Suggested Reading:

Chad Madden Cpa 7Ybyq3o Unsplash Edited Lowres

DURING the violent Hong Kong protests, a Financial Times article (assertively titled "Beijing will have its revenge on Hong Kong") referenced the Chinese phrase qiu hou suan zhang, in concluding that vengeance by the Chinese government will be forthcoming even if the questions of when and how remain unclear.

Settling the (tax) score after the fall
Wednesday, September 30, 2020

Today’s Taxes, Yesterday’s Terms: Reimagining Old Concepts To Understand a New Normal

 

By: Loh Eng Kiat, Partner & Practice Leader, Tax Baker Tilly Singapore_LinkedIn_Partner_Adrian Cheow_Deal Advisory
First published in the Tax Notes International, July 27, 2020, p. 513.

 

Some have boldly predicted the death of the physical office, but anecdotal evidence tells me another corporate creation is set to thrive, perhaps more than ever: business jargon. Wikipedia includes the word “reimagine” on its “list of common buzzwords which form part of the jargon of corporate, academic, government, and everyday work and social environments.”

 

As many of us in Singapore seek to return to normal life, we can “leverage” our “core competencies” to handle this “paradigm shift,” sometimes by “taking a step back.” Just as some long-standing practices like quarantining — which, according to the Centers for Disease Control and Prevention, began during the 14th century as a way to protect coastal cities from plague outbreaks^ — have been revived during these extraordinary times, I think some very old ideas can help us grapple with several modern happenings in the tax world [...]

 

Download Today’s Taxes, Yesterday’s Terms: Reimagining Old Concepts To Understand a New Normal:

Today’s Taxes, Yesterday’s Terms: Reimagining Old Concepts To Understand a New Normal

>> Back to Baker Tilly Singapore Coronavirus Resource Hub>> Main Page

 

^Centers for Disease Control and Prevention, “History of Quarantine” (Jan. 10, 2012).

 

DISCLAIMER: All opinions, conclusions, or recommendations in this article are reasonably held by Baker Tilly at the time of compilation but are subject to change without notice to you. Whilst every effort has been made to ensure the accuracy of the contents in this article, the information in this article is not designed to address any particular circumstance, individual or entity. Users should not act upon it without seeking professional advice relevant to the particular situation. We will not accept liability for any loss or damage suffered by any person directly or indirectly through reliance upon the information contained in this article.

Cookie Disclaimer