Press Room

Taxes and intangible asset management play key roles for companies expanding into emerging markets

The 2011 European debt crisis remains unresolved and the US is deeply mired in long-term fiscal deficits and high unemployment. The focus of economic growth, meanwhile, has shifted to emerging economies, especially those in Asia and the BRIC countries—Brazil, Russia, India and China. With this in mind, PwC Taiwan began holding separate seminars on January 9 in northern.....

Turning Challenges into Opportunities by Reviewing Transfer Pricing Strategies

On 13 December 2011, PwC Taiwan Education Foundation and China Association of Industries Tax Professionals jointly organized a conference on “Latest Transfer Pricing Practices in Multinational Companies – New Trend in Taxation Risk Management”. This conference aimed to discuss issues of double taxation caused by transfer pricing, and study real cases of how tax authorities in Taiwan and China have adopted more stringent standards in auditing transfer pricing practices, while addressing the challenges and opportunities faced by multinational companies. Officials from the tax authority were also invited to explain transfer pricing rules and their development in Taiwan.

Three Ways for Taiwanese Enterprises to Respond to Tax Audits in USA

On 6 December 2011, PwC Taiwan organized a conference on “The Latest Tax Audits by U.S. Inland Revenue Services and the Best Defence for US-based Taiwanese Enterprises”. PwC US Partner Bernard Moens, Louis Carlow and Nick Raby addressed the most pressing issues for Taiwanese enterprises in the USA, and discuss the possible responses to the recent tax audits by the U.S. Inland Revenue Services.

PwC the Leading Name in Taxation Services in Taiwan and Worldwide

PwC Taiwan has recently been rated by International Tax Review in World Tax 2012 as a Tier 1 tax firm. This was the seventh consecutive year in which PwC Taiwan was rated Tier 1, as well as further recognition of PwC’s extraordinary service quality after winning Taiwan Tax Firm of the Year in International Tax Review 2009 and 2010.

Companies Should Prudently Respond to Shanghai's Shift from Business Tax to VAT

From 1 January 2012 onwards, China will begin its “Business Tax to VAT Transition Trial”, targeting transportation and certain modern service industries in Shanghai. Given the significant impacts this reform may have on Taiwanese enterprises operating in China, PwC Taiwan Tax Partner Elliot Liao and Tax Partner Howard Kuo have summarized the key issues pertaining this new program.

Active Guidance for GTSM (Emerging Stock Market) Listing and Attention to Stakeholders’ Interests

On 28 November 2011, PwC Taiwan Chairman Albert Hsueh attended the 2011 GTSM (and Emerging Stock Market) Listing Forum for High-Tech and Innovative Industries, and delivered a speech on the topic, “How to Promote Competition and Cooperation among Intermediaries while Ensuring Quality GTSM (and Emerging Stock Market) Listing”, by sharing the experience and knowledge of PwC expertise.

Healthcare going mobile says PwC expert

Global Healthcare Leader for PwC, Dr. David Levy and South East Asian Healthcare Leader for PwC, Ronald Ling visited Taiwan on November 18, 2011 to discuss new cross strait trends in the healthcare industry.

PwC Taiwan receives Golden Laurel Award

The GreTai Securities Market (GTSM) organized its “First Golden Laurel Award” on 1 November 2011. During the ceremony, PwC Taiwan received the “Golden Laurel Award for CPA Firm for GreTai Securities Market (Emerging Stock Market) Listing Guidance”, reaffirming industry recognition of the firm’s outstanding professional service standard.

PwC Taiwan advocates green management

PwC Taiwan analyzed the results of the 2011 corporate carbon disclosure report. PwC Taiwan Assurance Leader Joseph Chou noted PwC is a worldwide consultant for the Carbon Disclosure Project. This year, PwC Hong Kong cooperated with ASrIA, a HK-based associate of the Carbon Disclosure Project, to evaluate the carbon disclosure questionnaires completed by enterprises in Asia. More than 40 enterprises in Taiwan participated in this project, indicating that the issue of climate change has become an important indicator in the long term development of a company.

PwC Taiwan runs for charity to promote e-invoices

PwC participated in the Northern Region Uniform Invoice Cup Running event held by the Ministry of Finance on October 23, 2011(Sun.). Participating colleagues woke up early in the morning and assembled at Ketagalan Boulevard at 7am. The weather was nice on that day, and there were over 180 partners and colleagues who brought their entire families.

Adopting New IFRS Policies from Investors’ Perspective

PwC Taiwan was invited by IR Global Rankings (IRGR) to participate in the “2011 IR Summit Taipei” and to discuss the topic “Adopting New IFRS Policies – from Investors’ Decisioning Perspective”. The seminar was hosted by PwC Taiwan Assurance Leader Joseph Chou, and the topic discussed by CFO Wang Shu-Ling and CIO Chu Han-An from Delta Electronics Inc., and PwC Taiwan Tax Partner Rosamund Fan. These speakers shared their valuable viewpoints and recommendations with an audience of nearly 200 corporate CFOs and senior investors’ relationship managers.

