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GILTI High Tax Election in the United States

Net income earned by a Controlled Foreign Corporation (?CFC?) may be subject to immediate US taxation to US shareholders, whether or not distributed. This results from the Global International Low Tax Income (GILTI) provisions of the US Tax Cuts & Jobs Act of 2017. The effective tax rate on this income, governed by GILTI, is 10.5% for C corporations and as high as 37% for individuals. After 2025, the rate for C corporations increases to 13.125%. There are two significant factors in determining whether US shareholders will be subject to tax on a CFC?s net income, explain the experts from Ma ...


HKTDC Lifestyle ShoppingFest draws to successful close

HONG KONG, May 3, 2021 - (ACN Newswire) - The HKTDC Lifestyle ShoppingFest, a brand-new public fair organised by the Hong Kong Trade Development Council (HKTDC), came to a successful close yesterday (2 May). The fair kicked off on 28 April (Wednesday) and ran over five days at the Hong Kong Convention and Exhibition Centre (HKCEC), featuring 430 exhibitors and attracting more than 55,000 public visitors. HKTDC Deputy Executive Director Benjamin Chau said: "The Lifestyle ShoppingFest is the first physical show organised by the HKTDC since the pandemic began early last year. We implement ...


Synopsis 2021: Hot Trends Online Summit Live June 1 to 5

MOSCOW, May 1, 2021 - (ACN Newswire) - This year's summer starts with Synopsis 2021: Hot Trends. This is the second edition of one of the largest online summits featuring top trends in blockchain, cryptocurrency, and DeFi. Synopsis 2021: Hot Trends gathers the brightest industry participants to share their knowledge with 50,000+ viewers around the world. Duration: June 1 to 5, 2021 The summit gathers 60+ speakers who are experts in blockchain, DeFi, and NFT, representatives of exchange platforms and biggest blockchain projects. They will share the current and future trends of the bl ...


Moonstake Hosts Joint Interview with CEO of Trusted Ranking Platform Staking Rewards, Mirkos Schmiedl

SINGAPORE, Apr 23, 2021 - (ACN Newswire) - To celebrate our first anniversary this April, Moonstake held a joint Q&A with Staking Rewards, the first and most trusted resource hub for staking and yield-bearing assets data. This interview provides many valuable insights into the current state as well as the future outlook of the PoS market and information about Moonstake, a top-ranking staking provider on Staking Rewards. Here, the Senior Advisor of Moonstake, Shogo Ishida, serves as the moderator. Answering the questions are Mirko Schmiedl, the CEO and Founder of Staking Rewards, and Law ...


Moonstake Celebrates Our First Anniversary - World's Top 10 Staking Providers in One Year

SINGAPORE, Apr 20, 2021 - (ACN Newswire) - This April, Moonstake celebrates its 1 year anniversary. We've come a long way since our official launch, having established a strong position in the POS market in less than a year. Today, Moonstake total staking assets have reached over $900 Million and are entrusted by core blockchain companies as business partners and crypto users from all over the world. We've grown to become one of the top 10 staking providers in the world. On the celebration of Moonstake's first anniversary, Founder of Moonstake, Mitsuru Tezuka, says: "202 ...


Moonstake Wallet Now Supports Staking of ORBS

SINGAPORE, Apr 20, 2021 - (ACN Newswire) - Today, staking of Orbs's native token, ORBS, is officially available on Moonstake's Web Wallet. ORBS fuel all activities on the Orbs blockchain including smart contracts, transaction fees, and consensus-based storage is currently ranked #5 in the Top 10 trending crypto coins by CryptoCrunchApp. Additionally, Moonstake is now officially a Guardian for Orbs Universe to help facilitate network security. Now Moonstake's wallet users can hold, send, receive, and stake their ORBS to receive rewards with the best user experience through one ...


Driving Monitor release a "Covid Passport" for fleets

Driving Monitor have been busy developing the UK’s first ‘Fleet Covid Passport’ system to aid the return of fleet driver training, giving companies confidence in the safe delivery of these services. This week has seen a huge surge in fleet driver training now that the UK lockdown restrictions have been eased as of 12th April. Director of Driving Monitor Kevin Curtis commented, “This upgrade to the exiting ‘Passport to Drive’ system we’ve been running over the past 10 years now gives fleets the extra protection of a Covid-19 vaccination certification programme. Our network of over 500 advanc ...


