TIAG Member, Studio Rock in Milan, Italy is working on a free online dictionary to help business professionals understand auditing and accounting terms in various languages.
TAG Alliances 2013 Annual Review - People. Places. Purpose.TIAG_Alliance
PEOPLE. PLACES. PURPOSE.
Common words with uncommon meaning but with everyday impact on the TAG Alliances. Each describes and defines what we and our members are about, whom we serve and how businesses around the world benefit.
In the pages that follow we will, in our words and in the words of our members, give some substance to this theme, supported by some examples of these words as they have been applied in practice. We think that People, Places, and Purpose, in words and deed, shine a light on our activity during 2013. We also hope that this Annual Review will not only show us where we were in 2013 but will also provide an indication of what we can all look forward to in 2014 and beyond.
Our Annual Review, to state it in words most common to our TIAG® members, is both a balance sheet that shows where we were at year-end and a statement that recounts activities such as conferences, meetings and new member endeavors. At the end of the year, it is your achievements that to us yield our bottom line.
We hope that your 2013 has been a good one for you as well, measured by the People you have met, or have hired, or have gained as clients; marked by the Places you have been, through business, pleasure, or our favorite, a combination of both at a TAG conference; or even judged by your satisfaction in achieving a Purpose of importance.
As we look forward to 2014, we are excited by the opportunity to do even better. There are places in the world into which we can expand. There are members that we would like to see more often at conferences and TAG Academy courses. And there is a Foundation to sustain for the benefit of those in need. We welcome those challenges and we are supported by a strong staff and by the strength of the membership.
Our story of 2013 is not just for you, however. We encourage you to circulate and distribute this Annual Review throughout your firm. We also encourage you to show or send it to clients and prospective clients; to incorporate it effectively into your own marketing initiatives; and to think of the ways you can take full advantage of all that we offer.
Thank you for your membership, for your Foundation support, for your conference and program attendance and for the quality of your work and your relationships. We wish you a successful year in 2014.
TAG Tax European Newsletter - Spring 2015 (TAGLaw and TIAG)TIAG_Alliance
Once again thanks to the efforts of Pascal Schultze and his colleagues at GGV, our latest TAG Tax European Newsletter has been released. The newsletter contains insightful, substantive articles by TAG Tax members on tax issues found in various jurisdictions across Europe. In this edition, our fourth since December of 2012, we have articles addressing developments in tax law in France, Poland, Northern Ireland, and the broader United Kingdom.
We would especially like to thank our contributors to this TAG Tax European Newsletter. They are:
- Pascal Schultze of GGV, Paris, France
- Lyn Hagan, Goldblatt McGuigan, Belfast, Northern Ireland
- Patrycja Gozdziowska, SSW, Warsaw, Poland
- Geoffrey Todd, Boodle Hatfield, London, England
- Anne Rose, Burgis & Bullock, Leamington Spa, England
We hope you find this information valuable in your practice, and we always welcome our members from any jurisdictions to submit articles to Pascal Schultze at schultze@gg-v.net that are of direct relevance to the European tax issues and developments. Thank you all for your interest and continued participation in the TAG Tax group.
Fineman West & Co LLP Doing Business Guides (TIAG member in Los Angeles, Cali...TIAG_Alliance
Fineman West & Co LLP Doing Business Guides (TIAG member in Los Angeles, California).
Covering industries:
Apparel
Bookeeping
Jewelry
Manufacturing
Real Estate
Restaurant and Hospitality
Technology
Wealth Management
This slideshow will show you to use our new website including:
How to Login and Find a Member
How to Add/Edit Profiles
How to Add Content
www.TIAGnet.com
Mercer & Hole Property Plus - January 2015TIAG_Alliance
Published by Mercer & Hole - TIAG Member in London, England
These articles give an overview of some of the property issues that we are typically dealing with. These range from commercial property investment, to families buying property for their children to occupy, a second home investment, maybe a buy to let or a wealthy non UK domiciled individual acquiring a home or investment in the UK.
02: Buying property for children
03: Capital allowances in commercial property
04: Commercial property investment
05: VAT on student accommodation: 1 April 2015 changes
06: Non UK domiciliaries owning UK property
07: UK residential property – buy to let 08: Residential service charge accounts
1 UK VAT refunds for non-EU businesses require action by 31 December 2015TIAG_Alliance
Executive Summary
Many multinational enterprises (MNEs) incur VAT in countries where they are not established or VAT registered. A business may, for example, incur foreign VAT on trade fairs and conferences, meals and accommodations, travel, transportation and fuel costs, business entertainment, marketing and advertising costs, professional services, telecommunications; printing materials and stationery, and training.
Non-EU businesses that have incurred value added tax (VAT) in the UK during the 12 month period July 2014-June 2015 may be able to recover the VAT by applying for a refund - provided they comply with the rules. Claims by non-EU businesses must be submitted within six months following the end of the claim period. The closing date for applications for the above 12 month period is 31st December 2015, so taxpayers should be collecting the required information now to support a successful claim. The deadline is a fixed date, and late claims are not accepted. The fact claims are made by post and the deadline follows shortly after the Christmas holiday period needs to be borne in mind.
