Financial Reporting Council and Profit shifting: Difference between pages

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m (Replaced Board for Actuarial Standards with Actuarial Council)
 
imported>Doug Williamson
(Create the page from Base erosion and profit shifting page.)
 
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(FRC).  
''Tax''.


The regulatory body in the UK that sets, monitors and enforces accounting, auditing and actuarial standards.
Tax payer action that reduces the taxable profit in a jurisdiction by shifting it to a jurisdiction where it will be taxed at a lower rate or not taxed at all.
 
This is generally seen by tax authorities as potentially abusive, even if legal.


Its functions also include overseeing the regulatory activities of the professional accountancy bodies regulating audit, and promoting high standards of corporate governance.




== See also ==
== See also ==
* [[Accounting standards]]
* [[Accounting Council]]
* [[Auditing Practices Board]]
* [[Actuarial Council]]
* [[Financial Reporting Review Panel]]
* [[Professional Oversight Board]]
* [[UK Corporate Governance Code]]
* [[UK Stewardship Code]]
* [[Conduct Committee]]


* [[Base erosion and profit shifting]]
* [[Tax avoidance]]
* [[Tax evasion]]
* [[Transfer pricing]]
[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 07:02, 15 September 2014

Tax.

Tax payer action that reduces the taxable profit in a jurisdiction by shifting it to a jurisdiction where it will be taxed at a lower rate or not taxed at all.

This is generally seen by tax authorities as potentially abusive, even if legal.


See also

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