Not such a trivial pursuit
Article Abstract:
For 38 years the General Agreement on Tariffs and Trade (GATT) has concerned itself solely with the movement of goods between countries and the prevention of protectionism; however, because approximately 30 percent of international trade is conducted by service industries, many developed nations (including Great Britain and the United States) are pushing to make GATT apply to services as well as goods. At a September 1986 meeting of 92 GATT nations, held in Uruguay, the topic was discussed, with developing countries opposing the inclusion of service exports under GATT. Although the discussions ended with the developed nations having freer access to marketing services in developing countries, it is felt that the trade barriers have not been truly addressed, since most trade barriers related to service industries exist between developed nations.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
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Founding Societies Award winner - Philip Rusted: a Philip for the profession
Article Abstract:
For his accounting expertise donated to the Live Aid concert and the Band Aid trust, Philip Rusted of the British accounting firm of Stoy Hayward has been chose as the recipient of the 1986 Founding Societies award from the Institute of Chartered Accountants of England and Wales. Rusted's accounting career and his contribution to the establishment of trust funds for the charitable contributions received by Live and Band Aid are described. Live Aid raised more money in the United Kingdom than in the U.S.: U.K. contributions amounted to $36,625,000, whereas U.S. contributions totaled $13,965,000. Of the countries contributing, Ireland had the highest per capita contribution. The contributions will be used to feed starving people in the Sudan and Ethiopia.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
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More than just pie-in-the-sky?
Article Abstract:
Satellite Television PLC, which is owned by Rupert Murdoch, operates the English language satellite television network, Sky Channel. When the present financial controller, Paul Le Druillenec, joined the firm, Satellite Television was losing 13 million pounds sterling annually. Le Druillenec attributes these losses to the high start up costs associated with television broadcasting, and predicts that revenues from advertising will put the company in the black by the end of 1986.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
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