Assurance & Tax

  • Share

A renewed focus on the prevention of money laundering and fraud

A renewed focus on the prevention of money laundering and fraud
Addressing the regulatory and operational challenges associated with anti-money laundering and sanctioning programs, technology integration and fraud management continues to be top of mind for global financial institutions. Learn how to prepare your company.


Seven tax implications for banks under Dodd-Frank financial reform

Seven tax implications for banks under Dodd-Frank financial reform
While the Dodd-Frank Act recently passed by US lawmakers contains few explicit tax sections, its provisions may have significant tax implications for financial institutions. To assess the impact on your bank, loop your tax departments and tax advisors into discussions about the new law early on.



Stacks of US coins

Understanding the implications of the ‘bank bonus tax’: a Q&A
The UK Government introduced a new bank payroll tax in its 2009 Pre-Budget Report that will impact companies within the banking sector. The ‘bank bonus tax’ – a 50 percent charge on discretionary bonuses exceeding $25,000 – will apply to bonuses issued between 9 December 2009 and 5 April 2010.



Euro Bills and Coins

France adopts transfer pricing documentation requirement
Contemporaneous transfer pricing documentation is now required for French entities whose revenue or gross assets are equal to, or exceed, €400 million (US$575 million), and for French entities affiliated with an entity whose revenue or gross assets exceed that same threshold. Here are some transfer pricing changes to be aware of.



Keys in File Cabinet

Six strategies for restructuring intercompany loans
As a result of the market turmoil, large multinational enterprises are considering restructuring or renegotiating intercompany loans to repatriate cash and achieve tax efficiency. While scarcity of credit and capital means companies stand to benefit from factoring in a liquidity premium when pricing their intercompany lending transactions, loan characterization continues to be a thorny issue.