KPMG provides the asset management arm of one of the world's largest financial services companies with tax guidance regarding its presence in the People's Republic of China
Global clients need local support. One of the world’s largest financial services companies has worked with KPMG LLP (KPMG) for a remarkable seven decades—across geographic markets, functional specialties, divisional lines and assignment types. This time, the company’s asset management arm asked for tax guidance in the People’s Republic of China (PRC), where rapid deregulation has opened new opportunities for foreign firms.
We assembled tax specialists from KPMG International’s network of member firms around the world to help the company navigate a series of important decisions about its PRC presence. Our tax advisers helped the company achieve clarity in a quickly changing marketplace.
With KPMG’s help, the company has gained the tax-regulation guidance it needs to support potential expansion in China. Specific benefits include:
Leveraging the understanding of the client gained in almost 70 years of work together, KPMG combined specialized China and a global tax perspective from KPMG International’s network of member firms to help its client navigate a complex, rapidly evolving PRC tax environment. KPMG:
For organizations that face compliance demands from multiple regulatory authorities, we provide leading compliance practices, while helping them build the anticipatory capabilities they need for “regulatory change as the new normal.”
Decades of tax advisory work gives us the global and regional insight to address specialized issues such as cross-border tax planning, on-shore and off-shore entities, VAT, corporate income tax, and repatriation of financial assets or profits.
As their priorities change, KPMG is built to quickly and flexibly deliver service teams and advice to support them, wherever needed.