The advent of Blockchain technology, Fintech, Cloud computing, Artificial Intelligence, Big Data Analytics, the Sharing economy, Industry 4.0 and the Internet of Things have disrupted and transformed traditional modes of operations, processes and global value chains in a wide range of industries from financial services to public transportation, and are pushing the existing boundaries of taxation. Tax administrations and tax professionals need to reimagine taxation in this age of disruption and build on the efforts made by the G20/OECD in the Base Erosion and Profit Shifting (BEPS) project in updating the international tax principles in this new digitalized world order.
The Symposium will explore how both businesses and tax administrations are reacting to and managing the disruptive effect of new and emerging business models and technology in Asia, the taxation of the digital economy in the post-BEPS world, including indirect taxes on digital services, as well as the use of new technology to transform tax administration. Participants will have the opportunity to interact with leading regional and international direct and indirect tax, transfer pricing and customs experts, policy makers and administrators, and business leaders in a unique forum.
The Symposium will discuss the following topics:
This year has added significance as it includes a global multi-stakeholder meeting series on the challenges and opportunities presented by Blockchain technology for taxation and tax administration. The first meeting in this series was held in Vienna, Austria on 15 – 16 March 2017 and continues in Singapore at this Symposium, with the third meeting scheduled in New York on 22 May 2018. Apart from transfer pricing, indirect tax and customs valuation perspectives, this meeting series focuses on areas such as beneficial ownership, land registries and payroll taxes, where distributed open ledger technology could potentially transform taxation and tax administration.
New Economy Taxation (NET) Ltd is a non-partisan organization with members from academia and industry who are passionate about the New Economy and its impact on taxation. NET is committed to the pursuit of excellence in high quality research, information and education on international taxation to explore the implications of technological advancements and the constantly evolving business models of the New Economy, particularly in the Asia-Pacific region.
NET Ltd., Singapore
WU GTPC is one of the leading think tanks on the interface between tax policy, tax administration and tax law in today's global economy. It has brought together tax policy makers, tax administrators, tax practitioners and researchers from around the globe. The Center provides a forum for discussions on tax policy formulation and implementation, drawing upon the experiences of developed and developing countries and economies in transition.
WU Global Tax Policy Center, Vienna
Ms Maeve Nic Samhradainhttps://www.wu.ac.at/en/taxlaw/institute/gtpc/