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Curtain comes down on Seoul Congress with deliberations on international tax dispute hotbeds

By Wednesday's standards, wherein we witnessed a spirited debate on the future of the international tax system, with the charge led by OECD Tax Policy Director, yesterday almost seemed like back to normalcy as the Seoul Congress wound up with the session that is an annual feature - 'Recent Trends in International Taxation.'

Click here to read the key takeaways from the panel discussions on the last day of the Seoul Congress, alongwith Knowledge Partner DTS's take on the same.

'Uncertain' future of ALP dominates Seoul Congress deliberations as Pascal Saint-Amans unveils new debate

There are certain moments in history that shape the future of international tax landscape... we probably witnessed that yesterday at the Seoul Congress, where  a passionate debate ensued over the efficacy of the Arms Length Principle (ALP) and with the USA giving a big thumbs down to the ALP standard that has stood the test of time until now, questions were raised over its uncertain future...

Click here to read the minute by minute account of the riveting panel discussion yesterday at the IFA Congress in Seoul, as also our Knowledge Partner DTS's take on the same. 

IFA Congress mulls technology solutions to withholding tax, digital economy puzzles

Day 2 of technical deliberations at the Seoul Congress focused on the touchy topic of Withholding Tax, that incidentally made its way into the plenary session for the first time ever at an IFA Congress!  

The Panel kicked off the discussion by raising an interesting question about why withholding tax has not evolved along with advancement in technology and wondered why it did not form part of the BEPS Project....

Click here to read the session summaries on Day 2 of the IFA Congress as also our Knowledge Partner DTS's take on the same. 

Hot-button tax issues at forefront as technical sessions get underway at Seoul Congress

The technical deliberations at the Seoul Congress kicked off yesterday in right earnest, with a platter full of 'Anti-Avoidance' and 'Alternate Dispute Resolution.' It was also a day of acronyms, with the plenary session seeing buzzwords like GAAR, SAAR & TAAR while the post lunch session witnessed the use of terms - ADR, CDR & SDR...

Click here to read the session wise summaries of the proceedings as also our Knowledge Partner DTS's take on the same.

Korean 'rhythm', IFA President Murray Clayson's BEPS discourse kick-start Seoul Congress

Time flies, they say... It sure does. It feels like yesterday when the BEPS project was announced by the G-20 and the draft Action Plans were put out for public comments by the OECD. 5 years have passed in a 'jiffy'... but BEPS still is dominating the international tax discourse, as was evident at the Opening Ceremony of Seoul Congress last evening.And if you think Koreans are only 'workaholics', they proved us wrong with their 'fun' part on display as they put on a dazzling show of the Korean culture, a rich 5000 years history!

Click here to read all the details and view images from the impressive Opening Ceremony at the Rio Congress.

From the President's Desk

I am delighted to welcome all delegates and Taxsutra readers‎ to the 72nd IFA Congress which opens tonight in Seoul. We expect around 1,600 delegates from 87 different countries...

Click here to read IFA President Mr. Murray Clayson's Welcome Note for Congress delegates and Taxsutra readers.  

IFA Congress Technical Session Previews - By Kuntal Dave, Partner, DTS & Associates

Technical Session Previews - By Kuntal Dave, Partner, DTS & Associates. 

Click here to read Mr. Kuntal Dave's take on IFA Congress technical Sessions. 

IFA Cahiers - The Key Takeaways

The 850+ pages Cahiers contain General Report, EU report and branch reports from 42 countries on the topic of “Anti-avoidance measures of general nature and scope – GAAR and other rules”. The analysis of this year’s topic refers to general anti-avoidance statutory rules and judge-made doctrines without focusing on the BEPS plan, the changes in the OECD models or the European Union Anti-Tax Avoidance Directive – ATAD. The Cahiers on the second plenary topic “Withholding tax in the era of BEPS, CIVs and digital economy” too contains incisive analysis of provisions prevalent in various countries and global trends. The general report  identifies and compares the frameworks for withholding taxes used in various jurisdictions, taking into account both domestic and international settings.

Click here to read the key highlights of 800 + pages report on Anti-avoidance measures of general nature and scope – GAAR and other rules and on Withholding tax in the era of BEPS, CIVs and digital economy.  

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