Asia Entertainment & Resources Ltd (AERL) is an investment holding company operating through its subsidiaries and related promoter companies to provide gaming rooms for high-stake patrons, principally in Macau, the People’s Republic of China. UHY LLP is assisted by UHY Grace HK CPA Limited, Hong Kong to provide audit services and Sarbanes-Oxley (SOX) guidelines.
- 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