Tax Effective Supply Chain Management (TESCM)
|
|
- Ashlee Clarke
- 5 years ago
- Views:
Transcription
1 Tax Effective Supply Chain Management (TESCM)
2 EY s global TESCM network Amsterdam San Jose Los Angeles Mexico City Dallas Houston Detroit Toronto Boston New York Philadelphia Pittsburgh Minneapolis Chicago Charlotte Atlanta Zurich London Geneva Tokyo Shanghai Hong Kong Singapore Sao Paulo We are positioned globally to provide sustainable tax effective options for companies undergoing business change.
3 What is TESCM? TESCM is an approach to aligning an enterprise s tax and treasury profile with its operational footprint to improve the after-tax return of business transformation initiatives and achieve a competitive and sustainable tax rate that is driven by operational strategy and growth. It is applicable to most value chains, including retail and consumer products, life sciences, technology, media and entertainment, aerospace, engineering, automotive, general manufacturing and services businesses. The prevailing business, economic and tax environment is challenging for multinational enterprises striving to achieve profitable growth and maintain their competitive advantage. A variety of cost reduction and business transformation initiatives are commonly undertaken in pursuit of these objectives, including: Low-cost sourcing/shared service centers Customer-driven supply chains Centers of excellence Rationalization of the manufacturing footprint/lean manufacturing/make vs. buy decisions Centralized procurement and sourcing activities Migration or expansion into new or emerging markets New product offerings Network optimization Mergers and acquisitions Research and development centers/centralization of intellectual property (IP) commercialization The execution of these initiatives and their solutions typically involve some shift in an enterprise s geographic footprint, which in turn changes its tax footprint by altering the allocation of taxable profits between relevant taxing jurisdictions. Without any planning, this change in the global tax footprint can have unintended consequences for an enterprise, such as an increased effective tax rate and compliance burden, trapped profits, irrecoverable withholding or other local taxes, increased indirect tax costs and poor cash flow, all contributing to a suboptimal outcome on an after-tax basis. On the other hand, integration of tax and operations planning from the outset enables the alignment of the tax and business strategies in a manner that not only manages tax risk inherent in changing the transactional flows and functional profile, but also unlocks the potential for enhanced after-tax profits from the new operating model by centralizing existing and newly created value in jurisdictions that are both business- and tax-friendly. The value proposition Simply stated, successful business initiatives will yield increased profits profits that are subject to tax wherever earned. Hence, as a general rule, every dollar of increased profit will be eroded by the tax levied thereon. If taxation can be reduced, the after-tax profits are enhanced. Similarly, tax planning on a stand-alone basis will only reduce the rate of tax on existing pre-tax profits. The key to TESCM is integrating the two and reducing the tax burden on a larger profit pool. The example below illustrates this value proposition: Current planning only Tax planning only TESCM planning Revenue 1,000 1,000 1,000 1,000 Expenses Net profit before tax Tax rate 35.0% 35.0% 30.0% 20.0% Tax After-tax income Base case More income More tax Same income Less tax More income Less tax Scalability in TESCM planning TESCM concepts and designs are scalable and can be applied on a product line, geography and/or value chain functional basis in a timely manner and on a timeframe that is compatible with a s current and future business strategy and vision. The chart to the right illustrates this transformation along a continuum of change. All companies are different in terms of where they start and where they pause, or stop, along the continuum. The key to success is in finding the right balance between operational change and the associated benefits that work for the.