Spritzer Malaysia Celebrates World Earth Day with Rainforest-themed Station at Pavilion KL

KUALA LUMPUR, Apr 16, 2021 - (ACN Newswire) - In conjunction with World Earth Day, which falls on 22 April 2021, join Spritzer Malaysia ("Spritzer" or the "Company") at its "The Original Rainforest Water" station in front of Pavilion Kuala Lumpur's Jalan Bukit Bintang entrance to get the refreshing taste of Spritzer Natural Mineral Water and Acilis by Spritzer while experiencing an interactive 3D Elite screen showcasing the source of this natural mineral water. The rainforest-themed station is a collaboration between Spritzer and Pavilion Kuala Lumpur to d ...


cinch partners with Talent Works to expand Manchester tech hub as online car sales accelerate

- The UK’s fastest growing online used car marketplace selects Talent Works as a recruitment partner for over 100 tech roles Manchester, UK; 15th April 2021: cinch, the online car marketplace and one of the UK’s most exciting new tech businesses, has today announced its recruitment partnership with Talent Works, to greatly expand its Manchester-based tech hub and support its continued growth in 2021 and beyond. cinch aims to take the faff out of buying and owning a used car. Operated by the Constellation Automotive Group, cinch has quickly established itself as a leader for online used c ...


The Executive Centre launches the "What Is An Office" campaign

HONG KONG, Apr 8, 2021 - (ACN Newswire) - The pandemic has led to the greatest debate of all time - do people even need an office and if so, what do they want? Today, The Executive Centre (TEC), the leading premium flexible workspace provider across Asia Pacific and the Middle East, launches the "What Is An Office" campaign, which examines the elements that make up a dynamic, productive workspace. The campaign consists of a brand video, plus 4 product videos that examines how the workforce views the role of an office and asks the central question, "What Is An Office?" Th ...


The Great Outdoors RV Announces Partnership with Top Off-grid Manufacturer Taxa Outdoors

Greeley, Colo., Apr 5, 2021 - (ACN Newswire) - The Great Outdoors RV (TGORV), with its stunning displays, rustic charm, and state of the art, fifteen-acre facility since its move in July of 2020, has announced a truly unique experience for the avid outdoor enthusiast. The dealership will feature three new mobile habitats that focus on multi-purpose, high performance, and bringing the outdoors in: Cricket, Mantis, and TigerMoth - designed by award-winning former NASA senior architect, Garrett Finney. "We're proud to partner with TAXA here at The Great Outdoors," says Matt Brow ...


Relaunch of JBL in Malaysia takes Living to the Next Level with Immersive Audio Experience

KUALA LUMPUR, Apr 2, 2021 - (ACN Newswire) - For over 70 years, leading audio brand JBL(R) has consistently contributed to the evolution of audio reproduction in professional, home, automotive, multimedia applications, and connected technologies. On Wednesday (March 31), JBL reintroduced a full range of lifestyle audio products through its first-ever media and partners' virtual event in Malaysia. JBL, a lifestyle audio brand of Harman International (, a wholly-owned subsidiary of Samsung Electronics, is known for producing audio equipment with superior sound and an immersive ...


Digital asset management agency Blofin raises US$10 million in A+ round investment, led by Susquehanna International Group (SIG)

BEIJING, Mar 31, 2021 - (ACN Newswire) - Blofin has raised US$10 million in its series A+ round of financing, led by SIG, followed by Matrix, Lingfeng Capital, Superchain Capital, Jackdaw Capital and others. At present, Blofin's current global assets under management (AUM) has reached US$120 million, and averages an aggregated monthly trading volume throughout all crypto of over US$14 billion. As a Cayman Island registered digital asset management agency, its proprietary quantitative database covers over 40+ exchanges worldwide through real-time data and is connected with over 200 glob ...


