Viktor Gauk

#PLFG |📣 📣 The High Council of Public Finance has published its opinion on the draft end-of-year budget bill for 2024. ⬇ ·      The macroeconomic forecasts are unchanged since the draft budget bill for 2025 on which the High Council issued its opinion on 8 October. The High Council considers that the forecasts for growth (+1.1%) and inflation (+2.1%) are realistic, although the inflation forecast is a little high.   ·      The public balance for 2024 would be -6.1 points of GDP, also unchanged from the forecast in the draft budget bill for 2025. The High Council considers this forecast plausible. It highlights the exceptionally large deterioration outside of a crisis period (1.7 point of GDP, i.e. €50bn) compared with the public balance forecast in the draft budget bill for 2024 (-4.4 point of GDP) which the High Council considered optimistic at the time.   ·      The High Council notes that in 2024, the increase in the deficit, combined with the fall in inflation, will result in a significant rise in the public debt ratio, forecast at 112.8 points of GDP, i.e. +2.9 points compared with 2023.   ·      The High Council of Public Finance points out that guaranteeing the medium-term sustainability of public finances requires both immediate and sustained efforts over the long term. It is therefore essential for France to respect the trajectory of the medium-term fiscal-structural plan in order to keep control of its public finances, control its debt and avoid further erosion of its position within the eurozone, while at the same time financing priority investments and preserving its growth potential. To read our opinion ➡ https://lnkd.in/eQ7RmV5t

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📣 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗜𝘀𝘀𝘂𝗲: 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗧𝗮𝗰𝗶𝘁 𝗖𝗼𝗼𝗿𝗱𝗶𝗻𝗮𝘁𝗶𝗼𝗻 📣 This special issue presents a collection of thoughts and reflections on Hendrik Vollmer’s (2019) thought-provoking article “Accounting for tacit coordination: the passing of accounts and the broader case for accounting theory”. The special issue aims to stimulate scholarly debates around accounting theorising as well as the broader role of accounting journals in producing novel insights. As Thomas Ahrens and Lukas Goretzki, QRAM’s two editors, put in their editorial to the special issue: “In this spirit, we invite the QRAM readership to join the debate around tacit coordination and the many other debates that spread through the journal’s publications. We are open to suggestions for other debates around published papers or groups of such papers with special resonance for our community.”   📰 Thomas Ahrens & Lukas Goretzki (editorial) 🔗 https://lnkd.in/diarm7DM   📰 Hendrik Vollmer: Accounting theory, ethnography, and the silence of the social 🔗 https://lnkd.in/dDxFxbXd   📰 Thomas Ahrens: Tacit coordination as a background practice to accounting practices – reflections on Vollmer’s case for a sociological super-theory of accounting 🔗 https://lnkd.in/d_eEvxSV   📰 Christian Huber: Whereof we cannot speak … a comment on Vollmer (2019) 🔗 https://lnkd.in/dZHmnm6Y   📰 Tommaso Palermo: How do accounts pass? A discussion of Vollmer’s “Accounting for tacit coordination” 🔗 https://lnkd.in/dk_uGuRh    Access the special issue here:  https://lnkd.in/dgSZp2nw #QRAM #QRAMJournal #specialissue #tacitcoordination #managementaccounting #qualitativeresearch

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#Scope limitations are barriers put up by an #auditee to prevent the #auditor from discovering the truth and destroy an auditor’s #independence. This eventually catches up to the auditee, but not after squandering valuable resources. https://lnkd.in/geVXKH8D #scopelimitations

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Audit / Tax / Advisory – These are the key elements of our long-standing business partner Crowe Frankfurt. With their yearly “Tax Update” meeting, they keep our member airlines informed about new regulations and changes in the field of tax legislation. This time, Annekatrin Kuefner, Arzu Güven, and Michael Schmitz gave an update on the following topics in particular: Air traffic tax, payroll, and value added tax. BARIG Executive Director Michael Hoppe also joined the meeting to present current developments and challenges in the aviation industry.   #BARIG #CroweFrankfurt #tax #consulting #advisory #steuerberatung

