Tracy has been a tax partner for over 15 years and is responsible for the tax advisory services to several high-profile accounts and clients in the Greater China Tax practice. Tracy has also recently taken on responsibility for Learning and Development across the Business Tax Services (“BTS”) practice globally, alongside her client serving responsibilities. Prior to 2021, Tracy’s senior leadership roles have included the Asia Pacific BTS Leader position for 3 years, and before that, the Tax Managing Partner of EY in Hong Kong and Macau for over 6 years.
Tracy has been voted as one of the “leading tax advisers” in Hong Kong by the Legal Media Group Guide to the World’s Leading Tax Advisers in each edition since 2007. She regularly contributes articles and presents tax seminars on the latest tax development and changes.
Tracy is a senior partner experienced in providing tax consulting advice for conglomerates which are active in inbound and outbound investment activities. During the past 2 years, she has led EY Tax team members in several transactions ranging into the tens of billion US$ in transaction value.
Tracy is based in Hong Kong and works closely with partners of EY member firms around the globe in advising on clients’ merger and acquisition activities, cross border supply chains and distribution models. Her roles on these significant engagements include direct tax planning, identifying tax exposure and in particular, advising on and anticipating the information possibly requested by the Hong Kong tax authorities (“IRD”) and assistance in explaining to them the business models and transactions in question.
Tracy is often approached for advice on seeking agreement with the IRD on transactions with significant tax implications. Examples include – a refund claim on past withholding tax paid of over US$60M, a deduction claim on approximately US$200M of payments to group companies operating outside Hong Kong, etc.
On 25 March 2014, Hong Kong signed a standalone tax information exchange agreement (TIEA) with the US for the enforcement and assessment of taxes. This is the first TIEA signed by Hong Kong after the legal framework for entering into TIEAs with other jurisdictions was put in place last July.