Under new government accounting rules (GASB 43 and 45), benefit plans and employers will need to begin providing annual estimates of these liabilities in their financial statements.
Not exact matches
Bristol had been operating
under the supervision of a federal monitor — an arrangement that had been negotiated a year earlier with Chris Christie (then a U.S. Attorney for
New Jersey) after the
government had accused the company of
accounting improprieties.
[104] There would also be a
new «lifetime» Individual Savings
Account (ISA) for the
under - 40s, with the
government putting in # 1 for every # 4 saved.
Under this
new system, all
government revenue, income and payments are being handled via one single
account which will be maintained by the Central Bank.
The
new arrangement means Canadian banks would report «relevant» information on
accounts held by U.S. residents or citizens to the Canada Revenue Agency, which would share it with the IRS
under existing tax treaty rules — making it consistent with Canadian privacy laws, said senior
government officials.
This process will be consistent with the principles outlined in the Principles Taken into
Account in Deciding Sequencing at Schedule B of the Agreement and with the Coordinator - General for Remote Indigenous Services Act 2009, which provides that the Australian
Government Minister for Indigenous Affairs must consult with the relevant Northern Territory Minister prior to specifying
new remote locations
under the Act.
Fledgling savers are likely to see
new government - backed
accounts, and some states are looking to roll out their own plans, while some of the bedrock benefits of existing savings vehicles are
under fire.