Must read for those involved in Client Tax Integrity. Paradise Papers in relation to China. All-inclusive research into why Chinese multinational companies are registered in tax havens. A closer look at the Chinese expansion strategy, and why offshore entities in tax havens fit that strategy. A detailed examination of the advantages of tax havens and the resulting Chinese selection criteria applied to territories for overseas entities. This against the backdrop of tax evasion and aggressive tax avoidance. Continue reading Comprehensive Probe Into How And Why Chinese Companies Use Tax Havens And Offshore Financial Centres – A Tax Integrity Reference Work.
Whilst the treasury profession remains largely male-dominated, I recently had the pleasure to welcome an engaging young lady for a (very) short internship. Eva. And as she enquired about Treasury as we went along, I realized how difficult it is, for those making career choices at school, or those just starting out in the professional world, to comprehend what Treasury actually encompasses. How it evolves and what the prospects are for the future. Hence a simplified perspective for those not too familiar with Treasury. Continue reading Introducing Treasury to Millennials – Role & Evolution
China has imposed new tariffs on products imported from the US. It is a direct response to President Trump’s announcement of charges on steel and aluminium imported in to America. Beijing says the move is to safeguard the country’s interests. The main concern is that the situation could escalate further, if the U.S. goes ahead with its plan of tariffs on Chinese imports. According to Washington this is a retaliation for years of alleged intellectual property theft. Continue reading Markets fall as US-China trade-war-fears grow.
With roughly 500 pages, the Tax Cuts and Jobs Act introduces hundreds of changes to the US tax code. It will affect every business and every individual in the US, foreign companies investing in the US as well. It reconfigures everything. Corporate tax plays a very prominent role. Continue reading Tax Cuts and Jobs Act “a tax-reform-law that promises to redefine the tax landscape in the US”.
The war of words between Donald Trump and North Korea has brought volatility back into markets. The geopolitical uncertainty affects global markets across the board, including equities, bonds and gold. How we feel about the market risk? How close are we to war? What is the significance of the military preparations and deterrents? These and similar questions have become more common than at any time since the financial crisis. Continue reading How close is the world to war? The alarming reality.
A closer look at why the Japanese economic landscape (aging and shrinking population, near flat GDP and retained earnings leads to an increased focus on global cash management. But also a look at if Japanese banks can still catch-up in order to meet demand? What serious challenges do newcomers to this area face. Especially a diversified client-base may prove to be an “Achilles’ heel”. Continue reading Japanese Economy Sets Stage For Global Cash Management. Who can service?
Asia. One of the world’s fastest growing regions today. But it’s taking a long and hard road to get here. 20 years ago much of Asia went through a devastating financial tsunami that has shaped much of how the region operates, even today. In part 3, we look back and forward. Continue reading Asia’s Financial Crisis, The 20th Anniversary (3/3) – Retrospective and Forward Looking.