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Webinar: DAC6 & ATAD II
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5/19/2020
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When:
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Tuesday, May 19, 2020
2:00 PM - 3:30 PM PDT
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Where:
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Virtual
United States
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Contact:
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IFA USA
info@ifausa.org
866-298-9464
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Online registration is closed.
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« Go to Upcoming Event List
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| Date: |
Tuesday, May 19, 2020
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| Time: |
5:00 pm –6:30 pm EDT
4:00 pm – 5:30 pm CDT
3:00 pm – 4:30 pm MDT
2:00 pm – 3:30 pm PDT
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| Panels: |
DAC6
Under the EU-Directive 2018/882/EU (also known as DAC6, Mandatory Disclosure Rules), multinationals with a European presence, as well as advisers, lawyers, and banks as intermediaries are obliged to report certain cross-border tax arrangements. While the rules are generally intended to tackle aggressive tax planning, they go far beyond and cover day-to-day transactions like group cash-pool arrangements, debt to equity swaps, and payments to taxpayers who benefit from a preferential tax regime like a patent box. The rules will impact advisors working European counterpart firms. In addition, financial statement auditors may begin to ask for evidence that application of the rules was considered as part of advice on transactions and that arrangements are being tracked in anticipation of disclosure in 2020. The scope includes arrangements not only within the EU but also between an EU and non-EU country, including EU-U.S. arrangements. The reports will be automatically exchanged among other EU member states. In certain cases, responsibility for disclosing will fall entirely on taxpayers.
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Panelists: |
Francois Chadwick, Uber
Alice Wohn, Viacom CBS
Larissa Neumann, Fenwick and West
Maarten Maaskant, PWC
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ATAD II
Building on the OECD’s base erosion and profit shifting (BEPS) project, the EU developed an anti-tax avoidance directive (“ATAD”) that each EU Member State was required to implement. The first phase, ATAD I, established common minimum rules among EU Member States for interest limitation, exit taxation, controlled foreign corporations (CFCs), certain intra-EU hybrid mismatches, and general anti-abuse rules. Whereas the ATAD I anti-hybrid provisions focus on intra-EU transactions and arrangements, ATAD II addresses a broader range of hybrid mismatches, including those with third countries, (i.e., countries outside the EU). EU Member States are required to apply the anti-hybrid provisions of ATAD II starting January 1, 2020 (other than a provision requiring a reverse hybrid to be taxed as a resident to be applied starting January 1, 2022).
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Panelists: |
Rosanna Lee, NetApp
Kees van Meel, KPMG
Claudine Fox, Baker McKenzie
DJ Sloof, Ernst & Young
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| Registration: |
This webinar is free for IFA USA members
Non member rate: $25
Please note that the registration process will be in two steps. First, purchase your pass on our website by clicking the Register button above.
After you complete your registration, you will receive an invitation from the Zoom platform where you will need to complete your registration for the live virtual event.
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