Malaysian Companies Should Pay More Attention On Tax Risks

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 significantly affect a company’s bottom-line;Companies might end up [...]

September 22nd,2006 | Category:Taxation News | Leave a comment

Glaxo pays $3.1 bln to settle U.S. tax dispute

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 [...]

September 11th,2006 | Category:Taxation News | Leave a comment