Switzerland refuses to provide any more support to other countries claiming that their citizens used to hide their funds from taxation with accounts in Swiss banks if that information comes from stolen databases or other not-so-legal resources.
At the banking conference in Sochi the Ministry’s for Economic Development representative Anna Popova informed that a new section would soon be added to the Arbitration Procedure Code to introduce a separate financial court into practice.
Tax deferments will become an easier task in Russia as the Ministry for Economic Development has prepared its draft order to define formal methodology for analysis of companies’ financial position by tax services.
The Securities and Exchange Commission issued a report cautioning credit rating agencies about deceptive ratings conduct and the importance of sufficient internal controls over the policies, procedures, and methodologies the firms use to determine credit ratings.
US President Barack Obama’s chief economic adviser Paul Volcker has expressed fears the American fair-value proposal may be heading in the wrong direction, in an interview with Forbes.com last month.
The head of the international accounting rule maker said he has little sympathy for complaints on the surge of draft accounting standards being rolled out to meet the June 2011 convergence deadline.
The Financial Accounting Standards Board (FASB) has issued an Exposure Draft of a proposed Accounting Standards Update (Update) intended to increase transparency in financial reporting about entities that participate in multiemployer pension and other postretirement benefit plans.
The Ministry of Finance of the Russian Federation prepared amendments to the Internal Revenue Code to provide more favorable conditions for companies engaged into innovative business operations.
Large business in Russia and the Association of Regional Banks want to compare Russian companies’ credit ratings issued by different credit rating agencies.
