Must-know about Basel-3: Leverage Ratio (LR) and Notional Cash Pools.

Must-know about Basel-3: Leverage Ratio (LR) and Notional Cash Pools.

What Treasury Professionals should know about Basel-3. In this article “Leverage Ratio (LR) and Notional Cash Pools”. Many have overheard that also the LR seems at odds with Notional Cash Pools. What does it mean? Why and how does it hurt banks? Many have an opinion, but only few know the facts. This article explains. Continue reading Must-know about Basel-3: Leverage Ratio (LR) and Notional Cash Pools.

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Must-know about Basel-3: Liquidity Coverage Ratio (LCR) and Notional Cash Pools.

Must-know about Basel-3: Liquidity Coverage Ratio (LCR) and Notional Cash Pools.

What Treasury Professionals should know about Basel-3. Many have overheard that the LCR seems at odds with Notional Cash Pools. What does it mean? How is it calculated? Why and how does it hurt banks? Many have an opinion, but only few know the facts. This article explains. Continue reading Must-know about Basel-3: Liquidity Coverage Ratio (LCR) and Notional Cash Pools.

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

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.

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.

Money laundering as an adventure!

Money laundering as an adventure!

Being rewarded makes us feel good. When exposed to a rewarding stimulus, the brain responds by increasing release of the neurotransmitter dopamine. Deep within we all hope to receive some sort of payoff for the good that we do. Truth be told, in our working life, there is usually no satisfying payoff. However, there seems to be an exemption. According to the US Department of Justice there is one industry that rewards its employees for their hard work, the money laundering industry. It accumulates more money than the electronics industry, the entertainment industry and the pharmaceutical industry combined.

Now you may be thinking, ….. wait! …… money laundering, ….. isn’t that illegal? Minor technicality. However, it is exactly this technicality that leads governments globally to try to suffocate this flourishing industry, whilst others’ strategy is to bypass the defences and become the most successful human beings on earth. Continue reading Money laundering as an adventure!

Brexit? Yes! But keep in mind, until you’re out, you’re in!

Brexit? Yes! But keep in mind, until you’re out, you’re in!

The outcome of the referendum is clear, the U.K. wants out. Fast. However, the whole process of the Brexit has not even started yet. Hard statements during public appearances set the scene. Is this negotiation rhetoric or something else? What are the consequences we could anticipate? What exit scenarios are available? How does the legal framework interfere? Continue reading Brexit? Yes! But keep in mind, until you’re out, you’re in!

Who and What Determines Offshore Ethics? – A perspective on tax avoidance, KYC v2.0

Who and What Determines Offshore Ethics? – A perspective on tax avoidance, KYC v2.0

The Cayman Islands may be beautiful, but the world’s wealthy, and some of the world’s biggest businesses are there for another reason, its financial system. This article sheds light on how this works, against the backdrop of tax avoidance, the moral aspects, and financial institutions’ Customer Due Diligence / Know Your Customer. Continue reading Who and What Determines Offshore Ethics? – A perspective on tax avoidance, KYC v2.0