Malaysia has released detailed guidelines on four new tax incentives revealed in its 2015 Budget, the most attractive of which aims to encourage companies to establish headquarters in Malaysia with a 0% - 10% corporate tax rate for 10 years.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap