With China officially on the lookout for egregious tax evasion by multinational companies, you should ask yourself: "Is your transfer pricing policy fair?"
The US Securities and Exchange Commission issues final extension on China audit ban; The Reserve Bank of India allows infrastructure refinance; and the Russian Finance Ministry orders moves to IFRS accounting standards.
Dec 16, 2014
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When banks lacked sufficient coinage to stock Carrefour China’s registries for the festive season, the company had to seek help from temples and bus companies for their retail cash needs.
The Reserve Bank of India issued guidelines for its new receivables discounting system; Russia passes laws protecting in-country financial services, such as auditing; Thailand's issues new capital registration rules.
China will institute a profit monitoring system designed to detect multinational tax evasion, after announcing a back tax penalty on an MNC. Treasurers need to wary of China profit margins.