Réponse aux préoccupations de citoyens de Theniet El Had au sujet de sujets de cèdres tombés et déracinés dans le parc national de Theniet el had suite aux intempéries récentes notamment les grandes masses de neiges.
Réponse du Département vulgarisation& animation du parc national de Theniet el had
TAG Alliances 2013 Annual Review - People. Places. Purpose.TIAG_Alliance
PEOPLE. PLACES. PURPOSE.
Common words with uncommon meaning but with everyday impact on the TAG Alliances. Each describes and defines what we and our members are about, whom we serve and how businesses around the world benefit.
In the pages that follow we will, in our words and in the words of our members, give some substance to this theme, supported by some examples of these words as they have been applied in practice. We think that People, Places, and Purpose, in words and deed, shine a light on our activity during 2013. We also hope that this Annual Review will not only show us where we were in 2013 but will also provide an indication of what we can all look forward to in 2014 and beyond.
Our Annual Review, to state it in words most common to our TIAG® members, is both a balance sheet that shows where we were at year-end and a statement that recounts activities such as conferences, meetings and new member endeavors. At the end of the year, it is your achievements that to us yield our bottom line.
We hope that your 2013 has been a good one for you as well, measured by the People you have met, or have hired, or have gained as clients; marked by the Places you have been, through business, pleasure, or our favorite, a combination of both at a TAG conference; or even judged by your satisfaction in achieving a Purpose of importance.
As we look forward to 2014, we are excited by the opportunity to do even better. There are places in the world into which we can expand. There are members that we would like to see more often at conferences and TAG Academy courses. And there is a Foundation to sustain for the benefit of those in need. We welcome those challenges and we are supported by a strong staff and by the strength of the membership.
Our story of 2013 is not just for you, however. We encourage you to circulate and distribute this Annual Review throughout your firm. We also encourage you to show or send it to clients and prospective clients; to incorporate it effectively into your own marketing initiatives; and to think of the ways you can take full advantage of all that we offer.
Thank you for your membership, for your Foundation support, for your conference and program attendance and for the quality of your work and your relationships. We wish you a successful year in 2014.
TAG Tax European Newsletter - Spring 2015 (TAGLaw and TIAG)TIAG_Alliance
Once again thanks to the efforts of Pascal Schultze and his colleagues at GGV, our latest TAG Tax European Newsletter has been released. The newsletter contains insightful, substantive articles by TAG Tax members on tax issues found in various jurisdictions across Europe. In this edition, our fourth since December of 2012, we have articles addressing developments in tax law in France, Poland, Northern Ireland, and the broader United Kingdom.
We would especially like to thank our contributors to this TAG Tax European Newsletter. They are:
- Pascal Schultze of GGV, Paris, France
- Lyn Hagan, Goldblatt McGuigan, Belfast, Northern Ireland
- Patrycja Gozdziowska, SSW, Warsaw, Poland
- Geoffrey Todd, Boodle Hatfield, London, England
- Anne Rose, Burgis & Bullock, Leamington Spa, England
We hope you find this information valuable in your practice, and we always welcome our members from any jurisdictions to submit articles to Pascal Schultze at schultze@gg-v.net that are of direct relevance to the European tax issues and developments. Thank you all for your interest and continued participation in the TAG Tax group.
Fineman West & Co LLP Doing Business Guides (TIAG member in Los Angeles, Cali...TIAG_Alliance
Fineman West & Co LLP Doing Business Guides (TIAG member in Los Angeles, California).
Covering industries:
Apparel
Bookeeping
Jewelry
Manufacturing
Real Estate
Restaurant and Hospitality
Technology
Wealth Management
This slideshow will show you to use our new website including:
How to Login and Find a Member
How to Add/Edit Profiles
How to Add Content
www.TIAGnet.com
Mercer & Hole Property Plus - January 2015TIAG_Alliance
Published by Mercer & Hole - TIAG Member in London, England
These articles give an overview of some of the property issues that we are typically dealing with. These range from commercial property investment, to families buying property for their children to occupy, a second home investment, maybe a buy to let or a wealthy non UK domiciled individual acquiring a home or investment in the UK.
02: Buying property for children
03: Capital allowances in commercial property
04: Commercial property investment
05: VAT on student accommodation: 1 April 2015 changes
06: Non UK domiciliaries owning UK property
07: UK residential property – buy to let 08: Residential service charge accounts
1 UK VAT refunds for non-EU businesses require action by 31 December 2015TIAG_Alliance
Executive Summary
Many multinational enterprises (MNEs) incur VAT in countries where they are not established or VAT registered. A business may, for example, incur foreign VAT on trade fairs and conferences, meals and accommodations, travel, transportation and fuel costs, business entertainment, marketing and advertising costs, professional services, telecommunications; printing materials and stationery, and training.
