India-Kbuzz Sector Insights: December 2011This issue covers topics on the slowing down of economic growth, declining production, possible fiscal slippage at the end of the year, increasing outflows and slumping exports. Federal Consultations on Taxation of Corporate GroupsThe Department of Finance launched formal consultations on the taxation of corporate groups. KPMG strongly supports Finance’s stated tax policy objectives for a new system for the taxation of corporate groups as set out in the consultation paper. IFRS Practice Issues: Leases of landThis edition considers the requirements of IAS 17 Leases in respect of leases of land, including the land elements of combined leases of land and buildings. Partnership Filing Exemption TightenedThis article discusses the CRA’s change to its administrative policy allowing an exemption for certain partnerships with five or fewer members from filing an annual partnership information return. Power and Utilities: KPMG’s Profile and PerspectivesAround the world, the power and utilities sector is facing unprecedented change and challenges. Businesses in this sector need forward thinking advice and practical strategies from professionals who understand their businesses and their challenges. KPMG’s 2010 Energy SurveyThis survey report provides quantitative findings on executives' outlook on capital spending, M&A, the global workforce, industry challenges, alternative energy, commodity pricing, and operating costs |