Re-dividing the pie

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Re-dividing the pie

May 22 2011

Income redistribution and law enforcement are the two key pillars of the forthcoming individual income tax (IIT) reform. Businesses and individuals will feel the impact of the changes. There will be continued focus on the tax withholding obligation of businesses in respect of their employees. Dawn Foo and Yong Yong Ng of KPMG believe commercial transactions of entrepreneurs, including sales of businesses to foreign corporations, will be placed under closer scrutiny.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

FeatureChina: Looking Ahead (April 2011)
more across site & shared bottom lb ros

More from across our site

Direct Tax
EU digital
How the EU’s Digital Operational Resilience Act will impact tax
Tax teams and the IT experts they rely on should be wary of increased compliance, says Richard Sampson, chief revenue officer at Tax Systems
Richard Sampson, March 12 2025
Direct Tax
Switzerland Supreme Court
Bär & Karrer succeeds in Swiss supreme court tax ruling
The law firm was representing a businessman in the commodities sector who had previously been convicted of tax fraud
Sam Sholli, March 11 2025
Direct Tax
President Trump
‘Troubling and unhelpful’: Tax experts on Trump’s trade war
One expert last month predicted the short-term impact of tariffs would be “devastating” for both Canada and the US, particularly if the former instituted retaliatory measures
Sam Sholli, March 11 2025
Rankings analysis
London
State of the market: sizing up UK tax firms
Ahead of another busy year for the World Tax rankings and ITR Awards, we profile some of the UK’s major firms and explore key market trends
Ed Conlon, March 10 2025
Direct Tax
Hilary Wardhaugh Photographer
Australia ‘carefully watching US developments’ on pillar two: minister
The Labor government has done more than any previous administration to crack down on multinational tax avoidance, Andrew Leigh also tells ITR
Tom Ravlic, March 10 2025
Direct Tax
digital tax
Preparing for FASTER with data automation
Companies that come to terms with digitised tax processes now will stand to gain from FASTER’s disruption, argues Carlos Silva of Xceptor
Carlos Silva, March 07 2025
Direct Tax
kpmg.jpg
This week in tax: KPMG US elects Tim Walsh as chair and CEO
Audit specialist Walsh, a 33-year veteran of KPMG, will assume the leadership role in July; in other news, a think tank has claimed that the UK tax advisory market requires ‘urgent reform’
Sam Sholli, March 07 2025
Transfer Pricing
india.jpg
India: AON TP ruling ‘will act as strong precedent’
The court emphasised that TP analysis must adhere to the arm's-length principle, be based on the specific facts of each transaction and comply with domestic regulations, one expert says
Sam Sholli, March 06 2025
Indirect Tax
european-commission-tax-600x375.jpg
This month in indirect tax: EU goes digital with VAT exemption certificate
Singapore extends GST remission in 2025 budget; UK closes in on e-invoicing; two new partners at RSM Belgium ;and more
Ralph Cunningham, March 05 2025
Rankings analysis
Aerial view of Christ and Botafogo Bay from high angle.
State of the market: assessing Brazil’s key tax advisory players
As we build up to another busy year for the World Tax rankings and ITR Awards, we give a rundown of some of the major firms and trends within the Brazil tax market
Ed Conlon, March 04 2025
Gift this article