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Riding on the momentum to move backwards
October 28 2020

Riding on the momentum to move backwards

In confirming recently that UK Chancellor Rishi Sunak's Autumn Budget had been cancelled, his office issued a statement saying: "…now is not the right time to outline long-term plans - people want to see us focused on the here and now". Locally, Deputy Prime Minister Heng Swee Keat similarly sent a clear signal to anyone who might still be harbouring misguided hopes of expansive fiscal measures, by emphasising in his Facebook post on Oct 3, 2020 that "…there will not be a new round of support measures".

Tax Budget LCBR International Tax

SEPTEMBER

September 30 2020

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

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.”

Tax Covid-19 New Normal

AUGUST

August 21 2020

Covid-19: Is Market Approach Valuation Relevant During Uncertain Times?

The economic turmoil caused by the Covid-19 pandemic has revived memories of the global financial crisis (“GFC”) associated with global stock market crash, recession, central bank and government’s intervention. With the benefit of hindsight, the GFC persisted almost 2 years with global stock markets recovering in the long run...

Covid-19 Valuation Economy Market Outlook
August 06 2020

Covid-19: Private Equity Portfolio Valuation Considerations

Covid-19 continues to extract significant healthcare and economic cost globally. Private equity investors have been impacted in many ways. Given the heightened uncertainty in the market, general partners have shifted their focus from making new investments to stabilising their portfolios. Understanding how the value of their portfolio companies have changed due to Covid-19 is a key aspect of managing the risk and return of their portfolios.

covid-19 portfolio valuation Private Equity Venture Capital Valuation

JULY

July 27 2020

Jobs Support Scheme: Boon for businesses or bane for beancounters?

The Jobs Support Scheme (JSS) is meant to help enterprises retain their local employees during this period of grave economic uncertainty, by way of the Government providing cash subsidies to co-fund between

covid-19 Jobs Support Scheme Tax Accounting

JUNE

June 19 2020

Covid-19: Conducting financial due diligence in light of the global pandemic

Mergers and acquisitions (“M&A”) transactions across the world have slowed down significantly as the COVID-19 crisis continues to persist. According to Refinitiv data, global M&A activities plunged 28% in the first quarter to its lowest level since 2016...

covid-19 Financial Due Diligence Deal Advisory M&A
June 02 2020

Covid-19: IVSC's valuation guidance during market uncertainty

The International Valuation Standards Council’s (“IVSC”)^ Technical Boards issued a special letter in March 2020 providing guidance on conducting valuation under uncertain times, given the impact of Covid-19 on businesses and in particular on valuations.

covid-19 Valuation IVSC

MAY

May 26 2020

Using an AAA battery model to power us along

Last week, my op-ed "Settling the (tax) score after the fall" (BT, May 22) described how a theme of vengeance could end up hurting many taxpayers especially if they slacken in their tax affairs during these trying times. Some have told me that the tone of the article was "scary" even if it represents some "hard truths" in the world of taxation. As we prepare to exit the circuit breaker, here is a more benign piece aimed at spreading positive vibes especially in the tax field...

COVID-19 Tax Business Support Measures Circuit Breaker Fortitude Budget Singapore Budget
May 22 2020

Settling the (tax) score after the fall

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.

Tax COVID-19 World Business
May 21 2020

Recession, job losses among WEF's top worries

The Covid-19 Risks Outlook report issued by the World Economic Forum (WEF) highlighted the key concerns by top risk professionals as prolonged recession, job losses, protectionism and another outbreak of infectious diseases. It also reported that cyber-attacks, data fraud, the breakdown of IT infrastructure, geopolitical disruptions and tighter curbs on the movement of people and goods are keeping senior leaders up at night.

covid-19 Economy World Business Enterprise Risk Management
May 19 2020

Singapore: COVID-19 Support Measures

While we are still in the extended Circuit Breaker period, which is anticipated to end on 1 June 2020, businesses and individuals may want to review their respective positions to ensure they are not missing out on the support measures that have been announced by the Singapore Government in the past few months.

covid-19 Singapore Support Measures Circuit Breaker
May 18 2020

A GST Perspective: COVID-19 and Potential Opportunities to Optimise Cashflow

More than three million people worldwide have been infected with COVID-19 and the number of confirmed cases in Singapore have crossed the 20,000 mark as at the beginning of May 2020. The circuit-breaker period has been extended to 1 June 2020 and tighter circuit breaker measures such as closing of more workplaces were also implemented to curb the spread.

covid-19 Singapore Circuit Breaker GST Cashflow

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