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Accounting

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International fight against tax fraud steps up a gear

05/07/2018(0)
The UK, Canada, the Netherlands, the United States and Australia have launched an international tax and anti-money laundering team. The Joint Chiefs of Global Tax Enforcement (J5) body will ... Read More
PwC-building

PwC ordered to pay millions dollars in damages over bank’s collapse

03/07/2018(0)
A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one ... Read More
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European Commission finds Luxembourg gave illegal tax benefits

28/06/2018(0)
The European Commission has found that Luxembourg allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade. This is illegal under ... Read More
toshiba

Toshiba says U.S. SEC completes accounting probe, no penalty

25/06/2018(0)
Japan’s Toshiba Corp on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company. “We understand that ... Read More
Digital Tax

EU leaders to urge progress on digital tax despite concerns, draft says

20/06/2018(0)
European Union leaders are expected to call for progress on new rules to tax companies’ digital revenues at a summit next week in Brussels, according to draft conclusions of ... Read More
PwC-building

PwC fined £10m over audit failures

14/06/2018(0)
The Financial Reporting Council (FRC), the UK’s accounting industry regulator, has issued an announcement to inform that has sanctioned PriceWaterhouseCoopers (PwC) and audit partner Steve Denison. In accordance the ... Read More
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Is the EU ready for a Common Consolidated Corporate Tax Base?

12/06/2018(0)
In 2011, an ambitious Common Consolidated Corporate Tax Base (CCCTB) directive was proposed by the European Commission. It sought to harmonise the 28 different corporate tax codes of the ... Read More
Digital Tax

Scandinavians split Europe on digital tax plan

06/06/2018(0)
“A digital services tax deviates from fundamental principles of income taxation by applying the tax on gross income, i.e. without regard to whether the taxpayer is making a profit ... Read More
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Spain to introduce the first “Real” Digital Tax in the EU

01/06/2018(0)
The Treasury will impose a 5% tax on foreign and Spanish companies’ digital services. This new tax will be on the intermediary services and the publicity and sale of ... Read More
Tax photo

EU sees $23.5 Billion in revenue from financial-transaction tax

23/05/2018(0)
A proposed tax on financial transactions in 10 European Union countries could generate about 19.6 billion euros ($23.5 billion) of annual revenue, though Brexit could make collection more difficult, ... Read More
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