A balance between the interests of multinational companies and the tax authorities amidst the continuing instability within the global economyhas become tremendously important. Transfer pricing is crucial in maintaining this balance. While it is a major tax issue for multinationals seeking to maximize tax efficiencies and limit double taxation, keeping up to speed with all of this change is a also challenge. With multinational corporations evolving into global enterprises, it is fast becoming a complicated and expensive task to comply with the differing landscape of legal precedents, regulations and local country nuances for transfer pricing issues. In intercompany transfer pricing every transaction needs to be analyzed under a different set of facts and circumstances. Here's a quick glance at the revised transfer pricing regulation in Indonesia Indonesia's revised transfer pricing (TP) regulation now differentiates between transactions with foreign and domestic related parties.
The revised version is applied since November 11, 2011 and replaces the previous regulation that was issued on September 6, 2010. The new regulation can be applied to a related party transaction for domestic related parties including permanent establishments to adjust differences in tax rates on final and non-final income tax among certain business sectors, sales tax on luxury goods and transactions with oil and gas companies that have contracts for production sharing. As an alternative to the hierarchy based model, the transfer pricing method is now based on the most appropriate method. Arm's length principle (ALP) The Arm's Length Principle is now being applied for a related party transaction whose value is more than IDR 10 use of incidental internal comparables which could be used only in an incidental related party transaction is now being recognized by the Directorate General of Taxation (DGT). The new regulation also lists more comparability factors for economic circumstances.Organizational structure should be considered while performing a functional analysis in supply chain management, toll/contract manufacturing and full fledge manufacturing.
The new regulation makes available additional details on the definition and the use of marketing and trade intangibles. Cost contribution arrangements between related parties have also been acknowledged by the new regulation. In an international expansion, it is advantageous to have a trusted service provider can that can assist you in creating an appropriate tax and legal structure to optimize your new operating configuration. You can have unlimited assistance in aligning your tax profile and a good service provider would be focused on providing exceptional assistance in keeping you in tune with changing transfer pricing regulations, international accounting services, etc.
There is soon going to be shocking news around for the British's manufacturing industry as the British engineering group GKN has decided to buy Sweden's largest aerospace company 'Volvo' worth up to 800m. According to the reliable sources, the deal is not imminent as the other bidders like Germany's MTU Aero Engines, Carlyle Group and Nordic Capital have supposedly pulled themselves back from the list of front-runners who planned to buy Volvo's aero engine business. After the acquisition of Volvo Aero, GKN would be considered the second largest, by revenue, of GKN's four divisions. Since Volvo Aero manufactures entire engines as well as parts for aircraft including Saab's Gripen fighter jet, it would be a major expansion of GKN's aerospace business. Speculations are also being made about GKN that to raise enough cash to buy Volvo, it is planning to sell out its non-core business of wheels which manufactures parts for construction and other heavy vehicles.
Recently, in the month of January when GKN failed to make a lucrative contract to do work on the wings of the Airbus A320 jet after losing the deal to its Korean rival who made a cheaper offer. GKN which manufactures lightweight parts for Airbus and Boeing jets on the Isle of Wight as well as Bristol is already in joint venture with Rolls-Royce for making lightweight turbine blades for the aircraft engines. However, it was confirmed by Chief executive of GKN, Nigel Stein, that the company was looking for profitable acquisitions, especially in aerospace and land systems, as far as the buyout is concerned they would remain disciplined. GKN's chief executive, Nigel Stein, called the year 2011 as the year of transition for the aerospace industry. He explained that the boost in the civil aviation market has lessened the military orders.
Earlier, the sales mix was 58% civil and 42% military which is now expected by GKN to move towards 70% civil and 30% military. With this deal, GKN now wants to move forward and sell its aero engine division which supplies parts for civil and military aircraft. Stein confirmed that they are more focused on heavy trucks and construction equipment. However, analysts Andy Chambers and Alexandra West at Red burn cautiously stated on this mooted deal that it would be a significant undertaking carrying an element of execution risk. Sandy Morris at Jefferies warned Volvo Aero that the acquisition might stretch GKN financially and a rights issue might be sincerely required. Need cash apply with short term cash loans and get funds in minutes. Although, Volvo Aero and GKN have lots in common in the engine components market, they are working on the development of composite materials for engines. And, since both are already major suppliers to GE, Pratt & Whitney and Rolls-Royce, they are together going to have a much stronger portfolio in the market. Morris further added that they would analyze the equity placing and increasing debt against the uncertain Euro zone; and also cleared that the deal was little compelling.
One of the world's biggest and leading telephone brands, Motorola, will be supporting a music talent contest called MySchoolAct. The winners will be given a record deal with the top recording production and studio company Sony Music Entertainment. He or she will also get a spot for the Big Day Out 2012 festival program. Most aspiring musicians or students who are looking to find jobs in the music industry should take advantage of this contest. Most of the students who would join this contest would consider audio production schools after high school. This contest will not only help the winner with a solid foundation with exposure, it will also give him or her a taste of what is to come if they were to pursue a job in the music industry. Aspiring musicians from different schools in the regional, metro and even the rural high schools from corner to corner of Australia are given the opportunity of a lifetime.
This opportunity can give them a bright future in the music industry and even help them get into the best audio production schools. The possibility of getting a record deal with a big music production company, Sony Music Entertainment, which is valued about $50,000. Besides that, they are also being included to join the line up of the Big Day Out 2012, Australia's grandest and biggest music festival the tours from city to city. This possibility would not be possible without MySchoolAct and Motorola. MySchoolAct is basically an online musical talent competition which is exclusively made for Australian students who are in high school with the passion for music and the industry. The MySchoolAct supports all the music groups, choirs, bands and other that are within the schools. Best of all, this competition is for free. No sign up fees are needed. The MySchoolAct program has been planned to showcase all the incredible talents that high school musicians and bands across Australia have.
