Asia Pacific Dbriefs

Archived Webcasts

Webcasts archived in the last month can be accessed from the Dbriefs Library. Click here to view the full list of available archives from the past 6 months. For a complete program schedule and topic information on upcoming webcasts, select the Program Guide the menu on the right.

Upcoming Webcasts

Indirect Tax

M&A on the Rise Again: Don't Forget About VAT and GST

29 May, 2:00 – 3:00 PM HKT (GMT+8)
Host: Robert Tsang
Presenters: Mike Chang, Han Hong Seok, and Darika Soponawat

With M&A deals increasing again in recent months, many corporations are undertaking transactions involving businesses in multiple countries or reorganizing their international　structures. What VAT or GST implications could those transactions have? We'll discuss:

• M&A deal structures that might have significantly different VAT outcomes, including transfers of securities or trade and asset transfers.
• Other VAT and GST implications of cross-border M&A, including the possible inadvertent adoption of historic VAT or GST exposures, irrecoverable VAT or GST costs, VAT or GST registration issues, and other compliance obligations.
• Planning and diligence considerations that can help you effectively address VAT and GST issues, as well as minimize compliance obligations.

Explore potential VAT and GST impacts of cross-border M&A and learn ways to plan ahead for your next deal.

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Mergers & Acquisitions

China Domestic / Inbound Investment
Privatization: The Key to Unlocking Hidden Value in China Divestitures?

30 May, 5:00 – 6:00 PM HKT (GMT+8)
Presenters: Connie Ho and Andrew Tsang

With weak capital markets persisting in China and the region, market multiples remain low for many companies creating an environment in which divesting companies may be undervalued. Could privatization drive more value? With what possible risks and rewards? We'll discuss:

• Recent privatization trends and drivers in the greater China marketplace, including scarce quality assets in Asia Pacific high-growth markets.
• Potential risks of privatization compared to other divestiture methods.
• Possible rewards of privatization, including the opportunity to restructure, insulation from stock market volatility, and regaining majority control.
• Designing and implementing privatization strategies, including recent case studies.

Explore drivers behind the wave of privatizations being undertaken by Chinese companies and how related challenges and opportunities may be relevant to your growth strategy.

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(Tune in to the Putonghua version of this webcast at 11:00 AM HKT (GMT +8) on 6 June. Please visit Chinese language webcasts website for program details.)

China Spotlight

RMB Bonds: Why, What, and How?

31 May, 2:00 – 3:00 PM HKT (GMT+8)
Host: Marco Liu
Presenters: Johnny Foun and Kam Poon

China's 12th Five-Year Plan, 2011-15, has identified internationalization of its currency – the renminbi (RMB) – and increased convertibility of the RMB as critical components of its national development strategy. What impacts could this increased emphasis on RMB internationalization have on offshore RMB bonds? We'll discuss:

• Overview of RMB internationalization and development of offshore RMB bonds.
• Factors to consider before issuing an offshore RMB bond and possible implications for your business.
• Key tax considerations associated with the issuance of an offshore RMB bond.

Learn what this important next stage of China's integration with the global economy may mean for your company and how to utilize the offshore RMB bonds for financing.

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税务

中日预约定价安排最新动态

6月5日上午1 1时－下午1 2时 (香港/北京时间, GMT + 8 )
主持人: 郭心洁
主讲人: 贺连堂及舒伟

随着中国转让定价的监管环境日益严谨，越来越多涉足中国的跨国企业正寻求预约定价安排，而日本是与中国进行预约定价安排最为活跃的国家。中日跨国经营業務者应当考虑甚么？我们将研讨：

• 对比中日两国预约定价安排流程体系，讨论两国申请程序上的差别，分析中国国家税务总局（SAT）和日本国税厅（NTA）在预约定价安排申请各自重点关注的阶段。
• 回顾中日预约定价安排的历史数据，提供中国国家税务总局处理中日预约定价安排申请的最新动态。
• 分析两国税务当局进行预约定价安排磋商时的主要技术争议。
• 讨论中国税务总局在未来预约定价安排中的着眼点。

