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
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?
All roads lead to Beijing as we look at China’s generation defining “One Belt, One Road” policy, an endeavour that, if successful, will interweave the economic destinies of 3.8 billion people (over half of the global population), across 65 countries. The cost is projected at a mindboggling USD 4 trillion – equivalent to launching 27 International Space Stations, building 10 complete US interstate systems, or digging 180 Chunnels (the Channel Tunnel between the U.K. and continental Europe). No matter how you slice it, China is primed to head-up the largest infrastructure investment project the world has ever seen. Continue reading One Belt, One Road – The giant in the East needs a better PR-firm on the case.
A survey conducted by the European Commission revealed that 80% of the respondents answered with “no”, when they were asked if they were considering buying a financial product outside their own EU-county. This seems to be, the survey continues, because in the near future “they can purchase all financial products in their own country”. Could it be that PDS2 influences their decision? How does this then supposedly work? Last but not least, is this a threat to banks in general? Continue reading How can technology influence the changing relationship between Bank and Treasury – PSD2 explained.