Last year, a 15 percent jump in the consulting area helped Deloitte overtake PwC as No. 1 in total revenues among the big four global accounting and consulting firms, which also include and Ernst & young
The article discusses Ghana's Single Spine Salary Structure (SSSS), which aims to standardize pay across the public sector. While intended to reduce inequities, its implementation faces challenges that could impact businesses. Workers in some sectors have protested, potentially increasing costs if wages rise sharply. However, a well-paid public sector could also boost efficiency and services critical to businesses. The business community will be affected by decisions around the SSSS rollout and its economic effects.
This monthly magazine covers business and finance topics in Ghana. The December 2010 issue includes the following articles:
- An article on the front page discusses the possibility of lower oil prices in 2011 and how that could impact Ghana.
- The economy section features an interview with Ghana's Finance Minister about the government's strategy to control inflation and promote growth.
- An article on energy discusses efforts to reduce electricity waste from imported used refrigerators and challenges in banning their importation.
- Other articles cover international airlines expanding to Accra, the debate over local versus foreign expertise in consulting, and upcoming telecom price cuts benefiting consumers.
This investor presentation summarizes Multiplus S.A., a loyalty program company. It discusses Multiplus' growth in gross billings and market capitalization. Multiplus has an innovative business model with strong cash generation, low capital expenditures, and scalability. The presentation outlines Multiplus' strategy to diversify its sources of points sold and redemptions to different industry partners to control costs and breakage while improving the member experience.
This article discusses the rising popularity of "fish pedicures" where tiny carp nibble away at human feet to remove dead skin. The treatment originated in Turkey and Asia and a salon in northern Virginia has offered them for the past four months, attracting over 5,000 customers. Some customers were initially hesitant but say the pedicures are very relaxing. However, health officials have concerns as the fish can transmit diseases to humans. The salon owner believes his is the only one in the U.S. offering the treatment.
The document provides an investor presentation for Multiplus S.A. for August 2012. It summarizes key financial metrics for 2Q12 including gross billings growth of 28.9% YoY to R$457 million and market capitalization of R$7.5 billion. Multiplus has an innovative loyalty program business model with four sources of profit and a strategy to diversify revenue streams beyond its largest partner, TAM Airlines. Financial statements show continued strong growth and profitability with net income of R$43 million in 2Q12.
allstateFinancial Highlights, Shareholder Letter and Our Customer Family 1998finance7
- Cay Chavez Jr. is a new 17-year-old driver who purchased an '85 Cougar that he is restoring.
- He has an auto policy through Allstate to cover the costs of driving and maintaining the vehicle.
- Allstate agents provide educational materials and safety programs to help new teen drivers drive responsibly.
Projeto mustang sem anexo e sem operação englocamerica
Locamerica is a Brazilian car rental company that has experienced strong growth and profitability over the past several years. It has grown its total fleet from 5,500 cars in 2006 to over 304,000 cars in 2011, representing a compound annual growth rate of 37.1% during that period. Revenues have also increased substantially, from R$62.8 million in 2006 to R$304 million in 2011, a compound annual growth rate of 37.5%. Locamerica is now the largest car rental company in Brazil. The presentation discusses the company's history and entrepreneurial roots as well as its business model focused on fleet outsourcing.
XYZ Pharma reported losses in 2009 due to increased costs from acquisitions and stiff competition lowering prices. While acquisitions boosted sales, costs grew faster. Higher debt also pressures margins. XYZ faces risks from competition and rising costs. However, opportunities exist in the growing Indian pharmaceutical industry and contract R&D. Recent acquisitions in regulated foreign drug markets may help diversify geographically.
The article discusses Ghana's Single Spine Salary Structure (SSSS), which aims to standardize pay across the public sector. While intended to reduce inequities, its implementation faces challenges that could impact businesses. Workers in some sectors have protested, potentially increasing costs if wages rise sharply. However, a well-paid public sector could also boost efficiency and services critical to businesses. The business community will be affected by decisions around the SSSS rollout and its economic effects.
This monthly magazine covers business and finance topics in Ghana. The December 2010 issue includes the following articles:
- An article on the front page discusses the possibility of lower oil prices in 2011 and how that could impact Ghana.
- The economy section features an interview with Ghana's Finance Minister about the government's strategy to control inflation and promote growth.
- An article on energy discusses efforts to reduce electricity waste from imported used refrigerators and challenges in banning their importation.
