Link: Offshoring to benefit UK
The study showed that, of those considering relocating operations overseas, 20% would look to move their accounting work elsewhere, while 26% would consider other financial back office off-shoring.
These figures put the finance function ahead of other services often considered more likely to be sent abroad, such as call centres and R&D.
Of those already off-shoring some activities, 9% have done so with accounts and 16% with other finance functions. A glimmer of hope comes from the fact that roughly a quarter of those asked would definitely not consider off-shoring either of these activities.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements