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June 12, 2017 at 02:22PM
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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA)
Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
Showing posts with label 2017 at 02:23PM. Show all posts
Showing posts with label 2017 at 02:23PM. Show all posts
Monday, June 12, 2017
Sunday, June 11, 2017
The effects of tax coordination on the tax revenue mobilization in West African Economic and Monetary Union (WAEMU)
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A main objective of the regional integration in West African Economic and Monetary Union (WAEMU) is the effective harmonization of national legislations at Community level notably tax legislation. To coordinate taxation in the zone, WAEMU Commission translates into Directives the Decisions taken by the Council of Ministers of the member states. The implementation of the Community acts by countries through tax reforms may impact on their revenue performance. This paper evaluates the impact of the Directives both in terms of coordination and revenue mobilization. It relies on a comparative case study using the synthetic control method developed by Abadie and Gardeazabal (2003) and extended by Abadie, Diamond, and Hainmueller (2010 & 2015). The main results are that the tax coordination affected the revenue mobilization in the Union but the impact is different across countries.
June 11, 2017 at 02:14PM
from Maïmouna DIAKITE
The effect of corporate taxes on investment: Evidence from the Colombian firms
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The paper assesses the role of taxes on investment in Colombian firms. The analysis is carried out at the firm level for the period 2003-2014. During this period, the national government set five different tax reforms, including changes in the statutory tax rates, tax credits and incentives for corporate investment. The effect of corporate taxation on investment is estimated by first determining the impact of taxation on the cost of capital by computing the effective marginal tax rates (EMTRs) at firm level. Then, we estimate the impact of the cost of capital on investment through a panel data regression. Endogeneity is controlled by an instrumental variable approach, simulating post-reform effective marginal tax rates under pre-reform firm characteristics. Results are robust with different control variables, although some significant differences by size and economic sector of the firm are found. Classification JEL: H32, H25, C23, D22
June 11, 2017 at 02:14PM
from Ligia Alba Melo-Becerra
IFRS Goodwill Impairment Test – Audit Approach, Earnings Management, and Capital Market Perception
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This dissertation addresses the goodwill impairment test under IFRS, which prescribes that goodwill is not amortized and instead tested for impairment at least once a year. The objective of introducing this impairment-only approach in 2004 was to provide more useful information to financial statement users. The dissertation is thereforemotivated by the ongoing debate on the decision usefulness and reliability of goodwill impairment tests, as the IASB’s recent post-implementation review on business combinations shows, and the high practical relevance of this topic for firms, auditors, enforcement institutions, and regulators. Against this background, the dissertation (1) sets forth and critically discusses the accounting requirements for goodwill, (2) develops an audit approach for goodwill impairment tests, (3) empirically assesses whether goodwill impairment tests are used as a device for earnings management, and (4) performs two empirical studies to analyze how goodwill impairments are perceived by capital market participants. Based on the requirements of international and German auditing standards and the author’s practical audit experience, a risk-based audit approach is developed that outlines the different audit steps necessary to verify the reasonableness of goodwill impairment tests including practical application guidance for auditors. Using a sample of German listed firms for the periods 2006 to 2013, the main findings of the three empirical studies are that (1) the likelihood to recognize goodwill impairments and the magnitude of impairment losses are influenced by earnings management incentives, (2) investors perceive goodwill impairments as value relevant, but not timely recognized, and (3) the announcement of goodwill impairments leads to a negative capital market reaction, but the reaction is considerably smaller than the goodwill amount written off. Moreover, the perceived timeliness of goodwill impairments is shown to be influenced by auditor characteristics, which serve as a proxy for perceived audit quality. Overall, the empirical results therefore indicate that the concept of impairment testing might generally have merits in reflecting the economic value and consumption of goodwill, but that current accounting requirements might not be sufficient to ensure a rigorous impairment test providing adequate decision useful information. Hence, improvements of the current approach or the implementation of a different approach, e.g. based on certain amortization requirements with indication-based impairment testing, should be discussed.
June 11, 2017 at 02:14PM
from Albersmann, Benjamin T.
Wednesday, June 7, 2017
India’s Startups Are Already Doing Their Part To Battle Climate Change In These 3 Key Areas
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In fight against climate change, startups and entrepreneurs are stepping up with innovative solutions to reduce green house gases and pollution in Indian cities and rural areas.
