Month: July 2019

Business leaders of the G7 countries make proposals to address key world challenges

“We operate in an increasingly complex and challenging environment both politically and economically, in Europe, and around the world. Together business and governments can deliver solutions for 21st century challenges such as global trade, climate change, digitalisation and inequalities”. This was the key message conveyed by BusinessEurope President Pierre Gattaz to French President Emmanuel Macron …

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EU explores taxation options for a digital economy

G7 Finance Ministers and Central Bank Governors (FMCBGs) met in Chantilly on July 17th and 18th, 2019. They reaffirmed the importance of their close cooperation to address the current and future economic and financial challenges and committed to work together for a more inclusive, equal and sustainable economic model. G7 France reports that considering the need to improve …

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UK Publishes Digital Services Tax Policy Paper

The UK’s revenue authority, HMRC, has published a policy paper concerning a digital services tax which will enter into force on 1 April 2020 in the UK. The tax will apply to businesses making available search engines, social media platforms or online marketplaces to UK users, including any associated online advertising of that business, with a global annual turnover over £500 million pounds and over £25 million pounds of turnover attributable to revenue derived from UK users. The …

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The future of tax

The Global Tax Advisers Platform invites you to attend the GTAP Conference to be held in Torino, Italy, on Thursday 3 October 2019 from 9am to 5pm, on the topic of “Tax and the Future”. In the 21st century, close cooperation in taxation matters is indispensable; a pre-requisite driven by increased globalisation and digitalisation. This …

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The evolution of the CFO

CFOs are playing an increasingly pivotal role in driving change in their companies. How should they balance their traditional responsibilities with the new CFO mandate? In this McKinsey episode of the Inside the Strategy Room podcast, McKinsey partner Ankur Agrawal and consultant Priyanka Prakash speak with communications director Sean Brown about how to manage the competing demands of …

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The EU chessboard after the elections

Political intelligence group Cattaneo Zanetto & Co reports that the results of the European elections of  23-26 May change the composition of the European Parliament. For the first time since 1979 (first election by universal suffrage), the two traditional groups, the European People’s Party (EPP) and the Socialists and Democrats (S&D), will not have an absolute majority. The EPP has …

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Lack of improvement in audit quality ‘disappointing’ – report

The Financial Reporting Council has made a scathing attack on the quality of UK audit in the latest 2019 Audit Quality Inspections reports, with one in four audits inspected requiring significant improvement, reports Accountancy Daily. Despite attempts to raise the standard of audit and the profession facing severe criticism over a number of high profile audit …

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European Steel Day: More proactive and assertive industrial strategy needed to tackle challenges

From Business Europe: “Europe needs a more strategic approach on industrial policy”, said Markus J. Beyrer, BusinessEurope Director General, to an audience of more than 300 guests at the European Steel Day on 26 June 2019 in Brussels at the panel on “The state of EU industry: transition in an era of geopolitical, economic and …

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