4 High Brand and IP management Value Demand aggregation Negotiation Contracting/ framework agreements Supplier management/ development planning Inventory ownership and management Manufacturing strategy Research and development strategy management Sales and marketing principal Full principal (central operating model) Sales and marketing strategy Pricing policies Import/export Low Service Sourcing Logistics management Import/export processing Freight forwarding Low Potential business impact High EY s multidisciplinary approach and methodology At EY, we have built a unique approach to TESCM planning that is premised on the fact that integration of all interested parties and key stakeholders throughout the planning process is critical to success. Our program is built around well-defined phases that provide methodical development and validation of strategies, as well as effective implementation, governance and controversy-readiness. Our starting point is to obtain a clear understanding of a s operational and financial goals and its business transformation initiatives to accomplish those goals. From there, our objective is to integrate tax into the overall planning process so that the planning outcomes accomplish the organization s business, treasury and tax objectives. Through the breadth and depth of our Tax, Advisory, Transaction Advisory Services (TAS) and Assurance practices, we are strategically positioned to assist you in selecting integrated services tailored to your organization s facts and circumstances. Valuation People and organizational Accounting and reporting Corporate tax Compensation Financial Accounting Advisory Services Integrated EY TESCM teams Risk Tax and legal restructuring Customer Key to capabilities Advisory Tax TAS, Assurance Treasury Customs/ international trade Indirect tax/vat Global mobility Location advice Program management Finance transformation
5 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com EYGM Limited. All Rights Reserved. EYG No. YY3034 CSG No West ED 1/6/14
The new global tax environment. What the global focus on Base Erosion and Profit Shifting (BEPS) means for your business
The new global tax environment What the global focus on Base Erosion and Profit Shifting (BEPS) means for your business Changing business environment Macroeconomic megatrends, mobility of capital and growth
More informationEY Han Young. Building a better working world
EY Han Young Building a better working world EY Han Young is the Korean member firm of EY, a global leader in assurance, tax, transactions and advisory services with 175,000 experts across 148 countries.
More informationAutomotive transactions and trends
Automotive transactions and trends Global automotive mergers and acquisitions review CY2014 Enter Executive summary Automotive sector witnessed record deal activity in 2014, with continued growth in the
More informationCanada amends taxation of investment income earned through a private corporation
14 December 2015 Global Tax Alert News from Americas Tax Center Canada amends taxation of investment income earned through a private corporation EY Global Tax Alert Library The EY Americas Tax Center brings
More informationMay Global Growth Strategy
May 2012 Global Growth Strategy Jones Lang LaSalle Global Growth Strategy G1 G3 Build our local and regional leasing and capital markets businesses G5 Connections Capture the leading share of global capital
More informationInvestor Presentation
Investor Presentation May 2013 48,000 employees 200 offices 70 countries 1 global platform Table of Contents I. Company Description II. Global Growth Strategy III. Financial Overview IV. Appendix 2 Company
More informationSetting up a Corporate Treasury Center in Hong Kong
Setting up a Corporate Treasury Center in Why a Corporate Treasury Center? A growing number of multinational corporations (MNCs) are setting up Corporate Treasury Centers (CTCs) in Asia The size and scale
More informationAll tied up MENA. Working capital management report 2018
All tied up MENA Working capital management report 2018 Contents 2 All tied up MENA 2018 Foreword All tied up MENA 2018 is part of a series of WC management reports based on EY research, reviewing the
More informationEYGS UK tax strategy. Financial year ending 30 June 2017
EYGS UK tax strategy Financial year ending 30 June 2017 EY s values and our commitment to building a better working world drive our tax strategy Scope This tax strategy applies to EYGS LLP and all its
More informationAutomotive transactions and trends 1H16
Automotive transactions and trends 1H16 Global automotive mergers and acquisitions review Produced by Global Markets EY Knowledge Contents Executive summary 01 Analysis by deal sizes Cross-border deals
More informationManaging indirect taxes in the digital age. Digital: disruptive business or business disruption?
Managing indirect taxes in the digital age Digital: disruptive business or business disruption? The sharing economy: disruptive business or business disruption? Digital is transforming business models.
More informationGlobal Tax Alert. Puerto Rico s legislature proposes numerous tax changes for individuals, conduit entities and corporations.