Non-EU businesses that have incurred value added tax (VAT) in the UK during the 12 month period July 2014-June 2015 may be able to recover the VAT by applying for a refund - provided they comply with the rules. Claims by non-EU businesses must be submitted within six months following the end of the claim period. The closing date for applications for the above 12 month period is 31st December 2015, so taxpayers should be collecting the required information now to support a successful claim. The deadline is a fixed date, and late claims are not accepted. The fact claims are made by post and the deadline follows shortly after the Christmas holiday period needs to be borne in mind.
Réponse aux préoccupations de citoyens de Theniet El Had au sujet de sujets de cèdres tombés et déracinés dans le parc national de Theniet el had suite aux intempéries récentes notamment les grandes masses de neiges.
Réponse du Département vulgarisation& animation du parc national de Theniet el had
Continuità vs liquidazione senza un terzo investitore non vi è continuità -...Paolo Cirani
Arkios Italy, Advisor M&A leader in Italia nelle operazioni straordinarie di M&A – con 14 operazioni concluse in 5 anni, e 13 uffici nel mondo, già collabora con importanti Studi Legali e Professionali nel supporto alla ricerca e strutturazione di operazioni di ricerca investitori/acquirenti nell’ambito di Procedure di Concordato Preventivo in Continuità, laddove sia possibile e auspicabile perseguire una continuità aziendale (186bis l.f.)
Forte della sua esperienza diretta nella ricerca di Investitori e strutturazione delle Operazioni nell’ambito delle Procedure Concorsuali, e della proficua collaborazione con primari Studi Legali e Professionali, intende allargare la sua collaborazione ad altri Studi che operano su tali tematiche e che - SERIAMENTE - intendono perseguire –laddove possibile – l’opzione della “Continuità Aziendale” – in ottica di Team, affiancando sia il team legale, che i professionisti che seguono la procedura, nella ricerca di Investitori/Assuntori (c.d. “Cavaliere Bianco”), e nella strutturazione dell’operazione.
il razionale:
(1) "Continuità" è meglio di "Liquidazione" (per tutti gli stakeholder)
(2) La Continuità è possibile (salvo rari casi) solo se subentra un Investitore
(3) Chi gestisce un Concordato -oggi - non è attrezzato per trovare un Investitore (M&A)
Se questi postulati sono veri (e credo che lo siano, in quanto il team che gestisce oggi un concordato non ha -salvo rari casi -esperienza di M&A) difficilmente si riuscirà a perseguire la strada della Continuità Aziendale. Da qui il ruolo fondamentale dell'M&A.
La proficua collaborazione si basa su alcuni punti:
- Visione “Industriale” del Business da parte di Arkios Italy: capacità di capire il valore industriale dell’azienda, indipendentemente dai numeri e dalla situazione finanziaria
- Esperienza diretta nella ricerca diretta di Investitori nell’ambito di una Procedura (conoscenza diretta delle problematiche day-by-day della gestione di una procedura
- Network Internazionale e consolidati rapporti sia con Fondi Distressed US e Esteri, sia con Partner “Industriali”
Per maggiori informazioni: paolo.cirani@arkios.it
Arkios Company Profile: www.slideshare.net/pcirani/arkios-italy-company-presentation-ita-feb-2013
www.slideshare.net/pcirani/come-gestire-una-situazione-di-crisi-finanziaria-strumenti-e-ruolo-mm oppure http://www.youtube.com/watch?v=J2guRb54P3k
IPE-KPMG "Il processo di consolidamento del bilancio: modalità operative,crit...IPE Business School
Lo scopo del presente lavoro è quello di analizzare le peculiarità della redazione del bilancio consolidato. In primo luogo, si definiscono le operazioni preliminari che caratterizzano la redazione dello stesso e viene fornita una presentazione delle fonti normative esistenti sia a livello nazionale che internazionale. Nella seconda parte del lavoro si analizzano i bilanci consolidati di due gruppi di imprese, il Gruppo Ansaldo Sts e il Gruppo Marinvest. Il fine di questo lavoro è riuscire a comprendere le principali difficoltà e criticità che un revisore contabile riscontra nella predisposizione e nella valutazione di un bilancio consolidato.
The purpose of this paper is to analyze the peculiarities of the
consolidated financial statements. First, we define the preliminary operations that characterize the preparation of this kind of statements and provides a presentation of the existing sources of law, both nationally and internationally. In the second part of the work we analyze the consolidated financial statements of two business groups, the Ansaldo STS Group and the Group Marinvest. The purpose of this work is being able to understand the main difficulties and problems that an auditor found in the preparation and evaluation of consolidated financial statements
Report su attività e costi per lanciare campagna di equity crowdfundingFabio Allegreni
Crowd Advisors, con EdiBeez e AIEC, ha pubblicato il primo rapporto sulle attività e i costi delle startup italiane che hanno lanciato una campagna di equity crowdfunding.
Si tratta della prima volta che una ricerca entra in questo tipo di merito, in cui viene anche analizzato il ruolo degli advisor esterni.
