KPMG´s Global Telecoms Financial Performance Tracker records and analyses the financial performance of the top 20 companies in each of the three major telecoms regions of the world - Europe, the Middle East and Africa (EMA), the Americas and Asia Pacific (ASPAC).
(The press release is available only in Czech).
(The complete Global Telecommunications Financial Performance Tracker - Full Year results 2005 is available here).

Strong performance in fast growing economies. Audit grows 9 percent. Tax up 6 percent. Advisory up 13 percent. KPMG, the global network of professional service firms providing Audit, Tax and Advisory services, today announced member firm combined revenues of US$16.9 billion for 2006 (2005: US$15.7 billion). This represents growth of 7.6 percent in U.S. dollars for the fiscal year ended September 30, 2006. In local currency terms, KPMG’s revenue growth during the year was 9.6 percent.
(The press release is available only in Czech).
Download

Simpler and more consistent tax rules across Europe should be given greater priority by finance ministers of member states with the aim of improving trade flows and reducing the cost of cross-border commerce, delegates at an international tax conference heard last week. Speaking ahead of the European Finance Ministers’ meeting in Brussels on Tuesday to discuss measures including anti-fraud changes to the European VAT regime, delegates at a KPMG International conference said that although combating fraud was a leading and immediate priority for governments, in the longer term more time should be given to proposals to bring the 30 year old VAT regime up to date.
(The press release is available only in Czech language).

Since 1993, KPMG has published an annual analysis of corporate tax rates around the world. In our initial survey, the rates from 23 countries were examined. Now, in 2006, the list stands at 86 countries. The survey has recorded a consistent and dramatic reduction in corporate tax rates over that 14-year period. Once one major industrialized economy cuts its rates, others seem compelled to do the same, in a process of international tax competition that continues and intensifies over time. In the past 14 years, the average corporate tax rate of countries surveyed by KPMG declined nearly 29 percent, dropping from an average of 38 percent to 27 percent.
(The press release is available only in Czech).
The complete study is available in pdf:
Download

KPMG Czech Republic has been strengthened by the appointment of a number of new partners. Jana Bartyzalová, Petr Sikora and David Scott have been appointed new Partners in the Tax, Audit and Risk Advisory Services Departments respectively. At the same time, a new partner, Eva Doyle has also joined the Tax Department.

EKONOM, 12 October 2006 - Petr Toman, senior manager, Tax Department, KPMG Czech Republic
(The article is available only in Czech)

EKONOM, 5 October 2006 - an interview with Jan Martinek, Partner of KPMG in the Czech Republic in Charge of electronics industry, software, communication, media and entertainment.
(The article is available only in Czech)

EKONOM, 27 September 2006 - an interview with Jaromir Horejsi, Director in Corporate Finance KPMG in the Czech Republic.
(The article is available only in Czech)

The recent and continuing expansion of the European Union to include new members of the former Eastern Bloc has seen the emergence of exciting new markets in recent years. As a result, multinational companies based in Western Europe (EU-15) and North America are increasingly taking advantage of emerging markets, including those in Central and Eastern Europe (CEE), both to relocate many activities in their value chain, as well as to expand their business and find new customers. The original research for this study includes a questionnaire which was answered by 64 consumer markets companies and industry analysts operating in central a Eastern Europe.
(The press release is available only in Czech).
Download

Risk management and effective risk mitigation strategies are taking ever increasing prominence on the corporate agenda. Sarbanes-Oxley, or equivalent legislation, requires management to implement and document the internal controls in place to manage financial statement risk and to regularly test their operating effectiveness.

In this, the second of three articles on shared services, the focus is on the key considerations to be taken into account when selecting the location for Shared Service Centers (SSCs). In the final article, we will consider the risks and challenges to be faced when implementing shared services.

This is the first in a series of articles on shared services. This article focuses on what are shared services, the motivations for moving to shared services, the shared service models that are available and the activities that can be incorporated into Shared Service Centers (SSCs). The subsequent articles will cover locations for SSCs and the risks and challenges to be faced when implementing shared services.

EKONOM, 8 June 2006 - an interview with Milan Bláha, senior manager KPMG in the Czech Republic.
(The article is available only in Czech)

EKONOM, 1 June 2006: Monika Šatrová, manager KPMG in the Czech Republic
(The article is available only in Czech)

KPMG’s second Risk and Capital Management for Insurers survey was carried out in Q4 2005 and includes responses from 294 companies across the life, non-life, bancassurance and reinsurance sectors, drawn from 43 countries. The survey explores how insurance providers are shaping up ahead of Solvency II, a project initiated by the European Union in 2000.
(The press release is available only in Czech).
The complete study is available in pdf:
Download

Effective management and protection of IP can enhance shareholder value and can protect competitive advantage and pricing strategies as well as offer the potential for revenue generation. The enclosed report focuses on IP as a strategic issue, how companies can limit damage from IP theft and piracy and also how they can help maximise the value of the IP they do own by working collaboratively with partners to maximise returns.
(The press release is available only in Czech).
The complete study is available in pdf:
Download

Petr Bucík has joined KPMG Czech Republic as a senior manager in business performance services and IT advisory. He will be focused particularly on services for clients in the financial sector.

EKONOM, 16 March 2006 - Eugen Oehm, manager KPMG in the Czech Republic
(The article is available only in Czech)

Financial services organizations with complex global sourcing operations face a critical need for processes and structures that can provide a clear view of sourcing´s risks and benefits. KPMG International surveyed top-level financial services executives, service providers, regulators, and consumers thoughout Europe about sourcing.
(Press release is available only in Czech language).
Download