Three Golden Rules to Successful M&A

PwC Taiwan held a book launch in Taipei International Convention Center for its “Corporate M&A Strategies and Best Practices”. This book was published under the joint efforts of PwC Taiwan’s Corporate M&A service team, which discussed in-depth M&A strategies and best practices from various perspectives including corporate operations, finance, accounting, taxation, and regulations.

PwC Taiwan Cultural Creative Film Festival Kicks Off

PwC Taiwan has reserved a total of 24 showings of the film Seediq Bale for colleagues and their family members to enjoy free of charge, once again demonstrating support and affirmation for the potential of local talent while also promoting the cultural creative industry.

Promoting green purchasing for sustainable environmental development

On September 9th, 2011, PwC Taiwan took part in the Outstanding Green Purchasing Units Recognition Ceremony hosted by the Executive Yuan’s Environmental Protection Administration as PwC Taiwan was recognized as an outstanding benchmark corporation for green purchasing. After implementing the green purchasing movement three years ago, ahead of industry trends, PwC Taiwan had been recognized as a corporation with green purchasing practices by the Taipei City Environmental Protection Administration for two consecutive years before winning the title of outstanding green purchasing corporation this year.

PwC support for Taiwan’s cultural and creative industries

The 2nd Annual Taiwan International Cultural & Creative Industry Expo took place from September 8th to 11th, 2011. Just like last year, PwC Taiwan also took part through the active role of a professional service provider in the cultural creative industry. What set this year apart from others was how the booth design adopted the same warm colors as PwC’s new branding strategy, in addition to having a more lively, relaxed atmosphere in hopes that this would bring PwC Taiwan closer to cultural creative businesses.

Staying Abreast of Tax Reform in China – a key to success for Taiwanese firms

To help Taiwanese businesses get a better handle on key elements of China’s recent tax reforms and offer them guidance on designing an effective response strategy, PwC Taiwan teamed up with the Southern Taiwan Science Park Administration for a conference on ‘China’s 12th 5-year plan: the way forward for effective tax management.’ The 2 September event was noteworthy for its insightful discussion and analysis of related tax issues, as well as the thoughtful exchange of views among invited guests.

Starting the Engine: Forum looks at how the biomedical industry could drive a new ‘economic miracle’ for Taiwan

Research by PwC (Global) indicates that growth in the biomedical industry over the next decade will be fastest in the Asia-Pacific region, led by China and India. How will Taiwan’s biomedical industry respond to the forceful challenge this poses? PwC Taiwan, together with the Monte Jade Science and Technology Association Taiwan.....

PwC Taiwan Colleagues Queue for Successful Blood Drive

On 10 June, PwC Taiwan’s first blood drive of 2011 succeeded in collecting 158 units, 17 more than last year. That morning, a nurse armed with a megaphone went from floor to floor calling for volunteers and rousing colleagues’ enthusiasm for giving blood. Answering her call to ‘donate a unit, save a life,’ many colleagues got ready to roll up their sleeves.

CommonWealth Magazine’s “Beautiful Taiwan” Campaign

PwC Taiwan has long been devoted to corporate responsibility, especially in areas like promoting talent development and improving the environment for reading in Taiwan.

The man who would be biggest

Dennis Nally once tried to strengthen his golf swing by taking up Bikram yoga – also known as “hot yoga” as it involves performing 26 asanas (positions) over 90 minutes in 40°C heat. “Tremendous workout,” enthuses the chairman of PwC, the professional services firm. But he is no longer such a fan. “I found that you had a tendency to over-workout your muscles, which is not good.”

Latest guidance shows broader FATCA impact

The United States is expected to begin enforcing the Foreign Account Tax Compliance Act (FATCA) on 1 January 2013. The new law, intended to prevent U.S. taxpayers from evading taxes through offshore accounts, requires foreign financial institutions (FFI) to perform detailed checks of their accounts and report account holders’ names, addresses, taxpayer codes and other information capable of identifying U.S. accounts.

PwC Taiwan seminar considers the balance between the substantive taxation principle and taxpayer protection

PwC Taiwan joined National Taiwan University School of Law in hosting the ‘14th Cross-Strait Tax Law Seminar—the Substantive Taxation Principle and the Protection of Taxpayers’ Rights’ on 18 April 2011. Speakers at the seminar included Taiwan’s Deputy Finance Minister, William Tseng, the former president of the Judicial Yuan, Weng Yueh-sheng, Yuanta Financial Holding Co.