I dati del rapporto sono stati raccolti grazie alle risposte a un questionario inoltrato a tutte le società che avevano lanciato una campagna di equity crowdfunding sulle piattaforme italiane dal 2013 al luglio 2016, indipendentemente dal fatto che avessero avuto successo. Su 33 società contattate, 13 (il 39%) hanno risposto al questionario. Si tratta quindi di un campione piuttosto ristretto, che, pur non essendo possibile considerare scientificamente rilevante, può comunque fornire un importante termine di paragone, utile soprattutto a tutte le imprese che intendono finanziarsi con l’equity crowdfunding.
REO - Management per gestire portagli immobiliare e NPL per Banche con un Servicing attivo minimizzando le perdite.
Con Partner in Italia e Germania cominciamo di fare un standard di processi e reporting in Europa con una qualitá e trasparenza unica integrando tutti i processi in un portale web multilinguale
Aspetti critici del Patent Box
La mancata armonizzazione internazionale della normativa sul Patent Box e talune criticità presenti nelle disposizioni nazionali, creano non pochi problemi di carattere pratico. Per contro, sono proprio le lacune esistenti che possono, in determinati casi, prospettare talune buone opportunità internazionali d’investimento.
I confidi al bivio, spunti per una discussione (13 marzo 2018)Salvatore Vescina
Questo documento non nasce per esprimere un ragionamento organico, ma per supportare una serie di domande in una tavola rotonda. In questa versione il testo è integrato in alcuni passaggi, per renderlo più comprensibile a quanti non erano presenti all'evento del 13 marzo 2018 (X Osservatorio sui confidi di Torino Finanza, presso la CCIAA di Roma in piazza di Pietra) e colgo l'occasione per esprimere alcune mie idee che non possono essere attribuite ad altre persone o istituzioni.
Temi trattati:
- andamento del mercato dei confidi e fattori che hanno pesato sulla dinamica;
- dati attinti dal database del fondo di garanzia per le PMI: a) la relazione tra "garanzia diretta" e "controgaranzia"; b) cosa succede dove le Regioni si avvalgono della "lettera r" restringendo l'operatività del fondo alle sole "controgranzie"? c) la qualità allocativa delle banche e dei confidi a confronto;
- l'accountability dei confidi ponte tra valore e risorse pubbliche;
- spunti sui miglioramenti incrementali al business model dei confidi (in particolare nuovi prodotti e servizi per accrescere i ricavi).
TAG Alliances 2017 Annual Review - "Amplify"TIAG_Alliance
TAG Alliances is comprised of the leading professional alliances, TAGLaw®, TIAG® and TAG-SP™. Our global and multidisciplinary reach encompasses 290+ members who employ 16,000 lawyers, accountants, and other professional service providers in over 100 countries.
We are excited to share with you our 2017 Annual Review, which highlights our community's successes and achievements.
The U.S. Tax Court Decision in Grecian Magnesite Mining v. CommissionerTIAG_Alliance
Presented by Fuad Saba of FGMK, LLC
Member of TIAG and TAG Alliances
History of Rev. Ruling 91-32
Facts, arguments, and decisions in Grecian Magnesite Mining v. Commissioner
Additional questions raised by the decision
Conclusions and potential impact on tax planning strategies
International Tax Planning after BEPS - A Country SpotlightTIAG_Alliance
The OECD initiative against “Base Erosion and Profit Shifting” was
commissioned by the G-20 in 2013. Final deliverables were presented to the G-20 in November 2015.
“Base Erosion and Profit Shifting (BEPS) refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no overall corporate tax being paid. BEPS is of major significance for developing countries due to their heavy reliance on corporate income tax, particularly from multinational enterprises (MNEs.)”
Creators and Presenters:
• Russell Brown, LehmanBrown, China
• Florence Bastin, Fiduciaire du Grand-Duché de
Luxembourg S.à r.l. (FLUX)
• Fabrice Rymarz, Racine, France
• Simone Hennessy, HSOC, Ireland
• Fuad Saba, FGMK, Chicago, USA (Moderator)
Burgis & Bullock - Guide to Mergers and Acquisitions in the UKTIAG_Alliance
The UK is a highly attractive place to do business as evidenced by the large levels of inward investment into the country seen over the last few years. For overseas companies wishing to set up operations and trade there are a number of highly useful guides to doing business in the UK produced by the accounting and law firm members of the TAG Alliances (www.tiagnet.com and www.taglaw.com).
However, one of the most common methods for international companies to seek a presence in the UK is through acquisition. Having advised and supported overseas businesses to acquire UK companies we have observed there are many subtle, and not so subtle, variations in how different countries conduct M&A activity. This includes not just the obvious legal differences, but also variances in style, custom, market practice, the role of advisers, and the process undertaken.
