Новости

Russian companies pay low dividends

Indeed, with increased activity of the Russia’s citizens investing into shares of Russian companies, the question of dividends has become most relevant. Taking into account the potential of the whole Russia’s market for shares (the fact that has recently become obvious to both national and foreign analysts), it’s no surprise this question is raised more and more frequently.

SEC Advisory Committee Makes Recommendations to Improve Financial Reporting For Investors

On August 1, Securities and Exchange Commission Chairman Christopher Cox received the final report of an SEC advisory committee containing 25 recommendations to make financial information more useful and understandable to investors.

New approaches to prevent insider trading

The US Securities and Exchange Commission (SEC) is about to get tougher on market regulation. A new project will be discussed till the end of this week – the one on a new type of relations between the Commission and other regulators.

Minfin changed taxation

Changes in taxation concerning wages of companies’ directors are provided by a set of amendments to the Internal Revenue Code introduced by the Ministry of Finance. Those are coming info force starting from the next year.

BAS Publishes Conceptual Framework

As part of its project for developing a new structure for actuarial standards, the Board for Actuarial Standards has today published its conceptual framework.

FRRP revises operating procedures

The Financial Reporting Review Panel (FRRP) has published revised operating procedures that aim to improve the transparency of the processes through which it conducts its enquiries.

CB fights with inflation by increasing normative standards. Again

The Bank of Russia promised to increase normative standards for required reserves starting from September 1 2008. Reserve requirements for liabilities to non-residential banks are to be increased by 1.5%, and for all other normative standards – by 0.5%. This is the way the CB is trying to stop inflation this year. However, as experts predict, the effect is will follow in 2009, no sooner.

Putin delays the meeting on VAT lowering

The Ministry for Economic Development presented its calculations on possible results of VAT lowering as promised. To remind you, the authority proposes to keep it at 12% starting from 2010 – says its deputy chairperson Stanislav Voskresensky. Initially, two possibilities were discussed – either keeping it at the level of 12-13%, or lowering it from the current 20% to 14-15%, but with a preferred rate equal to 10%.

US delays accounting changes

Banks have been given a one-year reprieve by US accounting standard-setters from having to take up to $5,000bn (£2,520bn) of debt assets on to their balance sheets, easing fears that they would be forced to raise large amounts of new capital quickly.

GASB Issues a Request for Response on Proposed Suggested Guidelines for Voluntary Reporting of SEA Performance Information

The purpose of this document is to obtain feedback from constituents at an early stage of the Board’s project to develop guidelines to assist state and local governments that voluntarily choose to report on their service efforts and accomplishments (SEA).