Finances of Islamic countries can reduce inequality of world incomes, improve the global economy and help the UN to achieve its objectives of sustainable development
Samsung is under an accusation of bribery
Lee Jae-yong, Head of Samsung in South Korea was accused of bribery.
PwC mistake during Oscar Film Prize Ceremony added brand awareness
International audit firm PwC is recognized as the best brand in professional services. These are the results of a recent study ranking of brands conducted by the independent Institute of branding.
KPMG in cooperation with Microsoft open innovative workplaces based on Blockchain technology
KPMG International Company in cooperation with Microsoft introduce into practice innovative workplaces Blockchain Node, where blockchain technology will be actively used.
International Monetary Fund will not change policy on Greece
Writing off of the debt of Greece by the countries - members of European Union is important. However, according to the International Monetary Fund (hereinafter - the IMF), it is not easy to take the step, if the country does not get rid of internal debt problems
The EU Parliament approved the amendments to the Directive on shareholders’ rights
Amendments to the Shareholder Rights Directive (2007/36/EU) were adopted by the European Parliament
EY client was fined for failure audit in Indonesia
Client of EY international audit firm in Indonesia - KAP Purwantono, Suherman & Surja Company, was fined by USВ 1 million by the USA Public Company Accounting Oversight Board (PCAOB) for failed audit
Italy systematically violates the norms of EU tax legislation
Organization for Economic Co-operation and Development (hereinafter - OECD) recommends to the Government of Italy to strengthen compliance with tax legislation of the European Union.
Brexit will not affect the EU export-import transactions
In connection with an exit of Great Britain from the European Union it can be a serious problem with access of the country to databases and the EU systems, which can have not the best impact on exports and imports within the EU.
India struggles with the dominance of cash in economy
India banned cash transactions amounting to more than INR 300 000. This is about USD 4 500. In addition, the government twice reduced the tax rate for workers with low wages.
Countries of Cooperation Council for the Arab States of the Gulf pay equal VAT
Saudi Arabia became the last country of the Persian Gulf, which officially supported the agreement on implementation of equal value added tax(hereinafter –VAT) in all six countries members to 2018 by the Cooperation Council for the Arab States of the Gulf
The EU established process of exchange of tax information with Liechtenstein
The European Union and the European micro-state Liechtenstein from 2018 will automatically exchange bank information of residents of both jurisdictions under the agreement agreed by the European Parliament in December 2015.
Stringent requirements of anti-corruption legislation of Romania remain unchanged
The Romanian government is not going to ease the requirements of anti-corruption legislation. The mass demonstrations on the streets of Bucharest contributed to this decision.
Indian accounting standards are actively implemented into practice
The Government of India announced timetable for implementation of Indian accounting standards that comply with international financial reporting standards