June 07, 2017 at 02:22PM
from Karan Kashyap, Contributor
Ex-Facebook Techie Scores $28M Investment For Europe’s First Money Messaging App Plynk
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Plynk, touted as Europe’s first money messaging app and an Irish start-up, has attracted €25 million (c.$28.2m) of investment through a ‘Series A’ fund raise from a private investment trust for expansion. In so doing it becomes the largest Series A raise for a software firm for an Irish company.
June 07, 2017 at 02:22PM
from Roger Aitken, Contributor
Spanish bank on the brink of failure is snapped up by larger rival for a euro
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Spain’s Banco Popular is facing a cash crunch, said the ECB on Wednesday, unveiling the lender’s buyout by Santander.
June 07, 2017 at 02:10PM
from
Santander buys Banco Popular to carry out 7 billion-euro capital raise
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Aberdeen Asset Management CEO Martin Gilbert comments on the takeover news surrounding Santander and Banco Popular. Added comment on Standard Life.
June 07, 2017 at 02:10PM
from
Nikkei falls in thin trade before British election, Comey testimony
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June 07, 2017 at 01:51PM
from
Farmers in Madhya Pradesh step up strike after six die in firing
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MUMBAI (Reuters) – Farmers on Wednesday stepped up their agitation in Madhya Pradesh after six were shot dead in clashes the previous day, forcing the authorities to impose a curfew in some areas.
June 07, 2017 at 02:13PM
from
Yes Bank gets shareholders’ nod to raise Rs20,000 crore
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June 07, 2017 at 02:11PM
from PTI
Sunday, June 4, 2017
The 12 UK banks with the best public reputation
Financial institutions in the UK have taken a reputational beating in the years since the financial crisis, with trust in bankers and their employers hitting rock bottom among the general public after billions of pounds of bailouts and accusations of widespread misconduct in the pre-crisis years.
Nearly 10 years on from the beginning of the crisis, Britain’s banks are starting to fix their tarnished reputations and regain public trust.
Some lenders are doing better than others, however. A new study from the Reputation Institute gives all of the UK’s top retail banking players a score out of 100.
Scores are calculated by looking at what it calls “seven key rational dimensions of reputation.” These are: products and services, innovation, workplace, governance, citizenship, leadership, and performance.
“The impact from reputation on the business is massive, which is why the leading companies in the world are managing this asset in a systematic way,” James Bickford, the managing director of the institute says in a press release.
Here’s how the major banks rank:
12. RBS — 51.7: Subject to the biggest government bailout during the financial crisis, and still under partial state ownership, RBS has struggled to regain its reputation since 2008. It has, however, seen its reputation increase since last year, the report says.
11. TSB — 60.6: Spun out from the bailed-out Lloyds TSB in 2013, TSB actually drops one place from 10th this year, but its reputation score has increased from 59.7 in 2016.
10. HSBC — 62.6: Europe’s biggest bank by total assets, HSBC is a truly global bank, but calls the UK home. HSBC turned down government assistance during the financial crisis. It’s reputation score increases from 62.1 in 2016.
See the rest of the story at Business Insider
June 04, 2017 at 02:17PM
from Will Martin
Putin praises Trump, says U.S. spies may have faked hacking evidence
June 04, 2017 at 02:13PM
from
Thursday, June 1, 2017
*UK May CIPS/Markit Factory PMI 56.7 Vs. 57.3 In Apr, Consensus 56.5
UK May CIPS/Markit Factory PMI 56.7 Vs. 57.3 In Apr, Consensus 56.5
The material has been provided by InstaForex Company – www.instaforex.com
June 01, 2017 at 02:14PM
from
Lebanon’s banks advance with caution despite impressive results
The environment in which Lebanon’s banks have been operating has been challenging, meaning that despite their steady growth a backdrop of uncertainty is influencing policy. And they are also having to contend with a public backlash regarding profits from a central bank swap offer, writes Edward Russell-Walling.
June 01, 2017 at 01:30PM
from Edward Russell-Walling
China’s Li says We have moved Towards What Car Companies Wanted
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CHINA’S LI SAYS WE HAVE MOVED TOWARDS WHAT CAR COMPANIES WANTED
The material has been provided by InstaForex Company – www.instaforex.com
June 01, 2017 at 02:14PM
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