While the UAE Cabinet has approved the corporate tax
policy, there are still many stages to go through before the laws are signed by His Royal Highness the President and published in the Official Gazette.
David Hillan, head of corporate tax
in Birmingham, said: "Over recent years the corporate tax
team has undertaken a large number of assignments with a wide variety of clients across many business sectors.
rate, even if that assumes the closing of current tax loopholes.
Investors have been scrutinizing whether Japan can substantially lower the corporate tax
rate - among the highest in the world - to spur growth in the world's third-largest economy, Reuters said.
is falling behind in the global trend of reducing corporate tax
contrast to expensing, a corporate tax
rate cut lowers the tax on both
Mike Roberts, managing director of the Corporate Market EMEA for the Tax & Accounting business of Thomson Reuters said: "To address the escalating demand from multinational corporations, due to the challenging tax environment in which they operate, professional services firms like PwC are using technology to ease the complexity of the corporate tax
Under the Dutch Corporate Tax
Law, economic activities by public bodies either as part of the public administration or in the form of publicly owned companies are, in principle, exempted from corporate tax
The president wants to lower the US corporate tax
rate from the current 35 per cent, the highest in the world after Japan.
The corporate tax
rates in some GCC countries are falling this year, at a time when elsewhere in the world, government's are demanding more from businesses.
In Latin America, the average corporate tax
rate this year remained 26.
Prime Minister Naoto Kan said Sunday he wants to consider expanding the corporate tax
base in parallel with a proposed cut in corporate taxes