Новости

Russian accounts in Switzerland will be disclosed as well

Before the end of the week Russia and Switzerland will sign an agreement similar to the one which was not long ago signed between Switzerland and Great Britain. Russians trying to avoid taxes will be targeted by financial inspectors.

Italy’s sovereign rating downgraded

The international credit rating agency Standard & Poor’s (S&P) downgraded yet another country’s sovereign rating – this time Italy, from A+ to A. The agency took into account not high enough recovery rates of the economy and significant debt pressure.

New Goodwill Impairment Standard Leaves Questions

The new goodwill impairment testing standard may give companies more options and flexibility, but it also leaves some questions unanswered, according to one expert.

Greece to hold a referendum on possible exit from the euro zone

Greek government is considering possibility of a public referendum on whether or not the country should stay in the euro zone or leave it. Results of it may give the government additional public trust to allow it to proceed with further tightening of the budgetary policy. Or may not.

Russian translations of new and revised standards

The IFRS Foundation has announced the publication of translations of six new and revised standards into Russian.

Use of Options within the Accounting Directives

The European Commission services have published a report on the responses received to the consultation of accounting regulatory committee members on the use of options within the European Accounting Directives.

Plans to introduce new tax on financial transactions in Europe

European finance ministers held a meeting in Wroclaw (Poland) where they discussed plans for introduction of a new tax on financial transactions in the euro zone. The European Commission will issue its official proposals this autumn.

Obama plans to raise money to the budget from rich Americans’ pockets

US president Barack Obama announced during his weekly speech that in order to decrease budget deficit, Americans would have to pay taxes “fairly”. The announcement came together with other amendments to taxation of rich people which will soon be discussed by the Congress.

Ernst & Young Baku and Azerbaijan State Economic University launch accounting course

Ernst & Young’s Baku office and Azerbaijan State Economic University (ASEU) have commenced the sixth year of its intermediate accounting course for the ASEU Special Talented Group (STG).

India exposes consolidation, joint arrangement and disclosure standards for comment

The Institute of Chartered Accountants in India (ICAI) has published a number of exposure drafts which propose to adopt Indian Accounting Standard (Ind-AS) equivalents to the package of five standards on consolidation, joint arrangements and disclosures issued by the IASB in May 2011.