August 15, 2017 - September 30, 2017  ·  Singapore Marriott Tang Plaza Hotel

DIGITAL ECONOMY SYMPOSIUM 2017

Reimagining Taxation in the Age of Disruption

15 - 16 August 2017 | Singapore


New Economy Taxation (NET LTD) and the Global Tax Policy Center of the WU (Vienna University of Economics and Business) are proud to present the second Digital Economy Symposium on 15-16 August 2017 in Singapore. This event follows the successful inaugural Digital Economy Symposium on New Age Tax, Accounting and Valuation Issues in November 2016 in Singapore.

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:

  • Digitalization and Disruptive Business Models in Asia
  • Disruption to Traditional International Tax Norms
  • Tax Administration and Business Response to Digitalization
  • US Tax Reforms in the Trump Era: Implications for Asia
  • Transfer Pricing and Indirect Tax Challenges

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.

For more information, please contact info@netax.org or maeve.nic.samhradain@wu.ac.at.

AGENDA
Tuesday, August 15
8:30 AM - 9:00 AM
Registration
9:00 AM - 9:15 AM
Opening and Introduction
TY Sim, Founder, New Economy Taxation (NET) Ltd. Prof Dr Jeffrey Owens, Director, WU Global Tax Policy Center, Vienna
9:15 AM - 10:30 AM
Digital Economy Taxation: Tax Challenges and Opportunities in the Digital Era
Keynote opening speech
10:30 AM - 10:45 AM
Break
10:45 AM - 12:00 PM
Session 1: Disruption Explained: Digitalization and Disruptive Business Models in Asia
12:00 PM - 1:15 PM
Lunch
1:15 PM - 3:15 PM
Session 2: Disruption to Traditional International Tax Norms
• PE in a Digitalized World: Deemed Permanent Establishments and Digital Presence • Taxing the Digital Economy from a Policy Perspective: India and China – Disrupters or Pace-Setters? • Treaties – An Inconvenient Truth? Australia’s Diverted Profits Tax, India’s Equalisation Levy • Tax Incentives for the Promotion of High Tech • Are Small Economies Better Placed to Respond than Big Economies?
3:15 PM - 3:30 PM
Break
3:30 PM - 4:30 PM
Session 3A: Braving the New World - The Tax Administration Response
4:30 PM - 5:30 PM
Session 3B: The Business Response - Disrupt or Be Disrupted
5:30 PM - 5:45 PM
Closing Remarks: Day 1
Wednesday, August 16
9:00 AM - 10:45 PM
US Tax Reforms in the Trump Era: Implications for Asia and Impact on Digital Economy
Special feature on the US tax reform proposals
10:45 AM - 11:00 AM
Break
11:00 AM - 12:30 PM
12:30 PM - 2:00 PM
Lunch
2:00 PM - 3:30 PM
Session 2: Growing Indirect Tax Challenges in Asia-Pacific
• Taxing Digital Supplies: VAT and Digital Levies • Valuation Rules for VAT, Transfer Pricing and Customs Duties
3:30 PM - 3:45 PM
Break
3:45 PM - 5:15 PM
Learning Lab: Applying Technology to Tax
An innovative, ground breaking first that will include "live demonstrations" where Vertex Inc. and other technology partners will describe and showcase the latest solutions in applying technology to tax
5:15 PM - 5:30 PM
Closing
SPEAKERS
Professor, Department of Business Administration and Engineering
University of Applied Sciences and Technology
Katarina lectures in Corporate Finance, Accounting and Controlling and is the author of "Project Hurricane". The focus of her research and teaching is blockchain technology with its application possibilities in the real world.
Global Tax Lead for Financial Markets
Standard Chartered Bank, Singapore
Balaji is an International Tax Specialist with experience in Asia and Middle East across a wide range of industries. He advises businesses on product roll-out strategy, ensuring compliance with local and international tax rules.
President/Founder
Chamber of Digital Commerce, USA
Perianne founded the Chamber of Digital Commerce, building it into the world’s largest trade association representing the blockchain industry. She was named among CoinDesk’s “10 Most Influential People in Blockchain 2016” and “Top Woman in Bitcoin 2015”.
Vice Chairman
ICC Taxation Commission
Mukesh specializes in corporate international tax & transfer pricing with significant experience in advising Fortune 500 multinationals and large Indian businesses on FDI policy, business reorganizations, cross-border tax structuring and tax controversy.
Director of Strategic Development and Emerging Markets
Vertex, Inc., USA
David Deputy has decades of experience in finance, accounting, tax and analytics software solutions, with a career spanning international tax planning and financial consolidation solutions, corporate finance and bank regulation.
President and CEO
Vertex, Inc., USA
David DeStefano has served in various executive roles in Vertex, and is currently responsible for the overall strategic direction of Vertex, Inc., its financial performance, corporate culture and brand development.
MAP/APA Analyst
Directorate General of Taxes, Indonesia
Partner, Global Leader, Global Compliance & Reporting
EY Australia
Jon has over 20 years in corporate and international tax in Asia and Europe. He currently specialises in advising clients on global and local compliance and reporting requirements and on how best to structure their functions globally.
OTHER EVENT MATERIALS
SPONSORS
SUPPORTING ORGANIZATIONS
LOCATION
Singapore Marriott Tang Plaza Hotel - 320 Orchard Road Singapore 238865 Singapore

The Organizers

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.

Enquiries:

NET Ltd., Singapore

* info@netax.org



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.

Enquiries:

WU Global Tax Policy Center, Vienna

Ms Maeve Nic Samhradain

* maeve.nic.samhradain@wu.ac.at

https://www.wu.ac.at/en/taxlaw/institute/gtpc/