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Commemorative Issue - Conference 2017
Compendium of Transfer Pricing and International Tax Rulings Version 1
Scholarship Scheme
Conference 2018
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CONFERENCE PROGRAMME
International Taxation Conference - 2017
THEME :IMPLEMENTATION OF BEPS
ROLE OF MULTILATERAL INSTRUMENT (MLI) AND TRADITIONAL APPROACHES

DAY ONE: DECEMBER 7, 2017 (THURSDAY)
08.00 – 20.00 Registration
08.45 – 09.15 Opening Remarks: Conference Director (Roy Rohatgi)
09.15 – 09.45 Welcome: International Bureau of Fiscal Documentation, Director of Knowledge Centre, (Belema Obuoforibo)
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09.45 – 10.00 Break
Plenary Session:
Multilateral Instrument (MLI) under BEPS
Chairman Porus Kaka, Senior Advocate, India
10.00 – 10.30 Murray Clayson, President - International Fiscal Association - Worldwide
Special Address(Video Recording)
10.00 – 10.30 Maikel Evers,Counsellor - BEPS Coordinator, OECD, Paris
An Overview: Some Early Legal and Operational Experiences with MLI under Inclusive Framework & Positions taken by Countries so far since June 7, 2017
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11.30 – 12.00 Mukesh Butani,Managing Partner, BMR Legal, India India as a Signatory on Multilateral Instrument: Some Observations
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12.00 – 12.30 Parthasarathi Shome, Director, International Tax Research and Analysis Foundation (ITRAF), India
12.30 – 13.00 Porus Kaka, Session Chairman - Concluding Remarks and Felicitation to Sohrab Dastur. Session Chairman (2001 - 2016)
13.00 – 14.00 Lunch
Plenary Session: Afternoon
Chairman Jan Maarten Slagter,Chief Executive Officer, International Bureau of Fiscal Documentation, The Netherlands
14.00 – 14.30 Jefferson Vandervolk,Head of Transfer Pricing and Tax Treaties, OECD Paris, Use of Profit Split Methods for Transfer Pricing under BEPS Action 8-10
14.30 – 15.00 Monica Bhatia,Head of Global Forum Secretariat, OECD, Paris (Stand in Speaker: Maikel Evers, OECD, Paris) International Financial Centres and Exchange of Information (including Beneficial Ownership) on request or on automatic exchange
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15.00 – 15.30 David Spencer,International Tax Lawyer and former Senior Advisor of Tax Justice Network, USA BEPS and Allocation of Taxing Rights: Current Global Shift from Residence towards Source Taxation!
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15.30 – 16.00 Jeffrey Owens, Professor & Director of Global Tax Policy Center, WU Austria (former Director, OECD Paris, and FIT Conference Keynote Speaker 2015) Role of Tax Certainty in Promoting Sustainable and Inclusive Growth and preventing Unacceptable Tax Avoidance
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16.00 – 16.30 Victor van Kommer, Tax Services Director, International Bureau of Fiscal Documentation, The Netherlands Tax Policy and Administration: Some Recent Developments under BEPS
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16.30 – 16.45 Jan Maarten Slagter, Session Chairman - Concluding Remarks
16.45 – 17.00 Break
Plenary Session:
Late Afternoon (Option A)
Chairman Kees van Raad, ITC Leiden & Of Counsel, Loyens & Loeff
17.00 – 19.00 Topics include: What are the key challenges in the drafting and implementation of a single Multilateral Instrument for over 100 countries who have signed so far to comply with BEPS Recommendations? What is the status of BEPS Reports in international law and domestic law? How can Courts in different countries be bound by an agreement that may give them economic substance without domestic legal substance? What are the key issues arising from MLI to date? Etc. Panel Discussion led by Daniel Erasmus,South Africa & USA. Panelists:Rajat Bansal,India -Mukesh Butani,India -Vikram Chand,Switzerland - Shefali Goradia, India - Mindy Herzfeld,USA - Paris - Rajesh Ramloll, Mauritius.
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Plenary Session:
Late Afternoon (Option B)
Chairman Vijay Mathur, Senior Tax Advisor, PricewaterhouseCoopers Pvt. Ltd., India
17.00 – 19.00 What is the likely Impact of MLI under BEPS on Developing Countries today and in future? Has BEPS Changed the Allocation of Taxing Rights under OECD Model Treaties in their favour? Does it also give effect to Economic Substance over Form principle? Panel Discussion led by Jairaj Purandare, - India. Panelists: K R Girish, India -Pramod Kumar, India -Belema Obuoforibo,IBFD, The Netherlands - Sol Picciotto, UK - Pragya Saksena, India - Parthasarathi Shome, India - David Spencer, USA, - Jefferson VanderWolk, OECD, Paris.
19.00 – 22.00 Networking Dinner

DAY TWO: DECEMBER 8, 2017 (FRIDAY)

