Taxation: Commission requests Hungary to amend its VAT rules on open-end leases of passenger...

European Commission - Press release Brussels, 16 June 2011 – The European Commission has formally requested Hungary to amend its VAT legislation which does not allow lessees to benefit from VAT deductions in open-end leases of passenger vehicles....

Financial reporting rules: Commission requests Romania to change accounting rules

On 26 sept. 2013, the European Commission has requested Romania to align its rules on valuation and accounting of purchased debt claims with EU...

IFRS Foundation charts progress towards global adoption of IFRS

05 June 2013-- Delivered by Feed43 service

Budget: Commission to take Portugal to Court over overdue customs duties payment

European Commission - Press release Brussels, 16 June 2011 - The European Commission has decided today to refer Portugal to the EU Court of Justice because of its failure to collect and transfer to the EU budget a payment linked to customs duties....

Deloitte again ranked #1 in global financial services consulting by Kennedy

New York, NY, August 2013 – Deloitte Touche Tohmatsu Limited (DTTL) is pleased to announce that for the third consecutive year, Deloitte has been...

European Commission seeks tougher rules to protect taxpayers’ money from fraud

IP/11/644 Brussels, 26 May 2011 In a policy paper adopted today, the European Commission set out a series of measures enabling prosecutors and judges across the EU to fight fraud against the European Union’s financial interests more effectively....

IFRS: Summary of the October 2011 Trustees’ meeting, Paris

The Trustees of the IFRS Foundation have announced the conclusions of their meeting in Paris, France on 13 October 2011.

Wayne Upton to chair IFRS Interpretations Committee

The Trustees of the IFRS Foundation, the oversight body of the IASB, have announced that Wayne Upton will take over as Chair of the IFRS Interpretations Committee from Robert Garnett.

First Meeting of the OECD Global Forum on Value Added Tax (VAT)

Secretary-General Angel Gurría provided closing remarks at the first meeting of the OECD Global Forum on Value Added Tax (VAT) held in Paris. The meeting focused on designing efficient and equitable VAT systems and analyzing their impacts on international trade.

Trustees set out next steps on Trustee Chair and their Strategy Review

The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), have announced steps to be taken following the tragic and untimely death of Tommaso Padoa-Schioppa.

Tackling Aggressive Tax Planning through Improved Transparency and Disclosure

Aggressive tax planning is a major risk to the revenue base of many countries. Countries have developed a number of strategies to deal with aggressive tax planning. This report, approved by all OECD members, covers a range of approaches from mandatory ...

India signs international tax agreement

India has signed the Convention on Mutual Administrative Assistance in Tax Matters, a multilateral agreement which promotes international co-operation while respecting the rights of taxpayers.

OECD publishes comments received on the Tax Challenges of the Digital Economy

On 22 November 2013, a request for public comments on the tax challenges of the digital economy was launched. The OECD now publishes the comments received.

OECD invites comments on certain transfer pricing timing issues

The OECD Secretariat invites public comments on certain timing issues related to transfer pricing, in connection with the OECD’s work on intangibles and other projects. Comment on these issues is requested before 14 September 2012 and should be sent...

Trustees update timetable for Strategy Review

The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), have updated the timetable for completing the ongoing Strategy Review.

Tax evasion: Pressure to end tax evasion grows as the Global Forum publishes new...

The Global Forum on Transparency and Exchange of Information for Tax Purposes has just completed peer reviews of 11 jurisdictions. This brings to 70 the number of peer review reports completed since March 2010.

IASB and FASB propose common solution for impairment accounting

The IASB and the US-based Financial Accounting Standards Board (FASB) have today published for public comment proposals for accounting for impairment of financial assets such as loans managed in an open portfolio.

Tax : Average tax burden on workers’ earnings fell in most OECD countries last...

Average tax and social security burdens on employment incomes fell slightly in 24 out of 30 OECD countries last year as governments struggled to shore up faltering economies amid the worst recession in decades. But whether this trend will continue this...

European Commission: Report on Tax Reforms in EU Member States 2015

European Commission publishes report on tax reforms in EU Member States "Tax Reforms in EU Member States 2015 - Tax policy challenges for economic...

Global Forum on Tax Transparency: New reports review jurisdictions’ information exchange

The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange.

September 2012 IFRIC Update published

26 September 2012-- Delivered by Feed43 service

IFRS Foundation to establish Asia-Oceania liaison office in Tokyo

The IFRS Foundation, the oversight body of the IASB, has announced its intention to open an office in Tokyo for enhanced liaison in the Asia-Oceania region.

Taxing Wages: Country note for Finland

This annual publication provides details of taxes paid on wages in all thirty-four member countries of the OECD.

Taxation: Commission refers Spain to Court over reduced VAT rate for medical equipment

IP/11/605 Brussels, 19 May 2011 The European Commission has decided to refer Spain to the EU's Court of Justice concerning its illegal application of a reduced rate of value added tax (VAT) to general medical equipment, appliances to alleviate animals'...

Algirdas Šemeta EU Commissioner for Taxation and Customs Union, Audit and Anti-Fraud Our ambitions...

SPEECH/11/314 Ladies and Gentlemen, Let me start by saying how pleased and impressed I am by the number of people who managed to come to Milano today from all over Europe and beyond in order to take a more active role in the public consultation on the ...

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