1 / 16

Professional Services

www.pwc.com. Professional Services. Growing international services, trade and investment. Jeremy Thorpe Partner, Economics and Policy. Demand for mobility comes from business. The war for talent is global

bud
Download Presentation

Professional Services

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. www.pwc.com Professional Services Growing international services, trade and investment Jeremy Thorpe Partner, Economics and Policy

  2. Demand for mobility comes from business • The war for talent is global • 97% of CEOs in PwC’s annual global CEO survey say that having the right talent is the most critical factor for their business growth • International clients demanding continuity • Expectation to bring global talent to solve problems in a timely manner

  3. Millennials want to work outside their home country during their careers

  4. Increasing overseas assignment • “Our data reveals that assignee levels have increased by 25% over the last decade; we predict a further 50% growth in assignments by 2020. There will be more assignees, more business travel, more virtual tools, and especially more quick, short- term, and commuter assignments.”

  5. Companies are hosting assignees in more countries than ever before Source: PwC international mobility database—sample 900 companies

  6. Challenges • Tax issues remain the primary challenge when considering how to enter new markets • Location of entity • Capital gain tax treatment • FIRB can restrict on expansion in joint venture models • Taxation of individuals can be challenging • Pressure on the visa system to operate efficiently

  7. The OECD’s Service Trade Restrictiveness Index (STRI) is a positive step to understanding reform priorities • Process for the STRI’s composition • Observation of policies • Foreign ownership and market entry • Movement of people • Discriminatory measures • Price controls • Barriers to competition • Regulatory transparency and licensing • Assigning (binary numbers to policies) • Weighting observations • Foreign ownership and market entry - 40% • Movement of people - 22.5% • Discriminatory measures – 15% • Price controls - 7.5% • Barriers to competition – 10% • Regulatory transparency and licensing – 5% • Aggregation What would you like to grow? 8

  8. STRI for professional services

  9. STRI by profession

  10. Professional Services STRI by category of restrictions

  11. Professional Services STRI according to the GATS framework

  12. The STRI is not well linked to concept of ‘modes of supply’ • There are policy measures that apply explicitly to: • commercial presence (mode 3), or • movement of natural persons (mode 4) • There are no measures in the regulatory database that apply exclusively to cross-border supply (mode 1) or consumption abroad (mode 2) • Therefore, the modes of supply are divided into mode 3, mode 4 and regulations that apply to all four modes. What would you like to grow? 13

  13. Professional Services STRI according to the GATS framework

  14. Professional Services STRI by point of restriction

  15. Jeremy Thorpe Partner PwC Ph: 02 8266 3730 What would you like to grow?

More Related