Virtual Seminar: Transfer Pricing & Credit Risk with BDO & BNZ

Virtual Seminar: Transfer Pricing & Credit Risk with BDO & BNZ

Virtual Seminar: Transfer Pricing & Credit Risk with BDO & BNZ

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Learn how you can mitigate credit risk when dealing with international business.

With the world becoming a much smaller place, it’s easy for businesses to find themselves trading overseas without too much consideration. However, there are several complex tax issues which should be considered to ensure there are no adverse tax consequences or unexpected bills. Having a clear vision of how you will operate is key to getting the best structure in place, and it is important to review this regularly as things change as businesses evolve.

Hear from our Knowledge Partner, BDO, and Strategic Partner, BNZ, on how their support and offerings could help your business mitigate credit risk for dealing with international business.

Bronwen Chong, BDO – Tax Associate, will cover:

  • The tax implications for developing a permanent establishment within international jurisdictions,
  • Double tax agreements,
  • Advice to determine an appropriate “arm’s length” rate between cross-border related parties.

David Kirk, BNZ – International Trade Finance and Cashflow Solutions Specialist, will cover:

  • Establishing accounts overseas,
  • Funds remittance,
  • Securitizing arrangements,
  • Letters of credit, open account, and
  • Trade credit insurance.

Simon Graafhuis, Gallagher – Chief Financial Officer, will cover:

  • Personal transfer pricing and credit risk story, and
  • Elaborate on learnings from previous experiences.

The presenters will include practical examples and conclude with a Q&A session.

Facilitator:

Jason Reeves

Head of Export Business Development, BNZ

Jason Reeves leads the BNZ’s engagement with the export sector, a strategic growth focus for the bank assisted by a nationwide cohort of export/trade conversant bankers. In addition, he serves as Vice Chair of the Japan New Zealand Business Council. Prior to joining the BNZ, Jason was employed by New Zealand Trade & Enterprise (NZTE) and held the position of New Zealand Trade Commissioner to Japan based in Tokyo. Before joining NZTE, Jason spent eight years at Fonterra holding management positions in the Supply Chain and Global Sales Division with a focus on the Asia Pacific region. Jason’s passion at the BNZ is supporting business to land, launch and grow in international markets through the combination of capability, connections, and capital.

Panelists:

Bronwen Chong

Tax Associate, BDO

Bronwen is a tax specialist at BDO Auckland’s CBD office, specialising in corporate tax. Her key focus areas include:

  • Advising on the tax implications of business expansion, including inbound and outbound investments.
  • International tax issues; such as transfer pricing planning and profit repatriation.
  • New Zealand tax issues relating to property transactions, asset protection, Inland Revenue investigations and dispute resolution.

Bronwen started her tax career in a Big Four firm, specialising in New Zealand’s entrepreneur market and overseas multinationals. Bronwen has been with BDO Auckland for over ten years.

David Kirk

Trade Specialist, BNZ

David is a BNZ International Trade & Working Capital Specialist, he specialises in helping business unlock working capital, manage trade, and supply chain risk and improving customer and supplier relationships. David has been working within the finance industry for 15 years and has experience in a range of segments, working with clients from multinational corporates to small businesses.

Simon Graafhuis

CFO, Gallagher

Simon has been with Gallaghers as CFO since 2008. Previously a brief stint at LIC and Financial Controller and Fonterra (and NZ Dairy Group) for 12 years experience in finance roles, system implementations and organizational change. His key objective is to deliver financial solutions in a way the business will understand the complete picture and ultimately drive the right behavior. Simon is currently Interim Chair for the Chiefs Rugby Club, and a Ministerial Appointee to University of Waikato Council. Attendees at recent ExportNZ events will also know of his involvement in a start up with Bootleg Brewery in Matangi.

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