Scienion AG is a life sciences company well positioned in markets for ultra-low volume liquid handling systems and microarray technologies. UHY Deutschland AG, Germany, provided payroll accounting and tax advisory services. In Ireland, UHY Farrelly Dawe White, provided the same services, while UHY GVA, France, provided payroll accounting. Globally, 10 UHY member firm professionals were engaged.
- 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