And finally the most boring book in the world mixes fruit and ships together. I must admit, to show my ignorance to the LinkedIn world, that at my age, I did not know what a ‘safe harbour’ was. I discovered it through reading the most boring book in the world. (Note 1) Which only goes…
I found yet another sentence on Page 161 to write about: This one is truly boring but read it anyway but do not try to understand it because it is incomprehensible to us ordinary mortals. “In practice, both quantative and qualitive criteria are used to include or reject potential comparables”. (Note 1) This is another…
“The process followed to identify potential comparables is one of the most critical aspects of the comparability analysis and it should be transparent, systematic and verifiable. In particular, the choice of selection criteria has a significant impact on the outcome of the analysis and should reflect the most meaningful economic characteristics of the transactions compared….
I found another sentence to write about on Page 29 of the most boring book in the world: “Tax administrations should not automatically assume that associated enterprises have sought to manipulate profits” and avoid taxation. (Note 1) This is a silly sentence. Of course, enterprises manipulate profits to pay as little tax as possible. They…
For the last few weeks, I have been wondering how to write about the most boring book in the world without being boring myself! It is complicated but here is my first try. The authors are into arms and thumbs. Take this short sentence from page 95: “Accordingly, a rule of thumb cannot be used…
You probably don’t know and don’t care, but accountants have spent time, energy and even empirical research discussing the difference in ‘presents fairly’ and ‘true and fair’ in their audit reports. Research has shown, for instance, that most people prefer true and fair to presents fairly. Now I’m not sure how necessary that was. Any…