The program also enables these students to make or build and even interact with their fan base. They can post their videos and music on the site so everyone can see them. Higher education schools such as music collages and audio production schools have supported the program to let the high school students show their talent and become better at stage performance or when performing with an audience. Asides the main prizes, Motorola will also be given out merchandise.
According to the reports by the panel of expert analysts at the London Bullion Market Association, the prices on silver will not rise up to a remarkable extend as expected the same in April 2012. However, gold will display its flares in 2012 because of ongoing precious metals price prediction competition. As statistics from the competition on the prices, gold appears to touch elation unlike its counterpart the white metal. From the analysts' forecasts, it is clear that the average silver price in 2012 was US$33.98, but it shored up to a height of $44.49 that was a consecutive predication representing a substantial 39% increase. This is a blueprint of the current silver price, which is around $32.
If you take both of the metals in combination, you will see that the gold: silver ratio may fall a little from the current 52 to around 46, which is rated above the low point achieved in 2011 as well above the so-called historic ratio of 16:1. As six out of 25 participants in the competition assume that the prices on silverwill exceed $ 48.70 at some stage in 2012 taking for grand 28th April last year's silver price rise. Some analysts believe a maximum $50 increase for the white metal as the rounded off figure for silver at the current moment. With their last year prediction, they were unfortunately wrong with their $10 below guess. Hence, they feel that it is very difficult to predict fate of silver. The survey participants' doubts on silver's performance occur as a result of agitation about the global economic recovery and the proportion of silver demand, which depends on industrial usage. Some bullish forecasters say that the increasing industrial demand in the mid of the year provide sufficient boost to silver prices.
Hence, it offers an edge to its counterpart, gold as well a strong witness of silver's performance where both metals move forward at the same time. The white metal appears to be more volatile metal than its counterpart, gold whereas the variation is enormously notable because of high and low over the prices. According to the forecast of the analyst participants, the average silver price may fall down $20 whereas the average low price will stay at $24.06, which is huge difference representing a difference between high and low of around 85%. Because of volatile nature of silver, it is referred the Devil's metal and a point to note down that it is hard to predict about its altering prices.
Granite crusher is a mining & quarrying equipment used in granite mining or granite quarry, in order to crush the granite rocks to the required specifications. BinQ is a major granite mining & quarrying equipment manufacturer and supplier in China.
PRLog (Press Release) Oct 28, 2010 Granite crusher is a mining & quarrying equipment used in granite mining or granite quarry, in order to crush the granite rocks to the required specifications.
BinQ is a major mining & quarrying equipment manufacturer and supplier in China, our quarry rock crusher is of good quality and service. Granite crusher is the popular products of BinQ, the major granite crusher is jaw crusher, impact crusher and mobile crusher etc.
In order to produce the granite aggregate, granite crusher is needed to crush the big granite rocks to the required size specification. In this process, primary crusher, secondary crusher, tertiary crusher etc. are needed for the granite quarry crushing plant.
As a professional crushing equipment manufacturer and supplier, BinQ can produce jaw crusher, impact crusher, cone crusher for the clients. We recommended the customer to choose jaw crusher and impact granite crusher as primary crusher, cone crusher as secondary crusher and tertiary crusher if necessary, In order to be used as granite aggregate, the shape of the end products is important for the clients, Our PF impact crusher or PFW hydraulic impact crusher can crush the rocks with end products of cubical shape. Our VSI crusher is an ideal choice too.
For the small granite quarry crushing plant, portable crusher and mobile crusher equip with small jaw crusher, impact crusher, vibrating feeder, vibrating screen, conveyor belt is a good choice.
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New headquarters of Nike Group the Greater China will be built in Shanghai. Nike's employees will move into a new building named "The Greater China area". With an area of approximately 600,000 square feet (about 54,575 square meters), the Greater China headquarters will be located in the Yangpu District of Shanghai. U.S. Tishman Real Estate company develop this multi-purpose project and named it with "Shangpu-the world guide". This project will be a long-term growth strategy for the Nike Company. After the project finished; its trading business will be raised. Nike Company has gained its fame in Tianjin and Chengdu area before this project. This new project is a strategic investment which has astounded the people. All the Nike's employees will be gathered together in this headquarters and also the company's group brands. At the same time, the company's office facilities and operation capacity could be upgraded and extended. In 2011 June, the annual revenue of Nike Company in the Greater China is over $2,000,000,000 for the first time. And the regional revenue growth rate is 35%, reported in the annual fiscal report in December 20th, 2012. When the construction was started in June, 2011, we have recognized the value and importance of the headquarters.
Shanghai's marketing value and the business advantages have shown its potential for the local residences. A long-term cooperation relationship will be built between Tishman and the Nike Group. As a company, Tishman is a combination of real estate owners, developers, operators and investment management companies. Nike has signed a long-term lease agreement with U.S. Tishman company on this project. A set of buildings will cover an area of 587,227 square feet (54,575 square meters). A set of buildings include about three office building and a five layer of multi-purpose conference centers will show its appearance after the construction. Accompany with the commercial office building, a football field, a standard indoor basketball court and the first-class fitness facilities will also be built. A full set of catering facilities and a separate conference center used for holding large scale events and product launches will be installed in the new headquarters.
Nike Company claimed that the movement is going to occur in the first quarter in 2014. The building is located between Hongqiao airport and Pudong airport, the two largest airport in Shanghai. The transportation around the headquarters is quite convenient. With the main traffic hub and subway stations and 32 bus lines around the headquarters, it connects the Shanghai metropolitan area. Before the construction of the headquarters, it lies the airport facilities,which is with the Ecological Conservation Park around.