Transfer Pricing re-calibrated: “Value creation”. The new Dutch TP Decree.

On May 11, the Dutch Ministry of Finance published a new Transfer Pricing Decree. But don’t think this is an isolated case, applicable only to Dutch MNCs (Multinational Companies). This is a coordinated approach by Tax Authorities globally. Hence relevant for MNC’s worldwide. This article takes a closer look. Continue reading Transfer Pricing re-calibrated: “Value creation”. The new Dutch TP Decree.

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Britain scraps world’s #1 benchmark LIBOR (from end of 2021) – but it is not solely a London problem!

Britain scraps world’s #1 benchmark LIBOR (from end of 2021) – but it is not solely a London problem!

Many have called it the most important number in the world, but soon it will disappear, the Intercontinental Exchange London Interbank Bank Offered Rate, otherwise known as LIBOR or ICE LIBOR (previously BBA LIBOR). LIBOR is the most widely used benchmark for short-term interest rates in the world. Banks and corporates rely on it extensively. So if LIBOR is so popular, why will it disappear and what is replacing it? What happens to LIBOR based products if LIBOR is no longer available? Continue reading Britain scraps world’s #1 benchmark LIBOR (from end of 2021) – but it is not solely a London problem!

Comprehensive Probe Into How And Why Chinese Companies Use Tax Havens And Offshore Financial Centres – A Tax Integrity Reference Work.

Comprehensive Probe Into How And Why Chinese Companies Use Tax Havens And Offshore Financial Centres – A Tax Integrity Reference Work.

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.

Introducing Treasury to Millennials – Role & Evolution.

Introducing Treasury to Millennials – Role & Evolution.

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.

Markets fall as US-China trade-war-fears grow.

Markets fall as US-China trade-war-fears grow.

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.

Tax Cuts and Jobs Act “a tax-reform-law that promises to redefine the tax landscape in the US”.

Tax Cuts and Jobs Act “a tax-reform-law that promises to redefine the tax landscape in the US”.

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”.

How close is the world to war? The alarming reality.

How close is the world to war? The alarming reality.

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.