Turkish automotive parts supplier AL-KOR is a specialist in the design and production of parts for automotive Tier 1 companies. UHY member firms in Turkey and Germany provided advisory services and ongoing consultancy to conclude the client’s acquisition in Germany.
- No inheritance tax in emerging economies such as China, India and Russia
- Major economies under pressure to abolish unfair ‘death tax’
- Emerging economies resist introducing IHT in order to attract investment
• Yet almost no difference between lower income tax payers in G7 and BRIC countries
• Russia has lowest rate for top earners