Li Ying is tax director – transfer pricing for North East Asia for Siemens, based in Beijing, and one of the speakers at International Tax Review’s Asia Tax Forum in Singapore in May. Here she talks about the issues that are taking up her time, how transfer pricing in Asia Pacific can be different to the rest of the world and the one change that would make her life easier.
The Russian government is targeting 2018 as the year when all companies in Russia will have to use international financial reporting standards (IFRS), a government minister has said.
A change to how companies account for US income taxes could be in the offing after the Financial Accounting Foundation (FAF) announced a post-implementation review of FAS 109, the financial accounting standard for income taxes in US Generally Accepted Accounting Principles (GAAP).
Companies in the UK, even if they are not tax resident, will have to certify that they have been tax compliant for the previous 10 years before they can compete for government contracts, under new proposals introduced today.