预约定价安排环境不断变迁，把握机会，获取最新见解。

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(我们邀请您参加此讲座于5月17日播放的英语版讲座及6月26日播放的日语版讲座。详情请访问 Asia Pacific Tax 及 Japanese language webcasts网页。)

并购

中国国内和对内投资

私有化: 开启中国企业资产剥离中隐匿价值的钥匙

6月6日上午1 1时－下午1 2时 (香港/北京时间, GMT + 8 )
主讲人: 何小曼及曾忠林

中国和区域资本市场长期低迷, 企业因市值长期受压从而造成企业资产剥离的估价贬值。 私有化可使企业增值吗？可能的风险和回报有哪些？我们将探讨：

• 近来中国市场的私有化趋势和驱动力，包括高速增长的亚太地区市场的稀缺优质资产。
• 相比其他资产剥离方式，私有化的潜在风险。
• 私有化可带来的回报：包括资产重组机会，避免股票市场波动的影响，重持公司控股权。
• 参透私有化案例，探索和计划私有化战略。

探讨中国企业私有化浪潮背后的驱动因素，以及私有化对贵公司的发展策略带来的商机和挑战。

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(我们邀请您参加5月30日播放的相关英语讲座。详情请访问 Mergers & Acquisitions 网页 。)

International Assignments

Global Mobility: Asia Pacific Tax Outlook for 2012

7 June, 2:00 – 3:00 PM HKT (GMT +8)
Host: Russell Bird
Presenters: Frank Klasic, Joanne Lee, and Sudhakar Sethuraman

As shifts in the global economy continue to challenge multinational employers, what tax reforms are being considered or implemented that you should be aware of to plan your international personnel assignments and budgets appropriately? We'll discuss:

• Australia – changes in the living-away-from-home allowance benefit rules and the resulting cost increases.
• Japan – introduction of annual reporting for global equity remuneration plans and foreign asset reporting.
• Singapore – changes for the Central Provident Fund social security program.
• Updates from India and other Asia Pacific countries.

Learn about key proposals included in various countries' current tax budget reform documents and laws that are being enacted now so you can understand what the year ahead looks like for individual income taxation.

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International Tax

Classifying Hybrid Instruments and Transactions for Domestic Tax Purposes: What's in a Name?

12 June, 2:00 – 3:00 PM HKT (GMT+8)
Host: Steve Towers
Presenters: Kevin Atkins, Leonard Khaw, and Alyson Rodi

A country's tax laws typically distinguish between the taxability of debt and equity. But what are the rules to distinguish debt from equity, particularly where relevant financial instruments or transactions are governed by foreign law? We'll discuss:

• Different approaches used by different countries, such as the form-based approach in many Asian countries vs a substantive approach used in Australia, the U.S., and a number of European countries.
• Classification of hybrid financial instruments and transactions governed by foreign law.
• Opportunities and risks created by differing classifications in two or more countries, including a consideration of the March 2012 OECD report, "Hybrid Mismatch Arrangements: Tax Policy and Compliance Issues".

Learn about the different classification approaches of different countries, and the opportunities and risks such differences might create.

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Mergers & Acquisitions

China Outbound Investment
Possible Impacts of Employee Benefit Liabilities on Deal Price

13 June, 5:00 – 6:00 PM HKT (GMT +8)
Host: Warren Zhao
Presenters: Mark O'Reilly, David Robbins, and Paul Yates

Although Chinese companies have retirement liabilities, those of foreign companies they wish to acquire can be fundamentally different. Since employee benefits can lead to significant purchase price adjustments for international transactions, what are the important factors to consider in upcoming acquisitions or dispositions? We'll discuss:

• An overview of employee benefit liabilities around the world and strategies for negotiating the potential price impact of such liabilities during acquisition or sale.
• A focused look at employee benefit liabilities in the U.S.
• Risks and opportunities of defined-benefit plans – do you really need to take them?
• Post-merger integration issues and what is worth trying to change.

Learn about employee benefit considerations from the buyer's perspective and possible effects on China outbound acquisitions involving U.S. businesses.

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(Tune in to a relevant webcast presented in Putonghua at 11:00 AM HKT (GMT +8) on 20 June. Please visit Chinese language webcasts website for program details.)

