Why and How The Changing International Corporate Tax Landscape Matters

Chee Wei Tan, Partner, Tax, Singapore, KPMG

Venue : Stamford American Auditorium (AmCham Office, 1 Scotts Rd, #23-03 Shaw Centre)

Date : March 30, 2016

Time : 11:45 AM - 1:30 PM

Price : $25.00

Description

The global tax rules are changing rapidly.  The OECD has announced a major initiative on tax base erosion and profit shifting (BEPS), defined as tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations culminating in little or no tax being paid.  Understanding BEPS and the actions taken to address it is crucial as they will shape the international tax landscape for the next decade at least. 

In the OECD's words,
 


"In an increasingly interconnected world, national tax laws have not always kept pace with global corporations, fluid movement of capital, and the rise of the digital economy, leaving gaps and mismatches that can be exploited to generate double non-taxation. This undermines the fairness and integrity of tax systems.... BEPS is a global problem which requires global solutions.   For the first time ever in tax matters, OECD and G20 countries worked together on an equal footing. More than a dozen developing countries have participated directly in the work and more than 80 non-OECD, non-G20 jurisdictions have provided input.

The final BEPS package gives countries the tools they need to ensure that profits are taxed where economic activities generating the profits are performed and where value is created, while at the same time give business greater certainty by reducing disputes over the application of international tax rules, and standardizing compliance requirements."

The OECD package includes 15 BEPS Action Plans.  This session will provide an overview of the Action Plans and highlight the salient points of each tax recommendation.  The session will also review Singapore's reaction to BEPS as well as implications for MNCs in Singapore. 


About the Speaker:

 

Chee Wei Tan
Partner, Tax
KPMG Singapore

Chee Wei is a Tax Partner at KPMG Singapore. He has over 15 years of experience in international tax, transaction tax advisory, and cross-border structuring on M&A transactions involving large private and public investments, private equity, and hedge fund investments.

 

Prior to joining KPMG, Chee Wei was with Temasek Holdings, Singapore’s state-owned investment firm with a US$194 billion portfolio as at March 2015. During his nine years at Temasek, he advised on a number of U.S. and Asia private equity and hedge fund investments and led tax structuring on large direct and co-investment deals.  He also coordinated detailed tax due diligence projects on large buy-out controlled transactions and was instrumental in structuring and establishing several key Temasek fund platform initiatives.  His geographical mandate spanned North America and Asia, notably the U.S. and China.

 

In his role with KPMG, Chee Wei is leading the U.S. to Singapore Corridor initiative which will see him working closely with clients in a number of geographies on both inbound and outbound tax matters. He will champion the use of Singapore as a gateway city for investments in this region. Given his experience, he will also be involved in the private equity and hedge fund investments as well as M&A transaction tax advisory space.

 

Chee Wei is a member of the Institute of Singapore Chartered Accountants and graduated from The Nanyang Technological University of Singapore with a Bachelor of Accountancy and Minor in Banking and Finance.


This event is supported by Financial Services, GRAC and Legal Committee

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