Important issues for HNWIs in a dynamic global environment
The flow of private capital across borders, together with the ease of living and working in different countries, creates opportunities for High Net Worth Individuals (HNWIs)20/08/2019
Tracy had been the tax Managing Partner of EY Hong Kong and Macau before her current role. She has been the Asia Pacific Area BTS Leader for 2 years. She has over 25 years of experience in providing tax consulting advice for multinational corporations with pan-Asian operations and Hong Kong listed companies which are active in inbound and outbound investments activities and her latest focus is on the domestic private market including listed companies. She 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 latest tax development and changes.
Tracy works closely with her fellow partners of various EY offices outside Hong Kong in advising client's cross border supply chain and distribution models of her clients. Her roles on these significant engagements included direct tax planning, due diligence on the acquisition of entities, advising on the documentation required and assistance in explaining the new business models to the Hong Kong tax authorities ("IRD").
Tracy is often approached for advice on seeking agreement with the IRD on suggested Hong Kong tax treatments of transactions which potentially involve significant amounts of tax. Examples have included – 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, and a non-taxable claim on annual financing income of US$500M.
Since Tracy has taken over the role of Asia Pacific Area BTS Leader, she drives the relevant tax services growth across 5 Regions – ASEAN, Korea, APAC FSO, Greater China and Oceania which covers more than 15 countries. EY is a globally connected tax planning and advisory practice. BTS combines Tax Policy and Controversy, Quantitative Services, Private Client Services, Business Tax Advisory (BTA) services enabling to provide insightful, multi-country tax advisory services in a connected and consistent manner throughout every stage of the tax life cycle; planning, accounting, compliance and controversy.
Tax controversy in a connected world
Organizations need a global perspective and policies that cover all jurisdictions in which they do business31/07/2018
Hong Kong enacted new law to attract corporate treasury operations
On 3 June 2016, the HKSAR Government gazetted the Inland Revenue (Amendment) (No. 2) Ordinance 2016 (the new law) that sought to attract multinational and mainland China enterprises to establish corporate treasury centres (CTCs) in Hong Kong by amending the Hong Kong Inland Revenue Ordinance (IRO)03/08/2016
Hong Kong braces itself for a heightened level of transparency
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.
The...
01/09/2014
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