PwC’s 2014 global treasury survey looks at how, in the years following the financial crisis, treasury teams have increased their impact across the organisation. The survey findings support the need for redefining ‘treasury’ as an enterprise wide process and no longer as a department, in line with those from a similar survey embarked on earlier this year that focused on Corporate Treasuries in Asia
Landmark analysis report titled Towards more relevant reporting finds that annual reports of many companies in Singapore already have some components required by the Integrated Reporting (<IR>) framework such as information about strategy, business model and risks, but they would need to link these elements better to holistically communicate a more relevant value creation story to stakeholders.
PwC has published 'Worldwide Tax Summaries - Corporate Taxes 2014/15,' its latest compendium of worldwide corporate tax rates and rules. The guide features over 150 country summaries,including key information on income taxes, residency, income determination, deductions, group taxation, credits and incentives, withholding taxes, indirect taxes, and tax administration.
The BEPS project marks the most significant change to international tax in modern times. Today's announcements will have a big impact on global companies, whether through greater compliance demands or impacting how they are structured. Despite many expecting the proposals to be watered down to achieve consensus, the first part of the OECD's ambitious package has been delivered on time and intact.
Economic crime against businesses continues to rise globally. Some 24% of Singapore respondents say they have been victims of economic crime, according to the Singapore edition of PwC's 2014 Global Economic Crime Survey. 80% of Singapore-based companies experiencing economic crime encountered asset misappropriation, 15% fell victim to cybercrime and 15% experienced bribery and corruption.