- Other articles cover international airlines expanding to Accra, the debate over local versus foreign expertise in consulting, and upcoming telecom price cuts benefiting consumers.
This investor presentation summarizes Multiplus S.A., a loyalty program company. It discusses Multiplus' growth in gross billings and market capitalization. Multiplus has an innovative business model with strong cash generation, low capital expenditures, and scalability. The presentation outlines Multiplus' strategy to diversify its sources of points sold and redemptions to different industry partners to control costs and breakage while improving the member experience.
This article discusses the rising popularity of "fish pedicures" where tiny carp nibble away at human feet to remove dead skin. The treatment originated in Turkey and Asia and a salon in northern Virginia has offered them for the past four months, attracting over 5,000 customers. Some customers were initially hesitant but say the pedicures are very relaxing. However, health officials have concerns as the fish can transmit diseases to humans. The salon owner believes his is the only one in the U.S. offering the treatment.
The document provides an investor presentation for Multiplus S.A. for August 2012. It summarizes key financial metrics for 2Q12 including gross billings growth of 28.9% YoY to R$457 million and market capitalization of R$7.5 billion. Multiplus has an innovative loyalty program business model with four sources of profit and a strategy to diversify revenue streams beyond its largest partner, TAM Airlines. Financial statements show continued strong growth and profitability with net income of R$43 million in 2Q12.
allstateFinancial Highlights, Shareholder Letter and Our Customer Family 1998finance7
- Cay Chavez Jr. is a new 17-year-old driver who purchased an '85 Cougar that he is restoring.
- He has an auto policy through Allstate to cover the costs of driving and maintaining the vehicle.
- Allstate agents provide educational materials and safety programs to help new teen drivers drive responsibly.
Projeto mustang sem anexo e sem operação englocamerica
Locamerica is a Brazilian car rental company that has experienced strong growth and profitability over the past several years. It has grown its total fleet from 5,500 cars in 2006 to over 304,000 cars in 2011, representing a compound annual growth rate of 37.1% during that period. Revenues have also increased substantially, from R$62.8 million in 2006 to R$304 million in 2011, a compound annual growth rate of 37.5%. Locamerica is now the largest car rental company in Brazil. The presentation discusses the company's history and entrepreneurial roots as well as its business model focused on fleet outsourcing.
XYZ Pharma reported losses in 2009 due to increased costs from acquisitions and stiff competition lowering prices. While acquisitions boosted sales, costs grew faster. Higher debt also pressures margins. XYZ faces risks from competition and rising costs. However, opportunities exist in the growing Indian pharmaceutical industry and contract R&D. Recent acquisitions in regulated foreign drug markets may help diversify geographically.
1) TIM reported strong growth in the third quarter of 2012, with total net revenues increasing 8.0% year-over-year and EBITDA growing 7.5%.
2) Key highlights included solid growth in data revenues and customers, as well as recovery in postpaid subscriber additions following the sales ban earlier in the year.
3) However, recent events such as the dropped call report and tax issues created challenges for TIM's image and reputation that may impact performance going forward if not adequately addressed.
- Multiplus reported strong growth in 3Q11 vs 3Q10 with net revenue up 93.8% and net income up 63.8%
- Gross billings grew 94.3% to R$439 million driven by increases in points sold to both TAM and banks/retail partners
- Cost of points redeemed grew at a faster rate than revenue, reducing gross margin by 14.6 percentage points
- Operating expenses fell as a percentage of revenue, helping operating income rise 46.1% though operating margin declined
- Hedge gains contributed to an 18.9% rise in pre-tax income and net income margin was 17%
The document summarizes key trends in the Asia Pacific outsourcing market in 2011 based on an analysis of contracts over $25 million. It finds that while contract activity reached record levels, total contract value declined 10% from 2010 due to a rise in smaller deals. Total contract value was pulled down by weaker performance in India and key industries like financial services and manufacturing. However, the Asia Pacific market remains attractive with annualized revenue and active contracts growing at a 4-8% compound annual rate between 2007-2011.
- Multiplus is a growing loyalty network in Brazil with nearly 9 million members as of 3Q11, up 17% YoY. It had gross billings of R$397 million in 3Q11, up 32.4% YoY.
- The company aims to diversify its revenue sources beyond its main partner TAM Airlines. In 3Q11, 73% of gross billings came from TAM, down from 98% historically.
