Indian Finance Minister Unveiled Income Tax Code

Last fortnight, the Indian finance minister unveiled the much talked about new Income Tax code, which aims to enhance and modernize the Indian tax system, and which appears to envisage general anti-avoidance rules (otherwise known as GAAR), similar…

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Taxation Follows Recession and Fiscal Stimulus

This article from BusinessDay (South Africa) demonstrates that, like night follows day, taxation follows fiscal stimulus! Recession is taxing the mind of governments

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South African Corporate Governance Report: enhance the legal and fiduciary duties of care and skill.

SOUTH African directors should get further guidance to bring a higher level of transparency and corporate governance best practice to their companies, in light of the recommendations in the third government sponsored report on enhancing domestic corporate governance.…

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Putin’s Junior Partner Speaks Out on Russian Business

President Dmitry Medvedev ordered prosecutors to investigate Russia’s state corporations on Friday, questioning the need for the powerful institutions championed by Prime Minister Vladimir Putin.  The way forward for these state enterprises, is to remove the super-protection and…

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Amendment to the UAE Company Law

Dubai: The business community on Monday hailed an amendment to the UAE Company Law that eliminates the minimum capital requirement, allowing partners in limited liability companies (LLC) to decide how much capital is required to achieve their purposes. Amendment to…

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Obama Says Buy American Stimulus Rule Doesn’t Hurt Canada Trade

“Buy American” rules that Congress included in the U.S. economic stimulus package don’t endanger free trade with Canada, President Barack Obama said after meeting with the leaders of Canada and Mexico. Obama: Buy US does not hurt Canada

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Canada inks Panama free-trade deal

Prime Minister Stephen Harper will sign a free-trade agreement with Panama on Tuesday morning, giving Canadian business greater access to the small but fast-growing Central American economy. story.html?id=1881037

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Controlled Foreign Company – Taxation Regimes in Selected Countries

A very thorough comparitive analysis of the Controlled Foreign Company taxation regimes of: Australia, France, Germany, Italy, Japan, Netherlands, New Zealand, Sweden, United Kingdom and the United States See Report – F34-3-5-2009E.pdf

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Facebook violates Canadian privacy law

TORONTO — Canada’s privacy commissioner accused Facebook on Thursday of breaching Canadian law by keeping users’ personal information indefinitely after members close their accounts. Privacy Commissioner Jennifer Stoddart released a report that also accuses Facebook of disclosing personal…

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EC Consultation Paper on adoption of International Auditing Standards

The European Commission is considering the adoption of the International Standards on Auditing of the International Auditing and Assurance Standards Board for statutory audits required by Community law. A consultation paper addressing this is available on the EC…

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