Value-added tax on yachts: Commission opens infringement procedures against Cyprus, Greece and Malta The Commission decided today to send letters of formal notice to Cyprus, Greece and Malta for not levying the correct amount of Value-Added Tax (VAT) on the provision of yachts. This issue can generate major distortions of competition and featured heavily in...Read More

KPMG Announces Agreement With IBM Watson To Help Deliver Cognitive-Powered Insights KPMG LLP and IBM (NYSE: IBM) today announced plans to apply IBM’s Watson cognitive computing technology to KPMG’s professional services offerings. The agreement, including a focus on auditing services, builds on several recent successful KPMG initiatives demonstrating the promise of cognitive technologies in transforming...Read More