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THE INLAND Revenue Authority of Singapore (IRAS) has for the first time used powers of arrest, in October and November raids, holding 10 suspected members of a crime syndicate, suspected of operating a GST carousel fraud. Chains of sales and purchases have ended in goods disappearing or being exported, with dishonest participants claiming input tax for GST, which is ultimately never paid to the government.…

IRISH farming accountants will not only be monitoring Brexit as a current important European Union (EU) policy change, they will be scrutinising potential reforms to the EU Common Agricultural Policy (CAP), now under discussion for remaining member states, like Ireland. They will be advising their agricultural clients to be prepared for potential shifts in CAP subsidies.…

As internet-enabled devices proliferate, there are some 400,000 new malware (malicious software) samples a day being released, according to Paul Ducklin, a principal research scientist at Sophos, a British security software and hardware company.

There are currently more than 7 billion devices connected to the internet, a number forecast to reach 10 billion by 2020, according to Germany-based internet of things consultants IoT Analytics.…

A MAJOR textile and clothing exporter in Vietnam hopes that it is influencing the country’s growing fabric and apparel industry to become more sustainable – telling WTiN.com of its good environmental practice.

Delman Lee, president and chief technology officer of Hong Kong-based TAL Apparel Ltd, which produces shirts and polo knits at two factories in Vietnam’s Vinh Phuc province, north of Hanoi, exporting mainly to the USA, claimed the company has been improving its sustainability for more than a decade.…

AFTER 20 years of negotiations the European Union (EU)-Mercosur trade deal, which has boosted hopes for increased textile trades with Brazil, Argentina, Paraguay and Uruguay is at risk of being blocked ahead of its ratification.

Furious about ongoing deforestation and wildfires in Amazonia, EU countries, including influential countries France and Ireland, have warned that they are ready to block the deal because of alleged breaches by Brazil of its international environmental commitments.…

THE IMPOSITION of excise duties on automobiles sold in Pakistan from July 1 has already had a significant depressing impact on the market. Figures released by the Pakistan Automotive Manufacturers Association (PAMA) indicate that this July (2019), 10,968 cars made by the key Pakistan-based manufacturers owned by Suzuki, Toyota and Honda were sold, well down on the 18,875 sold in July 2018.…

The new so-called European Union (EU) sixth anti-money laundering directive that harmonises penalties for money laundering across the bloc is a key back up to the EU’s existing AML legislation. While dubbed the sixth anti-money laundering directive (6AMLD), Directive (EU) 2018/1673 on combating money laundering by criminal law (https://eur-lex.europa.eu/eli/dir/2018/1673/oj…

THE EUROPEAN dairy industry will be looking closely at the policies of the new European Commission that is now expected to assume office on December 1 – it is likely to increase pressure on the sector to improve its environmental performance.…

DISTRICT heating is an efficient way to provide heat, that can reduce carbon emissions compared to individual property-based heating. So, it is maybe heartening to learn that the Chinese central government and its municipalities are both growing district heating and encouraging the use of cleaner energies to power them.…

AFTER 20 years of negotiations the European Union (EU)-Mercosur trade deal, which has boosted hopes for increased can and associated materials trades with Brazil, Argentina, Paraguay and Uruguay, is now at risk of being blocked ahead of its ratification.

Furious about ongoing deforestation and wildfires in Amazonia, EU countries, including influential countries France and Ireland, have warned that they are ready to block the deal because of alleged breaches by Brazil of its international environmental commitments.…