Thriving in diversity and change
For many multinationals, an idea for a service or product may have originated in Country A. But capital could have come from the British Virgin Islands, IP held in the Bahamas, and R&D, testing and manufacturing done by Country C.

Where then is value created? And what constitutes economic activity?

National tax codes appear to have fallen hugely behind the complex ways in which business is conducted across borders today. The BEPS project, which aims to correct this inversion perversion, was one of the major themes explored at this year’s KPMG Asia Pacific Tax Summit. Read a summary of the discussions that took place over a packed three days in Singapore, including some urgent recommendations for action by business.
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