INTERNATIONAL TAXATION CONFERENCE
ANNUAL CONFERENCE – PROGRAMME AND PRESENTATIONS
ANNUAL CONFERENCE – PROGRAMME AND PRESENTATIONS
DECEMBER 5-7, 2013
ITC MARATHA HOTEL, MUMBAI
Conference Programme 2013
Thursday, December 5, 2013 – ITC MARATHA
| Day 1 | |
| 08.00 – 20.00 | Registration |
| 09.30 – 09.45 | Opening Remarks – Conference Director |
| Chairman | Sohrab Dastur, Senior Advocate, India |
| Session | |
| PLENARY SESSION : INTERNATIONAL TAX AND TREATY CONFLICTS | |
| 09.45 – 10.30 | Porus Kaka, President – International Fiscal Association Worldwide Special Address |
| 10.30 – 11.00 | “Klaus Vogel” Speaker: Michael Lang, Head of the Institute for Austrian and International Tax Law, WU, Vienna International Tax and Treaty Conflicts – An Overview Click Here to view the Presentation  |
| 11.00 – 11.30 | Stef van Weeghel, Partner, PricewaterhouseCoopers and Professor of International Tax Law, University of Amsterdam, The Netherlands Allocation of Taxing Rights under Model Tax Treaties Click Here to view the Presentation |
| 11.30 – 12.00 | Arvid Skaar, Partner, Wiersholm, Norway Permanent Establishment Article under OECD and UN Models Click Here to view the Presentation |
| 12.00 – 12.30 | Liselott Kana, Head of International Revenue Administration, Chile Taxation of Services: OECD v/s UN Model Click Here to view the Presentation |
| 12.30 – 12.45 | Discussion and Questions |
| 12.45 – 13.00 | Session Chairman’s Remarks |
| 13.00 – 14.00 | Lunch (Lunch hosted by Jersey Finance) |
| Session | |
| INTERNATIONAL TAX AND TREATY CONFLICTS (contd.) | |
| Chairman | Ketan Dalal, Joint Head of Tax, PricewaterhouseCoopers, India |
| 14.00 – 14.30 | Peter H. Blessing, Partner, KPMG LLP, United States Double Non-taxation – A Critical Evaluation Click Here to view the Presentation |
| 14.30 – 15.00 | Patricia Brown, Director, University of Miami School of Law, United States Use and Abuse of Tax Treaties Click Here to view the Presentation |
| 15.00 – 15.30 | Sunil Gupta, Joint Secretary, Government of India Stand-in Speaker: Ashish Kumar, Director (TPL), Government of India Conflicts under Article 13 of the Model Tax Treaty Click Here to view the Presentation |
| 15.30 – 16.00 | Marcus Desax, Partner, Walder Wyss, Switzerland Beneficial Ownership under Tax Treaties – Current Developments Click Here to view the Presentation |
| 16.00 – 16.30 | Marc Hein, Chairman, Financial Services Commission, Mauritius Mauritius – Recent Fiscal Regulatory Developments Click Here to view the Presentation |
| 16.30 – 17.00 | Break |
| Session | |
| Late Afternoon | |
| Chairman | Jairaj Purandare, Chairman, JMP Advisors, India (former Senior Partner, PricewaterhouseCoopers, India) |
| 17.00 – 18.00 | Joint Panel Discussion I: Some selected examples of Tax and Treaty Conflicts – Should Treaty Shopping be permitted? Is Double Non-taxation acceptable? How relevant should Domestic Law be for Treaty Interpretation? led by Jairaj Purandare; Panelists: Michael Lang, Austria – Porus Kaka, India – Pramod Kumar, India – Arvid Skaar, Norway – Rajesh Ramloll, Mauritius – Patricia Brown, USA – Marc Hein, Mauritius |
| 18.00 – 18.30 | Guernsey : Jurisdiction of Choice for Cross-border Investment Fiona Le Poidevin, Guernsey Finance & Rajat Ganguly, RKG Consulting Click Here to view the Presentation |
| 18.30 – 19.00 | Advance Diploma in International Taxation (ADIT) – An Overview Joint Presentation by UK Chartered Institute of Taxation and Lexis Nexis (Tolleys) Click Here to view the Presentation |
| 19.00 – 22.30 | Networking Dinner |
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CONFERENCE PROGRAMME – 2013 |
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| Day 2 | |
| 09.30 – 09.45 | Presentation on IFA Congress 2014 – Mumbai, India |
| Session | |
| Emerging International Tax Trends in India | |
| Chairman | Dinesh Kanabar, Deputy CEO, KPMG, India |
| 09.45 – 10.00 | Session Chairman’s Remarks |
