Anthony Tam interviewed by George Russell on tax issues
With the action plan recently announced by OECD, new rules intended to reshape international company tax practices could be in place as early as next year...
Anthony Tam, Tax Partner, shared his expert opinion with George Russell for his article "Taxing times".
Anthony Tam, a tax partner with Mazars in Shanghai and a deputy chair of the Institute’s taxation faculty executive committee, says companies shifting to Hong Kong should prove that they have substance.“A Hong Kong company would only be used when there would indeed be management activities and other commercial activities being carried out in Hong Kong,” he points out.
To read the full article, please click here .
- Article by George Russell for A+ Magazine, September 2013 issue
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OECD tackles Base Erosion and Profit Shifting
The OECD ‘Action Plan on Base Erosion and Profit Shifting’ (‘BEPS’) - issued on 19 July 2013 - identifies 15 key actions along with timelines, with most actions being addressed within two years. The scale of the plan is ambitious, and will result in a dramatic change in the landscape of tax planning in the international arena. An underlying theme is tackling the artificial separation of taxable income from the activities that generate it. Going forwards, the focus will be much more on the underlying substance and where value is really created within an international business.