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?
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!
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!
November 3rd this year, the IRAS (Inland Revenue Authority of Singapore) published an update of its guidelines as it pertains to related party transactions. Starting 2018, if the value of related party transactions in the audited accounts for the financial year exceeds a fairly low threshold of 15 million SGD, certain details of these related party transactions must be reported. Continue reading A Holistic view on Transfer Pricing – IRAS follows the Global Trend.
Singapore’s tax authority roll out new rules on transfer pricing reporting. Multinationals will have to invest in people and resources to ensure they are compliant. An interview with Ann Shi for the Corporate Treasurer Asia. Continue reading Singapore’s new rule on MNC transfer pricing ups reporting burden – In interview with The Corporate Treasurer – by Ann Shi.
A top issue on the minds of treasures today are the proposed Section 385 Regulations – hereafter proposed regulation. Initially proposed last April, the regulation is designed to curb inversions. Continue reading Effects of the proposed Section 385 Regulations.
Blockchain is one of the buzz words of 2016. By the financial industry, blockchain is seen as the future. It’s impact is compared to how internet has revolutionized the computer and global communications, like nothing before. In (originally not planned) part 5, a look at Corporate Treasury. Continue reading Blockchain and Corporate Treasury (5/4).