With volatile currency swings and unpredictable stabilisation measures, treasurers in Asia-Pacific are increasingly turning to intercompany loans and hedging.
After latest news on OECD’s transfer pricing transparency initiative, treasury consultants warn that compliance burdens will dump a ‘mess’ on Asian RTCs.
The OECD has secured approval from the G20 to launch negotiations between governments on a multilateral instrument to implement tax treaty related transfer pricing measures.
Utilising subsidiaries’ cash at the group level has become vital as more Asian corporates move onto the international stage. Bank independence is viewed as the Holy Grail of treasury.
Apr 22, 2014
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