Goods and services tax (GST) was first introduced in Singapore under the Goods and Services Tax Act (GSTA) on 1 April 1994.

In the fervor of conducting trade globally, U.S. companies may inadvertently expose themselves to risk by having inadequate policies, procedures, and monitoring controls to prevent and detect corrupt payments to foreign officials.

The new assessment standards are deliberately designed to protect privately held companies from risks associated with the increasingly complex activities of the 21st century — e-commerce, global competition, and outsourcing of business operations overseas — as well as errors in judgment or fraud among management. Author Craig Funkhouser explains how the eight new standards will affect companies’ documentation procedures for audits and why the biggest audit overhaul in the past 30 years was neces

Mortgage fraud is a significant contributing factor to the subprime mortgage meltdown and the ensuing global credit crisis.

Plaintiffs in MHC Mutual allegedly purchased securities issued by United Western Bancorp, Inc. in a public offering held September 17, 2009.

Donors are eligible for a 250% tax deduction for qualifying donations made to Institutions of a Public Character and other qualifying recipients from 1 January 2009 to 31 December 2015.

At this time of the year, most business owners and managers are updating plans for 2014. These plans might include budgeting for financial and employee growth, plans for launching a new product, or opening a new office to serve customers.

Emerging markets are becoming increasingly attractive to 63 per cent of UK businesses, with 75 per cent eyeing Dubai as an overseas business location to expand into as the UK will no more be...

Increasingly, transfer pricing documentation is an important focus area for both taxpayers and tax authorities.

With effect from year of assessment 2018, the total amount of personal reliefs that a tax resident individual can claim will be capped at $80,000 per year of assessment.

The United States is stepping up its enforcement of the Foreign Corrupt Practices Act of 1977 (FCPA), and violations of the act carry steep fines and other penalties.

Attorneys who serve individuals or companies with international operations should be aware of the recent focus by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) on violations of the "Foreign Corrupt Practices Act" (FCPA).

The statistics are showing positive signs in the hotel industry.

How can Singapore adapt and thrive in a rapidly changing world? Addressing this question was one of the main focuses of this year's Budget Statement.

Financial statement fraud can have severe consequences. In examining financial statements, professional investigators often focus their attention on certain red flags

This year has seen a resurgence in deal–making activity around the world. This resurgence is being fueled by cheap debt, increased boardroom confidence and the return of growth after the 2008 financial crisis.

An employer who repudiates an employment contract may be found liable for unfair dismissal and/or for breach of contract.

In today’s rapidly shifting market, financial institutions, investors, and legal and financial advisers need to be aware of the financial issues related to subprime lending and mortgage-backed securities.

On Dec. 4, 2007, the Financial Accounting Standards Board (FASB) issued FASB Statement of Financial Accounting Standards No. 141 (revised 2007), "Business Combinations" (FAS 141(R)),1 a replacement of FASB Statement No. 141.

In litigation associated with intellectual property (IP) — patents, trademarks, copyrights, and trade secrets — management’s and counsel’s attention may be directed more to the liability dimension of a case than to the issue of damages.