Since the global financial crisis, tax authorities globally have been carefully monitoring compliance risks from planning activities associated with the use of tax losses by banks.
Since the global financial crisis, tax authorities globally have been carefully monitoring compliance risks from planning activities associated with the use of tax losses by banks.
The current interest rate environment in many parts of Asia has been forcing the transaction banks to explore way to accelerate growth of their fee based income.
On August 5, 2010, the Supreme People’s Court of the People’s Republic of China issued the Provision on Several Issues on the Trial of Disputes Involving Foreign Invested Enterprises.
The South East Asian countries are on a journey from agriculture and industry to value-added services. To reach their destination, they are looking to increase both inward and outward investment. That, in turn, requires a significant increase in finance professionals.
Although Australia has specifically rejected the idea of a global bank levy to help defray the costs of past and future financial sector bailouts, local institutions could still be caught by bank levies imposed elsewhere.
According to recruiting experts Hays, a career in life insurance sales is now considered more attractive to job seekers, but employer inflexibility is holding businesses back from securing talented and eager candidates. Chris Mead, General Manager of Hays in Singapore, has this update.
The October-December Hays Quarterly Report confirms that our jobs market is very healthy, but very tight, with a growing list of skills now in short supply in the banking and finance sectors.
Banking observers had previously suggested that the full Basel III package of capital and liquidity reforms proposed could reduce returns on equity in the sector by up to a third.
Right now, enterprise mobility is the new buzzword in business, particularly in consulting and financial services, and organisations are investing heavily in it. In fact, according to a new report by Global Industry Analysts, Inc., the global enterprise mobility market may reach US $168 billion next year.
The OECD’s increasingly influential Forum on Tax Administration recently endorsed a global code of practice on tax for banks (the OECD tax code). The OECD tax code is described as a framework and adoption by OECD member countries is voluntary. However, regardless of the extent to which it is formally adopted by OECD member countries, it is likely to become influential in shaping tax governance standards for banks and relationships between banks and tax authorities globally, including in the Asia Pacific region.
Commentary
Bank losses under scrutiny
Bank losses under scrutiny
Foreign-Invested Partnerships: New vehicles for private equity investments in the PRC
Social media – an opportunity for transaction banks
Indonesia issues a Merger Control Regulation
Issues raised by the SPC’s recent judicial interpretation on FIE Disputes
Businesses in the Asia-Pacific Region are recovering from the shocks to the Global Economy
Moving towards a tax level playing field for Islamic finance
The world after the G20 Summit in Seoul
Basel III and its implications for the world banking system
South East Asian Economies Must Scale Up for Growth
Watch out for Bank Levy
Life insurance sales more attractive to job seekers
Technology offers banks a path towards global competitiveness
A healthy but tight jobs market
Basel Committee announces higher capital ratios
Why Standard Chartered bought 15,000 iPhones for its bankers
Global tax code for banks to shape behaviours