Tax Compliance in ASEAN, Anti-Fraud in India, and Vietnam-Australia Relations – Asia Investment Brief
Our weekly round up of other news affecting foreign investors throughout Asia:
Businesses are affected not only by tax rates but also by the ease with which taxes are paid in a jurisdiction. For many of the ASEAN’s developing markets, slight differences in tax rates can be more than offset by difference in time taken to comply with tax-related procedures.
India is among the world’s fastest growing emerging markets, aided by liberal foreign investment policies and an expanding consumer base. This has catapulted the number of market players – foreign and domestic – and led to high levels of competition in each industry, often exposing firms to the threat of fraud and other risks.
The Moscow-backed Eurasian Economic Union (EAEU) has been quietly making overtures to South America as Russia seeks to limit exposure to Western sanctions
China’s strategic interest in the Caucasus is focusing on Baku, Azerbaijan as it seeks to develop a southern rail route from China through to Europe.
The year 2018 marks the 45th anniversary of the establishment of diplomatic relations between Vietnam and Australia. In the last four decades, the relationship has grown from defense cooperation to a comprehensive partnership to a strategic one.