3 March 2015 Global Tax Alert News from Americas Tax Center EY Americas Tax Center The EY Americas Tax Center brings together the experience and perspectives of over 10,000 tax professionals across the
More informationGlobal. Real Estate Outlook. Jeremy Kelly Global Research. David Green-Morgan Global Capital Markets Research
Global Real Estate Outlook Jeremy Kelly Global Research David Green-Morgan Global Capital Markets Research Ben Breslau Director of Research, Americas 7 th February 2013 Global Real Estate Outlook Road
More informationUS regulations forthcoming on partnership nonrecognition of property contributions
19 August 2015 International Tax Alert EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International-
More informationHong Kong and India sign income tax treaty
28 March 2018 Global Tax Alert Hong Kong and India sign income tax treaty EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: www.ey.com/taxalerts
More informationHospitality & Leisure Corporate Governance Snapshot
2017 Hospitality & Leisure Corporate Governance Snapshot 2017 Hospitality and leisure corporate governance snapshot 1 header (section title) (remove when section header present) About Spencer Stuart board
More informationDutch Government launches internet consultation to amend the Dividend Withholding Tax Act
17 May 2017 Global Tax Alert Dutch Government launches internet consultation to amend the Dividend Withholding Tax Act EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax
More informationGlobal Tax Alert. Mexico s President issues Decree granting tax incentives to maquiladoras. Executive summary. News from Americas Tax Center
30 December 2013 News from Americas Tax Center EY Americas Tax Center The EY Americas Tax Center brings together the experience and perspectives of over 10,000 tax professionals across the region to help
More informationUK launches review of corporate intangible fixed assets regime
20 February 2018 Global Tax Alert UK launches review of corporate intangible fixed assets regime EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your
More informationThe State of the CIO in 2018
Chief Information Officer The State of the CIO in 2018 A Three-Year Study of a Rapidly Changing Role The onset of digital disruption and the ensuing shorter business cycles has dramatically changed the
More informationThe UK as a favoured location for Indian investments
The UK as a favoured location for Indian investments Over the course of multiple parliaments under different political leadership, UK Government policy has consistently aimed at creating the most competitive
More informationImplementation of VAT across the GCC
Implementation of VAT across the GCC 13 July 2017 EY commercial-in-confidence All Rights Reserved GCC Value-Added Tax (VAT) I 1 Agenda Outline of the proposed VAT regime for the GCC Implications of VAT
More informationUS IRS concludes gain recognition agreements and related filings not affected by short tax years
30 November 2017 Global Tax Alert US IRS concludes gain recognition agreements and related filings not affected by short tax years EY Global Tax Alert Library Access both online and pdf versions of all
More informationSwiss Parliament approves Corporate Tax Reform III
17 June 2016 Global Tax Alert Swiss Parliament approves Corporate Tax Reform III EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationDutch Government publishes 2017 Budget Proposal
20 September 2016 Global Tax Alert Dutch Government publishes 2017 Budget Proposal EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationDutch Government releases proposed amendments to interest limitation provisions for consultation
23 June 2016 Global Tax Alert Dutch Government releases proposed amendments to interest limitation provisions for consultation EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationValue chain perspectives and their increased importance under BEPS, tax policy and technological change
Value chain perspectives and their increased importance under BEPS, tax policy and technological change February 22, 2017 FOR DISCUSSION PURPOSES ONLY Disclaimer This material has been prepared for general
More informationUS Treasury grants yet another extension of time for reporting signature authority (FBAR, Form 114) over certain foreign financial accounts
11 January 2018 Global Tax Alert US Treasury grants yet another extension of time for reporting signature authority (FBAR, Form 114) over certain foreign financial accounts EY Global Tax Alert Library
More informationUS IRS and Treasury amend FIRPTA regulations to reflect PATH Act
23 February 2016 International Tax Alert US IRS and Treasury amend FIRPTA regulations to reflect PATH Act EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy
More informationSupplemental Information Fourth Quarter 2011 Earnings Call
Supplemental Information Fourth Quarter 2011 Earnings Call Market & Financial Overview Capital Values Q4 2010 Shanghai, Washington DC, London Singapore Q4 2011 Hong Kong Shanghai Beijing Milan, New York
More informationUS: Proposed 956 regulations would limit foreign tax credit planning by reducing Section 956 inclusions for corporate US shareholders
5 November 2018 Global Tax Alert US: Proposed 956 regulations would limit foreign tax credit planning by reducing Section 956 inclusions for corporate US shareholders NEW! EY Tax News Update: Global Edition
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION December 18, 2018 Mark Harris, Chief Financial Officer Julie Creed, VP, Real Estate & Investor Relations 0 1 SAFE HARBOR STATEMENT Our presentation may contain forward-looking statements.
