SESSION 1: KEYNOTE SPEECH: GLOBAL UNCERTAINTIES AND THEIR RIPPLE EFFECTS ON HONG KONG BUSINESSES
The global landscape has been rapidly shifting. With Trump returning to power in January, tensions between the US and China have become a focal point, with the US potentially enacting a ‘Tax Reform 2.0’ and increasing tariffs on China. International conflicts, such as the Russia-Ukraine war and the Middle East crisis, have further exacerbated geopolitical uncertainties, leading to heightened investor risk aversion and volatility in energy markets. In response to these geopolitical and cost factors, companies are looking to mitigate risks and reduce costs by diversifying their supply chains, rather than relying on a single source. How will these geopolitical and external factors affect local businesses and multinational corporations in Hong Kong?
SESSION 2: FIRESIDE CHAT WITH CIR: LATEST TAX DEVELOPMENT FOR A BETTER HONG KONG
Amid an unpredictable global environment and the complexities introduced by ongoing tax reforms including the OECD-led initiatives, Benjamin Chan, the Commissioner of Inland Revenue, will provide an overview of the latest tax developments in Hong Kong. This conversation will explore how Hong Kong’s tax policies and strategies can contribute to the city’s competitiveness in this ever-changing business landscape.
SESSION 3: PANEL DISCUSSION: MITIGATING RISKS IN CROSS-BORDER TAX DISPUTES
In this rapidly evolving business environment, effective risk management and the avoidance of double taxation are critical to enhancing corporate competitiveness. For businesses operating in both Hong Kong and mainland China, careful consideration of transfer pricing regulations and the potential designation as a permanent establishment is essential, as such a status may trigger tax liabilities in both jurisdictions.
This panel discussion will explore the latest trends in tax disputes in Hong Kong and mainland China. We will focus on how mutual agreement procedures and other tax strategies can help businesses mitigate issues such as double taxation and transfer pricing disputes, fostering a more efficient and compliant cross-border operational framework.
SESSION 4: PANEL DISCUSSION: TAX CONSIDERATIONS AND STRATEGIES IN SUPPLY CHAIN RESTRUCTURING
To stay ahead in the market, multinational corporations often consider restructuring their supply chains and operations. This process can bring numerous benefits, including improved cost efficiency, better risk mitigation in the face of rising geopolitical tensions, and the ability to adapt to changing market conditions. However, restructuring is a highly complex process that requires strategic decision-making, extensive research, and compliance with a range of global and local regulations, including tax and legal considerations.
This panel discussion will explore the key tax considerations involved in the restructuring of international business supply chains. Topics will include transfer pricing, profit allocation, tariffs, and corporate tax issues, all of which play a crucial role in ensuring legal compliance, minimising tax risks, and optimising operational efficiency.
