Fedders Corporation is a leading global manufacturer of air treatment products for residential, commercial and industrial use. UHY member firms provided audit services for the firm, some of its subsidiaries and joint ventures, including an integrated audit process required by Sarbanes-Oxley.
- 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