Tax

Tax

OECD Urges Stronger International Cooperation on Corporate Tax

14-Feb-13

Global solutions are needed to ensure that tax systems do not unduly favour multinational enterprises, leaving citizens and small businesses with bigger tax bills.

Nokia Protests Against India's 'Excessive' Tax Probe

13-Feb-13

Finnish mobile phone maker Nokia Corp. has announced that it had sent a "letter of objection" to Indian tax authorities following a January raid on its facility in Chennai over alleged back taxes totaling $545 million.

OECD System to Reduce Compliance Cost and Facilitate Cross-Border Investment

12-Feb-13

The Treaty Relief and Compliance Enhancement (TRACE) is a major step in streamlining processes, reducing costs, and giving investors their rights while improving tax compliance, says the OECD.

China Terminates Tax Exemptions for Foreign Investors

08-Feb-13

China is abolishing tax exemptions for foreign individuals who obtain dividends and bonuses from foreign-invested enterprises, under a new tax regime that aims to make the wealthy pay more and narrow the income gap.

Tax Structures May Change as a Result of Cloud Adoption, Says KPMG

08-Feb-13

A majority of business and IT executives worldwide believe that tax structures may change as a result of migrating to cloud, finds a survey by KPMG International.

KPMG Forecasts a HK Budget Surplus of US$3 Billion

05-Feb-13

KPMG proposes the Government reviews its tax system to ensure it can cope with future challenges.

Hong Kong Businesses in Favour of Tax Measures to Ease Economic Pressures

01-Feb-13

Hong Kong continues to be seen as a favourable business environment where businesses are in favour of tax measures to ease the economic pressures.

G8 Summit Likely to Focus on Tax Harmonisation

29-Jan-13

The debate around the taxation of multinational companies across their global markets shows no signs of abating.

Singapore Urged to Improve Tax Regime to Encourage Further Investments

28-Jan-13

Singapore has undertaken a number of initiatives in recent years to improve tax competitiveness to encourage investments and to help grow the Singapore economy. However, there are still areas in which Singapore could improve its tax regime

PwC Expects US$3.7B Budget Surplus for Hong Kong

21-Jan-13

PricewaterhouseCoopers expects the Hong Kong government will record a HK$28.7 billion (US$3.7 billion consolidated budget surplus in the fiscal year 2012/13 against a small deficit of HK$3.5 billion (US$451 million) forecasted by the government.

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