European Fiscal Services
European Fiscal Services
Highlights of the millennium years Current Drivers The Next 2 years Tax Practice of the future Discussion points October 2013 European Fiscal Services Ltd 3
Client Relations Software developments › Professional › State sponsored Old methods new problems Pressure on fees October 2013 European Fiscal Services Ltd 4
Anti Money laundering Regulation and Competition Tax Avoidance/Abuse › Ethics › Client expectation › State reaction The need to invest October 2013 European Fiscal Services Ltd 5
ECONOMIC CRASH October 2013 European Fiscal Services Ltd 6
G8 to G20 Revenue Authorities OECD Tax Activists and NFPs Highly visible corporate planning The Politics of tax havens October 2013 European Fiscal Services Ltd 7
BEPS › Base Erosion and Profit Shifting OECD Global Tax Forum › Automatic exchange of information OECD 15 point plan › G20 plus 16 committed to reform of global taxation model October 2013 European Fiscal Services Ltd 8
› The search for Transparency Consistency Certainty › Tax “fairness” October 2013 European Fiscal Services Ltd 9
The Digital Economy Prevent Treaty Abuse Neutralise hybrid mismatch arrangements Prevent the artificial avoidance of P.E. Status Re-examine transfer pricing documentation October 2013 European Fiscal Services Ltd 10
Counter harmful tax practices transparency and substance Transfer pricing outcomes in line with intangible value creation Develop a multilateral instrument October 2013 European Fiscal Services Ltd 11
Strengthen CFC rules Limit base erosion by interest and other financial payments Transfer pricing outcomes in line with risk and capital value creation Transfer pricing outcomes in line with other high risk transaction value creation Methods to collect and analyse BEPS data – actions to address Disclosure of aggressive tax planning by taxpayers Effective dispute resolution mechanisms October 2013 European Fiscal Services Ltd 12
Automatic bilateral exchange of information October 2013 European Fiscal Services Ltd 13
Compliance Risk management › Client › Authority › Staff Tax in a changing environment October 2013 European Fiscal Services Ltd 14
Training Software Practice assured October 2013 European Fiscal Services Ltd 15
Tax Planning for clients Avoidance issues The Australian Experience What registration really means Client/Revenue/Arbitrator? October 2013 European Fiscal Services Ltd 16
Forensic Recovery Restoration Support through litigation Untying the knots Cross border transactions New Taxes October 2013 European Fiscal Services Ltd 17
Risks involved Where does the profit come from Relations with clients Relations with revenue Regulation, Registration or laissez faire October 2013 European Fiscal Services Ltd 18
Thank you! Food for thought? October 2013 European Fiscal Services Ltd 19