- Multiplus reported EBITDA of R$78.1 million in 3Q11, up 64.5% YoY, with a margin of 24.3%. Adjusted EBITDA was R$82.3 million, down 7% YoY
- Multiplus saw strong growth in 3Q11, with points issued up 38.5% YoY to 20.0 billion and gross billings up 32.4% to R$397.3 million.
- Net revenue increased 147.1% YoY to R$321.5 million. EBITDA was R$78.1 million, up 64.5% but margins fell to 24.3% due to investments.
- Cost of points redeemed grew faster than revenue due to redemptions increasing 171.7% YoY, leading gross margins to fall to 32.3%.
The document discusses the real estate and construction sector in Brazil. It makes the following key points:
1) The author's main concern regarding real estate companies has always been working capital management and cash flow, not demand or growth potential. Managing growth and the associated capital needs is the main challenge.
2) Considering construction financing, typical cash flow exposure for a real estate project should be between 20-30% of the project's potential sales value.
3) The author included construction financing in their models to better evaluate which companies may need extra funding to meet their growth guidance.
4) In addition to looking at future projections, the author analyzed price-to-adjusted book value multiples to find deep
1) This document presents information about SEB, a Nordic-Baltic banking group. It discusses SEB's markets, business areas, strategies for growth, and managing risks in the Baltic countries.
2) SEB has significant operations in the Nordic countries, Baltic countries, and Germany. Its main business areas are merchant banking, retail banking, and wealth management.
3) SEB's strategy is to focus on areas of strength, coordinate its universal banking offering, and achieve sustainable profit growth through productivity and operational excellence initiatives.
Thomason Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
The Family Wealth Goal Achiever™ is a plan design book (like a blueprint) that explains in easy to understand text and graphics the planning ideas being recommended by the planning team. It solves for high net worth tax planning, advanced estate planning, business transition planning, asset protection planning.
Learn more at www.inknowvision.com
1) John creates an irrevocable non-grantor trust to provide asset protection and estate tax savings for heirs.
2) John gifts $5 million of non-voting business interests to the trust and sells another $5 million of interests to the trust via an installment note.
3) Investments, LLC loans $5 million in cash/securities to the trust to provide cash flow to reinvest in the trucking business. The strategies are designed to maximize John's gifting amounts and reduce estate and income taxes while continuing to benefit his heirs.
The Progressive Corporation reported financial results for May 2004, with net premiums written up 16% and net income up 14% compared to May 2003. Key highlights included strong growth across personal and commercial lines of business, a combined ratio of 86.6%, and continued profitability in all but three personal lines markets. Policies in force also grew 15% year-over-year. Progressive continued to experience catastrophe losses which contributed to a higher loss ratio for the month.
FinSight - Exchange Traded Funds, the next game changer; Learnings from the g...South Asia Fast Track
Motilal Oswal Investor Relations FinSight article series - July 2012 - Exchange Traded Funds, the next game changer; Learnings from the global experience - Sourajit Aiyer
Opera Capital Partners is a financial advisory firm with offices in Paris and Stockholm. It has two main activities: family office and wealth management services with 130 million euros under management, and a corporate finance boutique specializing in mergers and acquisitions, private placements, and investor services for technology companies. The firm focuses on optimizing growth and equity value for entrepreneurs through private placements, M&A advisory, and other services. It has successfully completed several deals over the past two years and maintains connections in the venture capital community internationally.
Opera Capital Partners is a financial advisory firm serving entrepreneurs. It has two main activities: family office and wealth management, and corporate finance boutique. The corporate finance boutique focuses on mergers and acquisitions, private placements, and investor services for technology businesses. Opera Capital Partners uses a proven methodology for deals involving preparation, marketing, negotiation, and closing to help clients optimize growth and equity value.
Neenah Paper presented at an investor forum on March 19, 2012. The presentation discussed Neenah's business segments in technical products and fine paper, highlighting growth strategies for each segment. Key priorities included expanding internationally, entering new markets, and gaining share in target areas. Neenah aims to increase returns through profitable growth while maintaining financial strength.
This document provides a summary of an aircraft manufacturer:
1) The company was established in 1969 and has operations across four segments, including commercial and executive aviation, defense, and security. It has a global footprint and diversified customer base.
2) It has a strong balance sheet with a net cash position and investment grade ratings. The management team is highly experienced.
3) The company has a broad portfolio of commercial and executive aircraft, and is a leading supplier of regional jets between 30-120 seats. It has over 6,800 aircraft on order and forecasts strong future demand for its aircraft.
