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India Wants Global-Scale Accounting Firms. The Regulatory Framework May Be About to Change
India has thousands of chartered accountancy firms, a large professional talent pool and one of the world’s biggest corporate markets. What it…
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Australia Finalises Software Royalty Ruling and Introduces New ATO Risk Framework
The Australian Taxation Office has finalised its position on the treatment of cross-border software payments, issuing Taxation…
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KPMG Australia Reportedly Plans 500 Job Cuts as Tax Division Is Spared
KPMG Australia is reportedly preparing for a significant restructuring that could affect around 500 roles, as the…
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South Korea’s 2026 Tax Revision Bill: Strategic Investment Incentives Meet Major Property Tax Reform
South Korea has unveiled a wide-ranging 2026 Tax Revision Bill, combining new incentives for strategic industries and…
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China’s Offshore Trust Tax Shake-Up Puts Private Wealth Structures Under Pressure
China’s new tax rules for offshore trusts are sending a clear message to wealthy families with assets…
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All Big Four Firms Under Investigation in Australia as ASIC Expands Audit Oversight
Australia’s audit profession is facing heightened regulatory attention after the Australian Securities and Investments Commission (ASIC) widened…
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KPMG Australia Chairman and Senior Audit Partners Exit Amid Expanding Audit Scandal
Leadership Changes Continue at KPMG Australia KPMG Australia has announced that Chairman Martin Sheppard and senior audit…
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Australia Revises Capital Gains Tax Plans with Expanded Relief for Small Businesses and Startups
The Australian government has announced a series of proposed modifications to its planned capital gains tax reforms,…
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KPMG Pauses New Australian Government Work Amid Whistleblower Fallout
KPMG Agrees to Pause New Government Work KPMG Australia has effectively been sidelined from securing new Australian…
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KPMG Scandal Deepens as Clients Reassess Ties and Governments Review Contracts
Trust is the currency of the audit profession. Once questioned, even decades-long relationships can unravel quickly. That…
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Big Four Ethics in the Spotlight: ASIC Launches Formal Investigation Into KPMG Partners
Australia’s corporate regulator has launched a formal investigation into three KPMG Australia partners following allegations that confidential…
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KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Investigation Over Client Information Misuse
KPMG Australia is facing renewed scrutiny after Chief Executive Officer Andrew Yates announced his immediate resignation amid…
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Australia’s 2026 Budget Could Make Startups the Unexpected Losers of Tax Reform
Australia’s 2026 Federal Budget was meant to tackle housing affordability and rebalance the tax system. Instead, it…
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Singapore’s 2026 Deadline Signals the Beginning of Real-Time Tax Reporting
April 1, 2026 Marks the First Mandatory Step Toward GST Digitalization From 1 April 2026, Singapore begins…
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KPMG Announces Major Global Restructuring
The overhaul will reduce the number of the firm’s “economic units” to 32
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Pillar One Amount B: Key Update on Marketing and Distribution Activities
Jurisdictions can adopt OECD’s Latest Guidelines on the Amount B approach for relevant transactions starting from fiscal…
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India Unveils Union Budget 2025 with Tax Reforms reinforcing ambition to become a global investment and financial hub
New Income Tax Bill on the horizon, push for certainty and economic expansion, focus on manufacturing incentives…
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U.S. Announces New Tariffs on Canada, Mexico, and China
President Trump issued Executive Orders imposing new tariffs on imports from Canada, Mexico, and China, effective February…
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China’s 2025 Business Climate Survey Highlights Shifting Sentiments Among US Companies in China
As US and Chinese companies prepare for the potential impact of President Trump’s protectionist trade policies, uncertainty…
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Overview of China’s Value-Added Tax (VAT) Law
VAT Law is Available to Download in English Here!
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China’s New VAT Law is Set to Take Effect January 1, 2026
Adopted end of December 2024, it aims aligning China´s VAT system closer to international standards
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US Tightens Controls to Restrict China’s Access to Advanced Semiconductor Technology
Strategic export controls to “address national security threats”
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China´s New Export Control Regulations
Overview of the New Regulations on Export Control of Dual-Use Items
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Australian Parliamentary Committee´s Report Recommends Limiting partnerships to 400 partners, PwC Australia to be barred from tendering for government contracts
Report on Ethics and Accountability in the Audit and Consultancy Sector contains numerous recommendations post PWC Australia…
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Australia: Insights on Tax Settlements and Compliance in 2023–24 for Public and Multinational Businesses
Litigation resulted in favorable outcome for ATO in 53% of cases, Settlements involving income tax and transfer…
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China’s $1.4 Trillion Debt Plan and Trump’s Return
China’s Economic Stimulus Amid Rising Global Tensions
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Australia: Changes to Country-by-Country Local File Reporting
Effective from 1 January 2025, most significant change to CbC reporting to-date
