Pharm-Olam International (POI) is a privately-owned multinational offering a wide range of clinical research services to the pharmaceutical, biotechnology and medical industries. UHY LLP, US, provides audit services to POI’s HQ, UHY Hacker Young Group, UK, provides audit and tax services to POI’s European operations and further audit services are provided to POI subsidiaries by UHY member firms in Argentina, Canada, Croatia, Hungary, Poland and South Africa.
- 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