How to Tax in Asia’s Digital Age

Asia alone has roughly two billion internet users, with considerable room to grow. Asia’s advanced and emerging market economies have several locally headquartered tech giants—including Alibaba, JD.com, Tencent, Rakuten—and host foreign tech giants such as Facebook. A new set of agreed global tax reforms will change where these tech giants and other global giants pay taxes.

[INFOGRAPHICS] Top 10 Banks in the World

Based on Tier-1 capital base, ICBC remains the biggest bank in the world followed by the China Construction Bank and the Agricultural Bank of China. We note that the first 4 biggest banks based on tier-1 capital are located in China while the next 5 are based in the United States and Mitsubishi financial group […]

Global economy on a Tripod: Deflation, Inflation and Recession in 2020

From economic theories, one characteristics of a recession is that price level of goods and services will become low. If this should go by and considering that economic theories are in favour of low inflation to boost economic growth, then the low prices of goods and services is meant to be a factor that will lift economies from contraction to boom. However, this is not always the case especially for countries experiencing deflation.

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