12/08/2007
Study confirms Switzerland as tax haven
Switzerland lives up to its reputation as a tax haven for companies, according to a report published & couple of days ago by the World Bank and professional services firm PricewaterhouseCoopers (PwC), that rated countries according to how much tax businesses were charged.
The "Paying Taxes 2008" is a study that provide with information relating to 178 countries.
The report concludes that more transparency and simplification is needed in tax reporting systems. Simplifying the tax system can encourage compliance and more transparency can help governments recognize the full contribution of businesses toward tax revenues
Read article Study confirms Switzerland as tax paradise
Know more about the Paying Taxes 2008 study
15:00 Posted in Switzerland | Permalink | Comments (0)
12/06/2007
Campaigners attack IASB award
IASB received a formal complaint about its report into NGOs and is attacked by political campaigners and investors over the segmental reporting standard IFRS 8.
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16:15 Posted in General | Permalink | Comments (0)
12/05/2007
PwC urged to return Northern Rock fees
Having a code of conduct and communicating in an appropriate way about Corporate Responsibility do not prevent drifts.
PricewaterhouseCoopers has been urged to give back its audit fees for Northern Rock work.
"You've audited and provided comfort letters for the biggest banking disaster in 150 years"' Tory MP Michael Fallon said.
The difference is the culture of the center where the auditor works wants analysing. In the UK there is the anglosaxon culture to investigate and tighten up the ship, which mitigates risks in a way for the brands because of the dissuasive effect.
In Luxembourg everyone - politicians, professionals, media - to hush up issues, which actually emphasize risks for the brands in a world of transparency and communication all the more than there is no dissuasive effect.
But I think that PwC UK should communicate and in a general rule firms must communicate when they face issues. In another sector this is what Total is doing about the sinking of the tanker ERIKA (read in French) which is positive from a CSR point of view no matter what will be the conclusion of the trial mid January 2008.
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F. McKenna's analysis
Accountancy Age
Guardian
Telegraph
07:25 Posted in UK | Permalink | Comments (0)