This guide does not cover the strategic and commercial aspects of an effective acquisition strategy that would be common across the globe, such as defining your acquisition criteria, target analysis, valuations, negotiations, and post-acquisition integration. The document is designed to provide non-UK acquirers with an overview of the legal and regulatory regime governing M&A activity in the UK together with an understanding of the processes and transaction issues that are most commonly encountered in this country. It is no substitute for good quality professional advice, but should help buyers to plan their M&A strategy for maximum effectiveness.
Indian Prime Minister Narendra Modi has launched a new scheme to boost his country's manufacturing sector and encourage foreign investors with 'Zero Defect; Zero Effect' policies.
World Expo 2015 Guidelines - Studio RockTIAG_Alliance
Expo 2015 will be held in Milan (Italy) from May to October 2015.
ll companies worldwide that will be present have to face all sorts of different issues. Some of these relate to compliance with local (Italian) rules and regulations regarding accounting, tax and staff matters.
Expo 2015 will last six months and that period of time is extremely important from a tax point of view as any commercial activity that lasts six months or more determines that the company is considered as having a permanent establishment in Italy.
This implies compliance with accounting rules, drafting of tax returns and income taxes to be calculated and paid. Vat aspects have to be considered as well.
In some cases special tax benefits have been considered but these have to considered case by case in order to understand if they are applicable or not.
TIAG and Accountants from Around the World Support Ebola Relief Efforts of Do...TIAG_Alliance
St. Petersburg, Florida (November 10, 2014) – TAG Foundation trustees have approved the disbursement of $10,000 USD from the foundation’s funds to assist Doctors Without Borders / Médecins Sans Frontières (MSF) in their Ebola relief efforts in West Africa. TAG Foundation is the charitable organization founded by TIAG®, an international alliance of independent accounting firms, and its broader organization, The TAG Alliances™. The TAG Foundation is supported by contributions from TIAG members who have a long history of supporting relief efforts from natural disasters or humanitarian crises.
MSF’s West Africa Ebola response started in March 2014 and counts activities in Guinea, Liberia and Sierra Leone. In response to a confirmed case in Mali, an MSF team arrived in the country this week to reinforce MSF’s regular mission and provide technical support to the Ministry of Health.
“With more than 9,000 reported cases, 4,876 deaths, and a direct or indirect impact on jurisdictions where we have members, we want to take an active leadership role in helping to alleviate the devastating effects of this humanitarian crisis by supporting the heroic efforts of Doctors Without Borders,” said Peter Appleton Jones, Chairman & Founder of TIAG and TAG Foundation trustee. “The impact of politics and the media has only been to sow fear, hysteria and more sadly, division. We want to change that with positive efforts and energy.” Mr. Appleton Jones adds, “This and other TAG Foundation initiatives speak to the very heart of what TIAG and the TAG Alliances are about.”
Modi Effect on the Indian Economy - AJSH & Co. Chartered Accountants (New Del...TIAG_Alliance
Contact: AJSH & Co. Chartered Accountants (New Delhi, India)
The Modi government took charge at the Centre with a promise to bring about many changes in terms of governance. This created a wave of excitement among the people.
The Narendra Modi government has put together an elaborate economic reforms package in sync with the party’s election manifesto.
A "king among kings" is how Anil Ambani, one of India's leading industrialists, described Narendra Modi in January last year, long before the latter entered the race to become the country's next prime minister. After winning the Indian election comprehensively, the business community here is waiting with its arms wide open to embrace Mr Modi. They hope he will be their saviour at a time when the economic growth rate is flagging, investments are dwindling and consumer demand is dropping.
More Related Content
Similar to 2016 - Studio Rock - Triple A Dictionary
Continuità vs liquidazione senza un terzo investitore non vi è continuità -...Paolo Cirani
Arkios Italy, Advisor M&A leader in Italia nelle operazioni straordinarie di M&A – con 14 operazioni concluse in 5 anni, e 13 uffici nel mondo, già collabora con importanti Studi Legali e Professionali nel supporto alla ricerca e strutturazione di operazioni di ricerca investitori/acquirenti nell’ambito di Procedure di Concordato Preventivo in Continuità, laddove sia possibile e auspicabile perseguire una continuità aziendale (186bis l.f.)
Forte della sua esperienza diretta nella ricerca di Investitori e strutturazione delle Operazioni nell’ambito delle Procedure Concorsuali, e della proficua collaborazione con primari Studi Legali e Professionali, intende allargare la sua collaborazione ad altri Studi che operano su tali tematiche e che - SERIAMENTE - intendono perseguire –laddove possibile – l’opzione della “Continuità Aziendale” – in ottica di Team, affiancando sia il team legale, che i professionisti che seguono la procedura, nella ricerca di Investitori/Assuntori (c.d. “Cavaliere Bianco”), e nella strutturazione dell’operazione.
il razionale:
(1) "Continuità" è meglio di "Liquidazione" (per tutti gli stakeholder)
(2) La Continuità è possibile (salvo rari casi) solo se subentra un Investitore
(3) Chi gestisce un Concordato -oggi - non è attrezzato per trovare un Investitore (M&A)
Se questi postulati sono veri (e credo che lo siano, in quanto il team che gestisce oggi un concordato non ha -salvo rari casi -esperienza di M&A) difficilmente si riuscirà a perseguire la strada della Continuità Aziendale. Da qui il ruolo fondamentale dell'M&A.
