Category: Uncategorized

TOKYO: Japan’s financial watchdog plans to seek a financial penalty on Toshiba Corp, who is currently being investigated by an independent committee over accounting irregularities, the Nikkei reported on Saturday. The Securities and Exchange Surveillance Commission (SESC) believes the company falsified financial statements and will recommend as early as September that the Financial Services Agency […]

Regulators have accused multinationals such as Apple and Starbucks of taking advantage of transfer pricing to shift their profits from units in high-tax jurisdictions to units in countries with lower tax rates, such as Singapore, to reduce their tax bills. The Organisation for Economic Co-operation and Development (OECD) has even launched an action plan to […]