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

Feature China: Looking Ahead (April 2011)

more across site & shared bottom lb ros

More from across our site

Direct Tax

The future of tax incentives in the GCC after pillar two

Hany Elnaggar examines how the OECD’s global minimum tax is reshaping the GCC’s investment incentive landscape, shifting the region from rate-based competition toward substance-driven economic positioning

Hany Elnaggar, May 27 2026

Direct Tax

Charles Russell Speechlys adds five-strong private client team in Asia

The acquisition of a two-partner practice from Stephenson Harwood means that Charles Russell Speechlys has the largest private client team in Asia, the firm claimed

Sam Sholli, May 26 2026

Direct Tax

EY US bans overseas working on personal time due to tax risks

Complex and constantly shifting rules on global mobility mean ‘the risk is too great’ for staff to work abroad on personal time, EY’s Maureen Flood tells ITR

Sam Sholli, May 25 2026

Direct Tax

Audit And Fraud Investigation. Auditor Using Magnifying Glass

A taxing week: Waiving pillar two filing penalties a welcome yet sobering move

While it’s great that the OECD is alive to multinationals’ fears of being caught in a compliance trap, the ‘common understanding’ illustrates a worrying lack of readiness

Tom Baker, May 22 2026

Direct Tax

This week in tax: Tax partner headcount at large firms nearly doubles in 20 years

Rising demand for specialist expertise has fuelled the growth in tax partner headcounts, Cain Dwyer found; in other news, Switzerland has been urged to reconsider pillar two

Tom Baker, May 22 2026

Transfer Pricing

G7 backs pillar two SbS deal, opens pillar one dialogue

An OECD report on the taxation of the digital economy is expected by the end of 2026, according to the group of nations

Sam Sholli, May 21 2026

Direct Tax

How family offices are institutionalising the ownership of trophy assets

Trophy assets are evolving from personal indulgences to structured investments, prompting family offices to prioritise tax efficiency, governance discipline, and cross-border compliance

Jacopo Crivellaro, May 21 2026

Direct Tax