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Global reductions in tax compliance burden

Electronic tax filing and payments were the most common tax reforms undertaken by countries worldwide during the past year, according to the latest edition of the Paying Taxes report from the World Bank Group and PwC. As a result, paying taxes became easier for medium sized companies globally, but the focus has moved from reducing tax rates for companies to embracing technology and relieving their compliance burden. The report also shows that low-income economies continue to face the biggest reform challenges.

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New tax landscape places major burdens on companies

An expanding compliance burden, more audits and the potential for increased and double taxation – those are the challenges facing companies due to the rapidly evolving global tax landscape, according to PwC’s new report. The analysis explores predictions relating to global tax legislation and regulation, as well as risk management and how legislative and regulatory change will mandate transformation.

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European banks dispose of unwanted loan portfolios at record rate

European banks are disposing of their unwanted portfolios at a record rate. As well as increased volumes, higher prices are being driven by continued demand from investors and favourable debt markets allowing investors to leverage many transactions. In the first half of this year, transactions have been completed for portfolios with a face value of around €55 billion, an increase of 20% on the same period in 2014.

The analysis shows that banks continue to hold around €2 trillion of unwanted loans which means that the supply of loan portfolios into the market won’t dry up anytime soon.

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Seminars in finance & accounting, tax & legal and internal audit & controlling 

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4th Hungarian CEO SURVEY

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PwC Hungary in a striking new office building

PwC Hungary has moved into Eiffel Palace