Jenny Chong is PwC Asia Pacific International Tax Services Leader, member of PwC China tax executive committee, and tax digital and transformation leader.

Jenny has accumulated over 20 years’ experience in advising and implementing cross-border transactions associated with international M&A, global expansion, corporate reorganization and divesture, efficient financing planning, as well as structuring inter-company transactions.
Over the past 17 years, Jenny provided investment advice for global MNCs on investments in Asia, in particular, on investment strategies in China. She provided tax advice for many Fortune 500 Companies.

In addition, Jenny spent the past fifteen years building up PwC China’s ITS outbound practice. She served many leading China POEs and SOEs on their overseas acquisitions or investment. She advised these Chinese clients on efficient holding structure, financing and operational model and how to manage global tax functions and tax risks. As Asia Pac ITS leader, Jenny led strategic discussions on international tax policy/reform, network collaboration, and BEPS initiatives. She built an extensive network of contacts with PwC ITS/M&A/policy leaders and can effectively lead global service teams in serving large China/Asia based MNC clients. As tax digital and transformation leader, Jenny helps many companies implement tax digital transformation strategies and design effective global tax management functions.

Jenny is a Certified Public Accountant in the State of Georgia, USA and a member of American Institute of Certified Public Accountant (AICPA).

Jenny joined the U.S. Tax Consulting Group in PwC Shanghai office in August 2009. Previously, Jenny worked in Ernst & Young U.S., Bank of Mellon and PwC Hong Kong.

Jenny has accumulated 25 years of experience in providing U.S. corporate tax compliance and consulting services to clients in the Financial Services (including PE/VC funds, fund management and insurance companies) , TMT, Biotech and manufacturing sectors as well as high net-worth individuals. Jenny’s experience includes, but not limited to:

PE/VC funds: (a). working closely with management in setting up tax efficient structure and reviewing fund formation documents; (b). providing U.S. income tax, FATCA and CRS compliance services; and (c). providing guidance and technical support on FIN 48 implementation and annual review documentations.
Providing U.S federal and state income tax compliance services for corporations and operating partnerships in various industries, including assessing Subpart F and GILTI exposures of corporate clients; performing E&P study and preparing of information returns such as Forms 5471, 5472, 8865 and 8858, etc.

Recent experience also includes: assisting PRC investors in setting up tax-efficient structure for their investments in the U.S. and advising U.S. income tax implications; performing U.S. due diligence on U.S. targets, analyzing U.S. income tax implications of U.S. investors in formulating tax-efficient exit strategies for investments in the PRC; analyzing and advising on U.S. income tax implications for PRC clients in setting up and/or dismantling offshore structures as well as spin off transactions; advising China Biotech companies on U.S. income tax implications of their license out transactions and assisting clients on requesting refunds of U.S. withholding tax from the IRS; working with MNC clients with their ASC 740 and FIN 48 review or preparation.

Providing U.S. income tax consulting and compliance services with respect to business holdings of U.S. high net-worth individuals, including but not limited to, analysis of CFC and PFIC status and their implications, analyzing U.S. federal income tax impact of the downward attribution rules on U.S. shareholders, and collaborating with experts of PwC US in preparation and submission of private letter rulings under IRC Code Sec. 9100, etc .

Jenny earned her Bachelor’s degree in Economics from Renmin University in Beijing, China and studied at University of Iowa for Master of Accounting. Jenny is a Certified Public Accountant in the Commonwealth of Pennsylvania, U.S.