News
The Financial Reporting Council fined Grant Thornton UK LLP and sanctioned two of the auditor’s former executives for failing to maintain ethical standards, in the latest critique by regulators of accounting firms’ shortcomings.
New data shows the extent to which multinational companies shift profits around the globe to avoid tax, increasing pressure on international efforts to rewrite rules for a digital era, the OECD said.
Global firms’ profit shifting shows need for new tax rules: OECD
Apple Inc. will find out next week whether it won the first round of its bid to topple a record 13 billion-euro ($14.7 billion) Irish tax bill imposed by European Union state-aid regulators.
Prices have risen significantly in the past two years, preparers report.
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The global coronavirus pandemic has created an atmosphere of change for VAT countries as they struggle to come to terms with the financial impact of the crisis.
Vertex has filed for an IPO, riding the wave of success the Supreme Court Wayfair decision has brought tax automation providers.
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Deloitte is helping its corporate clients get ready to prepare their quarterly financial statements in the midst of the novel coronavirus pandemic, as its own employees grow more accustomed to doing remote audits while working from home.
Deloitte and its clients adjust to coronavirus accounting and auditing
But they remain attractive to countries looking to countries looking to tax U.S. tech giants and to U.S. states hungry for revenue.
