Budget 2018: How Modi government can push civil aviation sector by reviving MRO industry

With Indian carriers expected to increase their fleet size to 1,740 planes in the next 20 years, the domestic MRO market is projected to be worth USD 5.2 billion by 2026, according to leading consultancy KPMG. It also projects over ten-fold increase during the next ten years in MRO industry's revenues ...
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Advisers on Hinkley Point C nuclear power station had 'cosy' ties to both sides

Consultancy firms working for the government on the Hinkley Point C nuclear power station were advising the project's Chinese investor and its French builder at the same time, an investigation by The Times has revealed. KPMG, the professional services group, was paid £4.4 million between 2012 and ...
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Ex-law firm partner is top pick to head City regulator

The regulator's handling of the collapse of HBOS was also questioned after the conviction of six people over a fraud at the bank when Mr Griffith-Jones was senior audit partner at KPMG, the lender's auditor. If Mr Randell was to be appointed, he would be reunited with Andrew Bailey, chief executive of ...
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'Much work needed to make seaplanes fly'

I am not sure whether these things have been worked out,” said Jaijit Bhattacharya, partner and head, economic, regulatory and policy advisory at KPMG. Currently, there are seaplanes operating in places like Goa and Andaman and Nicobar Islands but the light-weight planes have been pulled out from ...
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Transavia appoints Ink to publish new Enjoy! magazine

Nearly 400 attend final three APTRA KPMG 2017 Seminars. Last month saw a successful conclusion to the final three APTRA KPMG Insights Seminars of 2017, as... image description. 11, December. International ...
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Brokers' Picks 2018: Hot stocks for the new year

"Whilst the risk remains of more coming to light, we believe the risk of major surprises has been limited by the announcements to date, and the recent KPMG Audit." When you strip out the downgrades associated with the Building & Interiors business unit, Fletcher Building actually had a reasonable year, ...
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IRPs spar over Videocon Industries mandate

The lenders, led by State Bank of India, invited bids from top audit and consulting companies Alvarez & Marsal, Deloitte, Price Waterhouse, KPMG, Grant Thornton, EY and BDO. These firms made presentations highlighting their experience in handling debt resolution. On Friday, Alvarez & Marsal (A&M) ...
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Saudi CEOs call for investment boost in emerging technologies

This is part of a recent survey conducted by KPMG in Saudi Arabia entitled Disrupt and Grow, which explores the views of Saudi Arabia's CEOs and offers rich insights into how they respond to challenges and benefit from opportunities by equipping their organizations with the right resources to meet ...
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Banking crisis lawyer Randell leads race to chair City watchdog

The outgoing chairman 's tenure has been marred by pockets of controversy, as well as criticism that his earlier career at KPMG, the accountancy firm, gave rise to unacceptable potential conflicts of interest amid probes into crises at banks audited by KPMG. One City source said the Treasury had ...
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Jewar Airport Construction To Start In December 2018

“We are targeting to call for bids in July and lay the foundation stone of the project in December,” he said. While KPMG came second in the bids for TEFR for the airport called by YEIDA, Deloitte came third. “EY will also help us get the environmental clearance for the project,” Kumar said. Read More…
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Get ready for 2018's big clean-up

Private sector scandals engulfing the likes of Steinhoff, KPMG, McKinsey and MultiChoice, will lead to a new wave of business activism, inside and outside of big corporates. Expect to see and hear more Magda Wierzyckas in 2018, pressuring businesses to clean their houses before they cast stones.
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More brickbats than bouquets for Smart City Mission in 2017

Many cities have appointed MNCs like KPMG as Project Management Consultants, and also awarded tenders to global companies. But the government has also faced questions on the purpose of the mission as well as delay in implementation. Here is a round-up of the happenings and conversations ...
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Looking forward-2018: The bulls and bears

Traditional and new institutions will change their curriculum to include the relevance of AI, data science and such streams. An increasing number of professionals will seek out online learning courses for rapid skill enhancement. A study done by KPMG and Google earlier this year indicates that India's ...
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Audit reveals Government spends $10 billion on outsourcing

... $2.6 billion was spent on management advisory services, $2.26 billion on leasing and renting properties and buildings; $750 million on temporary personnel; and $498 million on project administration or planning. According to the ABC, large accounting firms such as KPMG, PriceWaterhouseCoopers, ...
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Going global: A look at the highest earning Bollywood films in overseas market in 2017

Well, a look at some statistics from the last 12 months revealed that Indian films have a fall-back option in the form of overseas markets. These markets have become important contributors to a film's overall revenue. According to a FICCI-KPMG report, contribution from international markets in 2016 was 8 ...
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E-commerce sector rides on Digital India, note ban (2017 in Retrospect)

According to a report by global professional services firm KPMG, online spending, including domestic and cross-border shopping, is set to grow 31 per cent annually to $136 billion by 2018. "Cross-border shopping by Indians was Rs 58,370 crore ($9.1 billion) in 2016 and is expected to grow 85 per cent ...
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Gender pay gap: 100000 more women than men in Scotland paid less than the living wage, finds ...