La proficua collaborazione si basa su alcuni punti:
- Visione “Industriale” del Business da parte di Arkios Italy: capacità di capire il valore industriale dell’azienda, indipendentemente dai numeri e dalla situazione finanziaria
- Esperienza diretta nella ricerca diretta di Investitori nell’ambito di una Procedura (conoscenza diretta delle problematiche day-by-day della gestione di una procedura
- Network Internazionale e consolidati rapporti sia con Fondi Distressed US e Esteri, sia con Partner “Industriali”
Per maggiori informazioni: paolo.cirani@arkios.it
Arkios Company Profile: www.slideshare.net/pcirani/arkios-italy-company-presentation-ita-feb-2013
www.slideshare.net/pcirani/come-gestire-una-situazione-di-crisi-finanziaria-strumenti-e-ruolo-mm oppure http://www.youtube.com/watch?v=J2guRb54P3k
IPE-KPMG "Il processo di consolidamento del bilancio: modalità operative,crit...IPE Business School
Lo scopo del presente lavoro è quello di analizzare le peculiarità della redazione del bilancio consolidato. In primo luogo, si definiscono le operazioni preliminari che caratterizzano la redazione dello stesso e viene fornita una presentazione delle fonti normative esistenti sia a livello nazionale che internazionale. Nella seconda parte del lavoro si analizzano i bilanci consolidati di due gruppi di imprese, il Gruppo Ansaldo Sts e il Gruppo Marinvest. Il fine di questo lavoro è riuscire a comprendere le principali difficoltà e criticità che un revisore contabile riscontra nella predisposizione e nella valutazione di un bilancio consolidato.
The purpose of this paper is to analyze the peculiarities of the
consolidated financial statements. First, we define the preliminary operations that characterize the preparation of this kind of statements and provides a presentation of the existing sources of law, both nationally and internationally. In the second part of the work we analyze the consolidated financial statements of two business groups, the Ansaldo STS Group and the Group Marinvest. The purpose of this work is being able to understand the main difficulties and problems that an auditor found in the preparation and evaluation of consolidated financial statements
Report su attività e costi per lanciare campagna di equity crowdfundingFabio Allegreni
Crowd Advisors, con EdiBeez e AIEC, ha pubblicato il primo rapporto sulle attività e i costi delle startup italiane che hanno lanciato una campagna di equity crowdfunding.
Si tratta della prima volta che una ricerca entra in questo tipo di merito, in cui viene anche analizzato il ruolo degli advisor esterni.
I dati del rapporto sono stati raccolti grazie alle risposte a un questionario inoltrato a tutte le società che avevano lanciato una campagna di equity crowdfunding sulle piattaforme italiane dal 2013 al luglio 2016, indipendentemente dal fatto che avessero avuto successo. Su 33 società contattate, 13 (il 39%) hanno risposto al questionario. Si tratta quindi di un campione piuttosto ristretto, che, pur non essendo possibile considerare scientificamente rilevante, può comunque fornire un importante termine di paragone, utile soprattutto a tutte le imprese che intendono finanziarsi con l’equity crowdfunding.
REO - Management per gestire portagli immobiliare e NPL per Banche con un Servicing attivo minimizzando le perdite.
Con Partner in Italia e Germania cominciamo di fare un standard di processi e reporting in Europa con una qualitá e trasparenza unica integrando tutti i processi in un portale web multilinguale
Aspetti critici del Patent Box
La mancata armonizzazione internazionale della normativa sul Patent Box e talune criticità presenti nelle disposizioni nazionali, creano non pochi problemi di carattere pratico. Per contro, sono proprio le lacune esistenti che possono, in determinati casi, prospettare talune buone opportunità internazionali d’investimento.
I confidi al bivio, spunti per una discussione (13 marzo 2018)Salvatore Vescina
Questo documento non nasce per esprimere un ragionamento organico, ma per supportare una serie di domande in una tavola rotonda. In questa versione il testo è integrato in alcuni passaggi, per renderlo più comprensibile a quanti non erano presenti all'evento del 13 marzo 2018 (X Osservatorio sui confidi di Torino Finanza, presso la CCIAA di Roma in piazza di Pietra) e colgo l'occasione per esprimere alcune mie idee che non possono essere attribuite ad altre persone o istituzioni.
Temi trattati:
- andamento del mercato dei confidi e fattori che hanno pesato sulla dinamica;
- dati attinti dal database del fondo di garanzia per le PMI: a) la relazione tra "garanzia diretta" e "controgaranzia"; b) cosa succede dove le Regioni si avvalgono della "lettera r" restringendo l'operatività del fondo alle sole "controgranzie"? c) la qualità allocativa delle banche e dei confidi a confronto;
- l'accountability dei confidi ponte tra valore e risorse pubbliche;
- spunti sui miglioramenti incrementali al business model dei confidi (in particolare nuovi prodotti e servizi per accrescere i ricavi).
