Tracy has been the Asia Pacific Business Tax Services ("BTS") Leader over 3 years. Before this role, she had been the Tax Managing Partner of EY Hong Kong and Macau for more than 6 years.
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 has been a partner of 16 years and is experienced in providing tax consulting advice for conglomerates which are active in inbound and outbound investments activities. Tracy is based in Hong Kong and works closely with her fellow partners of various EY offices outside Hong Kong in advising client's cross border supply chain and distribution models. Her roles on these significant engagements included direct tax planning, advising on the information possibly requested by and assistance in explaining the business models and transactions in question to the Hong Kong tax authorities ("IRD").
Tracy is often approached for advice on seeking agreement with the IRD on transactions with significant tax implications. Examples 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, etc.
In her role of Asia Pacific Area BTS Leader, Tracy drives the relevant tax services growth across 6 Regions – APAC FSO, ASEAN, Greater China, Japan, Korea and Oceania which covers more than 20 countries. EY is a globally connected tax planning and advisory practice. BTS combines Private Client Services, Tax Policy and Controversy, Quantitative Services, Customer Tax Operations Reporting Services, Business Tax Advisory 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.
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.