I received a seasonal press release from KPMG this morning. It said:
Under an innovative new agreement announced today, KPMG staff in the UK who use the firm’s American Express Corporate Card to pay for their business expenses will be helping to raise funds for KPMG’s charity of the year, currently Help the Hospices.
Under the agreement, [...]
KPMG have issued a report saying:
Cyprus, Ireland, and Switzerland are the top three countries in a league table of European tax systems, compiled by KPMG International, in which major business organizations across Europe assessed the attractiveness of their domestic tax regimes.
This was based on:
more than 400 interviews of tax professionals in multinational companies across Europe. [...]
Accountancy Age has reported that:
Sir Mike Rake has been given the high-profile task of policing the new code of conduct for private equity firms that will be released by Sir David Walker tomorrow.
The code is aimed at making the buy-out industry more open and transparent. According to the Times, it is a voluntary code that [...]
An organisation called Fulcrum (unrelated to the firm of accountants of that name in which I am a practitioner) has reported the following results of the American PCOAB reviews of Big 4 audits in the USA:
Sobering, isn’t it?
Why is it that the accountancy profession tolerates these people?
That’s the question I keep asking. I wish I [...]
Ken Griffin, one of Ireland’s best journalists, had an article in the Sunday Tribune this weekend looking at the tax affairs of two Adobe companies based in the Republic:
US SOFTWARE company Adobe’s two Irish subsidiaries had a combined turnover of $2.6bn ( 1.83bn) last year yet paid just $5m ( 3.5m) in Irish corporation tax, [...]
I noted recently one of the absurd claims made by KPMG in their recent report on tax and CSR.
There are more. Take this from paragraph 6.3:
Secondly, unlike most business arrangements, the payment of tax and the quantum of the liability are to a large extent not matters of choice. There may be circumstances where tax [...]
I’ve been giving the recent KPMG paper on tax and CSR a more thorough read. It’s made me think a lot, but as usual with KPMG publications my thoughts have flowed along two themes.
The first is what it does not say, on which there’s enough to write a small book. I might just get around [...]
KPMG has published another report on tax and CSR. I’m not pretending that this is a full review of that paper, which I received yesterday, but it is an initial reaction.
I have to be candid and think this paper is little better than KPMG’s previous attempts at this. True, this paper tries to be balanced, [...]
The was an article in the Polish press yesterday with the title:
Poland’s progressive tax system could alienate investors
As the story said:
Finance experts and business people are pointing out that Poland is surrounded by countries with low, flat tax rates. If Polish governments refuse to grasp the nettle and lower tax, investment might just head abroad.
The [...]
