UHY Member Firms around the world have contributed to the 2012 edition of the UHY Global Tax Outlook. "Compared to last year, there appears to be more emphasis on maintaining the status quo as many countries continue to deal with difficult economic times," said John Wolfgang, Chairman of UHY. Countries such as Japan and Chile, which experienced severe earthquakes in 2011, have increased taxes to fund rebuilding of infrastructure. Some countries have emphasized the environment, introducing incentives to promote investment in green technology or a carbon tax to discourage use of fossil fuels. "Overall, the trend continues for slight reductions in corporate income tax rates and slight increases in rates of value added tax," concluded Wolfgang.
Global Tax Outlook
An annual publication showcasing the breadth and depth of UHY member firms' services and cross-border business development capabilities presented through a series of client case studies.
Global accountancy network UHY extends its coverage within Europe by appointing Eki Revizija d.o.o. Eki Revizija d.o.o. was established on January 19, 2000. With a team of 17 staff and two partners, the firm is based in Belgrade, the capital and one of the largest cities in Southeast Europe. Eki Revizija d.o.o. was founded by the Economics Institute in Belgrade but operates as an independent legal entity.
The BRIC nations (Brazil, Russia, India and China) have increased their lending to businesses by double digits since the collapse in 2008 of Lehman Brothers while the US and many European economies have seen lending fall by double digits, threatening their economic recovery, according to UHY, the international accounting and consultancy network.