The document discusses trends in the global venture capital market from 2009. It provides background on what venture capital is and the types of private equity investments. It then reviews the history of venture capital, tracing its growth from the 1940s to present day. Key periods discussed include the internet boom and bust and the most recent credit crisis. The document also outlines typical venture capital fund structures, sources of funds, investment and exit trends, and how the venture capital market has changed in recent years with decreased fundraising and investment levels.
Rodman & Renshaw is a full-service investment and merchant bank committed to fostering growth companies. It has offices in New York, Houston, Calgary, and London. Rodman & Renshaw provides corporate finance, research, sales & trading, and after-market support services. It has a history of acquisitions and capital raises to diversify its geographic, sector, and product offerings. Rodman & Renshaw has been the top placement agent for PIPE and RD financings in recent years, arranging over $1 billion in deals in both 2010 and 2009.
Mobile presentation for retail connections slideshareLora Cecere
The document discusses the convergence of retail mobility and how it is impacting businesses. It notes that mobility is now a reality and companies need to be ready to address it. The role of supply chains in building market differentiation through mobility is also examined.
The document summarizes AutoZone's 2008 annual stockholders' meeting. It discusses AutoZone's position as the largest auto parts retailer in the US, with over $6.5 billion in annual sales. It highlights AutoZone's strategic priorities of growing its US retail and commercial segments, expanding in Mexico, and growing its ALLDATA business. The document also reviews AutoZone's strong financial performance in recent years and its focus on continued sales growth, improving customer satisfaction, and managing costs.
- Private equity investments in franchising businesses in India have grown significantly over the last 5 years, with over $1 billion invested.
- PE/VC investors are attracted to franchising due to its asset-light model, potential for scalability, and ability to pool interest from franchisees. However, risks include operational issues, brand dilution from lack of control, and contract violations.
- The broking industry has seen the most PE/VC investment in franchising, such as Motilal Oswal's $1.6 billion investment in Motilal Oswal Securities Limited.
1) TIM reported strong growth in the third quarter of 2012, with total net revenues increasing 8.0% year-over-year and EBITDA growing 7.5%.
2) Key highlights included solid growth in data revenues and customers, as well as recovery in postpaid subscriber additions following the sales ban earlier in the year.
3) However, recent events such as the dropped call report and tax issues created challenges for TIM's image and reputation that may impact performance going forward if not adequately addressed.
- Multiplus reported strong growth in 3Q11 vs 3Q10 with net revenue up 93.8% and net income up 63.8%
- Gross billings grew 94.3% to R$439 million driven by increases in points sold to both TAM and banks/retail partners
- Cost of points redeemed grew at a faster rate than revenue, reducing gross margin by 14.6 percentage points
- Operating expenses fell as a percentage of revenue, helping operating income rise 46.1% though operating margin declined
- Hedge gains contributed to an 18.9% rise in pre-tax income and net income margin was 17%
The document summarizes key trends in the Asia Pacific outsourcing market in 2011 based on an analysis of contracts over $25 million. It finds that while contract activity reached record levels, total contract value declined 10% from 2010 due to a rise in smaller deals. Total contract value was pulled down by weaker performance in India and key industries like financial services and manufacturing. However, the Asia Pacific market remains attractive with annualized revenue and active contracts growing at a 4-8% compound annual rate between 2007-2011.
- Multiplus is a growing loyalty network in Brazil with nearly 9 million members as of 3Q11, up 17% YoY. It had gross billings of R$397 million in 3Q11, up 32.4% YoY.
- The company aims to diversify its revenue sources beyond its main partner TAM Airlines. In 3Q11, 73% of gross billings came from TAM, down from 98% historically.
- Multiplus reported EBITDA of R$78.1 million in 3Q11, up 64.5% YoY, with a margin of 24.3%. Adjusted EBITDA was R$82.3 million, down 7% YoY
- Multiplus saw strong growth in 3Q11, with points issued up 38.5% YoY to 20.0 billion and gross billings up 32.4% to R$397.3 million.
- Net revenue increased 147.1% YoY to R$321.5 million. EBITDA was R$78.1 million, up 64.5% but margins fell to 24.3% due to investments.
- Cost of points redeemed grew faster than revenue due to redemptions increasing 171.7% YoY, leading gross margins to fall to 32.3%.
