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corporate headquarters News

New Malaysian Investment Tax Breaks Announced

by Mary Swire,, Hong Kong

Wednesday, April 8, 2015

The Malaysian Investment Development Authority has announced detailed guidelines for the new tax measures to incentivize capital investments in selected sectors that were introduced in the 2015 Budget. Read Full Story


Think Tank Calls For Bold Budget From Québec

by Mike Godfrey,, Washington

Friday, March 6, 2015

The Québec Government could improve the province's economic prospects by targeting high and uncompetitive taxes in this month's Budget, according to the think tank the Fraser Institute. Read Full Story


Singapore's Budget Includes Higher Income Tax Hike

by Mary Swire,, Hong Kong

Tuesday, February 24, 2015

On February 23, Singapore's Deputy Prime Minister and Finance Minister, Tharman Shanmugaratnam, issued his 2015/16 Budget, including measures to support both middle- and lower-income taxpayers. Read Full Story


Indian Representative Office Is A PE, Tribunal Says

by Mary Swire,, Hong Kong

Thursday, March 6, 2014

In Brown and Sharpe Inc. v. DCIT (January 17, 2014), the Delhi Income Tax Appellate Tribunal ruled that a representative office in India constitutes a permanent establishment taxable in India, if its role cannot be viewed as limited. The decision is based on Indian domestic law, not treaty provisions. Read Full Story


Wallonia Assumes Competencies For Belgian Car Taxes

by Ulrika Lomas,, Brussels

Monday, January 20, 2014

Since January 1, 2014, Wallonia's Operational General Directorate for Tax Affairs has been responsible for managing the Belgian Region's vehicle road tax, first registration or circulation tax, and Eurovignette. Read Full Story


Wells Fargo Establishes DIFC Branch

by Lorys Charalambous,, Cyprus

Wednesday, February 6, 2013

Wells Fargo and Company, one of the United States' largest banks, has opened a new branch in the Dubai International Financial Center to support the expansion of its business in the Middle East and North Africa region. Read Full Story


Invest Hong Kong Sees More Overseas, Mainland Investors

by Mary Swire,, Hong Kong

Friday, January 25, 2013

Invest Hong Kong has announced that it assisted 316 overseas and Chinese mainland companies to set up or expand in Hong Kong in 2012, representing a new record and a 4% increase over a year ago. Read Full Story


WPP Chief Comments On UK Corporate Tax Row

by Robert Lee,, London

Friday, January 4, 2013

Sir Martin Sorell, the chief executive of global advertising and marketing firm WPP, has waded into the row over how much multinational corporations pay in tax to the UK Exchequer, saying that these amounts are often "a question of judgment." Read Full Story


Austrian Company Tax Cut Pays Dividends

by Ulrika Lomas,, Brussels

Monday, December 3, 2012

Although the government reduced the corporate tax rate in 2005 from 34% to 25%, revenue derived from the tax rose significantly from 2005 to 2008, from EUR5bn (USD6.5bn) to EUR6.3bn, according to Finance Minister Maria Fekter. Read Full Story


PepsiCo Wins US Debt-vs-Equity Dispute In Tax Court

by Leroy Baker,, New York

Friday, September 28, 2012

PepsiCo Inc has obtained a United States Tax Court judgment against the Internal Revenue Service, which had claimed the firm owed it some USD363m in unpaid tax relating to its investments in subsidiaries in the Netherlands. Read Full Story



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