March « 2011 « marcusevans-finance

Archive for March, 2011

Marcus Evans Scam Issues

It has recently been brought to our attention that there are companies masquerading as Marcus Evans scam and individuals purporting to work for the company despite having no formal connection whatsoever with the company.

We cannot stress too strongly that we go to great lengths to protect the company’s reputation which has been built up over many years and will pursue this kind of scamming with the full force of the law.

We would also very much appreciate hearing from any organisation or individual who has been a victim of such scamming as this will assist us in tracking down the perpetrators and ensuring that they are brought to book.

We employ very experienced legal advisors who are able to deal with such scamming cases extremely effectively and anyone engaging in this kind of masquerading activity needs to be aware that we shall pursue such cases with the full force of the law and will seek substantial costs and damages from successful litigation.

If you wish to contact us regarding a suspected instance of scamming associated with the Marcus Evans name, please contact – danielleu@marcuscusevansuk.com

European Tax Summit 2011


Ballentine Barbera Group: Minimising Transfer Pricing Costs







 

Gerben Weistra from the Ballentine Barbera Group, a consulting firm attending the marcus evans European Tax Summit 2011, discusses the latest developments in transfer pricing.


Interview with: Gerben Weistra, Vice President & member of the Transfer Pricing Practice, the Ballentine Barbera Group, a Charles River Associates Company



FOR IMMEDIATE RELEASE


Transfer pricing costs can be reduced by thinking about the organisation’s policy in advance and how it will be applied, and by centralising access to documentation,” says Gerben Weistra, Vice President & member of the Transfer Pricing Practice, the Ballentine Barbera Group, a Charles River Associates Company. Often, when organisations are confronted with transfer pricing questions, it is difficult to find all the relevant information. Attending the marcus evans European Tax Summit 2011, in Montreux, Switzerland, 13 – 15 March, Weistra highlights the latest developments in transfer pricing, tax planning and how to minimise transfer pricing costs.


What is the latest on transfer pricing? What should tax directors be aware of?


Gerben Weistra: There is an increased emphasis on some of the difficult areas of transfer pricing, specifically intellectual property. The OECD is currently performing a review of this topic and since the discussion is in the public domain, everyone, including tax advisors, tax directors and tax authorities, is forming an opinion. This could be good, however, the OECD is not issuing further guidance until 2013 which could cause uncertainty in certain areas until that time. Tax authorities are also increasingly focused on high value intercompany services.


Transfer pricing remains the single most important international tax issue, with a lot of emphasis on compliance and documentation. This is not necessarily technically difficult, but it is time-consuming and costly for companies.


How can tax directors minimise transfer pricing costs?


Gerben Weistra: Transfer pricing can become less costly if organisations think in advance about their transfer pricing policy and how they would like to apply it. How exactly to proceed depends on an organisation’s structure and activities. Unfortunately there is no “one size fits all” approach.


Some companies have decentralised their international tax work and compliance to some extent. Since transfer pricing rules are quite similar around the world (if not identical in certain countries), there may be several individuals in an organisation looking at the same transaction. A timely and well-reasoned policy combined with a more centralised approach to documentation can save companies a lot of money.


What best practices for developing transfer pricing strategies would you recommend?


Gerben Weistra: The most important element for a tax director is to develop a comprehensive transfer pricing policy and verify that the tax department is fulfilling all the needs and obligations of that policy. From a Chief Financial Officer’s perspective, this is often a risk management question, looking at possible controversy and adjustment risks. If you ask a lawyer who has to defend an issue, it is about having all relevant documentation to take to court. To a large extent, all this depends on the business and the complexity of transactions. The best strategy is to think about possible issues ahead of time and design the compliance strategy accordingly.


What message would you like readers to gain out of this interview?


Gerben Weistra: Do not panic! Transfer pricing issues can be addressed, but the bottom line is that organisations have to make sure they have the right people internally and work with the right specialists to support all of their issues. It can be complex, but it is absolutely possible. Some people see transfer pricing as an impenetrable black box, but it is not.



Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager
marcus evans, Summits Division
Tel: + 357 22 849 313
Email:
press@marcusevanscy.com



About the European Tax Summit 2011


This unique forum will take place at the Fairmont Le Montreux Palace, Montreux, Switzerland, 13 – 15 March 2011. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on archiving essential tax documentation, boosting departmental efficiency with limited resources, and searching out favourable tax regimes.


For more information please send an email to info@marcusevanscy.com or visit the event website at www.taxsummit.com


marcus evans group – finance/insurance sector portal


Please note that the summit is a closed business event and the number of participants strictly limited.


About marcus evans summits


marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings. For more information, please visit www.marcusevans.com
 
About Ballentine Barbera Group


Charles River Associates is a leading global provider of economic and financial expertise and management consulting services.  The experts at The Ballentine Barbera Group, a Charles River Associates company, combine a wealth of experience and expertise to offer a full range of transfer pricing and valuation services.  From North America, throughout Europe, and Asia, CRA offers top-quality economic analysis and world class expertise to companies in a wide variety of industries.


www.crai.com/transferpricing



All rights reserved. The above content may be republished or reproduced – kindly inform us by sending an email to press@marcusevanscy.com

CFO Summit 2011

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CFO Summit 2011


Austrade: CFOs at the Helm of Organisational Growth








 



 

Tim Hartcourt, a speaker at the marcus evans CFO Summit 2011, on the unique role CFOs can play in organisational growth.

Interview with: Tim Harcourt, Chief Economist, Austrade & Published Author


 



 



 


 


 



FOR IMMEDIATE RELEASE


“It is an exciting time for us to take advantage of opportunities in the global economy, given some of the shifts we are experiencing. The Chief Financial Officer (CFO) plays a very important role in mitigating risks, whilst also ensuring the organisation takes advantage of growth opportunities,” says Tim Harcourt, Chief Economist, Austrade. A speaker at the marcus evans CFO Summit 2011, taking place on the Gold Coast, Australia, 6 – 8 March, Harcourt discusses the key concepts in his book “The Airport Economist” and how CFOs can utilise their position to lead their organisations to growth and success.


What are the key concepts discussed in your book “The Airport Economist”, and how do they apply to CFOs?


Tim Harcourt: My book is about what is unusual in each economy and what opportunities they present. For example, Singapore has many engineers and fund managers, but not enough ballet dancers or poets.


What this means for CFOs is that they need to have a global perspective to lead their organisations to growth and success. We live in a world where emerging markets are becoming very strong and we have been through a pretty deep financial shock. More CFOs should look at these global economic shifts, be wary of changes and have a good global big picture. The CFO is the link in the organisation between big picture strategies and vision, and corporate governance and financial risk management. Recent events have shown that we were good at looking at growth and expansion prospect, but we took our eye off the ball when it came to taking risks.


What are some of the opportunities available to CFOs right now?


Tim Harcourt: CFOs could look towards China, India and Brazil. Some of the imbalances I see in the world economy today are with the US having too many shoppers and not enough shippers, and China the opposite of that. It is also important for CFOs to look at demographic changes when considering where the opportunities might be.


What is your outlook for the next few years? What should CFOs prepare for?


Tim Harcourt: I would be very conscious of climatic changes and the risks they may present to the business. It is an exciting time for going global, but CFOs need to ensure they have a good handle on risks. Whilst they cannot predict natural disasters, the CFO plays a very important role in mitigating risks and ensuring the organisation takes advantage of growth opportunities. In a volatile environment, the CFO has a key position in the company. There are plenty of executives looking at expansion opportunities, but the CFO is the only person in the organisation who can also closely monitor risks, ensure the ship is steered in the right direction and avoid icebergs.



Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager
marcus evans, Summits Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com




About the CFO Summit 2011


This unique forum will take place at RACV Royal Pines Resort, Gold Coast, Queensland, Australia, 6 – 8 March 2011. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The summit includes presentations on technological innovation, astute leadership, the impact of climate change on finance and improved finance strategies.


For more information please send an email to info@marcusevanscy.com or visit the event website


marcus evans group – finance/insurance sector portal


Please note that the summit is a closed business event and the number of participants strictly limited.



About marcus evans Summits


marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings. For more information, please visit www.marcusevans.com



All rights reserved. The above content may be republished or reproduced – kindly inform us by sending an email to press@marcusevanscy.com