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Concur inks first ever deal with Nextgen in the driver’s seat

Cloud-based travel, expense and supplier invoice management systems vendor Concur have inked its first every distribution deal – signing Nextgen Distribution in an ANZ wide deal. John Walters, Nextgen Distribution group chief executive, says the deal provides...

75% of GCC firms ‘have yet to engage VAT advisors’

Three-quarters of GCC firms have yet to engage with their tax advisor on the subject of value-added tax (VAT), study claims. A survey showed that the vast majority - 88% - of respondent firms have not made budgetary provision for VAT, despite analysts predicting it...

H&M Sales Including VAT Rise In May, Q2 – Quick Facts

(RTTNews.com) - Swedish retailer Hennes & Mauritz AB or H&M (HNNMY.PK, HMRZF.PK, HEN.L) reported Thursday that its sales including VAT for the month of May increased 4 percent in local currencies. Converted into SEK, sales increased by 8 percent. The company...

Addressing tax treaty abuse

Governments worldwide have been up in arms against the egregious tax planning undertaken by multinational corporations. Taxpayers take advantage of the vast tax treaty network that countries have in place and can inappropriately reduce their tax liability to an extent...

UK’s Labour seeks to woo voters with prospect of VAT cuts

Britain's opposition Labour Party will offer voters in Thursday's election the prospect of a cut in value-added tax, the party's top finance official John McDonnell was quoted as saying by a newspaper. The interview was conducted before Saturday's van and knife attack...