(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Tax

Professional conduct in relation to taxation (PCRT)

PCRT sets out the principles and standards of behaviour that all members, affiliates and students must follow in their tax work. The latest version came into effect on 1 March 2017 and has now been republished in a new digital format designed to make it easier to navigate than the existing paper version. First published… Read More Professional conduct in relation to taxation (PCRT)

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Tax

Building a statutory transfer pricing regime

The Inland Revenue (Amendment) (No.6) Bill 2017, which relates to Hong Kong’s commitment to implementing BEPS action 13, caused a stir in the accounting profession. The Institute’s tax experts tell Nicky Burridge how certain aspects of the new bill go beyond what was expected yet include positive signs of Hong Kong’s determination to step up… Read More Building a statutory transfer pricing regime

(c) Chartered Professional Accountants of Canada. Contact CPA Canada for permission to reproduce this article., Tax

Should we tax robots?

by David Descôteaux A robot tax could ensure governments don’t lose revenue and workers don’t become obsolete. But is this idea even desirable or even practicable? In 2017, as thousands of US retail workers lost their jobs, Amazon acquired 75,000 robots. According to news outlet Quartz, the company is investing so heavily in robotics that machines may… Read More Should we tax robots?

(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Tax

The right way to declare and pay dividends

By Philip McNeill, Head of Taxation (Tax Practice and Owner Managed Business Taxes) There’s a right way to declare and pay dividends. Getting it wrong can have serious consequences – particularly for close company clients, but potentially for advisers as well, explains Philip McNeill. Back to basics Dividends are not dividends unless they are properly… Read More The right way to declare and pay dividends

(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Practice Management, Tax

Growth, development and accounting: seeing the bigger picture

The Faculty has published its latest thought leadership report: Growth, development and accounting: seeing the bigger picture. This report examines the role of accounting in promoting economic growth and development. We consider the ways in which it does so by contributing to: the quality of management decisions, the volume and quality of investment, and the… Read More Growth, development and accounting: seeing the bigger picture