Accounting, Blogpost, Contribution by Norbert Braspenning, Fraud, OECD/BEPS, Regulatory, Tax

Combatting Illicit Financial Flows and Tax Crimes.

First of a series that looks at the enablers of Illicit Financial Flows and Tax Crimes. As tax fraud is becoming increasingly sophisticated and complex, those involved require the services of professional enablers to help them transfer wealth anonymously or launder the proceeds of crime. Who are those people and what drives them, and should face the consequences as much as those they help to carry out tax fraud? Continue reading Combatting Illicit Financial Flows and Tax Crimes.

Accounting, Arm's length, Blogpost, Cash Pool, Contribution by Shining Lin, Interest rates, Liquidity Management, Tax, Transfer Pricing, Treasury

Everything You Always Wanted to Know About Withholding Tax.

Stating that “Cash Pools result in intercompany loans”, simply because they link deposits with loans, seems improperly assessed or uncarefully judged. It is common banking practice to use deposits to make loans. Deposits create loans. Deposits and Loans are per definition connected. Cash Pool or not. Financial intermediaries play a different role than conduits, agents, custodians or nominees. This should lead to different treatment. Continue reading Everything You Always Wanted to Know About Withholding Tax.

Blogpost, Cash Pool, China, Contribution by Jiaxin Huang, Contribution by Shining Lin, Geopolitics, Liquidity Management, Netting, Regulatory, Singapore, Tax, Tax Havens, Transfer Pricing, Treasury

Unveiling the key elements of setting up a treasury centre, and the outlook of Hong Kong as a treasury centre post pandemic crisis.

Hong Kong’s future as a major international financial centre hub faces a growing array of threats as the city turns into a flashpoint in the increasingly rancorous geopolitical and economic struggle between US and China. In this article, against the backdrop of COVID-19, key elements to be considered when choosing the location treasury centre. Continue reading Unveiling the key elements of setting up a treasury centre, and the outlook of Hong Kong as a treasury centre post pandemic crisis.