Global BV News: Significant transfer pricing case in Australia
In a major victory for the taxpayer, the federal court in Australia found in favor of Glencore, a mining firm, and ruled that the terms between the Glencore Australian subsidiary and its Swiss trader parent for the sale of copper concentrate were within an arm’s-length range.
Global BV News: Sir David Tweedie hands over IVSC reins to Alistair Darling
At the annual general meeting of the International Valuation Standards Council (IVSC) in Singapore, the organization, its members, and sponsors thanked Sir David Tweedie as he stepped down after seven years and two terms as chair of the board of trustees.
Global BV News: ‘Quite a ride’ ahead for global transfer pricing
In the latest issue of Bloomberg BNA’s Transfer Pricing Forum, international transfer pricing practitioners provide their insight on how the tax authorities, as well as multinationals in their jurisdictions, are preparing for the anticipated Organization for Economic Co-operation and Development (OECD) harmonized global approach to the digitalization of the economy.
Global BV News: Global survey launched on BV reporting practices
The Advisory Forum Working Group (AFWG) of the International Valuation Standards Council has launched a survey to identify the most common differences between business valuation for reporting purposes around the world and potential difficulties for achieving consistency with IVS, the global standards.
Global BV News: IVSC examines goodwill impairment vs. amortization
What are the potential consequences of a change from the current impairment model to goodwill amortization?
Global BV News: Reminder: Comments due on financial instruments standards
Until now, there has been no effective set of international valuation practice standards for financial instruments that has been generally adopted, according to the International Valuation Standards Council (IVSC).
Global BV News: ASA enhances global collaborations
There was a more-than-usual presence of international attendees at the ASA Joint 2019 Advanced Business Valuation and International Appraisers Conference in New York City sponsored by the American Society of Appraisers.
Global BV News: IACVS adds course on China vs. U.S. BV
Later this month, an online CPE course will be presented on the differences in the basic structure between China and the United States in professional valuation systems, procedures, and identification.
Global BVU News and Trends August 2019
Business valuation news from a global perspective.
Global BV News: Damodaran updates country risk data
These days, it’s very difficult to find a company that is only exposed to domestic risk, according to Aswath Damodaran (New York University Stern School of Business) in his midyear 2019 country risk update that includes free spreadsheets on country risk premiums, sovereign credit default swap (CDS) spreads, corruption scores, political risk scores, and more.
Global BV News: Comments wanted on standards for financial instruments
Until now, no effective set of international valuation practice standards for financial instruments has been generally adopted, according to the International Valuation Standards Council (IVSC).
Global BV News: ICVS credential adds financial instruments training
The International Association of Certified Valuation Specialists, in conjunction with the Center for International Business Valuation, has added an advanced level to the International Certified Valuation Specialist (ICVS) credential.
Hong Kong issues transfer pricing guidance
The Hong Kong Inland Revenue Department (IRD) has released Departmental Interpretation and Practice Notes (DIPNs) Nos. 58, 59, and 60 and an updated version of DIPN No. 28 related to transfer pricing (TP Guidelines).
Global BVU News and Trends September 2019
Business valuation news from a global perspective.
Global BV News: KPMG reports on Euro STOXX 600 multiples and other data
Based on EV/EBITDA, most sectors in Q2 2019 for the Euro STOXX 600 experienced an increased multiple level (e.g., energy, industrials, or materials) while several EV/revenue multiples remained flat (e.g., consumer discretionary, energy, or industrials), according to the KPMG International Valuation Newsletter for the second quarter of 2019.
Global BVU News and Trends July 2019
Business valuation news from a global perspective.
Global BV News: Deadline for applying for new IVSC board
The scheduled deadline is today (July 31) if you would like to apply to serve on a new board, the Europe Membership and Standards Recognition Board of the International Valuation Standards Council (IVSC).
Global BV News: Feedback wanted on proposed Hong Kong standards
The International Valuation Standards Council (IVSC) and partner organizations would like feedback on the “Hong Kong Business Valuation Quality Initiative,” a proposed “standards and professionalism framework” to support improved business valuation practices in Hong Kong.
Global BV News: P/E multiples rebound in India
The P/E multiples of a majority of industries have improved in the first quarter of 2019, according to the Duff & Phelps “Industry Multiples India Report – Seventh Edition.”
Global BV News: Salvidio’s global industry betas for 1Q2019
BVR offers a free download (click here) of the 1Q 2019 “Industry Betas” report from Salvidio & Partners, a Rome, Italy-based business valuation firm headed by Ascanio Salvidio.
Global BV News: IACVS seminars of note
The International Association of Certified Valuation Specialists (IACVS) will present a number of interesting CPE seminars in July at various locations.
Global BVU News and Trends June 2019
Business valuation news from a global perspective.
Global BV News: IVSC needs members for a new board in Europe
The International Valuation Standards Council (IVSC) has created a new board, the Europe Membership and Standards Recognition Board, and high-profile individuals are being sought to fill the seats.
Global BV News: Agenda available for international valuation conference in New Zealand
An impressive program has been set for the ICVPME 11th International Valuation Conference in Auckland, New Zealand, on September 9-11.
Business Valuation OIV Journal Spring 2019
Business Valuation OIV Journal has been created by Organismo Italiano di Valutazione (OIV), the Italian Valuation Standard Setter, to provide a forum for discussion and to foster cultural progress in the field of business valuation. In this issue, articles include "Company Valuation as Result of Risk Analysis: Replication Approach as an Alternative to the CAPM"; "Residual Income Model and Abnormal Returns: A Comparison to Factor Styles and Sell-Side Analysts"; and "Critical Issues When Valuating Small Businesses".