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corporate governance News

UK To Fast-Track New Tax Evasion Offense

by Robert Lee,, London

Wednesday, April 13, 2016

The UK Government will bring forward plans to introduce a new criminal offense for companies that fail to prevent their staff from facilitating tax evasion. Read Full Story


SARS Issues Revised List Of Reportable Tax Arrangements

by Lorys Charalambous,, Cyprus

Friday, February 5, 2016

On February 3, the South African Revenue Service issued a Public Notice providing a revised list of all reportable tax arrangements under the Tax Administration Act, 2011. Read Full Story


Australian Tax Board Releases MNE Tax Transparency Code

by Mary Swire,, Hong Kong

Tuesday, December 15, 2015

On December 11, 2015, the Australian Board of Taxation released for public comment a discussion paper on a new voluntary tax transparency code for multinational corporations. Read Full Story


FRC Consults On Changes To UK Audit Rules

by Robert Lee,, London

Monday, October 5, 2015

The UK's Financial Reporting Council has published a consultation on proposed revisions to Ethical and Auditing Standards, the UK Corporate Governance Code, and the Guidance on Audit Committees. Read Full Story


South Africa Guides On Corporate Residency

by Lorys Charalambous,, Cyprus

Thursday, April 16, 2015

The South African Revenue Service has issued a revised draft interpretation note that discusses the principles and guidelines for considering the "place of effective management" in determining the tax residence of a company. Read Full Story


UK FRC Welcomes Success Of Extended Auditor Reports

by Robert Lee,, London

Thursday, March 5, 2015

The UK's Financial Reporting Council has reported a positive uptake of new rules that brought about the introduction of extended auditor reports, with many auditors said to have made radical changes that went beyond the requirements. Read Full Story


UK Directors Release Tax Policy Proposals

by Jason Gorringe,, London

Monday, February 2, 2015

Ahead of the general election in the UK, the Institute of Directors has released a new policy paper on its Priorities for Tax Reforms. Read Full Story


OECD Report Examines India's Related Party Norms

by Ulrika Lomas,, Brussels

Thursday, August 28, 2014

On August 11, 2014, the Organization for Economic Cooperation and Development released a report setting out the findings of an OECD policy dialogue with Indian stakeholders on policies to improve the monitoring and prevention of abusive related party transactions in India. Read Full Story


Japan's Tax Agency Issues Its 2013 Report

by Mary Swire,, Hong Kong

Tuesday, October 29, 2013

In his foreword to its 2013 Annual Report, Mitsutaka Inagaki, Commissioner of Japan's National Tax Agency has noted the steps it has taken to improve tax filing and payment methods, its response to large cases of fraud, and its promotion of treaty-based information exchange to cope with international tax-avoidance cases. Read Full Story


Singapore Looks To Improve Corporate Accounting Standards

by Mary Swire,, Hong Kong

Thursday, August 15, 2013

Discussions on how to improve the quality of corporate financial reporting in Singapore, and how to get companies to take greater ownership of it, have been the key focus of the recent 8th Public Accountants Conference, organized by the Accounting and Corporate Regulatory Authority. Read Full Story



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