09.00 – 10.00 KEYNOTE SPEAKER
Chairman Professor Roy Rohatgi, Conference Director
"Klaus Vogel" Speaker: Pascal Saint-Amans, Director - OECD Paris followed by Questions
10.00 – 10.30 Break
Plenary Session:
BEPS in India Impact on Indian Tax Policy and Objectives
Chairman Dinesh Kanabar, Founding Partner, Dhruva Advisors LLP, India
10.30 – 11.00 Parthasarathi Shome,Director, International Tax Research and Analysis Foundation (ITRAF), India
Multilateral Instrument under BEPS and India
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11.00 – 11.30 Akhilesh Ranjan,Principal Chief Commissioner of Income-tax (International), India
Multilateral Instrument - Indian Experience: Challenges and Opportunities
(Video Recording)
11.30 – 13.00 BEPS and Indian Tax Policy, Practice and Compliance
Panel Discussion led by Milind Kothari in the presence of Pascal Saint-Amans, Director, Centre for Tax Policy and Administration & Shabri Bhattasali, Member, CBDT (India). Panelists: Rajat Bansal - Rohit Jain - Vipul Jhaveri - Bobby Parikh - Rupak Saha - Pranav Sayta - Uday Ved (all from India)
13.00 – 14.00 Lunch
Session:
Global Impact of BEPS and Its Future (Option A)
Chairman Nishith Desai, Founder, Nishith Desai Associates, India
14.00 – 16.00 Transfer Pricing under BEPS Actions 8-10, including Recent Developments in Formulary Approach with Profit Split Methods and other approaches
Panel Discussion in the presence of G S Pannu, Accountant Member, Income-tax Appellate Tribunal, India, Panel led by Anis Chakravarty, India Panelists: Panelists: Ranjana Gupta, New Zealand - Vijay Iyer, India - Ashish Kumar, India - Rohan Phatarphekar, India - Jiger Saiya, India - Jefferson VanderWolk, OECD, Paris -Kamlesh Varshney, India
16.00 – 16.30 Discussion and Questions
Session:
Tax and Treaty Compliance under BEPS (Option B)
Chairman Vipul Jhaveri,Head of Tax, Deloitte, Haskins & Sells LLP, India
14.00 – 16.00 (i)The UN and OECD approach to BEPS issues and related Allocation of Taxing Rights and an Overview of the Recent Developments in the UN Model on Taxation of Services and Transfer Pricing. Panel Discussion led by Radhakishan Rawal, India. Panelists: Rajat Bansal, India -Daksha Baxi, India - Vladimir Gidirim, Russia -Michael Kobetsky, Australia - Amar Mehta, Canada - Ignatius Mvula (UN Tax Committee).
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16.00 – 16.30 Discussion and Questions
16.30 – 17.00 Break
Session
Late Afternoon (Option A)
Chairman Belema Obuoforibo, Director of Knowledge Centre IBFD, The Netherlands
17.00 – 19.00 Action 6: Principal Purpose Test vs Limitation of Benefits to counter Abuse of Tax Treaties: A Comparison. Panel Discussion led by Uday Ved, India. Panelists: Premkumar Baldewsing, IBFD, The Netherlands -Vikram Chand, Switzerland -Maikel Evers, OECD, Paris - Mahesh Kumar, Singapore- Sanjeev Sharma, India
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Session
Late Afternoon (Option B)
Chairman David Spencer,International Tax Lawyer, United States
17.00 – 18.00 Actions 5 & 6: Harmful Tax Competition and Abuse of Tax Treaties Discussion topics include tax provisions that prevent harmful tax competition and grant of treaty benefits in inappropriate circumstances. Panel discussion led by Kuntal Dave, India. Panelists:H. Gangadharan, India - Mindy Herzfeld, USA - Akshay Kenkre, India - Dennis Schafer, Singapore.
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Chairman Carol Dunahoo, Partner, Baker & McKenzie, USA
18.00 – 19.30 Impact of BEPS on Taxpayers' Rights and Responsibilities
Panel Discussion led by Rajesh Simhan, India. Panelists: Clive Baxter, Denmark - Robert Goulder, USA - Nikhil Mehta, UK - Pascal Saint-Amans, OECD, Paris - Pragya Saksena, India
19.30 – 22.00 Networking Dinner

DAY THREE: DECEMBER 9, 2017 (SATURDAY)

