The FX markets have been particularly volatile in recent months, and this is likely to remain the case given ongoing uncertainties and international developments. Managing FX exposures is therefore taking on increasing importance, and unhedged positions can cause unexpected accounting and tax considerations, including impacts on distributable reserves and cash tax liabilities. We can help understand the exposures and identify ways to manage the accounting and tax positions, and potentially help reduce the cost associated with entering into external hedges.
International Tax and Treasury