More informationUS: Forthcoming proposed regulations will offer some clarity on Section 163(j) business interest expense limitation
9 April 2018 Global Tax Alert US: Forthcoming proposed regulations will offer some clarity on Section 163(j) business interest expense limitation EY Global Tax Alert Library Access both online and pdf
More informationUS Treasury intends to delay application of final regulations under Section 987 by one year
4 October 2017 Global Tax Alert US Treasury intends to delay application of final regulations under Section 987 by one year Immediate pre-transition considerations remain for taxpayers EY Global Tax Alert
More informationIRS rules consent fee paid on contingent payment debt instrument may result in a taxable exchange
13 August 2014 International Tax Alert EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International-
More informationUS IRS suspends application of new Section 1446(f) withholding requirement on dispositions of publicly traded partnership interests
12 January 2018 Global Tax Alert US IRS suspends application of new Section 1446(f) withholding requirement on dispositions of publicly traded partnership interests EY Global Tax Alert Library Access both
More informationHong Kong-India income tax treaty enters into force
6 December 2018 Global Tax Alert Hong Kong-India income tax treaty enters into force NEW! EY Tax News Update: Global Edition EY s new Tax News Update: Global Edition is a free, personalized email subscription
More informationFinancial ratios: Lost in translation
Financial ratios: Lost in translation An accountants perspective 2 September 2017 Accounting baseline Legal rules Law principle based Case law, interpretation All advice is linked to the above Accounting
More informationUS IRS issues proposed regulations on international rules under BBA partnership audit regime
7 December 2017 Global Tax Alert US IRS issues proposed regulations on international rules under BBA partnership audit regime EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationUS Section 871(m) final and temporary regulations address dividend equivalents
30 January 2017 International Tax Alert US Section 871(m) final and temporary regulations address dividend equivalents EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax
More informationExecutive summary. EY Global Tax Alert Library
13 December 2016 International Tax Alert US Notice 2016-73 announces amendments to Section 367 regulations applying to certain cross-border triangular reorganizations and inbound nonrecognition transactions
More informationHogan Lovells (Luxembourg) LLP. What do you know about us?
Hogan Lovells (Luxembourg) LLP What do you know about us? Who is Hogan Lovells? Who is Hogan Lovells? Change is happening faster than ever. To stay ahead, you need to anticipate what s next. Whether that
More informationChief Counsel Advice concludes that accrued but unpaid interest constitutes an obligation of a US person for purposes of Section 956
11 September 2014 International Tax Alert EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International-
More informationUS IRS issues interim guidance under new Section 1446(f) for sales of interests in non-publicly traded partnerships
12 April 2018 Global Tax Alert US IRS issues interim guidance under new Section 1446(f) for sales of interests in non-publicly traded partnerships EY Global Tax Alert Library Access both online and pdf
More informationTreasury and IRS issues guidance on 2% tax on payments US government makes to foreign persons under certain contracts
27 April 2015 International Tax Alert EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International-
More informationJapan releases guidance on transfer pricing documentation requirements
7 June 2016 Global Tax Alert News from Transfer Pricing Japan releases guidance on transfer pricing documentation requirements EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationEU Commission approves enhancements to Madeira International Business Center Tax Regime
3 September 2013 EU Commission approves enhancements to Madeira International Business Center Tax Regime Executive summary On 2 July 2013, the EU Commission issued a decision allowing Portugal to increase
More informationBrazil amends regulations related to taxation of capital gains earned by nonresidents and cross-border payments related to rental or lease of aircraft
20 October 2016 Global Tax Alert News from Americas Tax Center Brazil amends regulations related to taxation of capital gains earned by nonresidents and cross-border payments related to rental or lease
More informationClaims transformation. EY claims capability
Claims transformation EY claims capability Global insurance industry trends claims transformation According to the market point of view, claims transformation will be the focus of innovation and investment
More informationDutch Lower Court finds lack of arm s length return in captive reinsurance case
6 March 2014 Global Tax Alert News from Transfer Pricing EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/
More informationManaging operational tax risk through technology
Managing operational tax risk through technology EY Africa Tax Conference September 2014 Panel Daryl Blakeway Director Tax Performance Advisory Leader EY South Africa Anthony Davis Director Tax Performance
More informationUS Tax Cuts and Jobs Act significantly affects US private companies with outbound investments
5 February 2018 Global Tax Alert US Tax Cuts and Jobs Act significantly affects US private companies with outbound investments EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationUS IRS and Treasury issue guidance offering RICs with Section 853 elections alternative methods for handling foreign tax refunds
22 January 2016 International Tax Alert US IRS and Treasury issue guidance offering RICs with Section 853 elections alternative methods for handling foreign tax refunds EY Global Tax Alert Library Access
More informationOECD releases interim report on the tax challenges arising from digitalization
16 March 2018 Global Tax Alert OECD releases interim report on the tax challenges arising from digitalization EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationThe new revenue recognition standard - life sciences
Applying IFRS in Life Sciences The new revenue recognition standard - life sciences November 2014 Contents Overview... 2 Key considerations for life sciences entities... 2 Collaboration agreements... 2
More informationNetherlands ratifies tax treaty with Sint Maarten
21 January 2016 Global Tax Alert Netherlands ratifies tax treaty with Sint Maarten EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationAre your climate disclosures revealing the true risks of your business?
Are your climate disclosures revealing the true risks of your business? Insights for the CFO on the release of Final Report: Recommendations of the Task Force on Climate-related Financial Disclosures.
More informationUpdated 2016 US IRC Section 1256 qualified board or exchange list
25 January 2016 International Tax Alert Updated 2016 US IRC Section 1256 qualified board or exchange list EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy
More informationEY Slovenia. Tax Alert February. Overview of the Proposed Measures to Restructure Tax Burdens. Tax Alert. 28 February 2019
28 February 2019 EY Slovenia Tax Alert Tax Alert February Overview of the Proposed Measures to Restructure Tax Burdens On Tuesday, 26 February 2019, the Ministry of Finance of the Republic of Slovenia
More informationInternational Financial Reporting Standards (IFRS) update seminar
International Financial Reporting Standards (IFRS) update seminar Venue: The Four Seasons, Kingdom Tower, Riyadh Date: 22 November 2017 Are you ready for the change? The implementation of International
More informationUS IRS issues examination guidelines on Form 1120-F filing deadline waivers
2 March 2018 Global Tax Alert US IRS issues examination guidelines on Form 1120-F filing deadline waivers EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy
More informationCouncil of the EU reaches an agreement on new mandatory transparency rules for intermediaries and taxpayers
14 March 2018 Global Tax Alert Council of the EU reaches an agreement on new mandatory transparency rules for intermediaries and taxpayers EY Global Tax Alert Library Access both online and pdf versions
More informationOECD invites comments on discussion draft on treaty residence of pension funds
4 March 2016 Global Tax Alert OECD invites comments on discussion draft on treaty residence of pension funds EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationUK publishes draft legislation on modified patent box regime
17 December 2015 Global Tax Alert UK publishes draft legislation on modified patent box regime EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your
More informationExecutive summary. EY Global Tax Alert Library
30 January 2017 International Tax Alert US temporary and proposed regulations deny nonrecognition treatment to contributions of appreciated property by US persons to certain partnerships with related foreign
More informationOECD releases new guidance on transfer pricing for low value-adding intra-group services under BEPS Actions 8-10
13 October 2015 EY OECD BEPS project Stay up-to-date on OECD s project on Base Erosion and Profit Shifting with EY s online site containing a comprehensive collection of resources, including news, Alerts
More informationWithholding tax on cash and in-kind benefits in Slovakia. April 2015
Withholding tax on cash and in-kind benefits in Slovakia April 2015 Introduction As of 1 January 2015, benefits provided to healthcare providers, their employees or medical staff ( HCP / HCO ) by a pharmaceutical
More informationINAP Reports Second Quarter 2017 Financial Results
INAP Reports Second Quarter 2017 Financial Results Revenue of $69.6 Million; Top-Line Initiatives Continue to Improve Trajectory o Second Quarter Revenue Includes Planned Closure of Facility in New York
More informationMongolia introduces rules to tax indirect transfer of land rights and exploration and mining licenses
Tax Alert MONGOLIA Mongolia introduces rules to tax indirect transfer of land rights and exploration and mining licenses Issue No. MNIT2018002 29 January 2018 Executive summary On 10 November 2017, the
More informationWhen insight matters. TM. Insight changes everything
When insight matters. TM Insight changes everything Insight creates opportunities The advantage of knowing Scotiabank At Scotiabank, our Global Banking and Markets division provides corporate and investment
More informationSpain releases draft bill on Digital Services Tax
25 October 2018 Indirect Tax Alert Spain releases draft bill on Digital Services Tax NEW! EY Tax News Update: Global Edition EY s new Tax News Update: Global Edition is a free, personalized email subscription
