Orascom Hotels and Development (OHD) is a leading integrated town developer in Egypt and the Middle East. UHY’s member firm in Egypt, provided accountancy services for the Group’s transition to IFRS and auditing for several of the Group’s subsidiaries.
- 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