are projected to shrink
Pay raises around the world are projected to decline in 2014 in most countries. Hay Group research shows a drop in raises in both emerging and developing markets.Management accountants see average salaries rise 3%
See what others earn, how many hours they work per week and what skills they are looking to sharpen.Maquiladoras get tax reprieve from Mexico’s president
Mexico’s maquiladora industry got a last-minute reprieve from several new tax reform provisions that were scheduled to go into effect on January 1st.Which countries are best prepared to benefit from globalisation?
A new ranking of 27 countries rates their preparedness to take advantage of future globalization of trade. The findings may surprise you.Inspiring collaboration is critical for higher growth
“Network leadership”—the ability to facilitate employee collaboration across business silos—is a key to growth, according to a new report. Research suggests that many leaders are lagging in this important skill.Swiss court stops handover of tax information to US
A Swiss court has prevented the handover of information on US account holders to the Internal Revenue Service (IRS), the US tax agency, by the Julius Baer Group Ltd., a Swiss bank.Six fraud and corruption trends for 2014
EY has identified six themes related to fraud and corruption in 2014. Among them: dealing with cyber threats and balancing the opportunity for growth in emerging markets with perceived corruption risk.How to start a successful cross-border investigation
Many companies are poorly prepared to handle cross-border investigations and are neglecting to train staff in the culturally sensitive task, according to a new report. Here are six steps to follow to get an investigation off to a good start.Asia’s Big Data problem
Asian companies are eager to embrace Big Data, but most are lagging in implementing their ambitious plans, according to a survey of more than 500 senior executives and frontline managers in Asia Pacific.Seven changes new revenue standard may bring
Companies need to be aware of these possible changes as FASB and IASB put the finishing touches on the new revenue recognition standard.Improved business climate on the horizon in US, survey says
CFOs and other finance professionals predict continued improvement in business conditions in the US. They’re more optimistic than a year ago regarding economic growth and job creation, according to the Association for Financial Professionals.Italy’s parliament passes “Google tax” on digital advertisements
Italy’s Senate, the Senato della Repubblica, passed a law under which Italian companies will be required to purchase online advertising from Italian companies, rather than from companies based in foreign countries.SEC to update rules for corporate disclosures
US Securities and Exchange Commission Chairman Mary Jo White directed the commission’s staff to develop recommendations for updating the rules for what a company must disclose in its public filings.Six more countries sign FATCA agreements with US
The US Treasury Department announced on Thursday that the United States has signed six more bilateral agreements to implement the reporting and withholding provisions of the US Foreign Account Tax Compliance Act.EU member states approve mandatory audit firm rotation
The new regulations and amendments approved include a requirement that audit firms rotate engagements with public-interest entities every ten years – with provisions for longer periods when engagements are put out for bid or joint audits are performed.
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