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Nexia Global Insight July

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Financial Reporting
US sounds out new IFRS approach
Financial Reporting The latest development in the US approach to international financial reporting will have far-reaching implications for businesses around the world. Globalisation and the need to better compare financial statements have resulted in every major capital market moving towards international financial reporting standards (IFRS) – with the exception of the US. Yet businesses in the US do not operate in silos. There are over 2,200 US multinational parent companies with majority interests in foreign entities. These companies have around 24,000 foreign affiliates, each of which may have to report in their home country using local Generally Accepted Accounting Principles (GAAP) or IFRS. Similarly the 9,000 entities around the world that own...

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Inward Investment
Privatisation auctions are great chance to buy into Polish companies
Inward Investment Investors looking to Poland's booming economy should take note of the country's privatisation auctions. The Polish government's programme of privatisation has been an important tool in the country's rapid development and reconstruction since the beginning of political and economic transformation in 1990. Successful privatisations in many industry sectors have given foreign investors access to the Polish consumer and manufacturing markets. Successes Encouraged by such successes, the Polish government is mid-way through a programme to privatise 802 companies by the end of 2011. The treasury auctions represent an efficient, fast and potentially...

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Capital Markets
London calling: why overseas companies join AIM
Captial Markets AIM – London's Alternative Investment Market – continues to attract smaller and medium-sized international companies, with around one-fifth of the close to 1,100 companies listed on it coming from outside the UK. AIM was launched in 1995 by the London Stock Exchange (LSE) to provide a second-tier alternative for smaller...

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Asia Pacific
China growth trend looks set to continue
Asia Pacific As we move through the Year of the Rabbit, it is clear that last year's dramatic growth in China's economy is likely to continue this year and in years to come. Even as the global economic downturn left many countries experiencing questionable recoveries, China's 2010 gross domestic product (GDP) growth...

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Financial Reporting
IFRS for SMEs - slow road to adoption
Financial Reporting The introduction of a set of international financial reporting standards (IFRS) designed specifically for small and medium-sized enterprises (SMEs)...

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North Africa
Will Jasmine Revolution lead business evolution
North Africa The economy was one of the big causes of the so-called Jasmine Revolution in Tunisia, so what's the future...

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Taxation
VAT needs international rules of the game
Taxation Imagine the next football World Cup with each of the qualifying national teams playing to slightly different rules. Imagine the...

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Taxation
Nexia updates definitive guide to international tax
Taxation Nexia updates definitive guide to international tax Nexia International has published a new edition of its indispensable, one-stop global tax guide. The...

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