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With the next US Presidential election set to be held on November 5, 2024, the potential for a change in the White House emerges. Business leaders need to assess the potential positive and negative impacts of US President Biden's tax proposals and other economic policies on their investments in the US, job creation, and future economic growth.

On March 11, 2024, US President Joe Biden submitted a Fiscal Year 2025 budget to Congress, outlining measures to increase taxes for corporations with income exceeding US$400,000. Overall, the proposed budget is estimated to raise corporate income taxes by approximately US$2.8 trillion. Key proposals include raising the top US corporate income tax rate to 28%, increasing the corporate alternative minimum tax to 21%, and disallowing business deductions for employee compensation exceeding US$1 million. Additionally, the budget addresses US international tax and business tax rules, aiming to "make sure the wealthiest Americans and corporations pay their fair share of taxes while ensuring that no one making US$400,000 per year or less will pay a penny more in new taxes".

This seminar will offer an extensive overview of the latest developments in the 2024 US Presidential election and explore their potential implications for corporations.

DISCLAIMER
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

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Speaker(s)

Vivien Lau, Partner, US Tax Consulting Services, PwC Hong Kong

Vivien is a US tax partner of PwC Hong Kong. She brings extensive US and international tax experience from working with clients in both external adviser and in-house counsel capacities in New York and Hong Kong. She helps clients navigate the constantly evolving tax landscape by offering practical advice and developing optimal solutions with clients and their stakeholders. Her practice includes providing US tax advisory and compliance services to clients.

Vivien has led and participated in various tax consulting projects including helping clients design and implement integrated global tax strategies that achieve business objectives and address tax opportunities and risks. She has worked with clients on cross-border structuring, holding company structures, repatriation, debt restructure, tax due diligence, purchase price allocation, post-acquisition integrations, refinancing, value extraction, and disposal projects. Her deep experience in the private equity fund space includes partnering with clients and their stakeholders to manage various tax aspects of the front-to-back life cycle from product development, fundraising, investment structuring, compliance, audit support, stewardship to restructuring, disposal, and liquidation. In addition, she has presented in seminars on US tax related topics.

Vivien holds a Bachelor of Science in Commerce and a Master of Science in Accounting-Tax Consulting from the University of Virginia. She is a licensed US CPA and a member of the AICPA.

Language

English

Date and Time

2024/06/18 10:30 to 12:00

Venue

Chamber Theatre, 22/F United Centre

Media

Closed to media

Enquiries

Karen Au
Tel: 28231200
Email: [email protected]

Fee

Members @ HK$120 / Non-Members @ HK$240
+$50 for booking offline
Members enjoy 30% discount with BOC HKGCC VISA Card

Notes

- Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- The registration fee is non-refundable for this event.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.

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