More informationHong Kong releases new practice note on concessionary tax regime for qualifying aircraft leasing activities
10 November 2017 Global Tax Alert Hong Kong releases new practice note on concessionary tax regime for qualifying aircraft leasing activities EY Global Tax Alert Library Access both online and pdf versions
More informationIFRS adopted by the European Union
IFRS adopted by the European Union Status of the endorsement process for IFRS standards, interpretations and amendments issued by the IASB as at 31 December 2017 February 2018 1. Published International
More informationSwiss canton of Zug releases plan for local implementation of Corporate Tax Reform III
4 October 2016 Global Tax Alert Swiss canton of Zug releases plan for local implementation of Corporate Tax Reform III EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax
More informationIRS updates procedures for withholding foreign partnerships and withholding foreign trusts; coordinates rules with FATCA
15 August 2014 International Tax Alert EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International-
More informationCanada: New Brunswick issues transitional rules regarding HST increase of 2%
6 April 2016 Indirect Tax Alert Canada: New Brunswick issues transitional rules regarding HST increase of 2% EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationBrexit for insurance. Mapping the road to Brexit
Brexit for insurance Mapping the road to Brexit 3 A step-by-step guide to designing and implementing a strategy to meet the challenges of a post-brexit world With the clock ticking on the UK s exit from
More informationInvestor Presentation. 53,000 employees, 200 offices, 75 countries, 1 global platform
Investor Presentation 53,000 employees, 200 offices, 75 countries, 1 global platform August 2014 Who we are JLL is a leading provider of real estate services and investment management, creating value for
More informationEU publishes Union Customs Code Implementing and Delegated Acts: Major changes as of 1 May 2016
26 January 2016 Indirect Tax Alert EU publishes Union Customs Code Implementing and Delegated Acts: Major changes as of 1 May 2016 EY Global Tax Alert Library Access both online and pdf versions of all
More informationInternational Tax Update
International Tax Update Stephen Bates Jose Murillo Cynthia Yu 3 May 2016 Disclaimers This presentation is provided solely for the purpose of enhancing knowledge on tax matters. It does not provide tax
More informationAustralian Parliament passes Bill for MAAL, CbC reporting and increased penalties with wider ATO public reporting
4 December 2015 Global Tax Alert Australian Parliament passes Bill for MAAL, CbC reporting and increased penalties with wider ATO public reporting Private company tax data to be disclosed by ATO. Wide-ranging
More informationIP ISSUES IN MERGERS & ACQUISITIONS
IP ISSUES IN MERGERS & ACQUISITIONS Louis Beardell, James Carrigan, and Rachelle Dubow June 6, 2017 2016 Morgan, Lewis & Bockius LLP Key IP Issues in Mergers & Acquisitions I. IP due diligence: scope,
More informationMSCI CYCLICAL AND DEFENSIVE SECTORS INDEXES METHODOLOGY
INDEX METHODOLOGY MSCI CYCLICAL AND DEFENSIVE SECTORS INDEXES METHODOLOGY August 2016 AUGUST 2016 CONTENTS 1 Introduction... 3 2 Constructing MSCI Cyclical and Defensive Sectors Indexes... 4 2.1 Constituent
More informationM&A ACADEMY: TAX ISSUES IN M&A TRANSACTIONS
M&A ACADEMY: TAX ISSUES IN M&A TRANSACTIONS Daniel Nelson, Partner Casey August, Partner February 12, 2019 2019 Morgan, Lewis & Bockius LLP Introductory Notes Focus on domestic transactions Cross-border
More informationUK publishes response to consultation on corporate intangible fixed assets regime and draft legislation
14 November 2018 Global Tax Alert UK publishes response to consultation on corporate intangible fixed assets regime and draft legislation NEW! EY Tax News Update: Global Edition EY s new Tax News Update:
More informationPinsent Masons in Spain
Pinsent Masons in Spain Pinsent Masons in Spain Pinsent Masons is a sector focussed global law firm. Our strategy is to invest in geographies that connect our clients to where they want to do business.