Analysis of its figures by KPMG estimated that 21 per cent of British jobs paid under the living wage in 2017 – 5.5 million in total – and 62 per cent of the workers affected were women. Research suggested that 26 per cent of all UK working women were still earning less than the benchmark, compared to ...
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Hindmarsh MP Steve Georganas defends Adelaide Airport curfew amid poll showing support for 24 ...

Mr Chapman highlighted reports by Deloitte and KPMG that make the economic case for greater flexibility to help attract more flights. Federal authorities are proposing to bring the curfew into line with Sydney and Gold Coast airports, which could make it slightly harder for flights to get in and out.
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Jewar airport construction to start in December 2018

While KPMG came second in the bids for TEFR for the airport called by YEIDA, Deloitte came third. "EY will also help us get the environmental clearance for the project," Kumar said. The Jewar airport is billed to become the biggest airport in India in terms of area. While the first phase of the project will ...
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Top 10 of 2017: No. 2

Not more than a year after the Ryder Cup, an international golf tournament, took place at Hazeltine National Golf Club, officials announced a line up of other golf events slated for the venue. The KPMG Women's PGA Championship will take place in Chaska June 20-23, 2019. It will be the first time the ...
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Form NSAR-A LEGG MASON PARTNERS INCO For: Oct 31

Changes in Registrant's certifying accountant On August 14, 2017, KPMG LLP ("KPMG") resigned, at the request of Western Asset Oregon Municipals Fund (the "Fund"), as the independent registered public accounting firm to the Fund. The Audit Committee of the Fund's Board of Trustees participated in, ...
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Result of EGM and Change of Registered Office

THAT conditional upon the passing of resolution 1 above, Linda Maree Johnson and Ashley Charles Paxton of KPMG Channel Islands Limited, Glategny Esplanade, St Peter Port, Guernsey GY1 1WR (the "Joint Liquidators") be and are hereby appointed as liquidators of the Company with immediate ...
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Searching for Cornwall city council's legacy

Council also received a long-term financial plan from KPMG, but the first draft budget that attempts to implement its advice sits on councillors' desks. Adhering to the plan could end up being this council's legacy, but the budget hawks have already shown their talons in dealing with the 2018 water and ...
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Tech jobs in US in high demand amid digitalization of economy

Six in 10 tech companies said that they were short of technology skilled workers in 2017, according to a recent survey report jointly released by the IT contractor Harvey Nash Group and consulting firm KPMG. From 2005 to 2017, tech companies have been complaining about the shortage of skilled ...
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Bankrupted Australian 'lord' who claims to be Prince Philip's love child contests $7m will

Lee/Lord Battenberg/Lord Leitrim has launched legal action against his cousins Bruce Phillips, a partner at KPMG, and Phillips' sister, Ruth Price, who are executors of Condon's estate, which is valued in excess of A$7 million. There was no mention made of Battenberg in his aunt's will, dated September ...
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Anderson confirmed as Capital CEO

Capital Cooling Refrigeration was formed following the £300,000 acquisition of Edinburgh-based Capital Cooling's refrigerated cabinet sales business in a pre-pack deal from the administrator KPMG. The failure of Capital Cooling saw the company fall into administration on December 20, resulting in ...
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Snapdeal pumps more funds into logistics arm

... the e-logistics plays a very important role in the success of the e-commerce industry. The logistics sector specific to e-commerce retailing in India which was valued at $0.46 billion in 2016, is projected to witness a CAGR of 48 per cent in the upcoming five years to reach $2.2 billion by 2020, the KPMG ...
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Public Accounts Committee launches inquiry into outsourced spending

Large accounting firms PricewaterhouseCoopers, Ernst & Young, Deloitte and KPMG, as well as top law firm Clayton Utz, will also be questioned by the committee. The inquiry will also call recently retired public service heads to give evidence. The inquiry will seek information from departments on the ...
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Adelaide Airport chief wants opendiscussion about the night curfew and its economic impact

A major economic report released in 2014, with backers including Flinders University and KPMG, found “some flexibility in the operation of the airport curfew” would allow some airlines, particularly international operators, to strengthen the case for extra services to Adelaide. Changing the passenger ...
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Education, Preparation, and Training of Young Professionals

The authors' firm, KPMG, has been building a new learning and innovation center in Florida. The center will offer flexible opportunities for learning, encompassing live, virtual, and on-demand programs. Students will benefit from “micro-learning” sessions, social learning, and simulation-based learning.
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Íñigo Bengoechea gains weight in the empire of Amancio Ortega

In 2003 he joined the firm Mas Abogados, where he spent eight months. His next steps took him to the Master in Taxation IE Business School between 2004 and 2005 to become KPMG tax adviser until 2011. In its final stage, it has been associated with the tax department of Baker & McKenzie until 2016.
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Retail sector faces 'fight to survive' in the year ahead