| 10.00 – 10.30 | Trends in Indian Tax Policy by Parthasarathi Shome, Minister of State: Finance and Advisor to Finance Minister, Government of India |
| 10.30 – 11.00 | A Legal Perspective by Mohan Parasaran, Solicitor General, India |
| 11.00 – 12.00 | A Practitioner’s Perspective by Ajay Vohra, Mukesh Butani & Arvind Datar (Senior Advocates in India) Click Here to view the Presentation Click Here to view the Presentation |
| 12.00 – 13.00 | Global Impact of Indian Tax Trends – Panel Discussion led by Dinesh Kanabar. Panelists: Mohan Parasaran – Arvind Datar – Ajay Vohra – Mukesh Butani, chaired by Parthasarathi Shome (all from India). |
| 13.00 – 14.00 | Lunch |
| Session | |
| INTERNATIONAL TAX STRUCTURING FOR INVESTING ABROAD (Option A) | |
| Chairman | Nishith Desai, Founder, Nishith Desai Associates, India |
| 14.00 – 14.30 | Jeffrey Owens, Professor & Director of the Global Tax Policy Center, WU, Austria (former Director, OECD, Paris) Base Erosion and Profit Shifting (BEPS) – An Overview Click Here to view the Presentation |
| 14.30 – 15.00 | Jon Bischel, Professor and Author on International Taxation, United States Tax Conflicts for Multinationals under BEPS Click Here to view the Presentation |
| 15.00 – 16.00 | Base Erosion and Profit Shifting (BEPS) : An International Tax Issue – Panel Discussion led by Bobby Parikh, India. Panelists: Jeffrey Owens, UK – Jon Bischel, USA – Vaughan Heberden, Mauritius – Stef van Weeghel, Netherlands – Liselott Kana, Chile – Promila Bhardwaj, India |
| 16.00 – 16.15 | Discussion and Questions |
| 16.15 – 16.30 | Session Chairman’s Remarks |
| Session | |
| Tax and Treaty Conflicts (Option B) | |
| Chairman | Satya Poddar, Partner, Ernst & Young, India |
| 14.00 – 15.00 | Impact of Domestic Tax Changes in India on its Tax Treaty Policy – Panel Discussion led by Satya Poddar. Panelists: Pranav Sayta, India – Rama Sithanen, Mauritius – Carol Dunahoo, USA – Ashish Kumar, India – Gurbachan Singh, Singapore – Pinakin Desai, India Click Here to view the Presentation |
| 15.00 – 16.00 | Enhanced Relationship in Developing Countries: Is it feasible? – Panel Discussion led by Ajay Vohra. Panelists: Shanker Iyer, Singapore – Bela Mao, India – Marc Levey, USA – Kamlesh Varshney, India – Bijal Ajinkya, India – Ranjana Gupta, New Zealand Click Here to view the Presentation |
| 16.00 – 16.30 | Framework for new GST Tax in India – An Update – Panel Discussion on led by Satya Poddar. Panelists: Prashant Deshpande, Deloitte, India – Sachin Menon, KPMG, India – Rohan Shah, Economic Laws Practice, India. Click Here to view the Presentation |
| 16.30 – 17.00 | Break |
| Session: | |
| Late Afternoon | |
| Chairman | Kiran Umrootkar, Trustee, Foundation for International Taxation, India |
| 17.00 – 18.00 | Emerging Tax Controversies for Multinationals in India – Panel discussion led by Shefali Goradia. Panelists: William Husthwaite, Shell, Singapore – Rupak Saha, GE, India – Pinky Mehta, Aditya Birla Group, India – Catherine Damelincourt, Alstom, France – Peter Barnes, GE, USA – Daksha Baxi, India Click Here to view the Presentation |
| 18.00 – 19.00 | Conflicts under India/USA Tax Treaty – Presentations by Carol Tello (US) and Shefali Goradia (India) followed by panel discussion led by Jairaj Purandare. Panelists: Dan Berman, USA – Carol Dunahoo, USA – Gokul Chaudhri, India – PVSS Prasad, India – Carol Tello, USA – Shefali Goradia, India Click Here to view the Presentation |
| 19.00 – 22.00 | Networking Dinner |
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CONFERENCE PROGRAMME – 2013 |
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| Day 3 | |
| Chairman & Guest of Honour | Justice S. H. Kapadia, former Chief Justice of India Coordinated and led by Mukesh Butani, Managing Partner, BMR Legal, India |
| 09.00 – 10.30 | Joint Panel Discussion II – Should international taxation be based on “Morality” or “Legality”? Panelists: Jeffrey Owens, UK – Michael Lang, Austria – Pramod Kumar, India – Arvind Datar, India – Rajesh Ramloll, Mauritius – Akhilesh Ranjan, India – Mohan Parasaran, India. Concluding remarks by Justice S. H. Kapadia. Click Here to view the Presentation |
