Philip Chua Business Blog

Posts Tagged ‘governments’

Sovereign debt levels, in absolute and relative terms, will continue to be a problem for all too many as governments step into the black hole of banks’ deleveraging – nationalisation by the back door. The FX market is overstretched in many areas and likely to correct some of February’s moves….

SOVEREIGN wealth funds (SWFs) – including the Government of Singapore Investment Corporation (GIC) – are feared more for what they are than for what they really do.

Such funds, which are owned by governments and funded by surpluses accumulated by the state, are often regarded with suspicion, especially in rich countries in Europe and America. There, such public money is typically used to build h… more

THE average corporate tax rate in the Asia-Pacific region continues to fall, bucking trends in Europe and Latin America, according to a KPMG survey out yesterday.
However, rate reductions could well be put on hold as governments urgently need to raise tax revenues to fund budgets hit by the global economic crisis.

The survey of corporate and indirect taxes in 116 nations found that many countrie… more

Need to boost tax bases checks fall in corporate rates: KPMG survey
THE global crisis has forced governments worldwide to reassess their tax policies. Where once they focused on cutting corporate taxes to lure investment, the need now to shore up their tax bases has slowed the fall in corporate tax rates.
These are the findings of KPMG’s 2009 Corporate and Indirect Tax Rate Survey, which covered … more

HERE in a nutshell, is the current sentiment when it comes to stock markets: most people hope the rise will continue – and while many brokers, economists and analysts publicly speak of a sharp, V-shaped recovery underpinning markets, they would also be privately pondering what might happen if central banks and governments run out of stimulus money.
The epicentre of all the world’s euphoria is, of … more

(SINGAPORE) Singapore remains a tax-friendly environment, but a study by KPMG has found that the global decline in top personal income tax rates over the past seven years may end soon, as governments worldwide seek new sources of stimulus spending.
According to the latest Individual Income Tax and Social Security Rate Survey, Singapore’s taxable income level where the highest rate of personal inco… more