The retail sector will “flatline at best” next year, according to predictions issued by the KPMG/Ipsos Retail Think Tank (RTT) as disposable incomes become even more squeezed by a jump in inflation and wage growth flatlines. The group say lacklustre spending combined with a combination of ...
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Indian businesses consider tackling cyber risks a priority

The KPMG Cybercrime survey report 2017 aims to provide a holistic perspective on cyber security and associated crime with a view on how organisations are gearing up against this threat. More than 300 individuals, including CIOs, CISOs, CIAs, COOs and security professionals, participated in the study ...
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Retail industry set for “fight to survive” in 2018

2018 is set to be a “pivotal point” for the retail industry with predictions from a major thinktank suggesting it will “flatline at best” amid increasingly challenging conditions. According to a new report from KPMG/Ipsos Retail Think Tank, retailers should brace for another tough year ahead as geopolitical and ...
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Retail industry to 'flatline' in 2018

The UK retail industry will “flatline at best” in 2018, according to predictions from KPMG and Ipsos Retail Think Tank (RTT). ... Paul Martin, UK head of retail at KPMG, said that “winning market share will remain a core focus for businesses” in light of consolidation and partnerships made between retailers ...
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Highlights of an eventful year in the world of ladies golf

Ryu was one of three South Koreans to win majors, with American Danielle Kang winning the KPMG Women's PGA Championship before Sweden's Anna Nordqvist edged out Brittany Altomare at the Evian Championship in September. A month earlier, Nordqvist had overcome a bout of glandular fever ...
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Tech to continue driving Singapore's economy in the year ahead: KPMG

SINGAPORE (Dec 29): Singapore's chief executive officers (CEOs) are the most confident in their country's growth prospects as compared to their Asean peers, whom have broadly expressed muted confidence in the global and national economy as well their organisation's prospects in the next 12 ...
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With 450% Growth In Chennai Alone, MoneyTap's Bala Parthasarathy Shares The Reason Behind ...

In order to bring the benefits of MoneyTap to a wider audience and keeping in line with recent report from Google and KPMG India on the growth of Indian language users in comparison to English language, the company launched its app in Tamil after successful launches in Hindi and Kannada recently.
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Government spend on management consultants balloons as giant accountancy firms cash in

... which is an increase on around $380 million spent in 2013, when the size of the bureaucracy peaked at 167,000 jobs under Labor. The big four accounting firms — KPMG, PriceWaterhouseCoopers, Ernst & Young, Deloitte — have won close to half-a-billion dollars in consultancy work over four years.
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Ottawa bylaw branch eyes staffing boost, more efficiencies

Consulting firm KPMG has submitted a report with 11 recommendations following a service review of the city's bylaw and regulatory services branch. “We're just doing some analysis on that and we'll be doing a staff report to committee in June of next year (2018),” said branch director Roger Chapman.
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KPMG/Ipsos Retail Think Tank: Increasing Prices Will Hurt the Retail Sector in 2018

According to predictions that were issued by the KPMG/Ipsos Retail Think Tank (RTT), in 2018, the retail sector will “flatline at best.' The group made its lackluster predictions based on a combination of “continued headwinds in the form of geopolitical and macroeconomic obstacles; an increased number ...
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Grant Thornton's Pay Gap Tops Big Four Firms

Among the Big Four, KPMG has the largest pay gap at 22.3%, followed by EY at 19.7%, Deloitte at 18.2%, and PwC at 13.7%. Grant Thornton noted that women exceed men in its first-grade bracket but men predominate at higher levels — 64.5% at senior manager, 64.5% at associate director, and ...
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Deloitte's 2018 Outlook Highlights the Growth of Blockchain Technology

In November, Deloitte published a report covering six control principles essential for blockchain adoption on a global scale. In response to customer demand, Deloitte, which is one of the "Big Four" accounting organizations (along with PwC, EY and KPMG) and the largest professional services network ...
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SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages ...

According to the complaint, following a September 6, 2017 announcement that Hewitt was terminated, a November 7, 2017 announcement of the resignation of the Company's Vice President and Chief Financial Officer, and a December 11, 2017 report that KPMG resigned as the Company's accounting ...
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Increasing prices will hurt the retail sector in 2018, according to this think tank

The retail sector will "flatline at best" next year, according to predictions issued by the KPMG/Ipsos Retail Think Tank (RTT). The group made its dire forecast based on a combination of "continued headwinds in the form of geopolitical and macroeconomic obstacles; an increased number of regulatory ...
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Predictions 2018: Top 7 trends to watch out in India's VOD industry

Industry estimates peg India's VOD market in terms of value at nearly Rs 1,400 crore. Furthermore, according to the FICCI-KPMG report cited earlier, with on-demand accessibility and aggressively priced high-speed cellular data services, online video-on-demand services will continue to see an upsurge.
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3D Printing Industry Review of the year June 2017

