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Press Releases and Comments for 2006

<< 2007 2005 >>

Singapore is Third most popular destination for Asia Pacific companies that outsource
06 December 2006 - Asian Outsourcing: the next wave. KPMG report reveals outsourcing by Asian companies within the region on the rise.

KPMG Firms’ combined global revenues rise to US$16.9 billion
30 November 2006 - Strong performance in fast growing economies. Audit grows 9 percent, Tax up 6 percent, Advisory up 13 percent.

Implementation of enterprise-wide Risk Management jumps almost nine-fold in four years
27 November 2006 - KPMG’s Singapore Risk Management Survey 2006 reveals that 82 percent of organisations surveyed report an increasing focus on risk management.
Reference: Singapore Risk Management Survey 2006

Singapore Tax Survey 2006 Preliminary Findings: Tax matters should be a board-level issue. Compliance is not enough.
16 November 2006 - The first survey of attitudes towards tax among organisations in Singapore focusing on the key areas of Tax in the Organisation, Tax Risks and Governance and the Singapore Tax Environment. Organisations from many industry sectors were interviewed.

Global competition leads countries to chase growth through lowering tax says KPMG International
14 November 2006 - KPMG's 14 year survey about corporate income tax rates internationally supports link between tax and economic success.
Reference: Corporate Income Tax Rate

Not just cash but exceptional management: private equity finding success in Asia
19 October 2006 - Cash is no longer the driver of deal success: exceptional management skills will determine the success of an investment.
Reference: Private tuition: Insights into how private equity houses nurture their investments in Asia

Notice to Asia Pacific countries - European Union leads world in race to cut company tax, says KPMG International survey
19 June 2006 - Countries in the Asia Pacific region should be alert to the downward trend of corporate tax rates in the European Union (EU). This trend may have implications for the level of investment attracted into the region and Singapore.
Reference: KPMG’s Corporate Tax Rate Survey 2006

Multinational trend towards low tax regimes speeds up, as corporates gauge cost of compliance, says KPMG International
18 May 2006 - The worldwide trend among multinational corporations towards moving their operations from high tax to low tax regimes has accelerated in the past year, a survey at this year’s KPMG International tax conference in Berlin has shown.

KPMG International survey reveals major corporations slow to adopt integrated tax reporting
16 May 2006 - Tax departments in some of the world’s largest corporations are struggling to make the business case for integrated tax reporting systems, a survey at an international tax conference has shown.

Singapore's Business Costs Rank First Among Nine Industrial Countries
22 March 2006 - Singapore is the most cost-competitive place to do business among nine industrialised countries, according to the 2006 edition of KPMG's bi-annual study, Competitive Alternatives. Canada ranks second overall, while France and the Netherlands are the most cost-competitive European countries studied, followed by Italy and the United Kingdom.
Reference: 2006 Competitive Alternatives Study

Asian vehicles seen gaining increased global market share
16 January 2006 - Automotive executives predict that Asian vehicle brands will increase their global market share significantly over the next five years, as consumers shift their preferences away from North American and European manufacturers.
Reference: Momentum; the 2006 KPMG GlobalAuto Executive Survey

<< 2007 2005 >>

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