Tax lawlessness in an e-commerce land

E-commerce has bored holes in existing domestic and international tax laws. Just what are the issues for treasurers?

Of critical importance to a treasurer of a multi-national corporation MNC is the ability to manage cash flows across a multitude of currencies, countries, and time zones. Using a number of techniques such as netting, pooling and sweeping, a treasurer is able to consolidate, deal with shortfalls and excesses, and take advantage of differing regulatory and tax environments throughout Asia. But recent economic turmoil has forced many Asian governments in Asia to review their tax and regulatory systems, and the goal posts have shifted once again. Looking ahead, the potential e-transformation of treasury has also thrown up a new set of considerations for the MNC treasurer. As a result, though not the sexiest thing to...

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