Hong Kong tackles base erosion and profit shifting

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. What is the purpose of the BEPS bill?

  2. Which of these is not part of the proposed bill?

  3. What might the arm's length principle be?

  4. Which of these things is not subject to the transfer pricing tax under the bill in relation to personal tax?

  5. What is an 'associated person'?

  6. What will the country-by-country reporting contain?

  7. Who is required to file CbCR?

  8. What might those working in intellectual property need to do?

  9. Why might companies want to review their operational structure?

  10. When do the rules take effect?