Tax incentives
Trump administration plans to boost tax break for corporations
THE US Treasury Department is preparing to release a corporate tax workaround that would deliver large tax savings to companies including Salesforce and Qualcomm.
Two SFO funds linked to Chen Zhi’s group were granted tax incentives: Chee Hong Tat
MAS takes ‘risk-proportionate approach’ to maintain Singapore’s status as a trusted financial centre, he says
Malaysia sweetens JS-SEZ package with fast-track manufacturing licence approval, multiple-entry visa
Country’s Strategic Co-Investment Fund will also have a new matching ratio of 1:1 versus an earlier 1:2
MAS to simplify framework for single family office fund tax scheme
Move is ‘timely’ given evolving landscape, rising competition from Hong Kong, Dubai, observers say
Malaysia offers zero tax for family offices in US$100 billion Forest City development
The single-family office programme “aims to attract regional and Malaysian families to manage their family wealth from Malaysia”
Forest City could become cheaper, secondary family office hub to complement Singapore
While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centre
How tax professionals can play a role in a company’s sustainability journey
They can assess ESG-related schemes to help firms reduce their carbon tax costs, contribute towards causes, and adopt good tax governance
More moves expected to promote innovation in Budget 2025, say industry watchers
Targeted tax incentives, grants or co-funding schemes are among the possibilities
Record growth of single family offices may be over but new entrants likely to be wealthier
Some observers say number may even decline on stricter requirements, rising competition
Budget 2025 expected to bring tax rebates, no ‘significant’ tax hikes
Observers expect rebates for both corporate income and personal income taxes, to alleviate cost pressures
