All GLG News Analyses Filed Under: Tax Issues

The actual situation of the M&A market becomes more and more diffiuclt for industrial players as the advantages and term investment of PE firms are completly disconnected from the reality. Based on their actual tax rate the PE firm can pay more betting on the selling price Financial stability is...

PWC, a international audit firm shouldn't be that easy falling into tax evation. Moscow's higher Arbitration Court  give foreign firms confidence to stay in Russia. Russia government in the background to nationalised the oil business.

Private equity deals are being probed by the Australian Tax Office. The Commissioner has signaled his key concerns in a speech intended for maximum coverage. There are some surprises, given recent Australian law changes intended to free up capital gains for non-residents of Australia.  

FIN 48 potentially throws firms' tax positions into sharp relief.  Relatively modest preemptive actions and changes in internal control can significantly blunt the extent to which firms are subject to undesired disclosure with respect to their tax positions.

Kraft goes against the grain when it comes to FIN 48: it reports a benefit from its application, not a writedown of assets.

Many companies and others are making strong arguments that the implementation of FIN 48 which modifies SFAS No. 109 be delayed. On January 17, 2007 the FASB said that implementation would not be delayed, but better guidance would be available in time for the first quarter 2007 filing date. See the following...

FIN 48  which  amends  SFAS 109  has  apparently  made  life  a  little  difficult  for  corporate  America. The  reasons  are  not  far  to  find  and  are  linked  with  the ...

The FASB received over 400 letters representing more than 1,000 companies’ concerns about implementation issues related to FASB Interpretation #48 (FIN 48).  The vast majority of the letters requested a deferral of the effective date of the new Interpretation; fiscal years beginning after December...

FASB Interpretation No. 48 ("FIN 48"), Accounting for Uncertainty in Income Taxes, is scheduled to become effective for a company's first quarter beginning after December 15, 2006 (i.e., the quarter ended 3/31/07 for calendar year companies).  The FASB announced today that it will...

FIN 48  is  the  latest  amendment  of  SFAS 109  and  requires  enhanced  disclosures  in  respect  of  untenable  tax  positions. The  amendment  has  recently  become  effective  and ...