What is the Green Deal all about?
Launching the Green Deal, a new strategy for green growth, on 11 December, the European Commission made a powerful move to voice out its ambition for establishing Europe as the first net-zero greenhouse gas emi…
Free Trade between the EU and Singapore
On 21 November 2019, an agreement on economic partnership was entered into between the EU and Singapore. Since then, all products originating in the EU may be imported to Singapore without customs duties. Simil…
From the practice of the Supreme Administrative Court: R&D tax relief
The Supreme Administrative Court (“SAC”) issued two important rulings in relation to the tax-deductible items for research and development (“R&D”). In the first case, the SAC dealt with a possible bias of t…
Czech Christmas in America
It was a six-hour drive from Philadelphia to a small village in Massachusetts to visit Grandma and Grandfather for Christmas. During the journey, Count Henry Francis Kolowrat would sit with a dog named Red in h…
Enterprises and crisis management: How to efficiently avoid problems and reduce any potential losses?
Effective management and overcoming sudden crises is one of the principal tasks of each management team. It is a far from a simple mission– there are usually numerous important factors and consequently every mi…
FASB changed effective dates of certain standards
The Financial Accounting Standards Board (FASB) has issued a communication around the new or finalized effective dates for most recent standards. Changes allow more time to implement and adopt credit losses, le…
IFRS EU Endorsement Process [November 2019]
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 6 November 2019.…
Tax package introducing changes in consumption and gambling taxes passed by the Chamber of Deputies
On 6 November 2019, the Chamber of Deputies passed a bill amending selected tax legislation in relation to increasing the public budget income. The amendments concern, inter alia, consumption and gambling taxes…
How to make the most of work meetings? Set expectations, rules and roles of individuals
Meeting. Status. A principal business instrument on how to move swiftly forward, agree, and allocate tasks in a clear, organised and effective manner. At first glance, the easiest thing which often results in a…