Kenneth Leung

Kenneth is leading the ESG Tax Practice in China and has extensive experience with ESG-related taxes and incentives, such as Environmental Protection Tax, Consumption Tax as well tax incentives and subsidies aiming to encourage to the undertaking activities which can help achieving good social means (e.g., subsidies for employers who hire underprivileged people).

Kenneth is also a key member of the KPMG ESG global network and has participated in the overall development of service solutions aiming to help businesses to comply with the EU Green regulations such as Carbon Border Adjustment Mechanism (CBAM), battery regulations and other Green Initiatives.

Kenneth also leads KPMG Carbon Service, a specialist team which provide services offering aiming to help businesses quantify Green House Gas (GHG) emission, energy and other environmental indicators for tax and regulatory compliance purposes.

Kenneth advises clients on operational efficiency improvement, cost optimization, supply chain management as well as procurement solutions and business process optimization. Land-mark projects include the setting up of global after sales service operations which involved bonded movements/ processes of used equipment, international movements of service parts as well as the management and transfer of intellectual property gained from after sales operations. These projects are often branded under reverse supply chain which constitute an integral part of circular economy for businesses.

Kenneth is one of the leading specialists in the taxation of carbon emission trading activities. He has been working closely with the tax policy makers (i.e., National People Congress, Ministry of Finance and the State Administration of Taxation) and regulators (e.g., Ministry of Ecology and Environment) on shaping the Green Tax regime for China. Kenneth is also closely with international and Chinese industrial associations particularly on bridging the knowledge gaps between how governments implement Green Taxes.