Course Detail(E156 : Ethical Issues in Tax Compliance: A Deeper Dive into Tax Avoidance & Evasion Through Case Studies)

SDF Funding, SkillsFuture Credit

E156 : Ethical Issues in Tax Compliance: A Deeper Dive into Tax Avoidance & Evasion Through Case Studies

7.00 CPE Hours (Category 2)
Classroom


Programme Objective
 
According to FICO survey (2017), one in five banks in the Asia-Pacific region believes that tax evasion cases will surge 100 to 500% over last year’s levels.  In recent months, the industry has also shown certain interests in tax avoidance.  Against the heightened interests in tax-related crimes and issues, this programme aims to provide participants with a better understanding of tax crime typologies, the ethical & grey issues arising from a compliance perspective.
 

Programme Outline

 

  • Concepts: -
    • Tax Evasion and Tax Avoidance.
    • Ramsay Principle.
    • Permanent Establishment.
    • Understand what is the Dual Criminality requirements.
    • Ethical Principles and Issues
    • Reasonable Suspicion.
  • International Perspectives: -
    • International tax avoidance techniques and features.
    • Tax havens and multinational companies.
    • Recent cases e.g. Chevron, etc.
    • The new United Kingdom corporate criminal offences of failure in relation to the prevention of tax evasion.
    • Understand the impact of the legislation.
    • What are the new offences?
    • Ethical duties of: -
    • Tax advisors / Wealth Planners
    • Lawyers
    • Accountants
    • Cryptocurrencies and Tax Evasion
  • The Singapore Perspectives: -
    • The Anti-Tax Crimes Regime.
    • Developments after Comptroller of Income Tax v AQQ [2014].
    • Review of the tax evasion cases in Singapore.
  • Selected Case Laws in Hong Kong and China
    • Ngai Lik Electronics Co
  • Practical Hands-on Case Studies (2 simulated cases)

 
Training Methodology

The session will be case-study centric with lectures, group discussions and practical exercises.
 
Closing Date for Registration
 
1 week before programme or until full enrolment

 

Intended For

This intermediate level programme is intended for Accountants, Auditors and Tax professionals. This programme is also meant for Compliance Officers and/or AML Investigators working in Financial Institutions who are involved in the review and investigation of tax-related cases; and assessment of enterprise-wide risk assessment to tax risks and illicit tax-related funds flow. Regulatory Enforcement Officers, or professionals who are interested in the various tax evasion and avoidance typologies will find this programme useful.

Competency Mapping

Category 2 = 7.00 Hours

Schedule & Fees

Date & Time

22 Oct 2021 (9:00 AM - 5:00 PM)

Registration is closed

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Chen Jee Meng

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

03 Dec 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Chen Jee Meng

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

18 Mar 2022 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Chen Jee Meng

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

19 Mar 2021 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Chen Jee Meng

Date & Time

11 Dec 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Chen Jee Meng

Date & Time

23 Oct 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Chen Jee Meng

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 26 Jun 2023
Course Reference Number: TGS-2019504121

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees. 

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 

Funding Period: Until 26 Jun 2023
Funded Hours: 7 hours
Course Reference Number: TGS-2019504121

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     

 

For course run start date before 1 Nov 2020, submit training grant application in SCN until 30 Nov 2020.

For course run start date on or after 1 Nov 2020, Enterprises/employers are NOT required to log into TPGateway/SCN to submit training grant.

Remarks

Step 2: After receiving email that the programme status is confirmed, please proceed to submit the Training Grant application via SkillsConnect Portal (https://www.skillsconnect.gov.sg/).

Employers of company-sponsored participants must submit training grant via SkillsConnect to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date.

The employee’s enrolment, attendance and assessment recordswill be submitted by ISCA onto TPGateway.


Please note that there will be an administrative fee of $42.80 for any revision of invoice.

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

Programme Facilitator(s)


Chen Jee Meng
Director, Money Laundering Reporting Officer
Commerzbank AG Singapore Branch
 
Jee Meng has more than 20 years of experience in the banking industry and had worked in various functions from front office, middle office to back office; spanning across retail and commercial banking; audit and risk control and in the last few years, the Compliance function.  Inside and outside work, Jee Meng’s hobby lies in investigations and financial crimes.  Jee Meng stumbled into investigation in Year 2000 and remains, as his profession and outside work interests.  His financial crimes interests included tax crimes, trade financial crimes, misuse of offshore and complex structures, etc.
 
