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02 Mar 2009
US Corporate tax avoidance will face increased scrutiny under plans by president Barack Obama.
The president is proposing that his first budget in 2010 will introduce anti-tax avoidance measures aimed at cutting loopholes that allow business to avoid tax payments domestically and abroad, according to Tax-News.com.
The US Treasury is looking to cut its tax gap of $300bn, and the taxman has already flagged up transfer pricing, withholding taxes and hybrid entities as areas it would focus on in terms of compliance.
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Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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