Governments worldwide continue to reform their tax codes at a historically rapid rate. Taxpayers need a current guide, such as the Worldwide Corporate Tax Guide, in such a shifting tax landscape, especially if they are contemplating new markets.
Argentina already increased its headline corporate tax rate from 30% to 35% in 2021. President Joe Biden has also pledged to raise federal corporate income tax to 28%, after it was cut to just 21% by his predecessor Donald Trump in 2017. Global corporate tax rates have been st...
Lower rate or exemption if paid by an approved industrial undertaking. Exempt if paid by a bank and received by a bank. Exempt if paid to a bank but linked to a government loan agreement or paid to specific financial institutions/banks. ...
The holidays take the form of an exemption from CIT for a certain period beginning immediately after the enterprise first makes profits from the incentivised activities, followed by a period where tax is charged at 50% of the applicable rate. However, where an enterprise has not derived taxable...
Australia has implemented a levy (known as the Major Bank Levy) on Australian authorised deposit-taking institutions (ADIs) with total liabilities of greater than AUD 100 billion. The levy is imposed at a rate of 0.015% on certain liabilities of the ADI that are reported to the regulator on...
Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition when interest rates fall income may decline. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest...
*3. ROIC is calculated using the following formula: {Net income + Interest expense×(1 - Effective tax rate)}/{Owner's equity + Interest-bearing debt (both the averages of the figures at the beginning and the end of each fiscal year) } *4. Adjusted Debt/EBITDA multiple represents ...
After successful completion of the move of Kulicke & Soffa's Global Corporate Headquarters from the U.S. to Singapore, he led a complex business tax restructuring project to improve operating efficiency and reduce the company's effective tax rate during a record setting fiscal year of 2011. ...
For all rated entities in Greater China, the default rate was 1.1% in 2022, lower than 1.5% in 2021 (see table 2). In contrast, the global default rate for all rated corporate entities rose to 1.0% in 2022 (with a total of 85 defaul...
(45.40), Philippines (38.81), Taiwan (34.96), Hong Kong (26.83), and China (22.06).Footnote1As outlined in the dataset section, Refinitiv Eikon normalizes and benchmarks the company’s social performance score against the complete Refinitiv Eikon’s ESG company universe, assigning scores ...