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Frontiers in Tax June 2008 - thinking beyond borders in financial services
The financial services sector has been in a very dynamic or perhaps
even frantic mode since the last edition.
The sector has experienced the impact of the credit crunch on the liquidity of major financial institutions, watched the rise of investment in the financial sector by Sovereign Wealth Funds and has begun to understand the greater
financial strength that the rise in oil prices has given the Gulf region
generally.
This edition addresses the tax considerations relevant to some of these issues.
Transfer pricing is coming to the attention of more banks in recent times, as the OECD turns its attention more towards the activities of financial institutions. John Neighbour and his colleagues explain why transfer pricing, while certainly a tax risk, can also be an opportunity for effective tax rate management. We are also seeing the development whereby many third country financial institutions are looking at Europe as a focus for their international expansion and we look at the issues such banks should consider when choosing an attractive entry point for this expansion.
We also look at a number of other hot topics as they affect the financial services industry. Amongst others these include the changes in the treatment of financial services income from a VAT perspective, the impact of Solvency II on the European insurance market and the variety of approaches that tax authorities take to the taxation of financial derivatives.
Download the Frontiers in Tax June 2008 (.pdf 1.29 MB)
This edition addresses the tax considerations relevant to some of these issues.
Transfer pricing is coming to the attention of more banks in recent times, as the OECD turns its attention more towards the activities of financial institutions. John Neighbour and his colleagues explain why transfer pricing, while certainly a tax risk, can also be an opportunity for effective tax rate management. We are also seeing the development whereby many third country financial institutions are looking at Europe as a focus for their international expansion and we look at the issues such banks should consider when choosing an attractive entry point for this expansion.
We also look at a number of other hot topics as they affect the financial services industry. Amongst others these include the changes in the treatment of financial services income from a VAT perspective, the impact of Solvency II on the European insurance market and the variety of approaches that tax authorities take to the taxation of financial derivatives.
Download the Frontiers in Tax June 2008 (.pdf 1.29 MB)
