Living in an Increasingly Transparent World
KPMG (Hong Kong)
Mon 03 Dec 18:00
To download a copy of the presentation slides, please click here
The IBSA Hong Kong have pleasure in inviting you to join us for a discussion on how transparency initiatives, such as the Common Reporting Standard, the Significant Controllers Register, the Legal Entity Identifier and the Base Erosion and Profit Shifting, affect you when dealing with Hong Kong and overseas clients.
Over the last few years, there’s been a steady increase in the amount of disclosure required by individuals and corporations, both domestically and in their international dealings as well as increased disclosure requirements by third parties. How does this global trend affect your personal and corporate clients and what additional disclosures could be required? This talk will be of interest to anyone who advises corporations as well as high net worth personal clients. Our expert speakers will cover the following issues:
- James Parker of Norton Rose Fulbright will speak on the legal issues and practical compliance aspects that affect intermediaries and companies
- John Timpany of KPMG will speak on the potential tax implications on how this added transparency affects tax planning and on possible implications when dealing with the IRD
- Joe Cheung of Vistra will speak on the reporting and disclosure comparisons between Hong Kong, the BVI and the Cayman Islands as well as possible future disclosure requirements.
Networking drinks and canapes will follow the discussion, kindly provided by KPMG, our venue sponsor. The attendees will also enjoy the opportunity to meet fellow members and their guests. This event is free to IBSA members and invited guests.
This event carries 1.5 hrs of CPD accreditation.
Speakers
John Timpany
Partner, KPMG China
John has over 18 years of experience in KPMG’s tax practices in Hong Kong and New Zealand. John’s work involves providing the full range of tax assistance and advice to multinational companies across the Asia Pacific region and beyond. A number of John’s clients use Hong Kong as the location for their ASPAC regional head office and John advises these organisations on managing their tax affairs regionally. This regularly entails the leadership of regional client teams for specific projects and the provision of tax advisory and compliance support.
His role involves advising on issues relevant to the establishment of investment holding and operating structures for companies operating in a diverse range of industries and countries. He has extensive international merger and acquisition experience. He has also played a major role in the provision of tax advice on due diligence, contract negotiation, transaction restructuring and financing engagements.
John is experienced in advising clients from a wide variety of industries, including telecommunications, transportation, healthcare, insurance, banking and funds management and real estate.
Joe Cheung
Managing Director, Vistra Hong Kong
Joe joined Vistra in May 2016 as Operations Director for Vistra Hong Kong. His mandate was to help with the integration of the Orangefield and Vistra corporate and private client services teams and the implementation of new business systems. He currently is the Managing Director of Corporate & Private Clients, having day to day responsibility of the corporate and private client services business lines in Hong Kong.
Joe began his career in the corporate and trust services industry in 2006 as a consultant with a multinational fiduciary services business in Hong Kong. In 2007, he was sent to Singapore to setup a new office for this group. He was recalled back to the Asian headquarters in Hong Kong in 2013 to take up management of that office of 50 plus employees while remaining responsible for the operations in Singapore. Joe was also tasked with integrating the acquisition of another corporate services provider in Shanghai By 2015 Joe was Head of Asia with overall responsibility of 90 employees spread across 4 offices.
Over the course of 10 years in the corporate and trust services industry Joe has aided numerous entrepreneurs with setting up cross border business structures in various jurisdictions. He has also consulted many wealthy families on their succession and estate planning issues using trust structures. Joe’s experience includes assisting clients with establishing pre-IPO structures and employee stock ownership plans as well as establishing alternative fund structures.
Joe holds a Master of Science Degree issued by the Erasmus School of Economics in Rotterdam, the Netherlands. He was born and raised in the Netherlands. Dutch is his native language and he speaks English and Cantonese fluently.
James Parker
Partner, Norton Rose Fulbright
James Parker is a corporate lawyer based in Hong Kong. He has acted on a wide range of corporate finance transactions. He has considerable experience in mergers and acquisitions (both public and private), IPOs and secondary fundraisings and private equity.
James qualified as a solicitor in England and Wales in 2002. Having worked in London and Germany since qualifying, he moved to Hong Kong in February 2010 and qualified as a solicitor in Hong Kong in 2012.
Venue
KPMG (Hong Kong)
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