In any tax system, a high level of certainty is required for both ease of tax administration and the efficient collection of tax liabilities. Likewise, for companies and their stakeholders, domestic and international tax-related certainty is a fundamental goal. The UK’s EU referendum and potential exit from the European Union represent serious threats to this desired stability. And the biggest challenge businesses will face from a potential “Brexit” will be negotiating the resulting uncertainty.
On March 24, Singapore’s Finance Minister Heng Swee Keat announced the Singapore budget for the 2016 financial year. An outline of Heng’s speech to parliament, with links to passages by topic, is available on the government website. Since the full text runs to over 14,000 words — or 72 pages in the downloadable Word document — we’re summarizing the budget’s important tax-related points here.
Welcome back to Global Glance. This week we’ll do something a little different and look at a single story — the recent termination of the mammoth Pfizer-Allergan merger — a little more closely. Hang on to your profit and loss statements, then, here we go.
Our advisors' expertise and experience helping clients overcome compliance challenges of the moment put them in a great position to predict the global trends multinationals need to be aware of in 2016. Here are three of our top advisors for their informal takes on what to watch for in 2016.