As Asia Pacific businesses continue to emerge from the economic crisis of the late 1990's, there have been many changes to the tax systems in the region.
Countries work to boost local economies and attract foreign investment.
Australia is currently revamping its business tax system, Singapore is offering more tax incentives in the technology area, and Vietnam has issued a new circular on the taxation of business income, to name a few. A particular feature of the economic resurgence has been the activity in many of the stock markets in Asia, particularly in Internat start-ups. This has caused many governments in the region to focus on how to tax e-business effectively. They must avoid revenue shrinkage when businesses move away from the traditional business models to an e-business model. This publication provides companies ,which are interested in or are already doing business in the Asia Pacific region, with insights into recent tax developments.