The document discusses the real estate and construction sector in Brazil. It makes the following key points:
1) The author's main concern regarding real estate companies has always been working capital management and cash flow, not demand or growth potential. Managing growth and the associated capital needs is the main challenge.
2) Considering construction financing, typical cash flow exposure for a real estate project should be between 20-30% of the project's potential sales value.
3) The author included construction financing in their models to better evaluate which companies may need extra funding to meet their growth guidance.
4) In addition to looking at future projections, the author analyzed price-to-adjusted book value multiples to find deep
1) This document presents information about SEB, a Nordic-Baltic banking group. It discusses SEB's markets, business areas, strategies for growth, and managing risks in the Baltic countries.
2) SEB has significant operations in the Nordic countries, Baltic countries, and Germany. Its main business areas are merchant banking, retail banking, and wealth management.
3) SEB's strategy is to focus on areas of strength, coordinate its universal banking offering, and achieve sustainable profit growth through productivity and operational excellence initiatives.
Thomason Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
The Family Wealth Goal Achiever™ is a plan design book (like a blueprint) that explains in easy to understand text and graphics the planning ideas being recommended by the planning team. It solves for high net worth tax planning, advanced estate planning, business transition planning, asset protection planning.
Learn more at www.inknowvision.com
1) John creates an irrevocable non-grantor trust to provide asset protection and estate tax savings for heirs.
2) John gifts $5 million of non-voting business interests to the trust and sells another $5 million of interests to the trust via an installment note.
3) Investments, LLC loans $5 million in cash/securities to the trust to provide cash flow to reinvest in the trucking business. The strategies are designed to maximize John's gifting amounts and reduce estate and income taxes while continuing to benefit his heirs.
The Progressive Corporation reported financial results for May 2004, with net premiums written up 16% and net income up 14% compared to May 2003. Key highlights included strong growth across personal and commercial lines of business, a combined ratio of 86.6%, and continued profitability in all but three personal lines markets. Policies in force also grew 15% year-over-year. Progressive continued to experience catastrophe losses which contributed to a higher loss ratio for the month.
FinSight - Exchange Traded Funds, the next game changer; Learnings from the g...South Asia Fast Track
Motilal Oswal Investor Relations FinSight article series - July 2012 - Exchange Traded Funds, the next game changer; Learnings from the global experience - Sourajit Aiyer
Opera Capital Partners is a financial advisory firm with offices in Paris and Stockholm. It has two main activities: family office and wealth management services with 130 million euros under management, and a corporate finance boutique specializing in mergers and acquisitions, private placements, and investor services for technology companies. The firm focuses on optimizing growth and equity value for entrepreneurs through private placements, M&A advisory, and other services. It has successfully completed several deals over the past two years and maintains connections in the venture capital community internationally.
Opera Capital Partners is a financial advisory firm serving entrepreneurs. It has two main activities: family office and wealth management, and corporate finance boutique. The corporate finance boutique focuses on mergers and acquisitions, private placements, and investor services for technology businesses. Opera Capital Partners uses a proven methodology for deals involving preparation, marketing, negotiation, and closing to help clients optimize growth and equity value.
Neenah Paper presented at an investor forum on March 19, 2012. The presentation discussed Neenah's business segments in technical products and fine paper, highlighting growth strategies for each segment. Key priorities included expanding internationally, entering new markets, and gaining share in target areas. Neenah aims to increase returns through profitable growth while maintaining financial strength.
This document provides a summary of an aircraft manufacturer:
1) The company was established in 1969 and has operations across four segments, including commercial and executive aviation, defense, and security. It has a global footprint and diversified customer base.
2) It has a strong balance sheet with a net cash position and investment grade ratings. The management team is highly experienced.
3) The company has a broad portfolio of commercial and executive aircraft, and is a leading supplier of regional jets between 30-120 seats. It has over 6,800 aircraft on order and forecasts strong future demand for its aircraft.
The document discusses trends in the global venture capital market from 2009. It provides background on what venture capital is and the types of private equity investments. It then reviews the history of venture capital, tracing its growth from the 1940s to present day. Key periods discussed include the internet boom and bust and the most recent credit crisis. The document also outlines typical venture capital fund structures, sources of funds, investment and exit trends, and how the venture capital market has changed in recent years with decreased fundraising and investment levels.