Session
Tax Dispute Resolution (Morning)
Chairman Mukesh Butani, Managing Partner, BMR Legal, India
09.00 – 10.15 Resolution of Tax Disputes under Domestic and International Laws involving MAP and/or Multilateral Instrument under BEPS (Actions 14 & 15): Discussion led by Mukesh Butani in the presence of R V Easwar,Former Judge, High Court of Delhi &, Ex-Officiating President, ITAT. Panelists: Rajat Bansal, India - Carol Dunahoo, USA - Maikel Evers, OECD, Paris - Pramod Kumar, India - Nikhil Mehta, UK - Jeffrey Owens, UK.
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10.15 – 10.30 Concluding Remarks by R V Easwar former Judge, High Court of Delhi
10.30 – 11.00 Break
Session
Tax and Treaty Conflicts (Option A)
Chairman Pranav Sayta, National Partner, Ernst & Young, India
11.00 – 12.00 An update on Digital Economy under BEPS Action 1
Panel Discussion led by Sol Picciotto, UK. Panelists: - Joao Nogueira, IBFD, The Netherlands - Rashmin Sanghvi,Rohinton Sidhwa,Vinay Singh(all from India)
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12.00 – 13.00 Overview of Blockchains and Crypto Currencies: Its History and how it works
Panel Discussion led by Jeffrey Owens, UK Panelists: Clive Baxter, Denmark -Ashvin Dwarka, Mauritius -Shikha Mehra, India - Meyyappan N, India.
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Session
Global Impact of BEPS and Its Future (Option B)
Chairman Rajesh Ramloll, Senior Advocate, Mauritius
11.00 – 13.00 An Overview of Extraterritorial Operation and Extraterritorial Legislation of Tax Laws (including Retrospective Legislation): How have Enterprises and Countries addressed them in (a) North America (b) Europe (c) Asia excluding India (d) India (e) Africa (f) Rest of the World? Are they Desirable? Necessary? Effective? Panel Discussion led by Arvind Datar, India. Panelists : Gokul Chaudhri,India -Daniel Erasmus, USA & Africa - Padamchand Khincha,India -Mahesh Kumar, Singapore -Amar Mehta, Canada-Nikhil Mehta, UK -Victor van Kommer,IBFD, The Netherlands -Lawrence Zlatkin, USA.
13.00 – 14.00 Lunch
Session
General Anti-Avoidance Rules: in India (Option A)
Chairman Parthasarathi Shome, Director, International Tax Research & Analysis Foundation (ITRAF), India
14.00 – 16.00 New General Anti-Avoidance Rules (GAAR) introduced in India as from April 2017: Some Observations on the Law and its Compliance Session led by PVSS Prasad, India. Panelists: Pranay Bhatia, India - Vikram Chand, Switzerland -Gokul Chaudhri, India -Rita Cunha, UK -Hariom Jindal, India - Vijay Mathur, India - Simachal Mohanty, India - Amit Singhania, India
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16.00 – 16.30 Presentation by Philippe Thevoz, Executive Vice President, SICPA, Switzerland
Impact of the next Wave of Blockchain Technologies on Tax Policy and Administration of the Future
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Session
Artificial Avoidance of Permanent Establishment Status under Action 7 (Option A)
Chairman Shefali Goradia, Partner, Deloitte Touche Tohmastu India LLP, India
14.00 – 15.15 Dependent Agent Permanent Establishment: Is it a Permanent Establishment? (Action 7) followed by general discussion on on Does Permanent Establishment as a Tax Concept have a future in the tax world today? Panel discussion led by Bijal Ajinkya, India. Panelists: Michael Kobetsky, Australia -Sunil M Lala, India - Rahul Navin, India - Rajesh Simhan, India - Kees van Raad , The Netherlands.
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Session
Transfer Pricing Developments (Option B)
Chairman T P Ostwal, Managing Partner, T P Ostwal Associates LLP, India
15.15 – 16.30 Exchange of Tax Information with Transfer Pricing Documentation under BEPS - Some Issues and Comments under Action 13.Session led by Rahul Mitra, India. Panelists: Maikel Evers, OECD, Paris - Sanjiv Malhotra, Singapore - Ignatius Mvula, Zambia (UN Tax Committee) - Rahul Navin, India - Himanshu Sinha, India
16.30 – 17.00 Break
Session Late Afternoon (Option A)
Chairman Sachin Menon,Partner and Head of Indirect Taxes, KPMG, India
17.00 – 18.45 Goods and Services Tax in India - What lies ahead
Panel Discussion led by Sachin Menon, India. Panelists: Prashant Bhatnagar - Prashant Deshpande - Bela Sheth Mao - Manish Mishra - Uday Pimprikar - Rohan Shah (all from India)
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Session Late Afternoon (Option B)
Chairman Clive Baxter, Head of Tax Governance and Policy, A P Moller - Maersk A/S, Denmark
Topic: How New Digital Technologies are likely to impact the International Tax Rules of the future and their Compliance?
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17.00 – 17.40 Presentation by Prof. Jeffrey Owens, WU Austria & Robert Goulder, Senior Tax Policy Counsel, Tax Analysts, USA
17.40 – 18.45 Discussion led by Jeffrey Owens, UK - Robert Goulder, USA -Shikha Mehra, India - Meyyappan N, India - Philippe Thevoz, Switzerland
18.45 – 19.00 Concluding Remarks: Jan Maarten Slagter (IBFD) - Roy Rohatgi (FIT)
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