GLG News by Retail Industry Financial Statement Analysts

Nitish GroverPrincipal, OwnerNitish Grover and Associates

What are the transfer pricing problems for companies doing business in India?

September 2, 2011

Analysis of:Under the garb of Transfer Pricing, Indian arms of Foreign IT Firms IBM, Accenture, Capgemini under-report revenues | economictimes.indiatimes.com

India has long battled problems with tax evasion and tax avoidance. With enhanced economic growth and more multinationals setting up in India, the problem of companies transferring profits overseas to their home country or a third country by underreporting their Indian revenues has become rampant. This practice is made possible by the different tax rates in various jurisdictions across India and also because of companies “treaty shopping” under double taxation avoidance agreements.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

The realignment of currencies and effects on accounting statements

August 22, 2011

Analysis of:Yen and Gold Soar on Recession fears | www.ft.com

 As the value of gold increases, the relative competitiveness of economies is being affected. It may even alter how companies report their performance.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

IFRS and The Continuing Roundabout Discussion - Its Politics Not Accounting

July 16, 2011

Analysis of:Investors Defend FASB Role on IFRS | www.cfo.com

The referred news article relates the views of certain individuals that the IASB may not be able to properly administer International Accounting Standards without being politically influenced. They argue that the FASB is better placed to develop accounting standards and withstand political pressure. In this analysis I look at some aspects of  the debate.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Greece - The End of The Road for The Euro? Accounting Implications?

June 19, 2011

Analysis of:Papandreou Pleads for Unity on Crisis | www.ft.com

While Greece, Ireland and the rest of Europe ponder over the debt crisis which goes hop skip and jump I start to wonder whether the Euro is headed for a demise or slide into oblivion. I also give below my thoughts on accounting implications of the present crisis.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Offshoring - The Unstoppable Vehicle?

May 29, 2011

Analysis of:Offshore Outsourcing: For Smaller Companies Too | www.cfo.com

The referred article speaks of offshoring and outsourcing making sense for small companies also as against only larger companies. In this analysis I look at why and how outsourcing is progressing and why it may face economic obstacles atleast so far as expansion in India is concerned.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Accounting Convergence - The Uphill Climb

April 28, 2011

Analysis of:Accounting Boards Delay Convergence Beyond June 30 | www.cfo.com

The way in which the convergence of accounting standards is progressing reminds me of  the progress of  the pilgrim in The Pilgrims Progress by Bunyan. The path to convergence is not easy and as the pilgrim found different sources of distraction before  reaching the celestial city the route to convergence is as meandering, difficult and distracting. In this analysis I look at some of  the road blocks which lie ahead before and if we are able to achieve full convergence of accounting standards.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Transfer Pricing and Profit Planning a Fact of Business

March 28, 2011

Analysis of:G.E.'s Strategies Let It Avoid Taxes Altogether | www.nytimes.com

The referred article refers to proper tax planning by businesses while planning  their operating portfolios across nations. The endeavor to take advantage of tax planning across borders is a centuries old tradition of business, wealth management and profit planning and management. In this analysis I take a look at how GE has apparently achieved a few extra heights in this endeavor.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

The Possible Effects of the Japanese Tsunami on International Accounting

March 21, 2011

Analysis of:Crises in Japan Ripple Across the Global Economy | www.nytimes.com

The Japanese Tsunami has brought about major economic and social effects apart from the nuclear crises and upheaval. In this analysis I look at how this could effect the development of global accounting standards.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Possible Effects on Tax Policy of Recent Political Developments in India

March 18, 2011

Analysis of:India PM Denies Wikileaks Allegations | online.wsj.com

The Indian Government has been under tremendous pressure in respect of corruption allegations for the last one year. In this analysis I dwell on possible effects of these developments on changes in  tax laws and tax administration.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

India Budget 2011 - Possible Impacts on International Companies

February 20, 2011

Analysis of:India Signs Tax Information Exchange Pacts to Avoid Tax Evasion | economictimes.indiatimes.com

The coming budget will in my view have a major impact on how international companies invest and divest in India. In this analysis I highlight some of the possible effects on this area of finance.

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