Rodman & Renshaw is a full-service investment and merchant bank committed to fostering growth companies. It has offices in New York, Houston, Calgary, and London. Rodman & Renshaw provides corporate finance, research, sales & trading, and after-market support services. It has a history of acquisitions and capital raises to diversify its geographic, sector, and product offerings. Rodman & Renshaw has been the top placement agent for PIPE and RD financings in recent years, arranging over $1 billion in deals in both 2010 and 2009.
Mobile presentation for retail connections slideshareLora Cecere
The document discusses the convergence of retail mobility and how it is impacting businesses. It notes that mobility is now a reality and companies need to be ready to address it. The role of supply chains in building market differentiation through mobility is also examined.
The document summarizes AutoZone's 2008 annual stockholders' meeting. It discusses AutoZone's position as the largest auto parts retailer in the US, with over $6.5 billion in annual sales. It highlights AutoZone's strategic priorities of growing its US retail and commercial segments, expanding in Mexico, and growing its ALLDATA business. The document also reviews AutoZone's strong financial performance in recent years and its focus on continued sales growth, improving customer satisfaction, and managing costs.
- Private equity investments in franchising businesses in India have grown significantly over the last 5 years, with over $1 billion invested.
- PE/VC investors are attracted to franchising due to its asset-light model, potential for scalability, and ability to pool interest from franchisees. However, risks include operational issues, brand dilution from lack of control, and contract violations.
- The broking industry has seen the most PE/VC investment in franchising, such as Motilal Oswal's $1.6 billion investment in Motilal Oswal Securities Limited.
Neenah Paper presented at the Marcum Microcap Conference on June 20, 2012. The presentation provided an overview of Neenah Paper, including its business segments, financial performance, strategic evolution, success factors in technical products, and strategic priorities. It noted Neenah Paper's leadership in performance-based technical products and printing papers, with manufacturing in Germany and the US. Financial metrics showed continued growth and margin expansion. The presentation highlighted the company's specialized technologies, customer relationships, and focus on higher-value products and international expansion.
Similar to In close race for No.1, Deloitte, PwC grow apace (13)
Budget 2014 was announced by the Swedish government on 9 April 2014. The new budget aims at encouraging education to improve the quality of the workforce
India Enacts Further Sections of the Companies Act, 2013Nair and Co.
With reference to the effectiveness of India?s new Companies Act, 2013, the Ministry of Corporate Affairs (MCA) has further notified 183 sections and schedules. The newly notified sections have come into effect 1 April 2014.
India Announces New Corporate Social Responsibility RulesNair and Co.
India has recently introduced legislation mandating the establishment of Corporate Social Responsibility (CSR) policies for both Indian companies as well as foreign companies operating in India.
United Kingdom – Budget 2014 AnnouncedNair and Co.
The Chancellor of the Exchequer recently presented the Budget for 2014-15. Significant measures include those for investment, savers, retirement and small & medium enterprises (SMEs).
Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...Nair and Co.
The Philippines' Department of Labor and Employment (DOLE) has introduced a new permit applicable only for the foreign nationals applying for 9(g) Pre-arranged Employment Visas, all other visa categories are exempted.
Argentina Clarifies Income Tax ProvisionsNair and Co.
Argentina has amended its income tax provisions relating to securities transactions and dividend distributions. Key changes include a 15% tax on gains from selling securities, a 13.5% tax on foreign shareholders' security sales, and a 10% withholding tax on dividends paid to local and foreign shareholders. Clarifications have provided some exemptions to the capital gains tax and guidance on calculating dividend withholding taxes. These amendments and clarifications apply retroactively to transactions since September 2013.
China Eases Tax Exemption for E-commerceNair and Co.
The Chinese Finance Ministry (MOF) and the State Administration of Taxation (SAT) have recently published a joint circular announcing easier eligibility requirements for tax exemptions for e-commerce exporters.
Belgium Introduces Changes to Employment Law RegulationsNair and Co.
Belgian Official Gazette recently published a new employment regulation outlining employment termination notice periods for both blue and white collar employees, effective 1 January 2014.
Germany Updates Minimum Salary Qualifications for EU Blue Card HoldersNair and Co.
The German government has raised the minimum salary qualifications for EU Blue Card holders effective January 1, 2014. The minimum gross salary for new Blue Card holders is now €47,600, up from €46,400 in 2013. The salary threshold for occupations with shortages is €37,128, up from €36,192 in 2013. Companies with operations in Germany should consider the increased minimum salary requirements when assigning EU Blue Card workers to avoid increased business costs.
Australia Increases Super (Superannuation Guarantee), the Required Employer R...Nair and Co.
