2. Int'l Tax Update Significant Developments in the Global Tax System - Andrew Seidler
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Digital Economy Interim Measure<br />
Effect of <strong>in</strong>terim measure:<br />
• Some sectors <strong>the</strong> 3% revenues based tax would <strong>in</strong>crease <strong>the</strong> tax take<br />
• Tak<strong>in</strong>g out centralised costs, most tech sectors would experience and effective tax rise<br />
Sector<br />
NP%<br />
2012<br />
NP%<br />
2018<br />
Information Technology 16.7 17.5<br />
Communications/Telecom 6.2 11.5<br />
Pharma, Life Sciences,<br />
Biotech<br />
19.5 26.9<br />
Media, Broadcast 10.1 1<strong>2.</strong>2<br />
<strong>Tax</strong> at<br />
20%<br />
3.5<br />
<strong>2.</strong>3<br />
5.4<br />
<strong>2.</strong>5<br />
Data from S&P 2012 and CSI Market.com 2018
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