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This profile was last updated on 2/4/12  and contains information from public web pages and contributions from the ZoomInfo community.

Director

Phone: +62 *********
Local Address: Indonesia
PricewaterhouseCoopers LLP
300 Madison Avenue, 24th Floor
New York , New York 10017
United States

Company Description: PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and...   more
Background

Employment History

7 Total References
Web References
Ace Payroll: What's New Archive 2000
www.acepay.com, 4 Feb 2012 [cached]
Monday 18th December - Employers putting on an end-of-year party or providing non-cash benefits to staff will be caught by a myriad of different rules incorporating entertainment tax, fringe benefit tax and income tax on individual employees, according to PricewaterhouseCoopers director Ray Headifen.
The Jakarta Post - The Journal of Indonesia Today
www.thejakartapost.com, 23 Jan 2006 [cached]
Spending on greenfield exploration in the country stood at US$7 million in 2004, which represented less than 0.44 percent of spending worldwide, down from 0.67 percent a year earlier, PricewaterhouseCoopers (PwC) mining partner Ray Headifen said recently.
Global exploration investment rose by 50 percent to $1.59 billion in 2004 from 1.05 billion the previous year, PwC said in a report on the state of the country's mining industry in 2005.
"There is no doubt that Indonesia is a mineral prospective country," said Headifen."The concern here is whether Indonesia is acting quickly enough to capture global exploration spending."
Quoting a recent study by the Fraser Institute, the PwC report said that Indonesia ranks sixth worldwide in terms of mineral prospectivity but third last on investment conditions with a score of 12 out of 100.
The new mining bill, which is aimed at replacing the contract of work system with licenses issued by local administrations, would further deter investors, said Headifen.
A contract of work sets out the terms, as well as the tax and royalty rates, upfront, while a license would be at the mercy of changing rules, rendering it difficult to make financial and profitability predictions.
"(The proposed change) hasn't been well received by foreign investors," said Headifen.
Ace Payroll: Largesse liable to tax
www.acepay.com, 21 April 2008 [cached]
Employers putting on an end-of-year party or providing non-cash benefits to staff will be caught by a myriad of different rules incorporating entertainment tax, fringe benefit tax and income tax on individual employees, according to PricewaterhouseCoopers director Ray Headifen.
Small employers, in particular, were often unaware of the tax obligations they triggered by showing end-of-year appreciation to staff, he said.
"I'm sure a lot ef employers give away a few bottles of booze or whatever to their staff and don't know they have to pay fringe benefit tax on it."
Christmas gifts and vouchers were normally subject to fringe benefit tax at the sliding rates introduced this year, and 50 per cent of the cost of staff Christmas parties was not deductible under entertainment tax rules - and therefore taxable at the 33 per cent company rate.
"As we enter the Christmas festive season, remember that the benevolence of employers is not matched by our income tax rules," Mr Headifen said.
...
Mr Headifen said.
NEWS : Tuesday, January/24/2006 14:53:14 GMT+7. : Indonesian Mining Industry Edges Closer to Bankruptcy
www.indoexchange.com, 24 Jan 2006 [cached]
PWC technical advisor Ray Headifen said success in attracting investors to the mining sector in the country depends much on how far the government is able to cope with legal uncertainty.
Long term certainty on working contract system is the most important of all factors if the government wants to see progress in attracting investors, Headifen said.
Miningindo.com - News Section
www.miningindo.com, 6 Feb 2006 [cached]
Spending on greenfield exploration in the country stood at US$7 million in 2004, which represented less than 0.44 percent of spending worldwide, down from 0.67 percent a year earlier, PricewaterhouseCoopers (PwC) mining partner Ray Headifen said recently. - 1/23/2006
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