International and Emerging Markets Blog

China diary: Hong Kong’s high life – high rents, high competition, high-end luxury

Tuesday, May 15, 2012 | Posted by: Barry Knight
Categories: China | Tags: China, growth, UK, retail, wealth, luxury, opportunities, Hong Kong, brands, commercial property, China diary, retailers, retail space, : Hong Kong, China, China diary, UK, commercial property, growth, opportunities, wealth, retail space, retailers, luxury brands, retail

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Ever wondered what it would be like having a business in Hong Kong? In my first post – our second from China – I highlight the differences between Hong Kong, China and the UK retail markets for the benefit of our UK clients looking at ways to take advantage of the growth opportunities in China…

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Navigating India’s new Direct Tax Code

Saturday, July 16, 2011 | Posted by: Grant Thornton
Categories: India, India Watch Issue 13 | Tags: India, India Watch, UK, South Asia Group, Grant Thornton India, South Asia, legislation, wealth, companies, Direct Tax Code, Wealth Tax Act 1957, ITA, DTC, Tax Act 1961, individual, laws

It is regarded by some commentators as one of the most substantial changes to India’s tax system and will have significant implications for companies operating in and out of India on a cross-border basis. The newly proposed Direct Tax Code (DTC) is to replace the existing Income Tax Act, 1961 (ITA) with effect from April 1, 2012. The DTC is being introduced to integrate all direct tax laws (ITA and Wealth Tax Act, 1957) under a single legislation, to simplify the language, to reduce the scope of litigation and to provide stability in direct tax rates. Below we highlight some of the proposed changes.

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