At the beginning of June 2017 Big Four auditor KPMG published a report debunking myths about Industry 4.0 and urging companies to “be bolder” with digital solutions, including additive manufacturing. Following on in this theme, this month saw the signing of a number of high profile partnerships, and ...
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PE firm EMR Capital completes acquisition of 80% stake in Zambia copper mine

Taylor Collison acted as financial advisor for EMR while Allen & Overy acted as legal counsel and KPMG was EMR's accounting and taxation advisor. The specialist mining private equity manager founded by Jason Chang and Owen Hegarty has linkages to Asian markets and has a focus on assets in ...
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UK retail sector faces 'fight to survive' in 2018 amid Brexit and other threats, think tank warns

The KPMG/Ipsos Retail think tank, in a report published on Thursday, argues that a cocktail of geopolitical and macroeconomic obstacles, combined with an increased number of regulatory compliance issues and persistent structural change will present significant headwinds to businesses over the ...
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Regina comes to the rescue with charity dinners

Ms Peniston said she drummed up support from professional services firm KPMG and reinsurance firm MultiStrat Re, as well as Heritage Worship Centre. She added: “I remember what it was like to not have a Christmas meal on Christmas, being out here, homeless and run down on bad luck — my life ...
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Bristol-based Landmrk makes it to Best British Mobile Startup final

After being filtered through hundreds of applicants and pitching both locally and nationally, Bristol-based 'location-based experience platform' Landmrk has been announced as one of the five startups selected to go through to the final of KPMG's Best British Mobile Startup 2018.
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KPMG and DELOITTE to invest $200 million in Armenia

/ARKA/. KPMG and Deloitte companies will implement in Armenia programs of a total cost of $200 million, Suren Karayan, Armenian economic development and ... advisory, actuarial, corporate finance and legal services -Pricewaterhouse Coopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG.
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Injustice, Ms Fixit and the worst job in corporate South Africa

During the parliamentary interviews the multinational Klynveld Peat Marwick Goerdeler (KPMG) thought it would be proper and brilliant to let a team, including a lawyer, babysit the well and capable executive throughout the process, clearly demonstrating a lack of confidence in her capabilities.
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Stella McCartney joins Alibaba's exclusive Luxury Pavilion

According to KPMG, half of domestic luxury consumption in China will be generated online by 2020. For Alibaba, which owns the South China Morning Post, receiving the endorsement from Kering is a strong boost to the expansion of its luxury business. Whether Luxury Pavilion will become a key place ...
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Brexit makes graduates rethink their career plans

A survey of 648 graduates at UK universities conducted by KPMG reveals that almost two thirds (62%) feel less confident about their career prospects because of ... Explaining the findings, Karen Briggs, Head of Brexit at KPMG said: “Graduates are particularly exposed to the uncertainty Brexit brings.
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UTSA grad from Cuero earns masters, with honors

While attending UTSA, she served as vice president (2015-16) and president (2016-17) of the Association of Latino Professionals in Finance and Accounting. Simpson will begin her professional career as an audit associate at KPMG in San Antonio, while continuing her studies for the CPA license.
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Cable TV: How digitisation gave boost to multi-system operators in 2017

According to a Ficci-KPMG 2017 report, the net ARPU for MSOs stands in the range of `95–105 for Phase 1, `80-90 for Phase 2, and `35–40 for Phases 3 and 4, respectively. “Instead of getting a lumpsum amount from local cable operators (LCO) at the end of every month, we are now getting subscription ...
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Telco wars set to intensify

KPMG Singapore partner Juvanus Tjandra, who heads the firm's telecommunications, media and technology practice, says: "Looking further ahead, telcos appear to be bracing (themselves) for a potential price war and fight for market share by offering lower-tier SIM-only price plans that consumers can ...
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Former city CFO named VP of admin at Laurentian

After graduating from Laurentian in 1995, she worked for a decade with KPMG LLP accountants, where she rose to the position of senior manager. Since 2005, she has served in the public sector as chief financial officer and general manager of assets and finance for the City of Greater Sudbury before ...
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Golfer Brooke Henderson wins Rosenfeld Award as top Canadian female athlete

Following a slow start on the 2017 tour, managing just two top-10 finishes in her first 10 tournaments, Henderson found her game in June, winning the Meijer LPGA Classic and just missing a playoff on at the KPMG Women's PGA Championship later that month. She won her second title in September, ...
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79% Indian organisations rate cyber security among the top 5 business risks: KPMG report

The KPMG Cybercrime Survey 2017 reveals that 58 percent organisations have cyber risk on the boardroom agenda, up from 41 percent in the 2015 study. ... The KPMG Cybercrime survey report 2017 aims to provide a holistic perspective on cyber security and associated crime with a view on how ...
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Golfer Brooke Henderson wins Rosenfeld Award as CP female athlete of the year

She found her form in June by winning the Meijer LPGA Classic and just missed out on a playoff at the KPMG Women's PGA Championship later that month. Her second title came in September at the New Zealand Women's Open. "Patience I think is a key word that basically describes my whole season," ...
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Golfer Brooke Henderson named Canadian Press female athlete of the year

... said Winnipeg Free Press sports editor Steve Lyons. Henderson had a slow start to the season with just two top-10 finishes in her first 10 events. She found her form in June by winning the Meijer LPGA Classic and just missed out on a playoff at the KPMG Women's PGA Championship later that month.
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The Case for Improving Work for People with Disabilities Goes Way Beyond Compliance

For example, Abilities in Motion, KPMG's employee resource group for employees with disabilities and those with family members who have disabilities, launched an initiative two years ago to give the firm's employees with disabilities an opportunity to hone their leadership skills. The initiative connects ...
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What DOT's Getting Right in Its Enterprise IT Efforts

“The [enterprise architecture] defines the agency's mission, the information and technologies necessary to perform the mission and the transitional process for implementing new technologies in response to changing mission needs,” the auditors noted in their report. The audit—conducted by KPMG and ...
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Could Local Byron Burger Be For The Chop?

Earlier this year the company closed four under-performing sites and last month Byron's investors hired management firm KPMG to undertake a strategic review and assess the short and medium term options for the business. The chain has branches in London as well as in Cambridge, Liverpool, ...
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Smart beta funds pass the $1tn assets mark

BlackRock and Vanguard dominate the field of providers with each having more than $100bn in smart beta products, but more asset managers want to get in on the act, said Marc Knowles, an ETF specialist at KPMG. “Smart beta is absolutely something they're looking at,” he said, adding that many ...
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Deloitte appoints John Kent Partner in IFRS advisory practice

Deloitte has picked up IFRS expert John Kent as a new Partner. Formerly of Big Four rivals KPMG, Kent was most recently employed by HSBC, and brings more than 19 years of sector experience to Deloitte's Banking and Capital Markets team as its new co-leader. Prior to joining Deloitte, John Kent ...
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Low income tax attracts players to Turkey's football leagues

KPMG Football Benchmark's video revealed that the expenditure of the Turkish club for a player, who earns net 1 million euros ($1.18 million) per annum, is 1.19 million euros ($1.41 million). Meanwhile this figure in Germany tallies 1.9 million euros ($2.25 million). In Spain the cost is nearly similar to the ...
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Filling the gaps: Tech parks, malls in Bengaluru are becoming spaces for displaying art

It is part of the 22-acre RMZ Ecoworld business park in Bellandur which has over 23,000 employees in companies including Infosys, KPMG, Sony, Capgemini and Shell. The exhibitions and permanent collection of art installations are open to the public. “We have observed that employees visit in groups ...
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China bourses behind Asia's lead in global IPO boom

"It would probably take 15 to 18 months for the remaining batch of companies to go public," Au said. Louis Lau, partner at KPMG China, said Beijing's drive to defuse financial risk will continue to support the mainland IPO market. "Deleveraging and supply-side reforms will cause [bank] lending to decline ...
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Mainland bourses behind Asia's lead in global IPO boom

"It would probably take 15 to 18 months for the remaining batch of companies to go public," said Au. Louis Lau, partner at KPMG China, said Beijing's drive to defuse financial risk will continue to support the mainland IPO market. "Deleveraging and supply-side reforms will cause [bank] lending to decline ...
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Solar power industry welcomes govt move to set drone regulations

Santosh Kamath, partner and lead for renewable energy at KPMG India, while admitting that drone usage by India's solar power industry is at a nascent stage, says drones can reduce costs by almost a fifth. “One example of drones' impact is their use for site surveys to assess vegetation around panels ...
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Massive disruption is coming to the job market, and Ontario isn't ready

John Armstrong is a partner at KPMG in Canada and KPMG's National Leader for Financial Services. He also serves on the Ontario Panel on Economic Growth and Prosperity. Over the past 10 years, we have seen significant changes in the composition of our work force in Ontario. Mid-level white-collar ...
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How City grandee Sir Win Bischoff snubbed couple who exposed HBOS fraudsters

But it earlier this year dropped a probe into KPMG over the clean bill of health given to toxic bank HBOS before the financial crisis. Bischoff is a former chairman of Lloyds, which bought HBOS as it came close to collapse. Several other senior FRC staff worked for KPMG. It is trying to clean up its act, hiring ...
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UBJ.am - Wednesday, December 27

KPMG-Ukraine increased revenue by one third in 2017 and increased staff, according to Andrey Tsymbal, managing partner of KPMG in Kyiv. By contrast, KPMG International increased global revenues by 5% in 2017. President Trump is preparing to approve the supply of 210 Javelin anti-tank missiles ...
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Experts say tough sledding ahead for Canadian retailers

