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The Italian Chamber of Commerce in Hong Kong and Macao, in collaboration with Deloitte AP ICE Limited, is pleased to present the insightful Breakfast Briefing: Cash repatriation from China: tax landscape and cash optimization mechanism, at the ICC Office, on Thursday, September 7, from 8:30 am to 10 am.
China's outbound direct investment grew steadily in 2022 despite external headwinds and is expected to accelerate this year with various stimulation measures from governments. While the European Union ("EU"), a critical trade partner of China, has attracted strong interest in Chinese investment, Chinese companies must plan to address the challenges of local tax compliance, new rule change, profit allocation and cash repatriation, and HQ tax management in the context of global tax reform. Queries about Chinese companies investing offshore have been constantly received, among which tax is a hot and major concerned topic. During the webcast, we will discuss cash repatriation mechanisms from China and group's treasury optimization (i.e. group cash pooling).
The event will also include a Q&A session, do not miss this inspiring Breakfast Briefing and share your thoughts with others over a light breakfast.
Tickets are limited and available on a first-come-first-served basis. Register now!
Kindly note the following:
- Limited seats are available, RSVP to secure your place. Once payment is received, consider your booking confirmed unless otherwise notified.
- Cancellations must be provided in writing to: icc@icc.org.hk 5 days before the event. No shows will be charged.
- By attending this event, you agree to be photographed, recorded, and/or filmed.
- The event will be rescheduled or canceled if there is a Typhoon 8 (or above) or Black Rainstorm Signal.
For further information, please email icc@icc.org.hk.
Speakers
Stefano
Lavore
Tax Director of Deloitte AP ICE
Stefano is a tax director with more than 10 years of transfer pricing and international tax experience. He joined Deloitte in 2015 and has served a wide range of Italian based multinationals, as well as foreign-owned multinationals.
Stefano obtained a degree in tax law from the Bocconi University, Milan. He is a member of the Italian Institute of Chartered Tax Advisors (Dottore Commercialista).
Stefano has been in charge for transfer pricing and international tax projects in a wide range of industries, such as health care, technology, energy and financial. He has gained relevant experience on various transfer pricing and international tax aspects, including group reorganization, cash repatriation, permanent establishment, transfer pricing documentation, extraordinary operations and due diligence activities.
He has cooperated in a number of transfer pricing defense projects, APA procedures and Patent Box procedures.
Francesco
Vitali
Partner - Italy Tax Services at Deloitte AP ICE
Francesco is a senior manager with ten years of experience in tax consulting within Deloitte in Italy and Hong Kong. He started working at Deloitte’s Genoa office in 2006. His main areas of expertise are auditing, accounting, budget analysis, and due diligence.
In 2015, he moved to Hong Kong to join Deloitte Italy’s China Desk. He now focuses on supporting Italian Companies that have invested or are willing to invest in Asia-Pacific to address their most pressing tax issues. His tasks range from dealing with tax rules in the different Asia-Pacific jurisdictions to set up the most appropriate tax structure in order to maximize the rate of return for his clients, based mainly in Hong Kong and Mainland China.
