IRS Enacts New International Intercompany Service Regulations
Amidst pressures to remain competitive in a global economy, businesses in Texas have established companies outside the United States. For such companies, during regular business dealings, the activities performed by one member of the group often benefit the other member.
[read full article]
China to Implement Unified Enterprise Income Tax Law - Effective January 1, 2008
The 10 th National People’s Congress of China concluded March 16, 2007, after approving the Enterprise Income Tax Law (New Tax Law) that will become effective January 1, 2008. The Enterprise Income Tax Law aims to streamline the new tax rates and allowable deductions for both domestic and foreign-owned enterprises.
[read full article]