Hanrick Curran is a member of the Alliott Group, a global association of independent accounting and legal firms which we invest time into to effectively support our clients with cross border business opportunities. Jamie Towers recently travelled to Kuala Lumpur to attend the Alliott Group’s Asia Pacific Conference.
Jamie is the Asia Pacific Chairman of the Alliott Group. Under his stewardship, this year there was a record attendance at the conference with over 30 professionals representing 13 countries actively engaged in the sessions. Conference topics included Cultural Differences of doing Cross Border Business and Doing business in Malaysia. Jamie also facilitated a session on Base Erosion and Profit Shifting (BEPS) and explored what different countries are doing to prevent multinational tax avoidance. It seems Australia is leading the way in this area with some of the toughest laws in the world either already imposed or in the process of being introduced.
An interesting analogy was raised during the ‘Cultural Differences’ session that we’d like to share:
“Humans are like computers. The hardware is often similar, but the software is different, making communication and understanding more difficult. Have you ever tried ‘pairing’ an Apple iphone with an Android device to share files? It is extremely difficult. However, sharing files can be achieved by different means (such as email, or social media platforms). International business can be similar. You need to understand and recognise that there are cultural differences and find a common ground to move forward.”
The Asia Pacific Conference was preceded by an Alliott Group Board Meeting and the Europe Middle East and Africa (EMEA) conference in Lisbon, Portugal, attended by Jamie Towers and over 80 accountants and lawyers from firms across the world.
If you wish to do business internationally and need assistance and guidance about where to start, Hanrick Curran is associated with over 170 accounting and legal firms in more than 70 different countries as part of the Alliott Group. Please speak with your usual Hanrick Curran adviser or contact Jamie Towers for assistance.
Please note that this publication is intended to provide a general summary and should not be relied upon as a substitute for personal advice.