Recently, at a press briefing in Kuala Lumpur on Sept 13 in conjunction with the 32nd Deloitte KassimChan Tax Management Seminar, Deloitte’s managing director, Ronnie Lim offers some advices which should be well heeded:

Malaysian companies should pay more attention to taxation issues as it could […]

Well don’t underestimate transfer pricing tax planning:

Recently reported in Reuters that:
“ The U.S. Internal Revenue Service (IRS) claimed back tax from Glaxo (Europe’s biggest drug-maker) after alleging it engaged in so-called “transfer pricing”, a practice designed to minimise U.S. taxable profits by overpaying foreign subsidiaries for product supplies. The IRS argued that Glaxo’s […]