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By Christopher CondonWhile Treasury Secretary Yellen expects businesses to back the push for a global minimum tax, the U.S. Chamber of Commerce worries some still-ambiguous elements may disadvantage U.S. businesses.Neil Bradley, chief policy officer for the U.S. Chamber of Commerce, said the group has grown increasingly concerned that a fledgling global tax deal may “fundamentally disadvantage U.S. companies.” Bradley’s remarks, in an interview Tuesday at Bloomberg News in Washington, cast doubt on Treasury Secretary Janet Yellen’s view that U.S. corporate leaders would eventually support the historic deal and urge Congress to pass the legislation necessary to implement it. There is...

CORPORATE & FIDUCIARY NEWS 2022

This was way higher than the net outflows of USD 95 million registered during the quarter ended September 2021India-focused offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of USD 435 million in three months ended December 2021, making it the 15th consecutive quarter of withdrawal, according to a Morningstar report released on Wednesday. This was way higher than the net outflows of USD 95 million registered during the quarter ended September 2021.The higher outflow during the quarter under review could be attributed to "enhanced concerns on the global and domestic fronts and driven by the US Fed's hawkish...

FUNDS & FUNDS SERVICES NEWS 2022

Chinese outbound investments into Asia (including Australia) totaled 101 or roughly 40% of Q4 total volume of outbound investments and 48% of total Q4 global outbound. This percentage of volume has remained flat over the past few quarters, although China’s Asian outbound investments as a percentage of its global aggregate has increased, meaning more money has been allocated to Asia than elsewhere. In Q4, China outbound investment into Asia was US$6 billion or 48.0% of the global outbound total while announced Asia inbound was US$10.1 billion, the highest since 2017. To recap as to why inbound surpassed outbound, President Xi...

FOREIGN DIRECT INVESTMENT NEWS 2022

  Goldfield is a Financial Services Commission (FSC) licensed management company based in Mauritius that offers corporate and administration services to Funds, Corporates, and Private Clients worldwide.   The company is led by a team of professionals who are expertly versed in managing large complex funds and corporate structures. Goldfield, therefore, makes it easier for clients to administer their businesses thus allowing them more time to focus on their commercial activities and the performance of their funds and companies. Goldfield positions itself as a niche market player with a focus on the quality of service delivery and seamless execution. Our...

CORPORATE & FIDUCIARY SPONSORED CONTENT 2022

  Find out how Asia Outbound can introduce you to new intermediaries for your project or services.           By GUEST COLUMNIST    The government has announced its new action plan for attracting foreign businesses to establish or expand their activities in Cyprus.   The announcement came a year after the abolition of the previous investment program in the wake of adverse publicity that put Cyprus in the spotlight for the way it granted citizenship.   The new strategy, to be implemented from January 1, 2022, aims to attract foreign businesses and stimulate economic activity by promoting foreign investment.  ...

IMMIGRATION BY INVESTMENT NEWS 2021

Find out how Asia Outbound can introduce you to new intermediaries for your project or services.         Global minimum tax could hurt low-tax emerging markets   By: James Langton     The recent agreement to set a global minimum corporate tax rate of 15% will reduce the appeal of shifting operations to certain low-tax jurisdictions for multinational corporations, says Moody’s Investors Service.   This, in turn, may hurt countries that have used low tax rates to lure business.   “If successfully implemented, the global minimum corporate tax rate will be mildly credited negative for sovereigns that have used tax policy as a...

CORPORATE & FIDUCIARY NEWS 2021

Find out how Asia Outbound can introduce you to new intermediaries for your project or services.             By Waheed Abbas, Khaleej Times   Visitors to Gitex Global 2021, which is taking place at the Dubai World Trade Centre, can find out all the details about the application process for obtaining the UAE Golden Visa.   During the five-day exhibition from October 17 to 21, officials from the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai will explain the conditions and criteria for Golden Visa and how one can get it.   The UAE Golden Visa is...

IMMIGRATION BY INVESTMENT NEWS 2021

Find out how Asia Outbound can introduce you to new intermediaries for your project or services.             By Doug Connolly, MNE Tax   The OECD highlights the importance for developing countries of streamlining complex transfer pricing rules and facilitating access to country-by-country reports in October 13 recommendations to the G20 finance ministers. The transfer pricing recommendations are part of a broader report addressing how global tax rules could be better tailored to meet the needs of developing countries.   In the report, the OECD includes among its “highest priority” recommendations a need to address how country-by-country reporting could be made...

CORPORATE & FIDUCIARY NEWS 2021