By Jeffrey A. Ford, Grossman Yanak & Ford LLP
The FASB ASU 2016-09, Improvements to Share-Based Payment Accounting, simplified several aspects of accounting for share-based payment awards (SPAs) to employees. Here, we focus on those simplifications related to forfeitures, excess tax benefits and tax deficiencies, statement of cash flows classification, and practical expedients for non-public companies. This guidance does not apply to awards to nonemployees.
By Dr Sergio Finulli, COMMA 10
Italy has recently adjusted the tax legislation for companies which transfer their headquarters from Italy to a foreign country (exit tax) and for foreign companies which move to Italy.
By Shafiqul Alam and Mushfiqur Rahman, Ahmed Zaker & Co. Chartered Accountants
Investing in the capital market (i.e., share market) has some inherent risks. However, what if such investments helped reduce one’s tax burden in addition to creating gains from stock trading? The Bangladeshi Government has set its taxation policies in such a way that everyone is encouraged to invest in shares and maybe achieve just that.
By Steve McCrindle, Haines Watts
“Civil” tax fraud investigations by HM Revenue & Customs (HMRC) are categorised as Code of Practice 8, for which the punishment is a financial penalty (or penalties).
By Angela Cordasco, Loconte & Partners
In Italy, as a general rule, income generated by “transparent” trusts (trusts with appointed beneficiaries) is attributed to the beneficiaries regardless of its distribution for tax purposes and trust beneficiaries are taxed directly on their share of the trust’s income.