1 / 19

The Future of Tax Practice BKR Worldwide Meeting Dublin , Ireland 2013

The Future of Tax Practice BKR Worldwide Meeting Dublin , Ireland 2013. European Fiscal Services Ltd. i an.hayes@e-fisc.com. The Future of Tax Practice 2013. Ian E Hayes FCA FIIT CTA FRSA Vice President C.F.E. Consultant Tax Adviser. European Fiscal Services Ltd.

uzuri
Download Presentation

The Future of Tax Practice BKR Worldwide Meeting Dublin , Ireland 2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. The Future of Tax Practice BKR Worldwide Meeting Dublin, Ireland 2013 European Fiscal Services Ltd ian.hayes@e-fisc.com

  2. The Future of Tax Practice 2013 Ian E Hayes FCA FIIT CTA FRSA Vice President C.F.E. Consultant Tax Adviser European Fiscal Services Ltd ian.hayes@e-fisc.com

  3. Our Time Today • Highlights of the millennium years • Current Drivers • The Next 2 years • Tax Practice of the future • Discussion points European Fiscal Services Ltd ian.hayes@e-fisc.com

  4. 2001 -2013 - 1 • Client Relations • Software developments • Professional • State sponsored • Old methods new problems • Pressure on fees European Fiscal Services Ltd ian.hayes@e-fisc.com

  5. 2001 -2013 - 2 • Anti Money laundering • Regulation and Competition • Tax Avoidance/Abuse • Ethics • Client expectation • State reaction • The need to invest European Fiscal Services Ltd ian.hayes@e-fisc.com

  6. 2001 -2013 - • ECONOMIC CRASH European Fiscal Services Ltd ian.hayes@e-fisc.com

  7. Current Drivers - 1 • G8 to G20 • Revenue Authorities • OECD • Tax Activists and NFPs • Highly visible corporate planning • The Politics of tax havens European Fiscal Services Ltd ian.hayes@e-fisc.com

  8. Current Drivers - 2 • BEPS • Base Erosion and Profit Shifting • OECD Global Tax Forum • Automatic exchange of information • OECD 15 point plan • G20 plus 16 committed to reform of global taxation model European Fiscal Services Ltd ian.hayes@e-fisc.com

  9. Current Drivers - 3 • The search for • Transparency • Consistency • Certainty • Tax “fairness” European Fiscal Services Ltd ian.hayes@e-fisc.com

  10. Finished by September 2014? • The Digital Economy • Prevent Treaty Abuse • Neutralise hybrid mismatch arrangements • Prevent the artificial avoidance of P.E. Status • Re-examine transfer pricing documentation European Fiscal Services Ltd ian.hayes@e-fisc.com

  11. December 2014 – In Progress To complete by September 2015 ? • Counter harmful tax practices transparency and substance • Transfer pricing outcomes in line with intangible value creation • Develop a multilateral instrument European Fiscal Services Ltd ian.hayes@e-fisc.com

  12. Finished by September 2015 ? • Strengthen CFC rules • Limit base erosion by interest and other financial payments • Transfer pricing outcomes in line with risk and capital value creation • Transfer pricing outcomes in line with other high risk transaction value creation • Methods to collect and analyse BEPS data – actions to address • Disclosure of aggressive tax planning by taxpayers • Effective dispute resolution mechanisms European Fiscal Services Ltd ian.hayes@e-fisc.com

  13. The Global Tax Forum Automatic bilateral exchange of information European Fiscal Services Ltd ian.hayes@e-fisc.com

  14. Tax Practice in the Future – 1 Bread and butter issues • Compliance • Risk management • Client • Authority • Staff • Tax in a changing environment European Fiscal Services Ltd ian.hayes@e-fisc.com

  15. Tax Practice in the Future – 2 Expenditure and Investment • Training • Software • Practice assured European Fiscal Services Ltd ian.hayes@e-fisc.com

  16. Tax Practice in the Future – 3 Good boy syndrome • Tax Planning for clients • Avoidance issues • The Australian Experience • What registration really means • Client/Revenue/Arbitrator? European Fiscal Services Ltd ian.hayes@e-fisc.com

  17. Tax Practice in the Future – 4 Sandwich filling? • Forensic • Recovery • Restoration • Support through litigation • Untying the knots • Cross border transactions • New Taxes European Fiscal Services Ltd ian.hayes@e-fisc.com

  18. Tax Practice in the Future - 5 – Points for discussion • Risks involved • Where does the profit come from • Relations with clients • Relations with revenue • Regulation, Registration or laissez faire European Fiscal Services Ltd ian.hayes@e-fisc.com

  19. The future of Tax Practice Thank you! Food for thought? European Fiscal Services Ltd ian.hayes@e-fisc.com

More Related