Around the world, countries, businesses and institutions are undergoing unprecedented change with new challenges and opportunities every day. Keeping this in mind, KPMG's study 2012 Change Readiness Index assesses these countries' on their ability to manage change and cultivate opportunity in the future.
Billionaire Mukesh Ambani's Reliance Industries has started a limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest USD 5.7 billion in digital assets controlled by the company. JioMart, an e-commerce venture of Reliance Retail, "has already started interacting with customers on WhatsApp for grocery orders" in Navi Mumbai, Thane and Kalyan, Credit Suisse said in a report.
Let's take a look at how fraud has grown in the country.
Interview with Richard Rekhy, chief executive officer of KPMG India.
Cars and two-wheelers attract 28% GST and a cess in the range of 3-22%, taking the effective tax rate to up to 50%.
While the tax-to-GDP ratio of 9.88 per cent has been assumed for FY21, the same as last year, when it touched a decadal low, for FY22 a ratio of 10.7 per cent has been assumed, an average of the last five years.
There are some countries where more than 50 per cent of the income goes to taxes.
Let's take a look at effective income tax and Social Security rates on $100,000 of gross income around the world.
US and China will remain at the forefront of global technological innovation with the cloud-enabled consumer technology and business transformation for enterprises leading the chart.
According to India Fraud Survey 2012, 71 per cent of the companies surveyed felt fraud had become an 'inevitable cost of business'.
Masood Imad, media secretary to the Maldivian President, says: "We have asked MACL to hire a firm like KPMG to conduct a forensic audit of the firm's accounts.
Of the top 10 companies expected to gain market share in future, only two Volkswagen and BMW come from Western nations.
To decide if the business should be demerged or to go for an IPO.
The hostile environment towards outsiders under the Trump government is a major reason, say experts.
Sean F Foley, global leader of KPMG Transfer Pricing Services, who has also been an APA tax administrator for the American government agency, tells Business Standard companies are optimistic but cautious about the development.
Several industry verticals such as food and beverage, education, fashion and tourism are leveraging their growth by franchising their products under various formats.
World's highest top rates of income tax are found in Aruba and Sweden.
According to CNBC's list based on KPMG's 2011 survey of 96 countries, these eight nations don't have to pay any income tax to their government.
It's not just the archaic tax laws but the anomalies that make the taxpayer's life difficult.
The report, to be released in Japan at the India-Japan Business Summit on the completion of 60 years of diplomatic relations, has termed infrastructure as the biggest bottleneck that has threatened the sustainability of India's economic growth.
With world's population rising, it is imperative to have an efficient, cost effective and green form of urban transport.
Experts said many firms had unbilled assets on their books.
Food inflation, which remains remarkably high at over 12 per cent, could be tamed through innovative agriculture business models, a KPMG report said.
This will be the second high-profile exit from the company in recent months after Arun Kapur, the former chief executive, quit late last year.
The Board of Control for Cricket in India president Anurag Thakur, on Thursday, wrote an emotional letter to all state association stating that "in light of recent comments made against Indian Premier League, all members need to collectively decide, whether to stop this 'extravaganza'."
The company is likely to choose one of its existing auditing partners -- PricewaterhouseCoopers, EY (formerly Ernst & Young) and KPMG -- as an advisor for the listing process.
A large number of consumers use their cellphones to research products and services in stores and they are increasingly willing to share usage data with advertisers, but most have concerns over the security of mobile transactions, says a KPMG report.
In 2015, India's domestic aviation market clocked 81 million flights.
After the terrorists attacks on the United States in September 2001, financial institutions across the world launched an unprecedented campaign to crack down on money laundering.
Speaking at the annual management conclave 'Confluence 2014' held at the Indian Institute of Management, Ahmedabad (IIM-A), Rekhy stated that automation in manufacturing such as 3D printing will result in loss of job creation in the industry.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
The new restriction will be challenging for businesses, as they will have to do regular follow-ups with their suppliers.
The probe agency found irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank to the travel firm.
Industry had sought this 3-month extension, specifically for players struggling to collate the information that are required to be disclosed in the GST forms.
Cricket South Africa chief executive Gerald Majola may still have to face charges over alleged irregularities in IPL bonuses paid to him and other CSA staff two years ago, according to reports.
Shiv Sena has so far expressed concerns over car shed for the city's planned metro network, the bullet train and the West Coast refinery projects.
There is considerable speculation as to whether this award would have any bearing on another Vodafone-type case, namely, the ongoing tax-related arbitration proceedings with Cairn Energy.
Experts believe modifying the placement model is a good decision given the changes that campus recruitment has undergone globally, says Vinay Umarji.
Trade buyers in emerging economies appear to be losing their appetite for merger and acquisition (M&A) targets in developed nations, says a KMPG report.
Rajiv Bansal's severance payment was Rs 17.38 crore
