We want to keep the momentum of the Branch activities to bring members closer. The Branch has been holding an event every month and plans are made all the way to July. Education continues to be our main thrust as we plan our calendar, but not forgetting fun events for networking purpose.
We celebrated the Lunar new year with our traditional “lo hei” networking event. The next networking event will be on 27 May. We invite members to find out more about STEP Advanced Certificate in Family Business Advising. This course will be conducted here in Singapore in November. You can learn out more about the course at the event from Ken McCracken, the lead author of the course.
Around the theme of tax compliance, which has been a flavor for many months now, we had a comprehensive analysis of Singapore’s first tax anti-avoidance case, AQQ v CIT, presented by S Sharma. It was interesting to read the Court of Appeal judgement on the case and the Court’s approach in applying Section 33 of the Income Tax Act. Around the globe, FATCA is being signed up rapidly, G5 is signing a pact to effect automatic exchange of information after 2015 and OECD’s BEPS recommendations are streaming out progressively. We have to stay tuned to this development to appreciate the challenges of the environment.
We are organising a symposium with Singapore Management University (SMU) on 26 May. This is an inaugural collaboration with SMU to discuss problems relating to investments, mental capacity and issues on Asian family succession.
Leading on to our AGM on 26 June, the Special Interest Group Business Families subcommittee will be organising its first seminar since its formation last September. There will be further information about this seminar in due course. The AGM will be followed by drinks, so mark your calendar for 26 June.
Goh Seow Chee
Chairperson, STEP (Singapore Branch), 2011-2014