According to Organization for Economic Cooperation and Development (OECD), the world's budget losses from tax base erosion and profit shifting (BEPS) are $100-240 billion annually. Budgets of developing countries lose more than the budgets of developed countries and Ukraine is no exception.
On Tuesday, May 22 KPMG office in Ukraine conducted a "BEPS PERSPECTIVES IN UKRAINE " tax seminar at its offices in Kyiv. The event is organized by KPMG in partnership with the U.S.-Ukraine Business Council (USUBC, www.usubc.org).
According to Organization for Economic Cooperation and Development (OECD), the world's budget losses from tax base erosion and profit shifting (BEPS) are $100-240 billion annually. Budgets of developing countries lose more than the budgets of developed countries and Ukraine is no exception. In May 2017 the Ministry of Finance of Ukraine issued a roadmap for the implementation of a minimum BEPS package by the end of 2018. During the seminar the speakers and the audience discussed what is BEPS and what results will it bring to Ukrainian business, the program also included discussion of BEPS Action Plan and its general overview, performance results, brief overview of BEPS Actions; implementation of the BEPS Action Plan in Ukraine: Minimum standards on BEPS relating to Ukrainian draft laws.
The event was moderated by Michael Datsenko from USUBC, speakers included Volodymyr Chyzhykov, Senior Manager, Transfer Pricing Group, Ganna Chebotareva, Senior Consultant, Transfer Pricing Group, Yevgeniia Marushchenko, Senior Consultant, Transfer Pricing Group.
The event was attended by financial and tax specialists, accountants, economists representing Ukrainian and international companies such as Allseeds, Boeing, British American Tobacco, Citibank, DTEK, Ciclum, Delta Airlines Representative Office in Ukraine, JDE Coffee, Mary Kay, Milkiland, Phillip Morris, Shell Retail, USAID Financial Sector Transformation Project, U.S.-Ukraine Business Council, Xerox, MHP, Autotrading, 1plus1, CLAAS Ukraina, Ferrero Ukraine, Konto UA Service, Forward bank, Ukrrichflot, Adidas Ukraine, KRKA, Fozzy Group, Credit Agricole Ukraine, LG Electronics Ukraine, PZU, Panalpina World Transport LTD, Delta Medical, Campari Ukraine, Rehau LLC, Global Spirits, Sky Wind Group, Stihl Ukraine, Prominvestbank, Asnova Holding, Astellas Pharma LLC, Knauf Insulation Ukraine, Ascop-Ukraine, Conco International, Mondelez Ukraine, BCToms, Saint-Gobain Constructoon Products Ukraine, Viessmann LLC.