General Motors has announced a $39bn charge in its third quarter results to
remove net deferred tax assets from its books.
The Detroit-based company said that the charge, which affects the automaker’s
businesses in the US, Germany and Canada, would not impact operations or
The hit on the books is the largest at GM so far, which has encountered a
string of accounting irregularities since 2005.
GM’s third quarter results, which are set to be reported today, are likely to
show significant red ink, the
York Times reported.
Does Darwin's theory apply to taxation? Colin ponders...
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group