Bookkeeping

In cases where multiple parties have unilateral decision-making rights over different activities, it may be possible that each party controls only certain assets or a ‘ring-fenced’ segment of a larger entity. That portion of an investee should be consolidated as if it were a separate entity or a ‘silo’. Thus, power is assigned to the […]

Its wide-ranging provisions, aimed at reducing tax liabilities for individuals and businesses, are set for a reevaluation as we approach their expiration. This presents a pivotal moment for legislative bodies to review the effectiveness of these measures and decide on their future, impacting how taxpayers will engage with the tax system in 2025 and beyond.