BCM Tax - Archive

A Commentary on Banking and Capital Markets Tax Issues in Asia Pacific

Previous Issues

November 2011

BCM Tax, a publication by PwC's Asia Banking and Capital Markets Tax Network, covers the hot topics in international taxation and their impact in Asia Pacific. This issue includes:

  • A review of the impact of indirect taxation as it relates to the banking sector, and explore if the exemption regime in GST / VAT systems indeed confers a tax advantage on banks over the non-bank taxpayers. We will also consider how some countries in Asia Pacific alleviate the cost of what would otherwise be irrecoverable input tax through various mechanisms; and
  • Recent developments across the Asia Pacific tax landscape, for example, real estate investment trusts (the Philippines), Islamic finance (Indonesia) and more generally the opportunities for tax reform (Australia) and the expansion of treaty network (Hong Kong and Taiwan). 

Volume Three 2010

BCM Tax, a publication by PwC's Asia Banking and Capital Markets Tax Network, covers the hot topics in international taxation and their impact in Asia Pacific. This issue includes:

  • A main article discussing the merits for banks and FIs around the world to restructure their global group by establishing a holding company in Asia. This is against a global background where various countries is overhauling their regulatory environment in response to the global financial crisis and where Asia is gaining economic significance.
  • A contribution by PwC Singapore's US Tax consulting team evaluating the impact of the Foreign Account Tax Compliance Act on financial institutions and other topical issues and country updates from Australia, Hong Kong, India, Japan, Malaysia and Singapore.

 

Volume Two 2010 

BCM Tax, a publication by PricewaterhouseCoopers' Asia Banking and Capital Markets Tax Network, covers the hot topics in international taxation and their impact in Asia Pacific. This issue includes a review of the tax implications of credit risk management practices of financial institutions, commentaries on tax developments that will have an impact in the banking and capital markets sector in Asia Pacific, as well as an interview with a tax director of a bank on the challenges the industry faces today.

 

 

 

 

 

Volume One 2009

BCM Tax, a quarterly publication by PricewaterhouseCoopers' Asia Banking and Capital Markets Tax Network, covers the hot topics in international taxation and their impact in Asia Pacific.  In this issue, we discuss the tax considerations arising from bankers operating on a cross border basis, and the extent that their presence or activities could inadvertently create a tax presence in various countries.  It also covers tax developments in Asia Pacific that will have an impact in the banking and capital markets sector in Asia Pacific.