New start: Ceresana study on the world market for paints and coatings in the automotive industry

The automotive industry is one of the biggest consumers of coatings. The market research institute Ceresana has examined how the global market for automotive paints and coatings is recovering from the Corona crisis. Despite a massive decline, around 3.4 million tonnes of these high-performance coatings were consumed around the world in 2020. This latest study covers the coating of all components that are manufactured by suppliers or vehicle manufacturers and installed in road vehicles. It examines the use in passenger cars and commercial vehicles (trucks, vans, buses) - both in new constructio ...


Volcano IPO Shares Oversubscribed by 176.6 Times

KUALA LUMPUR, Mar 26, 2021 - The shares of Volcano Berhad (VOLCANO) have been oversubscribed by 176.6 times ahead of the Group's listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Malaysia). "We are extremely grateful for the confidence our investors have in Volcano, our business, prospect and future plans. Our hard work to build a sustainable business for the past 20 years has paid off," said Managing Director of Volcano, Datuk Ch'ng Huat Seng. Volcano is raising RM8.75 million from the IPO exercise. From the proceeds, the Group will use RM5.55 mill ...


The Challenges and Perspectives of Public-Private Partnership in Ukraine

The process of PPP in Ukraine is currently regulated by a number of acts and various bylaws. Nevertheless, there are some difficulties in performing PPP projects related to the budget process in Ukraine. At the moment, the state authorities are unable to take long-term responsibilities for PPP due to restrictions in national budget planning. The new law should make it possible to implement various projects in socially valuable areas such as infrastructure and/or the energy sector. The combination of the state and business resources can be the right solution for the implementation of large-scal ...


TrialWire launches StudyBoost, the Clinical Trial Insurance Plan

SYDNEY & SAN FRANCISCO, Mar 23, 2021 - TrialWire(TM), the most secure digital Patient Recruitment Platform for trial rescue, announces the launch of StudyBoost, the monthly insurance plan that provides an instant patient recruitment boost at any time, across one or all sites depending on recruitment needs. With more than 80% of clinical trials failing to recruit patients on time, 30% of research sites not able to meet enrollment goals, and 10% of sites not able to enroll any patients, StudyBoost offers peace of mind for Clinical Directors and their CROs. StudyBoost was designed so th ...


HKTDC International Sourcing Show: O2O strategies vital for businesses during pandemic

HONG KONG, Mar 23, 2021 - The ability to harness big data and leverage e-commerce opportunities has become key to small and medium-sized enterprises (SMEs) looking to make breakthroughs under the new normal. To help SMEs adapt to the changing landscape and adopt online-to-offline/offline-to-online (O2O) strategies, the Hong Kong Trade Development Council (HKTDC) has launched the "Let's Go Phygital: Power Up for the New Normal" seminar series with the support of AsiaWorld-Expo and the Hong Kong Convention and Exhibition Centre. The first round of webinars was held as part of the ...


The UK?s New Merger Controls: Protecting National Security or Adding Uncertainty for Investors-

A new National Security and Investment law is about to become law in the UK. It will have a significant impact on any acquisition of a business which is active in, or supplies goods or services into, the UK. It will apply wherever the buyer or the target is located. The new law will give the UK government the power to: Stop, regulate and even undo any acquisition of any UK-based businesses or assets Require advanced notice and approval of all deals in 17 ?sensitive? sectors The law will: Allow the Secretary of State (SoS) to assess whether, and act if, a deal is a national security risk Requir ...


After Clubhouse, Roblox and Tiya, will audio platforms usher an iterative movement in China?

SHENZHEN, CHINA, Mar 22, 2021 - Following Elon Musk's personal "endorsement" of Clubhouse, use of the international audio social apps exploded in China in February. During that time, a Clubhouse "invitation" code sold for nearly RMB1000 on a Chinese second-hand market platform. At the same time, Roblox, a social gaming platform, and Tiya, an audio-based social networking product, are becoming popular in overseas markets, along with Clubhouse. When Roblox listed on the New York Stock Exchange (NYSE: RBLX) on March 10, its closing price on the first day ended up by 54 ...


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