BEPS - Are you in control?
Channel: MyTPAGlobal
Date: 2014-05-15

Today finance and tax in-house executives are feeling the heat due to enduring pressure to promote transparency, grow the business and ensure control to be considered a "good corporate citizen". Increasing requirements are making "being in control" even more challenging. In July 2013, OECD -- the global guiding institute on tax and transfer pricing issues, released an Action Plan on Base Erosion and Profit Shifting (BEPS). The BEPS action plan sets forth 15 actions aimed to address tax planning strategies that exploit gaps and mismatches in tax rules or shift profits to locations where there is little or no activity. These actions will result in fundamental changes to the international tax and transfer pricing standards. Given the increasing attention to addressing BEPS, OECD has scheduled to finalize and implement the related guidelines in 2015.

The BEPS challenges for multinationals include:

- Your "economic substance" should drive your tax and transfer pricing set up.
- Your transparent communication to all stakeholders on your tax and transfer pricing policies and implementation should happen on a "real time" base.
- The reporting that you are "fully compliant" with tax / transfer pricing rules and regulations is superseded by the notion of "being in control", i.e. you should master the communication as well as top reporting on your global tax / TP position to all relevant stakeholders.
- You need to assess today how the BEPS publications and subsequent implementation are going to impact your tax and transfer pricing risks.
- What is your response to BEPS, i.e. a BEPS aligned business model

The web event will address the following:

- Present "best practices" in tax risk management and global tax practices;
- Address and define the different types of transfer pricing risks, including technical, operational, compliance, financial statement, management and reputational;
- Visualize the methodologies of a BEPS readiness test;
- Explain how to mitigate tax risks in the BEPS period.

At the end of the web event, you will:

- Understand how to organize your company's tax and transfer pricing risks subsequently avoid reputational risks;
- Be able to assess whether your company is a good corporate citizen;
- Learn how to perform BEPS-proof value chain analysis.

Speakers:

* Steef Huibregtse, CEO and Managing Partner, Transfer Pricing Associates
* Igor Peters, Partner, Transfer Pricing Associates
* Louan Verdoner, Of Counsel, Transfer Pricing Associates
* Igne Valutyte, Associate, Transfer Pricing Associates