Jee Meng is a writer of banking and finance articles, published articles in major publications such as The Business Times, The Risk Management Association, LCMonitor, DCInsight, Fraud Intelligence, International Compliance Association Journal, etc.
 
He is a guest speaker in major compliance-related conferences e.g. ACAMS, the Association of Banks Singapore, Compliance & Transparency Week, etc.  And since Year 2010, Jee Meng is also a Guest Tutor for the International Compliance Training Association (ICTA), Singapore, and an Editorial Board Member of the ICTA Journal as well.
 


Programme Objective
 
According to FICO survey (2017), one in five banks in the Asia-Pacific region believes that tax evasion cases will surge 100 to 500% over last year’s levels.  In recent months, the industry has also shown certain interests in tax avoidance.  Against the heightened interests in tax-related crimes and issues, this programme aims to provide participants with a better understanding of tax crime typologies, the ethical & grey issues arising from a compliance perspective.
 

Programme Outline

 

  • Concepts: -
    • Tax Evasion and Tax Avoidance.
    • Ramsay Principle.
    • Permanent Establishment.
    • Understand what is the Dual Criminality requirements.
    • Ethical Principles and Issues
    • Reasonable Suspicion.
  • International Perspectives: -
    • International tax avoidance techniques and features.
    • Tax havens and multinational companies.
    • Recent cases e.g. Chevron, etc.
    • The new United Kingdom corporate criminal offences of failure in relation to the prevention of tax evasion.
    • Understand the impact of the legislation.
    • What are the new offences?
    • Ethical duties of: -
    • Tax advisors / Wealth Planners
    • Lawyers
    • Accountants
    • Cryptocurrencies and Tax Evasion
  • The Singapore Perspectives: -
    • The Anti-Tax Crimes Regime.
    • Developments after Comptroller of Income Tax v AQQ [2014].
    • Review of the tax evasion cases in Singapore.
  • Selected Case Laws in Hong Kong and China
    • Ngai Lik Electronics Co
  • Practical Hands-on Case Studies (2 simulated cases)

 
Training Methodology

The session will be case-study centric with lectures, group discussions and practical exercises.
 
Closing Date for Registration
 
1 week before programme or until full enrolment

 

Intended For

This intermediate level programme is intended for Accountants, Auditors and Tax professionals. This programme is also meant for Compliance Officers and/or AML Investigators working in Financial Institutions who are involved in the review and investigation of tax-related cases; and assessment of enterprise-wide risk assessment to tax risks and illicit tax-related funds flow. Regulatory Enforcement Officers, or professionals who are interested in the various tax evasion and avoidance typologies will find this programme useful.

Competency Mapping

Category 2 = 7.00 Hours

Programme Facilitator(s)

Chen Jee Meng
Director, Money Laundering Reporting Officer
Commerzbank AG Singapore Branch
 
Jee Meng has more than 20 years of experience in the banking industry and had worked in various functions from front office, middle office to back office; spanning across retail and commercial banking; audit and risk control and in the last few years, the Compliance function.  Inside and outside work, Jee Meng’s hobby lies in investigations and financial crimes.  Jee Meng stumbled into investigation in Year 2000 and remains, as his profession and outside work interests.  His financial crimes interests included tax crimes, trade financial crimes, misuse of offshore and complex structures, etc.
 
Jee Meng is a writer of banking and finance articles, published articles in major publications such as The Business Times, The Risk Management Association, LCMonitor, DCInsight, Fraud Intelligence, International Compliance Association Journal, etc.
 
He is a guest speaker in major compliance-related conferences e.g. ACAMS, the Association of Banks Singapore, Compliance & Transparency Week, etc.  And since Year 2010, Jee Meng is also a Guest Tutor for the International Compliance Training Association (ICTA), Singapore, and an Editorial Board Member of the ICTA Journal as well.
 


Upcoming Schedule

Date & Time

03 Dec 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Chen Jee Meng

Venue

60 Cecil Street
ISCA House
Singapore 049709