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KPMG Reports Business Tax Costs By City San Juan, Puerto Rico, Baltimore and Atlanta have the most favorable tax structures for businesses among U.S cities/locations with populations exceeding 2 million, according to a study released by KPMG.

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IIA Releases New Global IT Guidance The Institute of Internal Auditors has published two new editions in its series of Global Technology Audit Guides. More U.S. Workers Getting Global Assignments Dahn, 41, a partner in the accounting firm KPMG LLP, happened to peer inside a conference room around noon at one of his company's offices and what he saw blew his mind. China Ranks First in U.S. Business Climate Survey China was ranked as the best country outside the United States for business investment, according to a latest survey of top U.S. corporate executives. Global Talent Shortage Continues in Accounting, Finance A shortage of experienced accounting and finance professionals continues to affect employers around the world, according to the second annual Robert Half Global Financial Employment Monitor. IFAC Clarifies Ethics Code for Accountants An independent standard-setting board within the International Federation of Accountants has proposed changes to the IFAC Code of Ethics for Professional Accountants. New IFRS XBRL Taxonomy Released The International Accounting Standards Committee (IASC) Foundation announced the release of the IFRS Taxonomy 2008. China Pushes Forward Producing Accounting, Auditing and Financing Talents China's three National Accounting Institutes are to teach annually 100,000 people and help them become senior professionals in accounting, auditing, and financing over the next five to ten years, Finance Minister Xie Xuren said. Senators Urge Crackdown on Overseas Tax Havens Senators on a key tax panel demanded a crackdown on offshore tax havens in the wake of a new report that one building in the Cayman Islands is used as a business address for more than 18,000 companies. Senate: UBS, Liechtenstein Aided U.S. Tax Cheats A U.S. Senate subcommittee accused banks in Switzerland and Liechtenstein of helping wealthy Americans evade billions in taxes each year, and urged the establishment of tougher laws to combat offshore tax havens around the world. AICPA Names Top Scoring CPA Exam Candidates The American Institute of Certified Public Accountants announced the 10 candidates who earned the highest cumulative scores on the four sections of the CPA Exam. PwC Rolls Out IFRS Ready In a speech to accounting professors and corporate executives here at PwC University for Faculty, PricewaterhouseCoopers U.S. Chairman and Senior Partner Dennis Nally announced the firm's release this month of a full suite of educational tools and programs designed to help American accounting students learn the fundamentals of International Financial Reporting Standards (IFRS). AICPA, IASeminars Partner for IFRS Training The American Institute of Certified Public Accountants has teamed up with IASeminars, a leading global provider of training courses on International Financial Reporting Standards, to offer CPAs and other financial professionals a comprehensive range of IFRS training solutions.

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