Similar to 2016 - Studio Rock - Triple A Dictionary (12)
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2. Pag.2
Sections
1. History 3
2. Contents 6
3. Sample 9
4. Become a partner to the «AAA worldwide project» 12
5. Advantages for partners to the «AAA worldwide project» 16
4. Timetable 18
Index
4. Pag.4
Triple AAA
2008
Garzanti (the most important technical publisher in Italy) published the new version of
its «Business English Dictionary»: language Italian – English and vice versa.
Fabrizio Hugony and his team of Studio Rock was engaged by Garzanti to review and
update the parts related to Auditing, Accounting, Administration and related matters
(corporate and tax terms).
More than 1.500 important terms were missing and have been added.
2011
Over 3 years, the team developed a specific
dictionary dedicated to professionals,
auditors and finance departments;
Issued online freely available.
2016
More than 160.000 web contacts;
Licensed to PwC in Italy (since 2013);
Sponsored by the chartered accountants
association in Italy.
Origin
5. Pag.5
Technical background
Key facts
Immediate overview
Developed by a team of experts in different areas:
− Professional expertise;
− Language skills;
− IT capabilities.
Monopoly on the market: unique technical dictionary for
professionals.
Italian Government has covered part of the costs given the
innovation of the project.
Presented to the Big Fours and exclusively licensed to PwC in Italy.
Users:
− Accounting firms and auditing firms;
− International legal firms;
− Multinational financial departments;
− Local companies with cross border activities;
− Professional translators.
7. Pag.7
Contents
Key facts
Immediate overview
It is not a generic business English dictionary;
Database contains only technical terms;
For every «word» choice of the translation only related to technical fields;
Terms regard only the following fields:
− Auditing;
− Accounting;
− Administration;
− Tax;
− Corporate law.
All IAS/IFRS terminology is covered;
Explanations are provided where appropriate;
Examples sometimes linked to practical documents;
More than 20.000 selected terms.
8. Pag.8
Current online version
www.tripla-a.it
Immediate overview
Website address: www.tripla-a.it
Currently with instructions and
information provided in Italian;
As at today developed only for the
Italian market;
Even not Italian professionals can
gain an understanding of the
product visiting the website.
10. Pag.10
Sample (1/2)
Structure of the database
Example terms letter «A»
accantonamento (amm.) allocation
accantonamento (amm., trib.) allowance Termine usato soprattutto in ambito fiscale per indicare la deducibilità degli accantonamenti fatti.
accantonamento (amm.) appropriation Negli IAS/IFRS per appropriation si intende uno stanziamento pubblico, ovvero un accantonamento
fatto da un governo per una determinata spesa. Importi accantonati (stanziati) dai governi, monies
appropriated by governments. (IAS)
accantonamento (amm.) reserve Impiegato con il senso di scorta nella gestione del magazzino: accantonamento di merci, reserve of
goods.
accantonamento (amm.) sum set
aside
Quest'espressione un po’ artefatta, il cui significato letterale è "somma messa da parte", rappresenta
uno dei modi in cui si è cercato di evitare l'utilizzo del termine provision per accantonamento.
Storicamente era presente anche negli IAS/IFRS, ma oggi viene utilizzata sempre meno. Essendo
desueta ma di significato univoco, attualmente sum set aside appare soprattutto in contesti giuridici, o
in ambiti meno tecnici.
accantonamento (amm.) provision Provision è sicuramente la traduzione più frequente di accantonamento ma presenta un problema,
facilmente esplicitabile con un esempio tecnico: è stato fatto un accantonamento per rischi su cambi, a
provision has been made for currency risks. Purtroppo, una volta tradotta in inglese, l'espressione si
presta a due interpretazioni: quella citata ma anche "è stato istituito un fondo per rischi su cambi".
Tenendo conto che è impensabile rinunciare al vocabolo provision, impiegato centinaia di volte negli
IAS/IFRS, l'unica soluzione è di tipo empirico. Posto che è estremamente raro che una società si renda
conto dell'esigenza di costituire un nuovo fondo per evenienze a cui non si era pensato in precedenza,
quasi sempre "a provision has been made" significherà "è stato fatto un accantonamento" (ad un fondo
preesistente).
