Japanese Economy Sets Stage For Global Cash Management. Who can service?

Japanese Economy Sets Stage For Global Cash Management. Who can service?

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?

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How can technology influence the changing relationship between Bank and Treasury – PSD2 explained.

How can technology influence the changing relationship between Bank and Treasury – PSD2 explained.

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.

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

Transfer Pricing? Keep it at arm’s length! (BEPS Action #13)

Transfer Pricing? Keep it at arm’s length! (BEPS Action #13)

If the price isn’t right, suspicion of Corporate Tax Avoidance could rise.

A discussion paper against the backdrop of OECD’s “Transfer Pricing Reporting”. The recent crises and some scandals shed light on the risk that a certain way of applying transfer pricing was jeopardizing the arm’s length principle itself. That’s why the OECD aims at redrafting the guidelines. Transfer pricing has become one of the main risks to be addressed and managed by MNCs. How does this potentially affect Treasury? What are best practices? Continue reading Transfer Pricing? Keep it at arm’s length! (BEPS Action #13)

Dealing with OECD’s “Neutralizing the effects of hybrid mismatch arrangements” (BEPS Action #2).

Dealing with OECD’s “Neutralizing the effects of hybrid mismatch arrangements” (BEPS Action #2).

Qualification mismatches can be powerful tools to reduce tax costs in a tax planning structure. How the OECD proposes to neutralize the effects of hybrid mismatch arrangements may/will impact MNC’s. This article provides a technical analysis. Continue reading Dealing with OECD’s “Neutralizing the effects of hybrid mismatch arrangements” (BEPS Action #2).

A Holistic view on Transfer Pricing – IRAS follows the Global Trend.

A Holistic view on Transfer Pricing – IRAS follows the Global Trend.

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 new rule on MNC transfer pricing ups reporting burden – In interview with The Corporate Treasurer – by Ann Shi.

Singapore’s new rule on MNC transfer pricing ups reporting burden – In interview with The Corporate Treasurer – by Ann Shi.

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.