The management of tax consequences associated with intercompany transactions entered by Brazilian taxpayers has been challenging since Brazil implemented local transfer pricing rules through the enactment of law 9,430/96, in force as of January 1, 2007. T...

The flight attendant’s safety speech has become so familiar and iconic that most air passengers know it by rote, and very few people ever take the time to listen to it – let alone consider if the safety measures described actually provide safe...

Transfer pricing has become the number one method of moving capital out of Africa. Multinational corporations also use this device as a favoured way to avoid taxes. When goods or products are moved from a country with a low tax rate to one with a higher t...

The majority of countries now have legislation in place governing the pricing of transactions between companies that are related. These are normally tax rules forming part of the State Administration of Taxation, but they are nevertheless based on the bas...

Accounting rules are boring, technical and understood by only a very few people. That makes them the perfect target for bankers and politicians scrambling around for a credit crunch scapegoat. It wasn’t our greed, stupidity or complacency that cause...

When a software company says it can make useful business information available “at the click of a mouse”, it always pays to be suspicious: truly valuable insights are rarely that easy to come by. But when the claim is being made by Christopher...

The regulatory burden for banks, brokers and fund managers trading in Europe is set to increase this year, as the authorities try to improve their oversight of an increasingly complex business. However, regulators must ensure there is consistency between ...

Growth in cross-border banking and the centralisation by banks of key business functions are the main market trends affecting banking supervision in Europe today. These trends create a misalignment between the legal and operational structures of cross-bor...