When Musto, the world’s leading sailing and country sports brand, needed to anchor expert financial advice about VAT, GST and corporate taxation for each planned stopover during the Volvo Ocean Race. Musto turned to UHY member firms in 10 different locations to get this advice coordinated by the UK member firm.
- 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