Accounting & Financial Analysis News by GLG Council Members

China planning to turn its economy from a labor incentive to technology and knowledge based country but not until when the full operation of the Three Gorges Dam and the natural gas pipeline from Shizuan are completed by 2010 because the country still need fossil oil to sustain the economy.

A  number  of  companies  from America  and  other  countries  are  engaging in M&A deals in India.The  Indian  Government  and  tax  authorities  have  decided  to  look  at  the  detailed  tax  implications  of  all  such  deals. In  a  number ...

The Tribunal ruled that Rolls Royce Plc has a Permanent Establishment (PE) in India because of the existence of an Indian subsidiary which performed support services to Rolls Royce Plc.  The result is that India wishes to include 35% of Rolls Royce Plc's India sales as profit taxable in India.  This is a bad decision and one which worries me. India has grown strongly on the back of the services...

All said and done, the Apple iPhone could become a worthy competitor to Blackberry, which seems to have taken the enterprise market by storm. The iPhone is far behind now but they have made a good beginning and form the first six months or so in the market, it seems that the iPhone will get better. Would it make sense for Apple and RIMM to create an alliance?

The US has been a leader in technological advancements but has lagged behind the world when it came to implementing open systems networks. Verizon has taken a bold step in announcing that they will throw open their network for third party service providers who will then be free to deploy their own products to customers. For companies to stay and grow, opening their networks will do more good than...

In India the Authority for Advance Rulings (Authority) issues rulings on points of law and fact which play a role in determining the tax payers’ liability to tax with respect to a transaction or proposed transaction. The rulings are binding on the applicant and the income tax authorities. In a recent ruling (Triniti Corporation), the Authority ruled in a manner which would not be welcome by Vodaf...

That repository of the world’s financial wisdom has spoken.  The stock market is perhaps the only truly reliable forward looking indicator and it tells us that banks will lose money, lots of money, over the next six months (through q1 08).  The markets already value the expected impairment in bank profits over the next six months, plus a risk premium.  What is not priced, is the additional...

Temasek, the investment arm of Singapore government sold shares in Bank of China and China Construction Bank are very coincidence with the request from the three China's major banks to buy its shares in Standard & Chartered Bank.

Have we forgotten what people said when Google was planning to buy Youtube. Noone believed that they could profit from that acquisition but today Google has shown that they can make it work. Google went ahead and purchased YouTune inspite of major issues like Copyright infringement lawsuits but today have introduced various checks and balances that will keep legal hassles away. Their entry into...

Apple and Steve Jobs have always done things differently and succeeded. Bricking the iPhone does seem extreme but will not hurt Apple.