The Australian government has announced significant changes to the Super regime. Super contributions will eventually increase to 12% by 2020, reports Nair & Co.’s International HR Team.
The Belgian government has decided to reduce the rate of withholding tax on dividends paid by small- and medium-sized enterprise (SME) to 15 or 20 percent, depending on certain conditions (from 25 percent).
Sir Alan Collins to Honour “Magical Team” at The Churchill Club Awards CeremonyNair and Co.
Nair & Co., a global integrated solutions provider helping companies expand internationally, is proud to be named as the sponsor of the Churchill Club “Magical Team” Award. Sir Alan Collins, the firm’s advisor to the Board, will be presenting the award at The Churchills 2013.
South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...Nair and Co.
The South Korean government passed the Tax Revision Bill in January 2013, which brings in significant changes to corporate and individual taxation provisions, for companies and foreign nationals working in the country, says Nair & Co.’s International Tax Consulting Team.
Australian Federal Court Clarifies that Reasonable Performance Management is ...Nair and Co.
In a case which involved Mr. Ramos and Good Samaritan Industries (GSI), Justice Barker has upheld Federal Magistrate Rolf Driver’s earlier verdict which held that reasonable performance management would not be considered as an adverse action.
India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...Nair and Co.
The Indian government has notified the rules to execute an amnesty scheme i.e. “Voluntary Compliance Encouragement Scheme” which was proposed in its February 2013 budget. A onetime reprieve will be given to service tax defaulters, who make a voluntary disclosure.
India passes finance bill for 2013 14- updates from international tax consult...Nair and Co.
The Indian parliament passed the Finance Bill for 2013-14 on April 30th. It clarified that tax residency certificates issued by foreign governments will be accepted as proof of residency for non-resident taxpayers claiming benefits under double taxation avoidance agreements. However, the government reserves the right to request additional documentation. The Finance Bill 2013 had sought to amend a 2012 provision making tax residency certificates not adequate for claiming treaty benefits, causing concern for non-residents. This issue has now been clarified.
Argentina Introduces New Systems for Recording Overseas Payments: Update from...Nair and Co.
The Argentinian government has introduced a new electronic system i.e. the “Single Electronic Window of Foreign Trade” which will enable data transfer and tracking of international trade transactions and commercial information, between different government bodies in Argentina.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
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1. In close race for No 1, Deloitte, PwC grow apace | Fox Business Page 1 of 6
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In close race for No 1, Deloitte, PwC grow FOLLOW FOX BUSINESS
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Published September 20, 2011 Reuters
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2. In close race for No 1, Deloitte, PwC grow apace | Fox Business Page 2 of 6
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3. In close race for No 1, Deloitte, PwC grow apace | Fox Business Page 3 of 6
Print SEPTEMBER 20, 2011 – By Dena Aubin
Email
NEW YORK (Reuters) - Forget struggling economies, aggressive
Share regulators, penny-pinching business clients.
Like 3
The world's two largest accounting and consulting firms are bulking up
with acquisitions and combing the globe for new hires.
28
4 More is at stake than bragging rights. Just as important is cementing
their status as professional service supermarkets, able to help clients in
almost any market where commerce transpires.
"The more they position themselves as a truly trusted one-stop solution
provider to clients, the more they can hope to be more immune to fee
pressures from clients that might increase if the economy worsened,"
said Ashley Newton, associate director at Kennedy Consulting
Research and Advisory.
Last year, a 15 percent jump in the consulting area helped Deloitte
overtake PwC as No. 1 in total revenues among the big four global
accounting and consulting firms, which also include KPMG and Ernst &
Young.
Deloitte claimed the lead by a margin of just $9 million, reporting
$26.578 billion revenues to PwC's $26.569 billion. Prior to 2010, PwC
had been the largest for at least five years, according to data from
Accounting News Report.
ASIA, MIDDLE EAST GROWTH TARGETS
One factor behind the win was Deloitte's decision to hold on to its
consulting arm about a decade ago while other audit firms shed theirs
amid concerns of conflict of interest.
The decision helped Deloitte keep its grip on the high-potential area of
information technology, a business with good growth prospects even in
a dodgy economy. Consulting got a further boost from Deloitte
acquisitions such as the government business of BearingPoint in 2009.
Although regulators in the United States and elsewhere have tightened
restrictions on the consulting services auditors can provide, consulting
has not been prohibited outright, and both Deloitte and PwC have
focused their consulting work largely on companies that are not audit
clients.
