It’s annual report time and companies like the British pharma giant are setting out the multimillion-dollar impact business events such as Brexit could have.
Cash pooling, FX and interest rate hedging are to be spared the tax rod after the US Treasury reportedly agreed to create a safe harbour for these activities.
At CT’s Shenzhen-based treasury conference, the central banks of Hong Kong and Singapore outline their treasury centre strategies for China’s aspirational corporates.
For use in Islamic hedging transactions, new FX forwards standards have been created that prevent the need for financial institutions to use up their balance sheet.
In what could be seen as a move against Hong Kong’s recent push to attract Chinese and MNCs to its shore, Singapore delivered a surprise cut to its concessionary tax rate for treasury centres located in the Lion City.