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#German: VAT One-Stop-Shop guidance released by the Federal Central Tax Office covers registration, deadlines, exemptions, and compliance for cross-border VAT Read More: https://lnkd.in/euS9Yph2 Follow us for the latest VAT updates. #vatcompliance #vat #GlobalVATCompliance

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Auditchain Labs AG and XBRL Switzerland Announce Release of Next-Generation Swiss #XBRL #Taxonomy for Public Consultation. The Swiss accounting, reporting, and tax stakeholder community are urged to participate in the request for comment “RFC” process. #Tax #FinancialReporting #SwissGAAPFER #Web3 #AI #ArtificialIntelligence #DePIN #Accounting #Switzerland https://lnkd.in/e8Cu7VQ3

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#germany #TAXrebates #foreignworkers Germany mulls new tax rebates for skilled foreign workers The German 🇩🇪 government's recent measures aimed at making the country more attractive to businesses include 👉 tax benefits, 👉 incentives for longer work before retirement, and 👉 efforts to reduce bureaucratic hurdles. In addition, there's a plan 👉 to increase the immigration of skilled foreign workers with a proposed tax rebate system for these professionals during their initial first three years in Germany. However, these initiatives have sparked criticism within Germany. Opposition politicians and trade unions have voiced concerns, labeling the tax rebate for foreign professionals as discriminatory towards domestic workers. They argue that such policies could harm social cohesion. This debate highlights a tension between promoting economic competitiveness through attracting skilled foreign labor and addressing domestic concerns about fairness and equality in the labor market. What is your opinion? How should Germany face these challenges while pursuing economic growth? #economicgrowth #Germanlabor https://lnkd.in/dPVMWZKW

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IAS 36 normally requires an assessment of impairment if there is an internal and/or external indicator(s) of impairment. Impairment is recognised if the recoverable amount of an individual asset or cash-generating unit (CGU) is less than the carrying amount. There are however mandatory annual impairment tests required for: Goodwill Intangible assets with indefinite lives Intangible assets not yet ready for use The above tests are required irrespective of whether there is an internal and/or external indicator(s) of their impairment. If your entity has any of the above assets, it will be essential to demonstrate that the impairment test has been undertaken and the conclusions reached should be verifiable. #finance #accounting #financialstatements #internalaudit #externalaudit #charteredaccountants

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FASTER Directive - Faster and Safer Relief of Excess Withholding Taxes On the 14th of May 2024, the Council of the European Union agreed on the FASTER Directive, an initiative aimed at aligning and securing the procedures for obtaining efficient relief from excess withholding taxes, with the aim of promoting cross-border investment and deterring abuse. Read More - https://lnkd.in/dwgCyGez

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Want to learn about #POS and #TSE reporting obligations in #Germany? Check out the JB Fiscal Consulting #fiscallibrary! 👉 https://lnkd.in/dXxTdnNv If you have any questions about Germany or other fiscal regulations worldwide, feel free to reach out! 📧 [email protected] #jbfiscalconsulting #retailing #pointofsale #consulting

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The Hungarian-Swiss double taxation is governed by a bilateral tax treaty signed originally in 1981, and later updated in 2013. With its newest amendment, it will reflect international reforms and economic relations between the two countries will be further strengthened, which is a priority for both sides. You can read more about the topic in Dénes Dr. Glavatity's recent article on CEE Legal Matters: https://lnkd.in/dHgdaPPB #tax #doubletaxation #reforms #legalupdate #kcgpartners

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#InternationalTax #WorldTaxNews [New Column] Taxmann’s World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week. Topics Covered: • Austria Ministry publishes a Decree suspending treaty with Russia • Georgia introduces tax exemption for foreign enterprises registered in preferential tax countries • Malaysia releases public ruling amending the existing tax treatment of investment Holding Companies • Luxembourg proposes reduced corporate income tax rates from January 2025 Read the Full Column: https://lnkd.in/gwDjyXhY [4 Mins | Read Time] Drafted by Taxmann's Editorial Team 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://lnkd.in/dXuaSZhc #TaxmannUpdates #TaxTreaty #CorporateTaxRates #TaxTreatment

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