Global CPA Report Sept.‌ 28, 2016
Year-end tax planning. What's new for 2016?

Top stories
4 ways to ensure anti-corruption programmes are up-to-date
Regulators are increasingly cooperating to pursue financial crime, but multinational companies haven’t fully aligned their due diligence. Here’s how to ensure your anti-corruption procedure is up-to-date.
CGMA Magazine
 
How to get--and keep--the best administrative staff
Effective administrative professionals are vital to smooth functioning at public accounting firms of all sizes. So how do you find the best ones? Start by polishing the job description and doing your due diligence.
CPA Insider
 

Africa
Africa could benefit from digital tax payments
Tanzania’s experience shows how implementing digital tax payments could benefit other African countries through increased tax revenue, greater efficiency, and improved transparency.
All Africa
 

Americas
IRS restricts foreign tax credit splitter arrangements
Following the European Union’s order that Apple repay $14.5 billion in tax breaks, the U.S. Internal Revenue Service announced it will change its rules to ensure that U.S. multinationals repatriate earnings before claiming foreign tax credits.
The Tax Adviser
 
FASB proposes additional revenue recognition corrections
The U.S. Financial Accounting Standards Board’s efforts to clarify its new revenue recognition standard continued when the board proposed technical corrections and changes to the standard.
Journal of Accountancy
 
New path proposed for CPAs in cyber risk management
Two proposals would create guidance for management in designing and describing its cybersecurity risk management program. The proposals are also designed to introduce a new engagement that CPAs will be able to use to serve boards of directors, senior management, and others as they evaluate the effectiveness of an organization’s cybersecurity risk management program.
Journal of Accountancy
 

Asia
Indonesia seeks millions in unpaid taxes from Google
The Indonesian government is seeking to collect back taxes from Google for the past five years. The Jakarta Special Tax Office head says the 2015 bill alone could amount to $418 million.
Jakarta Post
 
India lobbies for debt ratings upgrade
The Indian Finance Ministry is trying to convince Moody’s that the new goods and services tax, lower inflation, and efforts to contain the fiscal deficit merit an upgrade in India’s debt rating.
The Economic Times
 

Oceana
Not-for-profits grapple with reporting regulations
For Australian not-for-profits, financial reporting laws were supposed to become easier to navigate starting in 2012, when the country established the Australian Charities and Not-for-profits Commission. But consensus has not yet been reached on how much regulation is too much. 
IntheBlack
 
Accountants call proposed foreign trusts law overreaching
Radio New Zealand
 

Europe
European profit-reporting rules to change
In a further crackdown on tax avoidance, the European Commission will change the rules for how companies calculate profits, instituting a common set of rules for Europe, to prevent exploitation of differences among national sets of rules, the European commissioner for economic and financial affairs announced.
The Guardian
 
Ireland could become post-Brexit gateway to EU
Many financial and professional services companies in the U.K. are planning to use Ireland as a gateway to the European Union once Britain leaves the EU, a survey suggests. 
The Irish Times
 

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