Our buzzing SOY Books Promotion

If you haven't heard of our 2017 SOY Books Promotion yet, well don't worry, you still have time. We started on the 17th of October 2016 and we've been motoring along nicely. But what's SOY, you ask? Right, let me give you a bit of background.

SOY stands for start of year. In this instance, our campaign involves Wolters Kluwer books that are expected to be out in the first quarter of 2017. Well, for the first time, we're giving you a chance to pre-order these books early, rather than wait for 2017 to send in your order! AND, since we believe that the end of the year should have a feel good touch to it, we'll throw in a couple of extras! Interested? Read on!

BR1M: Friend or foe?

Ever since the launch of 1Malaysia People’s Aid (BR1M) in 2012, its allocation has expanded from RM2.6b (2012) to RM5.9b (2016). It began as a single payment of RM500 and RM250 to eligible households and single individuals respectively. 2016 sees the government doling out amounts of RM1,050, RM1,000, RM800 and RM400 to different categories of eligible recipients.

The need for BR1M cannot be denied. It targets households that earn less than RM4,000 per month and singe individuals that earn less than RM2,000 per month. Increased costs of living have left the M40 group feeling the pinch, what more of those in the B40 group? However, these cash payments can only go so far by making the recipients feel slightly less poorer for a few weeks at a stretch. It temporarily alleviates the symptoms but it does not address the root cause of the existence of the B40 group and people remaining in there.

Why do people still remain in poverty?

BEPS: Multinationals must be ready

Transfer pricing has always been an avenue used by many multinationals to reduce their tax liabilities, albeit in a legal manner. Different jurisdictions have differing tax regimes and frameworks. Large companies can do a massive amount of business throughout the world, but, thanks to some smart profit-shifting arrangements, end up booking most of the profits in jurisdictions with minimal tax.

The speedy growth of e-commerce and the digital economy has made it easier for companies to grow beyond their traditional boundaries, and the need for governments to clamp down on loopholes in the international tax system has never been more apparent.

It is pretty much an accepted fact that most of the existing tax rules were designed in an era where there was very little economic integration between countries, and with a high reliance on physical property, plant and equipment. To keep in pace with the current era, tax rules must change and jurisdictions across the world must collaborate and work together,

Are you maximising the use of your Intelliconnect resources?

While we at Wolters Kluwer are obviously happy when you agree to purchase one of our high quality online subscriptions (whether it's for tax, GST, accounting or human resources), we would be even more happier if you make full use of all the features that we've developed to help you in your work!

As such, I'd just like to take a short while to remind you of a few of the many features that Intelliconnect has which you should take full advantage of: