Wednesday, August 23, 2017
It is end of summer which means the 71st annual IFA is upon us. 2,500 international tax academics, general counsel of Fortune 500, government, IGOs, and big firm partners gather for over a week in this scientific forum to investigate the tax challenges that cause friction for international trade and investment, as well as the challenges for governments to legislate and collect tax to fulfill expenditure requirements.
IFA 2017 Global Conference : 71st Congress of the International Fiscal Association will be held from Sunday, 27 August 2017 to Friday, 1 September 2017 (most of us arrive to the conference this Thursday to begin discussions so I look forward to meeting you this weekend at the lobby or in the convention center!)
The Future of Transfer Pricing
Although optimists agree that the future world will be unique, most of them tend to disagree how to achieve it. In this sense, regarding transfer pricing issues, many proposals of reform are being elaborated or even implemented to solve the current problems, not only limited to BEPS actions. In order to discuss the future of transfer pricing, the panel will present and debate (i) the foundations and problems of the current regime, (ii) the recent developments that such paradigms have brought in terms of transfer pricing methods as well as (iii) the main practical problems under debate and (iv) the divergent proposals within different jurisdictions to solve them.
Assessing BEPS: Origins, Standards and Responses
The G20/OECD Base Erosion and Profit Shifting (“BEPS”) initiative, aiming at “fixing” the international tax system on the basis of coherence, substance and transparency, is currently implemented around the globe. Relying on latest developments, Subject 1 will provide participants with an instigating comparative analysis of the implementation of BEPS in various regions. The discussion will begin in the internal market and will look at the impact of BEPS for European Member States and their relations with third countries. The relation and consistency of BEPS with European law and developments such as the (re)evolution of state aid rules shall also be considered from a policy perspective. Next, the panel will contrast the national responses to BEPS in different jurisdictions, looking in particular at the US, Latin American countries, India and the Asian region. In the end, the panel will assess whether the BEPS project has kept its promises and will formulate recommendations for future multilateral initiatives.
International Fiscal Association
The International Fiscal Association (IFA) was established in 1938 with its headquarters in the Netherlands. It is the only non-governmental and non-sectoral international organisation dealing with fiscal matters. Its objects are the study and advancement of international and comparative law in regard to public finance, specifically international and comparative fiscal law and the financial and economic aspects of taxation. IFA seeks to achieve these objects through its Annual Congresses and the scientific publications relating thereto as well as through scientific research. Although the operations of the IFA are essentially scientific in character, the subjects selected take account of current fiscal developments and changes in local legislation.
Membership of IFA now stands at more than 12,500 from 116 countries. In 70 countries IFA members have established IFA Branches. Direct membership is possible in countries where there is as yet no IFA Branch. Please visit the IFA website (www.ifa.nl) on which a survey is posted which gives an impression of the geographical spread of the members affiliated to the IFA Branches and a survey of the direct members.