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| Subject: Re: Triumphant Launch SDN BHD Proton America's PWI controlled entities from the 15/3/2002. | |
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Author: anonymous |
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Date Posted: 04:22:34 11/05/02 Tue In reply to: anonymous 's message, "Triumphant Launch SDN BHD Proton America's PWI controlled entities from the 15/3/2002." on 23:31:38 10/19/02 Sat Following ERG's acquisition of Proton World, Triumphant Launch has now become a fully owned subsidiary of the ERG Group. ----------------------------------------------------------- Triumphant Launch is assiting the Proton licensee in Malaysia, Malaysian Electronic Payment System SDN BHD (MEPS), to further develop and implement smart card applications in the banking and government sectors. During the past two years, considerable effort has gone into the certification of the Malaysian Government Multipurpose Card (including the Proton e-purse) of which several million are in circulation. ----------------------------------------------------------- In addition, extensive work has been undertaken with MEPS to extend the functionality of the exisiting Proton epurse host. Some of these functionalities include internet load and payment. ------------------------------------------------------------ Currently Triumph Launch is involved in a feasibility study of introducing the in vehicle parking meter in Malaysia. Triumphant Launch is also actively participating in the migration to chip based EMV cards in Malaysia, with the first step being the upgrade of the country's ATMs. ------------------------------------------------------------ http://www.stockhouse.com.au/bullboards/viewmessage.asp?no=5300111%20&tableid=1 ------------------------------------------------------------ http://www.deloitte.com.au/home.aspPage=/internet/items/item.asp&id=5667 ------------------------------------------------------------ Consolidation: Planners can be Winners ------------------------------------------------------------ Australia's new consolidation regime offers potential rewards for businesses that plan carefully. ------------------------------------------------------------ Consolidated groups can look forward to an overall reduction in tax expense once the regime comes into force on 1 July 2002. The regime will enhance the commercial flexibility of all groups by removing the potential for the duplication of gains on intra group transactions. Consolidation will also result in the removal of dividend traps that can arise under the present corporate tax rules. The new regime should lead to a long term reduction in compliance costs. ------------------------------------------------------------ We do have some reservations. In December 2000, Deloitte identified a number of complexities and arbitrary measures in an earlier draft of the regime. Many of these survive in the new draft, despite extensive consultation and a 12 month delay in the date the regime comes into force. There are still significant gaps in the proposed legislation and a new concept called the "Clean Slate" rules is somewhat unclear. ------------------------------------------------------------ The anticipated benefits of the regime are not uniform. Some taxpayers will find that consolidation will not work for them. For example, some groups would take longer to recoup their losses under the new rules. ------------------------------------------------------------ Each business will have to consider a number of factors before deciding whether to consolidate. These include individual circumstances and how much effort taxpayers are willing to put into planning, implementation and management of entry to the new regime. ------------------------------------------------------------ Once the new rules are bedded down, we hope the GST grouping arrangements will be brought into alignment and a consistent regime is introduced for FBT and PAYG withholding. ------------------------------------------------------------ For further information, please contact: ------------------------------------------------------------ Garry Bourke Partner, Deloitte Tax Services, Melbourne Tel:+61 3 9208 7143 gbourke@deloitte.com.au ------------------------------------------------------------ Jane Coomer Partner, Deloitte Tax Services, Sydney Tel: +61 2 9322 7367 jcoomer@deloitte.com.au ------------------------------------------------------------ [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Triumphant Launch contriolled Ecard/(Quicklink privately owned).Singapore ERG Motorola alliance | anonymous | 19:02:16 11/08/02 Fri |
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