Indirect Tax

Compliance Assurance: The New Frontier for Indirect Tax?

19 June, 2:00 – 3:00 PM HKT (GMT +8)
Host: Robert Tsang
Presenters: Danny Koh and Richard Mackender

Various countries around the world have introduced compliance risk management programs aimed at helping corporate taxpayers better manage their VAT and GST risks. What should you know about programs in key Asia Pacific countries? We'll discuss:

• The Australian Tax Office's risk assessment framework – what issues and opportunities have businesses encountered since the framework launch in 2010?
• Singapore's Assisted Compliance Assurance Programme – lessons learned, key takeaways, and effective practices you can apply.
• Updates on similar compliance assurance efforts in countries across the region.

Learn about new approaches to indirect tax risk management in countries across Asia Pacific.

Register for this webcast

并购

中国海外投资

员工退休福利赔偿对交易价格的潜在影响

6月20日上午1 1时－下午1 2时 (香港/北京时间, GMT + 8 )
主持人: 谢爱妮
主讲人: 李倩及赵洪宇

虽然中国企业提供员工退休赔偿，但中国企业意图并购的外国公司往往采取完全不同的员工退休赔偿政策。员工福利在跨国并购交易中可能会导致重大的调整价格。此外，在未来的并购或战略部署中需要考虑的重要因素还有哪些？我们将讨论：

• 概述世界各地员工退休福利赔偿, 以及收购谈判或出售过程中涉及的员工福利负债的战略。
• 重点讨论美国雇员的退休福利赔偿。
• 待遇确定型福利计划的风险和机会 - 你真的需要它吗？
• 并购后会遇到的整合问题和值得去改变的事宜。

了解从买方角度考虑人力资本，及其在中国企业并购美国企业时的潜在影响。

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(我们邀请您参加6月13日播放的相关英语讲座。详情请访问 Mergers & Acquisitions 网页 。)

India Spotlight

Extending Your Global Supply Chain to India: Opportunities and Challenges

21 June, 2:00 – 3:00 PM HKT (GMT +8)
Host: Tom Ewigleben
Presenters: Anis Chakravarty, Prashant Deshpande, and Rohinton Sidhwa

Many questions arise as multinationals consider extending their global supply chains into India. Can a toll or contract manufacturer arrangement work in the Indian context? What are the challenges associated with setting up an operation for sourcing of goods and raw materials? What distributor arrangements work well in India, and can distributors be stripped of risk? We'll discuss:

• Foreign trade policy and exchange controls.
• Issues around permanent establishment (PE) and transfer pricing.
• Indirect tax issues, including customs, VAT, service taxes, and excise taxes.
• Conversion and exit tax implications.

Gain new insights on implementation and tax issues facing multinationals that want to include India in their supply chain strategies.

Register for this webcast

Japanese Language Webcasts

移転価格税制：日中間のAPA（事前確認制度）アップデート

6月26日 12:00 – 1:00 PM (日本時間、GMT +9)
司会進行：福島 節子
講師：河瀬 哲弥、久保山 直

昨今の中国における移転価格税制の執行の強化に伴い、以前にも増して多くの多国籍企業が、事前確認制度（Advance Pricing Agreement/Arrangement）を実際に利用するか、または申請の検討を行っています。中国への投資が大きく、かつ密接な繋がりを有する日系企業にとっても、APAを含めた移転価格対策の検討の重要性がますます高まってきています。APAには、税務リスクを低減できるという大きなメリットがあると同時に、デメリットもあります。

そこで今回のWebcastでは、日中間のAPA申請を含めた対中国取引にかかる移転価格対応の留意点等ついて解説します。

• 日本と中国のAPA制度の比較（手続き面での比較から、審査における対応など、実務上の留意点について）
• 日中間APAの歴史や統計データから読み取れること、および日中間の二国間APAに対する最近の中国の税務当局の方向性
• 実務上、日中間APAの申請・審査・交渉の際に争点となる事項
• APAへの日中両税務当局の示す方向性 、など

このWebcastに登録する

(同じテーマのWebcastを英語と中国語でも開催します。詳しくは、Asia Pacific TaxとChinese Language Webcastsをご覧ください。)