TPA Global (web) Events 2018

TPA Global is facilitating a workshop on ‘Global Tax Controversy’ for corporate taxpayers where a team of globally renowned, independent specialists (see www.gtc-global.org for more details of the speakers) with wide-ranging experience in value chain analysis, arbitration, mediation, litigation and tax rulings, are invited to discuss these issues with corporate taxpayers in an interactive workshop setting.

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Multinational firms, already facing a multitude of challenges, seem to be hit hard by the latest OECD BEPS Project.
Aside from eliminating unwanted tax planning opportunities (closing loop-holes), the call for transparency is increasing the compliance burden for multinationals (cost may go up by up to 50%). With increased compliance also comes a “sharpening” of the principle of “substance” as it used to be called.

In today’s world the OECD, and as a consequence a multiple of tax authorities, requires the tax operating model of any multinational to be 100% aligned with the people that create the value for this multinational. In essence, economic reality is the main driver. Simply allocating an operating margin to a low-tax jurisdiction without the relevant people that create and manage this value in the same jurisdiction is a non-starter and creates the risk of double taxation!

You could argue that all this makes sense, yes it probably does. What is different, is that the tax authorities now have additional tools and additional reports filed by taxpayers, available to really assess whether the 100% alignment is reality. In case of doubt, they now have more facts available to ask the real relevant (audit) question.

In the above light, the additional compliance burden of repetitive reports to be filed year after year may trigger boards to push for more automation of tax compliance tasks to keep compliance costs at reasonable levels and the quality thereof at higher levels versus the current manual reporting. In addition, the risk of double taxation has increased since tax authorities are now more aggressively fighting for “their fair share”. In this context it appears, that the protection for taxpayers through tax treaties, advance pricing arrangements, etc., has not really increased but rather decreased.

Hence our call to Boards to understand the consequences of BEPS better and to make itself aware of any risk mitigating actions that can / should be considered for your organisation.

Key Highlights of the webinar

With this objective in mind, we invite you to an informative webinar where we will discuss the following:

  • What has changed in the tax world since the OECD BEPS project
  • How tax authorities are reacting to these changes
  • How to manage Tax Risks in an uncertain tax environment
  • What changes you might consider in your “Tax Controversy Strategy”

Speaker

Thursday, May 31, 2018

9:00 AM - 10:00 AM Mexico, USA and Canada
11:00 AM - 12:00 PM Brazil
3:00 PM - 4:00 PM London (GMT)
4:00 PM - 5:00 PM Amsterdam (CET)
6:00 PM - 7:00 PM Moscow

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A presentation on how to run a VCA in light of digital economy re-writing business models

The ongoing digital economy has transformed the traditional business models of companies in various sectors with retail, telecom, media, value based healthcare, hospitality and services industry being the prominent ones. Further, unlike the traditional business models where it is comparatively easier to identify the value creating activities which are contributing to the profits of a company, it is highly challenging in digital companies to identify where value is created and how to measure that value. As a result, how to tax the digital economy has become a hotly contested topic among countries today.

Thus, in this age of digitization, it has become of utmost importance for companies to understand how to conduct a value chain analysis which is streamlined for digital businesses. This is of increasing relevance as the classical qualitative methods to conduct a value chain analysis such as a Porter’s type of analyses are redundant for the digital businesses as they do not have standard business processes such as manufacturing, research and development, sales, marketing etc. For example, the e-commerce companies such as Alibaba, Amazon, ASOS, Airbnb, Spotify etc. have completely different value creating factors from those of the traditional players operating in these industries.

Thus, the webinar will identify and analyze the differences between the value chain of traditional businesses and digitized businesses to understand the factors/processes which add the element of profitability to the digital businesses.

Key Highlights of the webinar

The webinar will:

  • Identify and differentiate between the value chains of traditional and digitized businesses of the following industries:
    • RetailT
    • Telecom
    • Media
    • Value based healthcare
    • Hospitality
    • Services
  • Analyze the techniques used for conducting a value chain analysis.
  • In general, a the benefits of undertaking a value chain analysis beyond compliance related benefits, for example, controversy management.

Speakers

Thursday, June 7, 2018

9:00 AM - 10:00 AM Mexico, USA and Canada
11:00 AM - 12:00 PM Brazil
3:00 PM - 4:00 PM London (GMT)
4:00 PM - 5:00 PM Amsterdam (CET)
6:00 PM - 7:00 PM Moscow

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Value Chain Analysis (VCA)

TPA Global has been conducting value chain analyses for over 10 years. With over 1000 professionals trained in value chain analyses, TPA Global is one of the world leaders in offering industry-specific value chain solutions!

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