Press Releases
UHY 2011 Global Tax Outlook
12th January, 2011
As we enter 2011 after several years of economic downturn and as governments look for ways to make up lost revenue, several trends are developing, as reflected in the tax updates from some of our UHY member firms around the world. Corporate income tax rates generally stayed the same or dropped slightly for 2011. Even with the slight downward trend in corporate income tax rates, the trend for transaction taxes such as value added tax has been upward. Tax enforcement, including transfer pricing, enhanced reporting requirements, and a heightened focus on investments in low-tax jurisdictions, all are center stage for 2011.
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