RSM Global

International

Issue 54 – IFRS News In Brief

7 December 2015
PUBLICATIONS AND ANNOUNCEMENTS Proposed guidance on transfers of investment property open for comment until 18 March 2016 On 19 November 2015, the IASB published an exposure draft aimed at clarifying the existing guidance on transfers to, or from, investment properties in IAS 40.

Issue 53 – IFRS News In Brief

3 November 2015
PUBLICATIONS AND ANNOUNCEMENTS Proposed Interpretation for uncertainty over income tax treatments open for comment until 19 January 2016

UK - OECD delivers game changing tax measures

19 October 2015
Tax avoidance by large businesses is still a topic that attracts attention, with politicians keen to state that they will be tough on those that abuse the rules.

Issue 52 – IFRS News In Brief

16 October 2015
PUBLICATIONS AND ANNOUNCEMENTS IFRS 15 Revenue from Contracts with Customers amended for its effective date

Chile: Tax Reform Law

12 October 2015
Undoubtedly, Tax Reform Law 20.870 is the largest break in Chilean tax history. The reform has the peculiarity that its implementation will take place over four years, from 2014 up to and inlcuding 2017, in order to minimise the effects of it on the economy and companies.

Rebuilding the Global Economy

5 October 2015
Insights from an international comparative study of business ‘birth’ and ‘death’ rates.

Issue 51 – IFRS News In Brief

6 August 2015
This fifty-first edition features: Publications and Announcements

Europe: European Commission presented Action Plan on corporate taxation within the EU

21 July 2015
On 17 June 2015, the European Commission (EC) presented their five-tier Action Plan on a fair and efficient corporate taxation within the EU. The Action Plan sets out a series of initiatives to tackle tax avoidance, secure sustainable revenues and strengthen the Single Market for businesses. In particular this means that:

Austria: Tax Reform Act 2015

21 July 2015
On 20 March 2015, the Ministry of Finance of Austria published the first details of the planned Tax Reform. On 16 June 2015, the Austrian Government approved a draft version of the Tax Reform Act 2015. The reform will, in principle, be applicable from 1 January 2016.  Corporate key elements of the reform are:

New Zealand Inland Revenue announce two year focus on multinationals

21 July 2015
The New Zealand Inland Revenue Department ‘IRD’ has announced a two year focus on multinational businesses. The IRD has also identified specific transactions that will be actively reviewed during this project.

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