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Two separate developments in the global tax landscape will have an impact on Hong Kong and businesses that currently benefit from the city's low and simple corporate tax.

Last July, 130 jurisdictions agreed on a new two-pillar international corporate tax framework known as BEPS 2.0. Pillar One deals with profit and tax issues arising from the digital economy, while Pillar Two puts in place a standard corporate tax rate of at least 15% and a system of taxing profits where they are earned.

At the same time, the European Union recently placed Hong Kong on its watchlist on tax co-operation -- commonly known as the "Grey List" – over concerns that certain foreign-sourced passive income received in Hong Kong might lead to situations of "double non-taxation." In response, the Hong Kong Government plans to amend corresponding legislation by the end of 2022.

Join us on 18 January, when Jesse Kavanagh, Tax & Business Advisory Services Partner, and Cecilia Lee, Transfer Pricing Partner, from PwC Hong Kong, will discuss how legislative changes related to BEPS 2.0 and the E.U. Grey List could potentially affect the tax compliance and planning process for businesses. Jesse and Cecilia will also explain their impact on Hong Kong's operating environment.

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.

Speaker(s)

Jesse Kavanagh, Tax & Business Advisory Services Partner, PwC Hong Kong

Jesse is a Tax Partner and serves as the Hong Kong Tax Reporting & Strategy Leader. He has over 20 years of experience in advisory, financial services and technology. He's led multiple projects on tax function optimization, including tax strategy planning, organisational design and automation.  He has also advised clients on international tax, restructuring, M&A, compliance, controversy and tax risk management.  In addition to his advisory work, Jesse held global and regional in-house tax roles in the technology and investment banking industries and has many years of experience and industry knowledge as an in-house Tax Director. 

Having worked in Hong Kong, Australia and the United States, Jesse brings a strong international focus to his work, and manages several of our clients' global and regional relationships.

Jesse has chaired both the Asian Capital Markets Tax Committee and Tax Executive Institute's Hong Kong chapter, and has served on Hong Kong's Joint Liaison Committee of Taxation.

Cecilia Lee, Transfer Pricing Partner, PwC Hong Kong

Cecilia has been at PwC for over 20 years, with over 10 years of experience in the United States. She is the head of PwC‘s transfer pricing practice in Hong Kong and is also the Asia Pacific Champion Partner for PwC’s Global Coordinated Documentation service. Cecilia advises clients on various Hong Kong and China transfer pricing issues, including value chain transformation, cost sharing, restructuring, intangible property and audit defence and disputes as well as APA. Cecilia had been actively involved in the legislation process of the gazetted Inland Revenue (Amendment) (No. 6) Ordinance 2018.

Cecilia is a frequent speaker at transfer pricing seminars with clients, professional organizations and tax authorities, and has contributed to professional publications. She is a CPA in the US.

Date and Time 2022/01/18 14:00 to 15:00
Venue Online via Zoom
Media Closed to media
Enquiries Tracy Leung
Tel: 28231277
Email: tracy@chamber.org.hk
Fee
  • HK$ 100 for Members / HK$ 200 for Non-Members (Online via Zoom)
+$50 for booking offline
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.
- No refund will be made for last minute cancellations or no-shows.
- 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.
- Participants agree to indemnify the Chamber and the hosting party all liabilities for property damage, physical injury or death in relation to this event. Participants are advised to take their own insurance against all risks.

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