Major international tax developments of relevance to banking, insurance and asset management institutions – including issues emerging from BEPS and US Tax Reform proposals.
It is now more than 18 months since the Organisation for Economic Co-operation and Development (OECD) issued its final reports from its project addressing Base Erosion and Profit Shifting (BEPS). Many tax authorities are actively engaged in developing and enacting new domestic legislation. In addition, the multilateral instrument to implement the treaty-related recommendations of the BEPS project is expected to modify many existing bilateral tax treaties.
In the US, President Trump and the Republican Party are hoping to enact the first comprehensive corporate tax reform legislation in over 30 years. EU Member States and EU institutions continue to make significant changes to the international tax rules. Greater scrutiny from local authorities, alongside an increased focus by companies’ boards is reinforcing the increasing importance of managing tax risk globally.
Against this backdrop, KPMG International is hosting a series of webcasts with a focus on banking, insurance and asset management, where our international panel will share their latest insights as to the impact these events are having on the tax agenda for financial services companies. Each webcast will focus on the developments within the sector that have evolved in recent months and the practical measures that organizations need to consider now.
Key issues to be discussed will include: