According to a recent survey of business leaders within 21 Asia Pacific Economic Cooperation APEC economies, it was found that Vietnam was in top position for foreign investments for the second consecutive year. This is a big win for the tiny country in the Far Eastern region.
The American Dream… Alive in China?
This is quite an attractive headline for most of us, isn’t it? What is it that made journalists pass such a statement.
What is the American Dream? The American Dream is defined as a promise of a better life for those who work hard. Is China offering the same lifestyle? Let us shed some light on the matter.
Hot off the heels of our own seminar Next Stop Far East, held in Dubai last week, we at Kelmer have been inspired to focus more on the business opportunities in the Far Eastern Market. We thought it would be good to start with one of the largest exhibitions taking place in Singapore from 12-16 November, Singapore FinTech Festival (SFF) held at the Singapore Expo.
Kelmer Group has definitely set foot in the right direction, with the opening of its Manila office earlier this year. The Philippines is proving to be a great asset in terms of initiating business opportunities for the Kelmer Group.
IFRS 15 Revenue from Contracts with Customers, this is a new revenue standard which was established by IASB (International Accounting Standards Board) and FASB (Financial Accounting Standards Board). This defines a comprehensive framework for determining when revenue should be recognised and how it should be measured.
The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) and its 108 members tackles tax avoidance by ensuring the implementation of the measures agreed through the BEPS Project, which targets multinational enterprises’ aggressive tax planning practices. In particular, four “minimum standards” are at the core of the BEPS measures: harmful tax practices, treaty abuse, country-by-country reporting and dispute resolution mechanisms.
UK: Research and Development (R&D) Tax Credits are a UK tax incentive designed to encourage companies to invest in R&D. It can even be claimed on unsuccessful projects.
Companies can REDUCE CORPORATION TAX or CLAIM PAYABLE CASH CREDITS as a proportion of their R&D expenditure.
SINGAPORE: Financial Technology is transforming financial services in a way not seen before: mobility, connectivity, digital payments, blockchains, big data… are just few of the new FinTech challenges and possibilities.
SINGAPORE: Singapore and Vietnam have signed a set of Memoranda of Understanding (MOU) to work together in different areas, from financial to renewable energy industry, through environmental protection and trade rules.
CHINA: Within 2018, the Chinese government tax legislation will be implemented to encourage more innovation and reduce the tax burden of smaller companies.
The new legislation has been considered from many to implement the whole system of taxation with the goal of opening up and develop the country's legislation in order to meet fast growing needs of Citizens.