These resources have been developed to help businesses maximise the rewards and minimise the risks of doing business internationally.
UHY 2012 Global Tax Outlook
UHY Member Firms around the world have contributed to the 2012 edition of the UHY Global Tax Outlook. "Compared to last year, there appears to be more emphasis on maintaining the status quo as many countries continue to deal with difficult economic times," said John Wolfgang, Chairman of UHY. Countries such as Japan and Chile, which experienced severe earthquakes in 2011, have increased taxes to fund rebuilding of infrastructure. Some countries have emphasized the environment, introducing incentives to promote investment in green technology or a carbon tax to discourage use of fossil fuels. "Overall, the trend continues for slight reductions in corporate income tax rates and slight increases in rates of value added tax," concluded Wolfgang.
Working together internationally
UHY is a cohesive international association of member firms providing accounting, tax and consultancy services across the globe. With offices in nearly 240 major business centres and 78 countries, with over 6300 staff, generate an aggregate income of US$583 million (2010) ranking UHY International among the top 25 international audit, accounting and consultancy networks.
IFRS - One world, one standard – almost a reality?
Over the last year or so there has been widespread debate about IFRS (International Financial Reporting Standards) replacing US GAAP (Generally Accepted Accounting Principles), but how close are we and what does it really mean? Are we really about to see a single worldwide accounting standard applied in every major market?
Tax Treaties – How they work for effective tax planning
The first years of the 21st century have seen renewed interest and developments of a trusted 19th century vehicle for tax planning – the double taxation treaty.
Whether it will be adaptable to confront business models such as web-based commerce, and have the ability to do business without relying on traditional bricks-and-mortar, are still open questions. But, meanwhile, tax treaties remain useful tools for reducing the overall tax bite as companies, and the employees who work for them, continue to cross borders both in real and virtual terms.