PwC Taiwan green project gets formal launch

On 10 April 2011, PwC Taiwan Chairman Albert Hsueh led nearly 60 colleagues on a ‘spring cultivation’ activity in which the team planted 120 saplings in National Taiwan University’s Nantou County Experimental Forest. This follows on PwC Taiwan’s 2009 planting of 100 trees, also in cooperation with NTU Experimental Forest.

Seminar puts focus on compensation committees

PwC Taiwan held a ‘Compensation Committee Seminar’ on 22 March 2011 at the Taipei International Convention Center. The seminar offered incisive analysis and advice on audit committees and related trends, strategies and consequences.

Synnex CEO Evans Tu shares his management philosophy at 2011 PwC Forum

At PwC Taiwan’s ‘2011 PwC Forum’ on 12 April, Synnex Tech Intl. Corp. President and CEO Evans Tu presented a two-hour lecture on ‘Behind operations management.’ Nearly 200 senior executives, like Etron Technology Chairman Nicky Lu, turned out in person to hear Evans Tu expound on his management philosophy.

Taiwanese firms upbeat about future prospects

Improved relations between Taiwan and China have buoyed Taiwan’s economic outlook over the past two years and given the local stockmarket an important boost as the number of companies preparing to list on Taiwan Stock Exchange steadily increases.

Banks urged to prepare for stricter rules protecting customer data

PwC Legal (Taiwan) hosted a 4-day forum in March 2011 to study issues raised by Taiwan’s Personal Data Protection Act, or PDPA, which is to replace the current Computer-Processed Personal Data Protection Law. The forum was held in Taipei and the focus was on how new provisions enacted in 2010 would impact the banking industry when they ultimately go into effect.

Delaware = tax haven? PwC Taiwan dispels the myth

Many corporations have set up holding companies in the US state of Delaware as part of their international tax planning schemes, causing Delaware to be placed high in the ranks of internationally infamous tax havens. Many countries have announced that they do not welcome investment from tax havens, but Delaware is not in fact the equivalent of a tax haven, as some have claimed.

Local financial institutions could be hit hard by “Foreign Account Tax Compliance Act” rules

New legislation effective from January 2013 will give the IRS powerful tools to pursue U.S. taxpayers sheltering assets in overseas accounts. At a recent press briefing, PwC Taiwan tax and financial experts alerted Taiwan’s financial institutions and potential taxpayers to the new rules’ sweeping impact beyond U.S. shores.

At cultural and creative industries expo, PwC focuses on financial, tax and legal issues

On November 11, the curtain rose on Taiwan’s first-ever International Cultural and Creative Industry Expo, which was billed as the event of the year for Taiwan’s cultural and creative industries. PwC Taiwan set up a special consultation area within the expo’s media section to field tax and legal inquiries from industry participants and offer its assistance to these developing industries.

IFRS conversion can raise corporate value

Conversion to International Financial Reporting Standards (IFRS) has become an important path for Taiwanese companies to align themselves with international norms. In addition to a change of accounting standards, full IFRS adoption should also involve upgrading business processes and systems.

Avoid direct rivalry with Chinese banks

Taiwanese banks wishing to venture into China should find niches in small and medium-sized enterprises (SMEs), rural banking and wealth management, avoiding neck-to-neck competition with Chinese competitors, a survey of China-based foreign banks showed yesterday.

Tax Awards to PricewaterhouseCoopers

2008 marked a successful year with awards from various leading publications that are each revered within their own respective industries. The Asian Investor was pleased to announce the winners of its 2008 Service Provider Awards by honoring PricewaterhouseCoopers in the Asia region (including the Taiwan team) for recognizing our service excellence in providing advisory and tax services to the investment funds and institutional investment industry.

PwC Taiwan Chooses Influence over Being Nominally Biggest

In recent years, three of the big accounting firms in Taiwan - KPMG, Deloitte and E&Y - have expanded through mergers and alliances. Only second-biggest PricewaterhouseCoopers Taiwan, in its over 30 years of existence, has continued to stand "firm as a rock"......

FOREIGN BANK REVENUE IN CHINA IS EXPECTED TO GROW AT LEAST 20 PERCENT THIS YEAR By 2010, Foreign Bank Assets are Predicted to Double to More Than US$100 Billion

The business of foreign banks in China is booming as the Chinese middle-class takes root, foreign investment in the industry soars and China's regulatory environment governing the sector continues to open up under World Trade Organisation rules, according to a recent survey from PricewaterhouseCoopers (PwC), the world's largest professional services firm.

What do the world's largest companies say about themselves? A new PricewaterhouseCoopers survey of narrative reporting practice

Primary communications of financial condition and performance from large companies typically include both financial statements and narrative discussion. But what do those narratives actually communicate? Are companies meeting the information needs of investors - a priority audience for these strategic communications?