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    4th Global Tax Policy Conference, June 19, Hilton Schiphol

    Hans van den Hurk will chair the 4th Global Tax Policy Conference at Schiphol’s Hilton hotel on Monday June 19. The subject is twofold. Last couple of years the world is in a continuous stage of change. The OECD BEPS deliverables were published and the implementation has started on several levels. The UN played a major role by presenting the alternatives of the UN supporting countries and also the EU came up with many comparable initiatives. It is expected that in June 2017 the Multilateral Instrument (MLI) will be signed. Besides this all, in the meanwhile many states seem to take deviating positions and the question arises whether OECD is getting the necessary support to make the MLI a success. And if not, what are the alternatives?

    The year 2017 is expected to be the year in which the new era of international tax will start. OECD expects that the MLI will be officially supported by more than 100 supporting states. They will apply the new rules in bilateral situations with other approving states, which in itself is a major step forward. But when we get close to the moment of signing the MLI, newspapers show that more and more countries consider making reservations, sometimes even on issues they cannot make reservations on. And it is being suggested that some states will not sign the MLI at all.

    In the meanwhile the UN is also developing new rules in line with the OECD rules but, as to be expected, on several issues UN goes beyond the level of change OECD is heading for. Clearly, this will make the tax field even more complicated.

    The discussion within UN is always a more difficult one than within OECD since it is hardly possible within UN to reach one solid solution. Clear examples are the practices of China and India.  China came up with the most dynamic transfer pricing rules in the world applicable from  January  1,  2016  on  and  India  is  putting  pressure  on  UN  and participating countries to change existing UN rules in order to be better able to tax the digital economy via new permanent establishment rules and their perspective of how to deal with withholding taxes.

    Last but not least the European Union will come up with a new CCCTB plan in the hope that the member states will accept this after many years of discussion. In the meanwhile, in the US there is already a lot of experience with formulary apportionment and the question therefore arises what we can learn from the United States. Will the disadvantages of formulary apportionment outweigh the benefits of having an easier system in place to challenge tax avoidance and tax evasion?

    From all the above, one thing is clear. Tax policy is like any policy. It is all about how states choose their route in the new international tax world and how they balance their interests against the interest of the rest of the world. During the Global Tax Policy Conference, well-known speakers will address the above-mentioned elements of the evolving international tax policy landscape.

    The Global Tax Policy Conference is designed for government officials, CFOs and tax directors of multinationals enterprises, tax advisors, non-governmental organizations and academics who are interested in global tax policy. The fourth Global Tax Policy Conference will provide the participants greater insight into the developments in global tax policy. Information, insights, and visions provided by renowned speakers from academia as well as governments, civil society, the International Monetary Fund and the United Nations will form the basis for an interactive debate on global tax policy.

    For more information see: https://www.maastrichtuniversity.nl/events/tax-policy-after-mli-and-ccctb-what-can-be-expected