“I think the point is that Canadian retail needs a real wake-up call about what's coming in 2018 and in the future, based on what we are seeing today,” says Willy Kruh, global chair for consumer and retail practice at KPMG, the global network of profession firms that provide audit, tax and advisory services ...
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#WhatTheHealth: Know when a hospital is overcharging. Here's how

Despite a steep hike in lifestyle diseases and hospitalization expenses, only 27% urban Indians have health insurance, reported an FICCI-KPMG study. Medical expenses are out-of-pocket for 62% Indians. The government's contribution to insurance is abysmal too - 32%. This is primarily because we ...
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Top tips for preparing an employee for international business

According to KPMG, 38 per cent of businesses offer cross-cultural training to assignees and family, and 35 per cent do not offer any cross-cultural training at all. This article is part of a wider campaign called the Scale-up Hub, a section of Real Business that provides essential advice and inspiration on ...
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Stella McCartney Joins Alibaba's Invite-only Luxury Pavilion

According to a recent report by KPMG, about half of domestic luxury consumption in China will be generated online by 2020. For Alibaba, receiving the endorsement from Kering is a strong boost to the expansion of its luxury business, a segment that has become increasingly important to the company's ...
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2018 to mean more challenges for Canadian retailers

As retailers count their take from this year's holiday shopping season, Willy Kruh, global chair for KPMG's consumer and retail practice, says he expects a "relatively reasonable" increase of five per cent in holiday sales, and healthy margins. "I think the point is that Canadian retail needs a real wake-up ...
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Network18 & Honeywell Smart Building Awards: Buildings that are greener, safer, and productive

The same year, Honeywell launched Honeywell Smart Building Awards (HSBA) to encourage building owners and facility managers of some of India's smartest buildings to come forward and compete. Implemented in partnership with the Network 18 group, and KPMG as process validator and evaluator, ...
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Wild Stone maker McNROE to expand women's grooming portfolio

McNROE's Wild Stone holds a little over 10% market share in the estimated Rs36.64 billion (as of 2016) deodorant market in India (including creams, pumps, roll-ons, sprays, sticks, wipes), behind Vini Cosmetics-owned Fogg, according to data from consulting firm KPMG. Retail experts said it makes ...
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SEC readies preliminary findings of 2GO review

RG Manabat & Company, the local unit of accounting firm KPMG, stood by its audit and the camp of the former 2GO president, Sulficio O. Tagud, Jr., has denied allegations of wrongdoing. If proven that the company had violated provisions of the Securities and Regulation Code, 2GO could face of fine of ...
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Bad eggs were plentiful in 2017, but there were promising straws in the wind as well

Its belated decision to clear KPMG of any wrongdoing over its audit of HBOS a decade ago looked terrible. KPMG gave the bank a clean bill of health only for it to go bust seven months later. The FRC, whose senior ranks are stuffed with Big Four accountants, looked far from impartial. Its willingness to ...
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Fintechs that flamed out or faded in 2017

The industry's maturation is illustrated in data from KPMG, which publishes a quarterly report on fintech investment. KPMG found that 2015 was the peak year for venture capital investment in U.S. fintech firms, with roughly $7.5 billion having been invested that year. More recently, many early-stage ...
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All government insurance covers may be merged with PMSBY & PMJJBY

According to a recent report by KPMG, the government can leverage the expanding Aadhaar network to recognise MSME workers and those employed in the unorganised sector. "The government can further look at increasing the scope of PMSBY by adding critical healthcare coverage along with ...
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Banking industry faces challenges during the Christmas season

In short, many banking professionals are contemplating the incoming challenges—instead of breaking the champagne bottles—this holiday season. The Financial Times reports that restraint is the order of the day for many of these conglomerates including but not limited to HSBC, Citigroup, and KPMG, ...
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Qatar banks to prepare for Basel IV requirements

Banks in Qatar need to prepare now for the introduction of revised standards recently released by the Basel Committee, said KPMG in Qatar, noting that Basel IV will have a significant impact on capital ratios, strategy, pricing, processes and disclosure. Given the Qatar Central Bank's (QCB) proactive ...
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No Value-Added Tax until 2019 in Oman

Echoing a similar view, Ashok Hariharan, partner and head of tax at KPMG Lower Gulf, said the decision was in line with an earlier expectation. “It is really good that the government clarified on the implementation time of the VAT now. If one has to learn from the United Arab Emirates (UAE) experience, ...
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Are Missouri businesses taxed too much?

