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Date of publication: 2023

A Harmonious Event: AGN 2023 World Congress in Tokyo

PRESS RELEASE: 9 November, 2023 – The AGN 2023 World Congress, held from November 5th to 7th, 2023, in Tokyo, Japan, brought together over 100 members.

Tokyo, renowned for its unique culture, cutting-edge technology, and innovation, provided the perfect backdrop for the event theme – “Culture: the values and changes in business and life.”

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ESG – Reducing Risks and Identifying Opportunities

AGN Global Business Voice: Practice Management

The Essential Guide to Environmental Social & Governance (ESG) for Accountants – Reducing Risks and Identifying Opportunities. For now, ESG issues only really impact larger firms serving public interest entities, and smaller-to-medium-sized practices probably have five to ten years to make any changes needed – right?

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AGN Taxpresso: 2023 – Issue 3 (Asia Pacific Tax Publication)

Inside this issue, Richard Ashby at AGN Member Firm Gilligan Sheppard in New Zealand provides insight into the new Government and what impact this will have on taxes. Muhammad Kamil Gohar at AGN Member Firm RASG in India provides insight into taxes related to the digital economy.

A summary of each article follows. Download the publication for a comprehensive read.

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Is the EU Commission now “greenwashing” CSRD sustainability reporting?

News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)

As it did with the EU Taxonomy Regulation, we question whether the EU Commission is now “greenwashing” CSRD sustainability reporting.

After the European Financial Reporting Advisory Group (EFRAG) “expert group” submitted its drafts on Set 1 of the European Sustainability Reporting Standards (hereinafter EFRAG-ESRS) to the EU Commission in November 2022, the Commission published its revised versions on June 9, 2023 (hereinafter EU-Com.-ESRS) and put them out for public consultation.

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IRS Issues Moratorium on ERC – What You Should Do Next

Contributed by: Windham Brannon.

On Sept. 14, 2023, the Internal Revenue Service (IRS) announced a moratorium on processing new Employee Retention Credit (ERC) claims effective Sept. 14, 2023, to Dec. 31, 2023. The moratorium comes with continued mounting concern regarding questionable ERC claims and potential scammers, as well as concerns from tax professionals. Now that the moratorium is here, what should the next move be for taxpayers who already filed their ERC claim?

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Navigating the EU Foreign Subsidies Regulation: Implications for Swiss Companies

AGN EMEA Tax Committee News.

On October 12, 2023, the European Foreign Subsidies Regulation (FSR) will take effect, impacting Swiss companies and foreign entities operating in Switzerland.

The FSR introduces notification requirements for large business transactions and public procurement, containing a broad definition of subsidies, including tax benefits, grants, loans, and guarantees. As the deadline approaches, Swiss businesses must prepare for compliance.

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