Insights

Distributed ledgers have grown beyond their cryptocurrency roots and the once-emerging technology is at last ready for your business to put it to work right now.

‘Culture eats strategy’ has become accepted business wisdom. But is it possible for dynamic companies to maintain their unique culture and appeal as they expand and avoid the growing pains that affect so many firms?

Automating and optimising your supply chain can help save money and facilitate growth. So could it work for your business?

While we may not have sight of what our future relationship with the EU will look like, Grant Thornton has developed Brexit Indirect Tax Impact Analysis, to help you to understand the possible Customs Duty and VAT costs posed to your business by various Brexit scenarios.

Tax affairs used to be a largely private matter between company and tax authority, with very little public disclosure beyond what was available in the report and accounts. Today, the veil of confidentiality is being stripped away.

A recent case involving a Singapore investment bank serves as a reminder of the complexity of tax planning on cross-border transactions and interpretation of tax treaties by local tax authorities.

New technology can free up tax professionals to take on a strategically influential role and generate the analytical insights and real-time information to support this. So how can a tax function take advantage of the changes ahead?

The structure of the VAT rates in China have been simplified into three brackets.

Singapore is amongst the earliest non OECD countries to adopt and consistently implement the OECD BEPS Actions. This signing of the Multilateral Convention is a further commitment towards ensuring that profits should be attributable to the jurisdiction in which the activities occur that give rise to the profits.

After twenty years of development the IASB published IFRS 17 ‘Insurance Contracts’. This new Standard replaces IFRS 4 which was published in 2004.

Family-run organisations make up two-thirds of all businesses around the world.

Business leaders across the Asia Pacific region are at their most confident in nearly two years, with optimism rising from 30% to 39% in the last three months alone. According to the Grant Thornton International Business Report.

As most of the Base Erosion and Profit Shifting (BEPS) Action Plan is made up of best practice recommendations rather than ‘red line’ requirements, it was always going to be applied electively and in different ways from country to country.

In the push to become transparent, businesses are disclosing vast swathes of information about themselves – yet many are becoming more opaque as a result.

Business leaders around the world report a strong increase in optimism heading into 2017. The findings, from Grant Thornton’s most recent quarterly global survey of 2,600 businesses in 37 economies, suggest that business leaders are putting a period of uncertainty around many major issues behind them.

Both IAS 1 ‘Presentation of Financial Statements’ and IAS 10 ‘Events after the Reporting Period’ suggest that a departure from the going concern basis is required when specified circumstances exist. Neither Standard however provides any details of an alternative basis of preparation and how it may differ from the going concern basis.