Presentation slides / playback

Date: Tuesday 8 October 2013

Time: 10:00am EDT (New York) / 3:00pm BST (London) / 11:00pm Japan

Duration: 1 hour (including Q&A)

Following the OECD’s July 2013 Coordinated Action Plan on Base Erosion and Profit Shifting, PwC continues with its series of webcasts exploring each of the workstreams and what they mean for you and your business.

Join specialists from our global Transfer Pricing and International Tax networks as they discuss issues related to both substance and permanent establishments.

This one hour webcast will cover:

· one of the main drivers of the BEPS agenda - substance; and

· the current work being done around permanent establishments and what this means for business.

Substance

An increased emphasis on a realignment of taxation and relevant "substance" has been one of the main drivers of the OECD BEPS initiative and the Action Plan. No objective definition of "substance," however, has been provided to date. The focus seems not to be on the traditional distinction between the "form" and the "substance" of a transaction, but rather on preventing the "artificial" separation of taxable income from the activities that generate it. Consensus for change has yet to be reached, but the direction of the work is towards a comparison of the jurisdiction in which income is reported with the location of office space, tangible assets, employees or even sales. Join our webcast to find out what changes to substance my result from the BEPS project and what the implications could be for you and your business.

Permanent establishments

There has been a significant rise in permanent establishment (PE) related challenges by tax authorities around the world and the on-going work of the OECD on the interpretation of Article 5 of the model tax treaty has increased awareness in this area. The OECD BEPS initiative and the Action Plan seek to develop changes to the definition of PE to prevent the artificial avoidance of PE status in relation to BEPS, including through the use of commissionaire arrangements and the specific activity exemptions. They will also address related profit attribution issues. During the PE section of the webcast we will explore this work in more detail.

Speakers:

· Richard Collier – Partner, PwC UK

· David Ernick – Principal, PwC US

· Steve Nauheim – Managing Director, PwC US

· Alenka Turnsek – Director, PwC UK

· Simon Wilks - Partner, PwC UK - Moderator

How to attend:

There is no pre-registration required to attend this webcast. The webcast will be live and available to access a few minutes before 3:00pm BST on 8 October 2013. To view the webcast, please click on the link below:

Http://www.pwcplayer.com/webcasts/2013_10_transfer_pricing

No continuing professional education (CPE) credit is provided for this webcast.

Who should attend?

If you are working for a company that has a global footprint and are concerned about potential changes to the current international tax standards.

Presentation slides / playback

A recording of the webcast and the presentation slides will be available for playback and download after the live event, please check our website again.

Enquiries

For enquiries regarding this webcast, please contact Stephanie Loxton, stephanie.loxton@uk.pwc.com

Date: 2016-01-03; view: 747