Panel Discussion on “New Global Tax Deal” with Tax Experts!

Episode Duration:
95 minutes

Episode Background:
Rapidly shaping up the global tax arena is a new tax regime that challenges the very core of generally accepted international tax rules and principles. Agreed by 137 member countries of the Organization of Economic Co-operation and Development (OECD) on Oct. 8, is a historic tax pact in what could be the most drastic global tax reform of the century.

At the center of this two-phased reform (Pillar 1 and 2) is fairness in the sharing of revenues between and among countries owing to the rapidly increasing digitalization of the world’s economy where territorial borders, physical presence in brick-and-mortar businesses, on which the current global tax rules are based, are becoming inapplicable. This is Pillar 1 of the Blueprint. Pillar 2 of the Blueprint, on the other hand, works for the eradication of tax havens and the so-called “race to the bottom” practice of tax cuts/lowered tax rates and offering attractive incentives in attracting businesses and investments, resulting in revenue imbalances and significant losses to governments. To accomplish this, a 15% global minimum corporate tax (effective tax rate) has been agreed to.

What shall the episode cover?
Against this backdrop, Taxsutra & ELP Taxand India are delighted to host a riveting Panel Discussion on the theme of, “New Global Tax Deal: A Business Perspective”. This panel discussion has brought together Taxanders from across the world, viz. Mr. Nishant Shah & Ms. Stella Joseph (Partners, ELP Taxand India), Mr. Frédéric Teper (Partner, Arsene Taxand France), Mr. Alon Kritzman (Senior Director, Alvarez & Marsal LLC Taxand US), & Mr. Alvaro de la Cueva (Partner, Garrigues Taxand Spain); who have discussed, (1) their respective country perspectives on the proposed OECD framework, (2) the potential controversies, (3) the anticipated challenges for business and tax authorities and finally, (4) the opportunities for businesses to structure their operations. The discussion shall be moderated by Mr. Kazim Rizvi (Founder, The Dialogue India).