More informationDriving integrated ÕfYf[aYd Yf\ kg[ayd j]lmjfk
Driving integrated An integrated measurement approach The global business landscape is undergoing a perceptible shift. regulation (on one hand) and social and environmental impacts (on the other hand)
More informationLuxembourg s Parliament adopts Law on tax reform 2017
19 December 2016 Global Tax Alert Luxembourg s Parliament adopts Law on tax reform 2017 EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationTAX ISSUES IN M&A TRANSACTIONS
MORGAN LEWIS 2018 M&A ACADEMY PRESENTS: TAX ISSUES IN M&A TRANSACTIONS Daniel Nelson, Partner Casey August, Partner March 6, 2018 2018 Morgan, Lewis & Bockius LLP Introductory Notes Focus on domestic transactions
More informationExecutive summary. Detailed discussion. EY Global Tax Alert Library
22 December 2016 International Tax Alert US final regulations retroactively eliminate Section 367(d) s exception for foreign goodwill and going concern value and narrow Section 367(a) s active trade or
More informationIFRS adopted by the European Union. Based on International Financial Reporting Standards in issue at 22 December 2015
IFRS adopted by the European Union Based on International Financial Reporting Standards in issue at 22 December 2015 1. Published International Financial Reporting Standards (IFRS) The table below provides
More informationAngola requires transfer pricing documentation for 2013 transactions
20 December 2013 Global Tax Alert News from Transfer Pricing EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/
More informationApplying IFRS Goodwill Hunting
Applying IFRS Goodwill Hunting Looking for property investors missing cash flows February 2016 Contents 1. Introduction 2 2. An illustration 3 3. Goodwill acquired with investment property businesses 4
More informationHong Kong introduces legislative bill for corporate treasury center incentives
11 December 2015 Global Tax Alert Hong Kong introduces legislative bill for corporate treasury center incentives EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationMSCI AGRICULTURE & FOOD CHAIN INDEXES METHODOLOGY
INDEX METHODOLOGY MSCI AGRICULTURE & FOOD CHAIN INDEXES METHODOLOGY September 2017 SEPTEMBER 2017 CONTENTS 1 Introduction... 3 2 Constructing MSCI Agriculture & Food Chain Indexes... 3 2.1 Agriculture
More informationUruguay s Executive Power proposes bill on fiscal transparency
12 August 2016 Global Tax Alert News from Americas Tax Center Uruguay s Executive Power proposes bill on fiscal transparency EY Global Tax Alert Library The EY Americas Tax Center brings together the experience
More informationWithholding tax on cash and in-kind benefits in Slovakia. April 2015
Withholding tax on cash and in-kind benefits in Slovakia April 2015 Introduction As of 1 January 2015, benefits provided to healthcare providers, their employees or medical staff ( HCP / HCO ) by a pharmaceutical
More informationUS proposed GILTI regulations implement international tax reform changes
17 September 2018 Global Tax Alert US proposed GILTI regulations implement international tax reform changes NEW! EY Tax News Update: Global Edition EY s new Tax News Update: Global Edition is a free, personalized
More informationThe Netherlands publishes 2018 Budget Proposals including changes to Dutch Dividend Withholding Tax Act
19 September 2017 Global Tax Alert The Netherlands publishes 2018 Budget Proposals including changes to Dutch Dividend Withholding Tax Act EY Global Tax Alert Library Access both online and pdf versions
More informationGlobal Tax Alert. Brazil enacts tax reform
15 May 2014 Global Tax Alert News from Americas Tax Center EY Americas Tax Center The EY Americas Tax Center brings together the experience and perspectives of over 10,000 tax professionals across the
More information