Italian
term Field
English
translation
Examples and/or
explanations
11. Pag.11
Sample (2/2)
Structure of the database
Example terms letter «A»
accertamento (trib.) assessment
accertamento (trib.) audit Quando accertamento ha il significato di verifica, si traduce con audit.
accertamento con adesione (trib.) tax assessment settlement
agreement
L'accertamento con adesione o "concordato" è un procedimento mediante il quale si
addiviene ad un atto di accertamento concordato con il contribuente. Esso consente di
patteggiare l'imponibile in merito a un accertamento o a seguito di un controllo
dell'amministrazione finanziaria. Relativamente alla traduzione proposta, un settlement
agreement è un generico concordato tra contribuente e amministrazione finanziaria.
accertamento da parte della
commissione tributaria
(trib.) assessment by a tax
commission
accertamento dei fatti (dir.) verification of facts
accertamento del reddito (trib.) income assessment
accertamento del reddito imponibile (trib.) assessment of taxable
income
accertamento dell'imposta sul reddito (trib.) assessment of income tax
accertamento fiscale (trib.) tax assessment Per tax assessment, si intende un accertamento fiscale nel senso della determinazione delle
imposte dovute, ovvero del calcolo di quanto il contribuente deve versare. Infatti, l'Income
Tax Assessment Act 1936 e successivi emendamenti, del Commonwealth, definisce il tax
assessment come: " la determinazione dell'ammontare del reddito imponibile e dell'imposta
dovuta su tale ammontare". In tal senso anche l'istituzione britannica HM Revenue&Customs
che stabilisce: "secondo il vecchio sistema, il calcolo delle imposte si basava sui redditi
commerciali per il periodo di dodici mesi avente termine nell'esercizio fiscale antecedente a
quello coperto dalla presente dichiarazione", under the old system the tax assessment was
based upon trading profits for the twelve month period ending in the tax year before the year
covered by this return. La spiegazione precedente ha lo scopo di chiarire che quello che in
italiano si definisce accertamento fiscale con il significato di verifica o ispezione, non
andrebbe tradotto come tax assessment ma bensì tax audit. Se, a seguito dell'ispezione, si
riscontrassero delle irregolarità, la determinazione delle medesime viene denominata tax
assessment.
Explanation:
Tax assessment in Italian = Tax audit
Tax assessment in English = Calculation of taxes due
Where appropriate the dictionary lists and
explains the terms that have different
meanings in the two languages
13. Pag.13
Vision of the project
Key items
Overview
Vision - Short term
Increase the number of languages covered by the dictionary;
Involvement of TIAG members;
Boost the feeling of belonging to the network.
Vision - Long term
Create a global instrument for professionals and companies ideally in all
languages;
Generate tangible benefits for the network and especially for the network
members involved in the project as developers.
14. Pag.14
What we need
Key items
Objectives
Any TIAG member;
One per language;
The selected «AAA partner» will develop the dictionary for his language;
Also a UK and a US member for a terminology update would be
appreciated.
Actions
Starting from the AAA English database the member will create his local
language version;
Replicating the existing model;
Respecting an agreed deadline.
Overview
15. Pag.15
Required work
Structure of the target database
Example terms letter «A»
provision (amm.) «________» «________» Provision è sicuramente la traduzione più
frequente di accantonamento ma presenta un
problema, facilmente esplicitabile con un
esempio tecnico: è stato fatto un
accantonamento per rischi su cambi, a provision
has been made for currency risks. Purtroppo,
una volta tradotta in inglese, l'espressione si
presta a due interpretazioni: quella citata ma
anche "è stato istituito un fondo per rischi su
cambi". Tenendo conto che è impensabile
rinunciare al vocabolo provision, impiegato
centinaia di volte negli IAS/IFRS, l'unica
soluzione è di tipo empirico. Posto che è
estremamente raro che una società si renda
conto dell'esigenza di costituire un nuovo fondo
per evenienze a cui non si era pensato in
precedenza, quasi sempre "a provision has
been made" significherà "è stato fatto un
accantonamento" (ad un fondo preesistente).
English
term Field
Target language
translation
Examples and/or
explanations in target language
Examples and/or explanations in
English (as per example below in Italian)
17. Pag.17
Advantages
Key items
Immediate overview
For all developer partners
Free use without any current and future limitations;
The name of the firm will be shown as developer to the users of his language;
Marketing instrument for current customers and potential customers. To these the
dictionary will always be freely available;
Future advertising revenues will be shared;
All IT and other project costs will be borne by Studio Rock and its technical partners;
What is required is only TIME!
19. Pag.19
Timing – 12 months project
Deadlines
Agenda
Deadlines
MAY 2016, Presentation in Lisbon (TIAG Spring International Conference);
JUNE – JULY 2016, member application and choice of partners if more than
one candidate;
OCTOBER 2016, (TIAG Autumn International Conference);
Presentation in Washington and kick-off meeting with the partners;
Delivery of the database structure (already reviewed UK/US
terminology);
MAY 2017, (TIAG Spring International Conference) delivery of finished work
by local members;
JUNE 2017, online worldwide.
General commitment
As the project involves many members and many countries it is essential that:
each member delivers on time his part of the work;
the quality of the work is in line with international standards.
20. Pag.20
Team
Fedele Gubitosi – Partner, gubitosi@studiorock.net
Alessandro Ceriani – Partner, ceriani@studiorock.net
Fabrizio Hugony – International Operations, hugony@studiorock.net
Via Turati, 29
20121 Milano
Tel. + 39 02 6271161