| 10.30 – 11.00 | Break |
| Session | |
| Tax and Treaty Conflicts (Option A) | |
| Chariman | Pranav Sayta, National Leader & Partner, Ernst & Young, India |
| 11.00 – 11.30 | Rafic Barrage, Partner, Baker & McKenzie, United States Taxation of Electronic Commerce – Issues in Cloud Computing Click Here to view the Presentation |
| 11.30 – 12.30 | International Tax Conflicts in Electronic Commerce Panel Discussion led by Pranav Sayta. Panelists: Rafic Barrage, USA – Rashmin Sanghvi, India – Shreya Rao, India – Rohinton Sidhwa, India – Carol Tello, USA – Peter H. Blessing, USA |
| 12.30 – 13.00 | Discussion and Questions |
| Session | |
| Transfer Pricing Developments (Option B) | |
| Chairman | Uday Ved, Senior Partner, KPMG, India Coordinated and led by Caroline Silberztein, Baker & McKenzie, France |
| 11.00 – 12.00 | Panel Discussion on Interaction of Transfer Pricing and Base Erosion and Profit Shifting: Is the future still Arm’s Length? How is the Changing Landscape affecting OECD Transfer Pricing Guidelines? Panelists: Akhilesh Ranjan India – Michelle Levac, Canada – Marc Levey, USA – Peter Barnes, USA – Vijay Iyer, India – Karishma Phatarphekar, India Click Here to view the Presentation Click Here to view the Presentation |
| 12.00 – 13.00 | Panel Discussion on Transfer Pricing in Emerging Countries: What should Foreign Investors know and do? Panelists: Michelle Levac, Canada – Catherine Damelincourt, France – Monique van Herksen, The Netherlands – Promila Bhardwaj, India – T. P. Ostwal, India – Vinod Mangotra, India Click Here to view the Presentation |
| 13.00 – 14.00 | Lunch |
| Session | |
| Recent International Tax Developments (Option A) | |
| Chairman | N. C. Hegde, Senior Partner, Deloitte, India |
| 14.00 – 14.30 | Dan Berman, Partner, McGladrey LLP, United States International Tax Developments in North America Click Here to view the Presentation  |
| 14.30 – 16.00 | Gross source withholding v/s Net residence credit – Panel Discussion led by Stef van Weeghel. Panelists: Sushil Lakhani, India – Marcus Desax, Switzerland – Dan Berman, USA – N. C. Hegde, India – Shanker Iyer, Singapore |
| Session | |
| Transfer Pricing Developments (Option B) | |
| Chairman | Shyamal Mukherjee, Joint Head of Tax, PricewaterhouseCoopers, India |
| Presided by | B. M. Singh, former Chairman of Central Board of Direct Taxes, India |
| 14.00 – 14.30 | Kamlesh Varshney, Commissioner of Income tax (APA), India Recent Transfer Pricing Developments in India Click Here to view the Presentation |
| 14.30 – 16.00 | Panel Discussion led by T. P. Ostwal, India on Future Business Models for Managing Global Companies: What is the Global Overview of Transfer Pricing Disputes in Future? Would OECD and UN Transfer Pricing Guidelines succeed in resolving them? How do the Indian and Chinese Approaches differ from OECD Guidelines Panelists: Akhilesh Ranjan, India – Michelle Levac, Canada – Peter Barnes USA – Caroline Silberztein, France – Jeffrey Owens, UK – G. C. Srivastava, India Click Here to view the Presentation |
| 16.00 – 16.45 | Sumit Bose, Revenue Secretary, Ministry of Finance, India |
| 16.45 – 17.15 | Break |
| Joint Final Session – Recent International Tax Developments in India | |
| Chairman | B. M. Singh, former Chairman, Central Board of Direct Taxes, India |
| 17.15 – 17.30 | Session Chairman’s Remarks Panel Discussions on: |
| 17.30 – 18.10 | Recent Developments in Transfer Pricing in India led by Vijay Iyer – Partner, Ernst & Young, India. Panelists: Karishma Phatarphekar – G. C. Srivastava – Vinod Mangotra – Kamlesh Varshney – Rajesh Simhan (all from India) Click Here to view the Presentation |
| 18.10 – 18.50 | Recent International Tax Cases and other Developments in India led by T. P. Ostwal, Panelists: Hitesh Gajaria – Rohan Shah – N. C. Hegde – Bijal Ajinkya (all from India) |
| 18.50 – 19.00 | Concluding Remarks |
