As China signs onto an intergovernmental agreement to comply with US FATCA regulations, questions remain about formats and deadlines, but its reach is inescapable.
Nobuo Mori, managing director of AlixPartners’ financial advisory services group, gives his input on common transfer pricing issues in Asia-Pacific and how to avoid being entangled with the tax bureau.
KPMG partner Egidio Zarrella and JP Morgan’s Asia-Pacific head of sales for treasury services Margaret Yao give their tips on transfer pricing through centralised trading centres.
While currently no Asian-headquartered bank offers bank service billing in standard TWIST file formats, Asian banks are being led by regional reform efforts, observers believe.
Knorr-Bremse treasurer Ernest Mui has called for China to establish more Shanghai-style free trade zones in order to balance China’s corporate treasury needs.
In a record year for anti-money laundering penalties, US regulators slapped multinational banks with more than $1.1 billion in fines in 2012, specifically for ‘payment stripping’ and knowingly making payments to ...