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Planning Around Implemented and Proposed Digital Services Taxes

Venue

This is a virtual event, accessible online and over the phone. Access instructions will be provided after registration.

Description

Though multinationals are waiting for international agreement on the OECD’s proposal on taxing the digital economy and what that could mean for their business, digital taxes have risen to prominence and businesses need to stay on top of the activity. Many countries have implemented a digital services tax or enacted other measures in response to the digital economy in recent years, including many in the European Union, and several other countries are anticipated to enact measures should an international compromise fail to materialize during the summer of 2021.

This webinar will discuss planning strategies in an ever-changing digital tax landscape. We will look into the specifics of implemented and proposed DSTs and other measures and examine which companies and services are being targeted (apps, e-books, online advertising, streaming or download media, etc.). We will discuss how DSTs are imposed and how companies would have to report and remit taxes. We will also discuss the different approaches jurisdictions around the globe are taking that may warrant extra attention.

Educational Objectives:

  • Who is impacted by existing DSTs and what services are targeted?
  • To what extent can non-digital companies be affected?
  • Understand how DSTs are imposed, including VAT/GST provisions
  • To what extent a DST is creditable against other taxes
  • Sunset rules – are these measures threatening an international agreement?

Audience:

  • Corporate tax professionals with an interest in U.S.-international tax
  • Corporate Tax Attorney/Counsel, Controller/Comptroller, CPA/Accountant, General Counsel

Presenters

Sandy Bhogal
  • Partner
  • Gibson, Dunn & Crutcher UK LLP

Sandy Bhogal’s experience ranges from general corporate tax advice to transactional advice on matters involving M&A, corporate finance and capital markets, investment funds, structured and asset finance, insurance, and real estate. He has significant experience with corporate tax planning and transfer pricing, as well as with advising on the development of domestic and cross-border tax-efficient structures. He also assists clients with tax authority enquiries, wider tax risk management, and multilateral tax controversies.

Sandy is listed as a leading tax adviser in Chambers and Legal 500. He is also listed in the World Tax’ Tax Controversy Leaders Guide 2021 and is ranked in the Who's Who Legal editions of Thought Leaders in Corporate Tax. Prior to joining Gibson Dunn, Sandy was head of tax at Mayer Brown. Before that, he was associated with Ernst & Young and with a leading international legal practice.

Mukesh Butani
  • Founder & Managing Partner
  • BMR Legal (India)

Mukesh Butani specialized in domestic corporate international tax and transfer pricing, and has over three decades of experience in advising multinationals and Indian conglomerates on a wide range of matters relating to FDI policy, business re-organizations, cross-border tax structuring, tax controversy and regulatory policy across a range of sectors. He has led International Tax & Transfer Pricing practice for 2 of the Big 4 firms and was co-founder & tax practice leader of BMR Advisors, a leading tax & transaction advisory a firm which transitioned into big 4 firms in 2017. Immediately, after qualifying as a chartered accountant, he spent most of his professional life with Arthur Andersen wherein he became a national partner in 1995 and a partner in Andersen worldwide firm in 1998. Mukesh has participated in many committees of the Indian government & deposed before them on a host of tax issues pertaining to e-commerce, APA, safe harbor, GAAR, indirect transfers tax and in particular, the Kelkar Task Force Tax Reforms (2002) & Tax Administrative Reforms Commission (2013). He is often called upon by Indian policy makers including in particular by NITI Aayog and Prime Ministers Economic Advisory Council on Income-Tax and GST policy matters. 

Guadalupe Díaz-Súnico Aboitiz
  • Partner
  • Lener

Guadalupe Díaz-Súnico Aboitiz joined Lener in 2019 as partner of the financial and tax area of the Barcelona office. With more than 15 years of experience practicing law and tax law at Cuatrecasas, she has broad experience advising international private clients, when migrating to Spain, structuring their net worth and ensuring that their pre-existing structures, such as trusts, private foundations, etc. are tax efficient and compliant after migration.
She is a member of international organizations such as the Society of Trust and Estate Practitioners (STEP), the International Fiscal Association (IFA) and the International Bar Association (IBA), where she is a regular speaker. She is the vice-president of the fiscal section of the International Association of Young Lawyers (AIJA). Guadalupe is a published author and frequently lectures on international tax matters at ESADE.

 

Jesse Eggert
  • Principal, International Tax, Washington National Tax
  • KPMG US

Jesse Eggert advises multinational corporations on U.S. international tax aspects of their structures, operations, and transactions. He specializes in consulting and advising on issues related to international tax policy and tax reform, base erosion and profit shifting (BEPS) implementation, and the interpretation and application of tax treaties.
Prior to joining KPMG, Jesse was a Senior Advisor on the BEPS Project of the Organisation for Economic Co-operation and Developments Centre for Tax Policy and Administration. In addition to serving on the co-ordination team for the BEPS Project, Jesse led the group’s work on the taxation of the digital economy. Prior to joining the OECD, Jesse served the U.S. Department of the Treasury for seven years as an attorney-advisor and later as associate international tax counsel in the Office of Tax Policy.
Earlier in his career, Jesse worked for several Washington, DC based law firms. He has also been an Adjunct Professor at the Georgetown University Law Center. Jesse is a member of the District of Columbia Bar Association. He has a JD degree, magna cum laude, from Cornell Law School and an AB degree with distinction in the College Scholar Program at Cornell University.

 

Alexis Sharp (Moderator)
  • International Tax Analyst
  • Bloomberg Tax

Alexis Sharp is an international tax analyst with Bloomberg Tax and Accounting, where she analyzes and drafts BEPS developments for several Bloomberg International Tax products. Ms. Sharp has a Bachelor of Arts degree from the University of Michigan and a Juris Doctor from the University of Illinois College of Law.

Continuing Education

Credits:
1.2 CPE, 1.0 General COA
Practice Areas:
Field of Study - Taxes
Level:
Any
Production Date:
04/28/2021