Powerful brand names and close ties with C-suite executives, built
partly through audit relationships, have helped make all of the big four
formidable competitors in consulting, according to Gartner Research.
"What the audit work does is allow them to create competence in an
industry," building credibility that is a big plus in pulling in consulting
work, said Gartner analyst Alex Soejarto.
The move into consulting has been going on for some time, partly
because it is far more profitable than mandatory audit work, said Arvind
Hickman, editor of International Accounting Bulletin.
"Audit is labor-intensive and has suffered a lot from fee pressure due to
the global financial crisis."
http://www.foxbusiness.com/markets/2011/09/20/in-close-race-for-no-1-deloitte-pwc-gro... 1/15/2012
4. In close race for No 1, Deloitte, PwC grow apace | Fox Business Page 4 of 6
PwC, which sold its consulting arm to IBM in 2002, has been rebuilding
its consulting muscle with acquisitions such as Paragon Consulting
Group and the commercial services business of BearingPoint in 2009.
Over the past 12 months, it picked up 700 consultants with its purchase
of management consulting firm PRTM and hundreds more through its
acquisition of Diamond Management & Technology Consultants.
Recently it announced it was building its edge in the so-called
sustainability or responsible resource use area, by taking on "green"
business consultant Andrew Winston as an adviser.
Still the worldwide leader in audit revenues, it also has targeted
emerging markets such as India, China and the Middle East to rev up
growth.
Deloitte has bought a slew of consulting firms, including energy
consultants Altos Management Partners and AJM Petroleum
Consultants; performance management advisory firm Jackson Browne;
economic consultancy Access Economics and business analytics firm
Oco. It also beefed up in the sustainability area, picking up Clear
Carbon Consulting and DOMANI Sustainability Consulting.
Full-service clout has helped the firms compete against a range of firms,
from management giants such as McKinsey to technology consultants
such as IBM Corp <IBM.N> and Accenture <ACN.N>.
HIRING NONSTOP
Both Deloitte and PwC have been hiring nonstop.
PwC said its member firms across the globe hired about 45,000 new
staff in the 2011 fiscal year ended in June. Deloitte will not announce its
hires until it releases fiscal 2011 revenue figures, but said it was on
track with a projection announced last year of 50,000 hires a year
globally over the coming five years.
The big four are expected to report their fiscal 2011 revenues in coming
weeks and any significant growth will likely once again be in the
consulting area, said Jonathan Hamilton, managing editor of Accounting
News Report.
"The audit business, while certainly the staple of all these firms, is a
slow-growth business," Hamilton added.
The firms' growth raises challenges, however, such as assuring quality
as their empires expand.
"They are really individual firms that are badged together, but they don't
have a tight centralized control," said Shan Nair, chief executive of Nair
& Co, which advises companies on international expansion and works
with the big four firms.
More worries loom from stepped-up regulatory scrutiny. As consulting
revenues grow, complaints are surfacing again that firms will be
tempted to go easy on audit clients for the sake of winning or keeping a
consulting job -- a charge the audit firms deny.
Last week, European Union lawmakers approved a report that calls for
barring auditors from providing audit and non-audit services to the same
client. The report is nonbinding but could shape a draft law in the works.
http://www.foxbusiness.com/markets/2011/09/20/in-close-race-for-no-1-deloitte-pwc-gro... 1/15/2012
5. In close race for No 1, Deloitte, PwC grow apace | Fox Business Page 5 of 6
PwC and Deloitte both said there was no conflict of interest in the Report: S&P to
Downgrade 'Several'
consulting services they provide. Much of their consulting is done for Eurozone Countries
companies they do not audit and they follow regulators' standards and
companies' own restrictions on the kind of consulting they do for audit
clients.
Greece Debt Swap
Talks End Without
PwC also said it follows a code of ethics set by the International Ethics Deal
Standards Board for Accountants to assure its independence.
Also to the firms' advantage, much of their consulting work -- such as
Stocks Claw Back
helping companies cut costs and become more efficient -- should be in From Heavy Losses,
Still End Down
demand even if the economy slows, analysts said.
"All-in-all, I'd say they're generally taking a pretty prudent approach to
expansion, even if it is aggressive," said Newton at Kennedy Consulting
Research. Show More
More Stories ›
(Reporting by Dena Aubin; editing by Howard Goller and Andre Grenon) BUSINESS SOLUTIONS
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