Rich people from these nations hide the most offshore wealth
Pinpointing the inequality between rich and poor is notoriously difficult because the data is so squishy, and new research shows…
Tax
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Here are the countries whose wealthy stash their riches in offshore havens
The rich use offshore tax havens when they live near Switzerland, are from a country stocked with natural resources, or…
UAE’s tax authority prepares for excise tax, VAT implementation
The board of the UAE’s Federal Tax Authority has finalised plans for the introduction of excise tax next month and…
Germany plans to file lawsuit against Kuwait on tax evasion
MP Saadoun Hammad, a member of the committee that was formed by the National Assembly to investigate the financial irregularities…
VAT could emerge a cost centre for banks irrespective of rates
Implementation of Value Added Tax in the UAE starting from January 1, 20018 will have some adverse implications for the…
Middle East M&A deal volume falls in H1 as investors escape troubled markets
A recent report issued by the auditing and consultancy firm EY found that mergers and acquisitions in the Middle East…
Andersen Global Expands Presence in Israel
Andersen Global has announced the appointment of the Regional Managing Partner for the U.S., Canada and Israel, Dan DePaoli. …
KPMG appoints A. Alnaim as managing partner in Al-Khobar
KPMG in Saudi Arabia has announced the appointment of Abdulaziz Alnaim as Managing Partner of its Al-Khobar office, in order…
VAT’s impact on UAE’s consumer price inflation will be limited
The impact of the introduction of value added tax in the UAE from January 1, 2018 on annual inflation in…
IFRS 9 to herald new era in reporting for GCC banks
Most banks in the GCC have just completed their half yearly financial reporting. However, for accountants and auditors alike,…
A call for UAE VAT compliance
Companies and individuals submitting late, incomplete or incorrect filings under the final value-added tax regulations will face penalties and other…
Yemen central bank complains to Saudi-led coalition about cash deliveries
Yemen's central bank has complained to its allies in a Saudi-led military coalition about a lack of cash deliveries needed…