0240 B415F Profits tax-non-resident answers

0240 B415F Profits tax-non-resident answers - B415F Profits...

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B415F Profits tax -Non-residents 11
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Exercise n The Newton Corporation is an international company carrying on a business providing logistics services. The aim of Newton Corporation and its subsidiaries (“the Newton Group”) is to offer flexible logistics solutions to their customers. 22
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Exercise The Newton Group is planning to set up a company (“XCo”) in Cyprus or Malta and hereinafter transfer the group's trade-marks to this company. The transfer of trademarks will be made at fair market value. XCo will receive royalty payments from its subsidiaries in various countries, including Hong Kong, where the Newton Group has business activities (Assume that the transfer is at arm's length and for commercial reasons). 33
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Exercise n The royalty rate will be approximately 0.5% on the turnover (assume this is on arm's length basis and in line with the Newton Group's transfer pricing policy). n
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This note was uploaded on 03/11/2010 for the course BBA B415 taught by Professor Mrli during the Spring '10 term at Academy of Art University.

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0240 B415F Profits tax-non-resident answers - B415F Profits...

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