To help sort all of this out, the Tax Foundation, together with KPMG LLP, developed an approach that allows for a more accurate comparison of business taxes across states. To do this they first created a representative firm in seven different industries: a corporate headquarters, an R&D facility, a retail ...
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Wind-Energy Is India's Next Big Project

As welcoming as the return of wind to India's energy market may be for the economy, equipment manufacturers left without executive regulation are struggling to participate in auctions, driving down tariffs. Anish De, a partner in the state-run infrastructure company KPMG, said to Quartz, “The problem is ...
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Qatar banks need to prepare for Basel IV requirements: KPMG

KPMG's director and head (Financial Risk Management) across MESA Steve Punch said, 'These new Basel IV rules will redefine how banks manage risk, particularly credit risk. This is significant and relevant in countries like Qatar, where the QCB requires them to calculate regulatory capital using the ...
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A look at 2017 from the eyes of a taxpayer

Eugene Pulga is a director from the tax group of KPMG R.G. Manabat & Co. (KPMG RGM&Co.), the Philippine member firm of KPMG International. KPMG RGM&Co. has been recognized as a Tier 1 tax practice, Tier 1 transfer pricing practice, Tier 1 leading tax transactional firm and the 2016 National ...
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China's AI bubbles grow as some firms to go bankrupt in 2018

Opportunities in virtual reality and AI have grown exponentially recently, with both considered good bets on the venture capital (VC) investment circuit, according to a quarterly report that KPMG released in October. Use of these technologies in a diverse range of sectors such as medical research, retail, ...
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NHPC to invest Rs 1000 cr for 200 Mw solar project in Odisha

As per estimates by consulting & advisory firm KPMG, this needs an investment of Rs 13,500 crore. Lower solar irradiation is impeding the prospects of Odisha to match the plunging solar tariff rates in competing states like Madhya Pradesh and Rajasthan. Odisha receives an average solar radiation of ...
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Qatar banks need to prepare for upcoming Basel IV

Punch was in Qatar to address senior Finance and Risk professionals from the financial services industry at the latest of KPMG in Qatar's 'Freshly brewed' seminar series. In his keynote speech, Punch noted that the Basel IV standardized approaches will require banks to review their lending portfolios to ...
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Report recommends changes to make foster caring easier and provide homes for at-risk kids

A KPMG report commissioned by the State Government found it took an average of six months to approve new carers but bottlenecks and a “lack of staff” were causing delays of up to two years. The report recommends authorities start assessing potential carers after hours to slash the waiting time.
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How trustworthy is data that analytics throws up? KPMG rings warning bell

With the spurt in data analytics tools and software, more avenues are being created for collection and understanding of data. Increasingly, both governments and corporates are relying on data analytics software to take critical business and policy decisions. According to a report from KPMG, this has put ...
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Ambiguity remains for several products under GST

The first two digits of the HSN code represent the product category and the next two denote the subcategory, said Sachin Menon, national head, indirect tax, KPMG India. "Hence, wherever there is a difference in GST rates under the same product category or differential tax treatment based on the price ...
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Get ready to pay 5% VAT on restaurant bills in UAE

According to KPMG's recent report, UAE residents spend on average between Dh50 and Dh150 per person on dining out. The study revealed that 24 per cent of residents eat out lunch eight times a month and 23 per cent have dinner at restaurants. Around 94 per cent of UAE residents, according to a ...
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Qatar banks need to prepare for Basel IV requirements: KPMG

KPMG's director and head (Financial Risk Management) across MESA Steve Punch said, “These new Basel IV rules will redefine how banks manage risk, particularly credit risk. This is significant and relevant in countries like Qatar, where the QCB requires them to calculate regulatory capital using the ...
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Capital Cooling business sold for £300k

That deal, administered by accountants KPMG, saw the company's service division sold to Sound & Vision 2016, a subsidiary of London-based private equity company Rcapital Partners LLP. On December 20, Sound & Vision 2016 was renamed Capital Cooling Refrigeration Ltd. Alister Mclean, the ...
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Mizzi Organisation appoints chief internal auditor

Ten years' experience within Fimbank's Internal Audit Department were preceded by management accounting and financial auditing positions with KPMG and Portman International respectively, thus achieving over 20 years' experience in the financial services industry. Mr Millo is a Certified Public ...
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'Inconsistency in application of tax rules of cross-border services' – KPMG

That VAT on cross-border supplies is a complex area may not be news to many. Yet, stating that an avid photographer may have VAT obligations in different parts of the world if his pictures are made available on a website and downloaded at a fee, may sound appalling to some. What about an ...
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Figuring out job prospects makes coming home sweeter

KPMG has opportunities across all its lines of business, with more than 100 open vacancies for experienced professionals. Over the next 12 months, it expects to hire 300 people in addition to its graduate intake. “We have seen a great increase in those wishing to come to Ireland for the first time and from ...
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Christmas panic grips high street chains such as Debenhams and House of Fraser

Don Williams, retail partner at KPMG, said that even during the financial crisis rock-bottom rates meant shoppers had more money in their pockets. “This is the most difficult consumer trading environment we've had for more than 20 years. The last time we were here was before the smartphone, ...
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Notorious rogue landlord made homeless after being forced to pay back debts

Insolvency experts KPMG have since been appointed to handle the bankruptcy. Rehman is believed to be living in Dewsbury, Yorkshire, where he has family connections, and has separated from Rehanah, his second wife. He became a landlord about 15 years ago after working for rental chain Global ...
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Nashik—The Next 'Smart' Destination of Maharashtra

We have already discussed the Detailed Project Report (DPR) which has been prepared by KPMG Advisory Services Private Limited, our consultant for Smart City. Nashik's Guardian Minister Girish Mahajan spoke about the Goda project in his address at the Smart City Summit, Nashik. What progress ...
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Figuring out job prospects makes coming home sweeter

Turning to the “big four” accounting firms, Paul Vance, head of resourcing at KPMG in Ireland, maintains that the range of opportunities in Ireland is probably the most attractive aspect of returning home. KPMG has opportunities across all its lines of business, with more than 100 open vacancies for ...
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The 5 best feel-good stories of 2017

Entering the 2017 KPMG Women's PGA Championship at Olympia Fields just outside of Chicago, Kang had a quiet confidence about her all week. She seemed comfortable with her game and at ease. All that produced the best golf of her career, as Kang would go on to win not only her first LPGA event, ...
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Gearing up for digital disruption and shocks in 2018

According to the latest KPMG Global CEO Outlook, speed-to-market and innovation are high strategic priorities for CEOs in Asean. Respondents say that a clearly-articulated digitisation strategy results in delivery of faster decision-making and strengthens customer relationship, which increases a firm's ...
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The Boxing Day sales? They're already on

Don Williams, a retail partner at KPMG, said Boxing Day was no longer quite the stampede it used to be. “It was only a few years ago that people started being able to shop on Christmas Day,” he said. “They are not watching the Queen's speech; they're shopping. They're taking the gift vouchers they've ...
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Another Joyful Holiday for Paterson Women and Children

Over 50 volunteers from numerous community and corporate groups made the day run smoothly, including those from Benjamin Moore, BD, Circle of Care, Direct Energy, Hawthorne Gospel Church, and KPMG. “The giving spirit is alive and well in the New Jersey corporate community,” noted Oasis ...
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Directorate Change

He was a partner of KPMG London from 1990 to 2010. During this period, he helped establish KPMG's practice in India and was its Chairman and CEO from 2000 to 2003, based in Mumbai. On his return to the UK, he was Founder-Director of the UK India Business Council and a member of the Asian ...
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Unique bank, special interest

... Roti Bank going live, we hope that hotels, restaurants as well as event and party organisers will take advantage and call us when they have extra food, so it can be collected while it is still fresh and distributed among hungry people,” said Mr. Khanapurkar, Executive Director, Advisory Services, KPMG.
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Fintech start-ups tap small-town users

“While many fintech services start from metro cities, there is a clear intent to extend services to non-metros,” said Neha Punater, partner and head of digital strategy, innovation and fintech, KPMG. Fintech services have a strong growth potential in helping small enterprises access larger markets, providing ...
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TriLinc Global Impact Fund Approves CCL Capital as a Sub-Advisor for Impact Investments in ...

CCL Capital's principals have 42 years of combined experience in corporate and structured finance, cash equity sales and equity derivative sales, including past tenures at Merrill Lynch, DEG, The World Bank, IFC, KPMG Transaction Services, and Allen & Overy, and have completed a total of ~$299 ...
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UK household spending slows to lowest level in almost six years

Yael Selfin, the chief economist at KPMG UK said: “The final figures for the third quarter paint a picture of a significantly weaker domestic economy but a more positive exports performance. Weaker government spending and a marginal downward revision to consumer spending were offset by an upward ...
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Tech companies need unqualified workers to ward off skills shortage

Signatories to an open letter on education and training have more than doubled since the letter's original publication in September. It was part of the NZ Talent initiative run by the ASB/KPMG Strategic Insights Panel. Tech Futures Lab and Mind Lab founder Frances Valintine, who co-led the panel, said ...
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Online gaming ready to hit the big league

According to a recent report by Google-KPMG, increasing smartphone penetration and convenient digital payment options will drive the online gamers' base in the country to more than double to 310 million by 2021. It also projects that the online gaming industry in India will gain momentum and grow at ...
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UAE's retail sector to grow 3% in 2018

Also, it is expected that significant new retail supply may be added in 2018, leading to increased competition,” said Anurag Bajpai, Partner and Head of Retail, KPMG in the Lower Gulf. On the other hand, macroeconomic conditions, which have been challenging the industry since 2016, could see some ...
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Don't blame KPMG for what ails our health-care system

In 2016, the newly installed Pallister government hired the management consulting firm KPMG to conduct a review of Manitoba's health-care system. Whenever studies by outside consultants are commissioned, it is the government that decides the scope of the inquiry, and is also able to influence the ...
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Tax bill is great for accountants — unless they have holiday plans

At KPMG, analysts spent last weekend poring over the final proposal unveiled by Congress late Friday. By Monday morning, they had produced a 165-page overview, which they later updated. "There was lots of pizza day and night," said Jeffrey C. LeSage, the Americas vice chairman of KPMG's tax ...
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