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The Australian Government has launched a consultation on how to improve transparency surrounding the beneficial ownership of companies. Read Full Story
The Irish Finance Ministry has issued guidance on a new EU anti-money laundering regulation on the reporting of beneficial ownership information. Read Full Story
Canada's personal income tax expenditures disproportionately benefit the top 50 percent of income earners, according to a new report by the Canadian Centre for Policy Alternatives. Read Full Story
The Australian Taxation Office has announced that ancillary funds registered as charities will only need to submit their annual return to one government agency. Read Full Story
Greek tax revenues fell short of their target for July 2016, but tax receipts have been higher than 2015 levels. Read Full Story
The American Institute of Certified Public Accountants has provided recommendations regarding the proposed regulations to establish the certification of Professional Employer Organizations, in a letter to the US Internal Revenue Service dated August 16. Read Full Story
The IASB, responsible for International Financial Reporting Standards, and the IFRS Foundation that oversees its work, have estimated that more than 25,000 of the approximately 48,000 domestic listed companies on the 85 major securities exchanges in the world use its accounting standards. Read Full Story
On June 30, 2016, the Internal Revenue Service issued final regulations in the Federal Register to require annual country-by-country reporting by the ultimate parent entities of US multinational enterprise groups that have annual revenues in their preceding annual accounting periods of USD850m or more. Read Full Story
US Senator Bernard Sanders and three of his colleagues have urged the Government to further strengthen the proposed country-by-country reporting regulations by providing public access to the reported data. Read Full Story
The Philippines Department of Finance has tabled before the Congress a slew of amendments aimed at further strengthening the country's anti-money laundering and bank secrecy laws. Read Full Story
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