The international dimension of taxation has significantly spread out over the recent years with a worrying inflation of legal uncertainty. Banks are facing this uncertainty from a double perspective. As tax payers, they are liable for the corporate income tax, while as “tax intermediaries” and tax collectors, they have to comply with operational tax requirements originating from their customer relationships.
The European Banking Federation (EBF) is staging a Tax Conference in Brussels on 22 November 2017 to address with stakeholders the tax uncertainty issues banks are facing and to discuss possible solutions to tackle this uncertainty.
The first panel discussion will debate legal uncertainty factors in relation to the OECD Base Erosion & Profit Shifting Action Plan (BEPS), the Anti-Tax Avoidance Directives (ATAD I and ATAD II) and the latest VAT developments.
The second panel discussion will examine withholding tax relief and refund procedures and the client identification and reporting requirements targeting the banking sector, with a focus on the related uncertainty factors, extra-territoriality, operational impacts and reputational risks.
The third panel discussion will consider solutions governments may envisage in order to address this legal uncertainty, taking into consideration the opportunities offered by digital developments, the TRACE Implementation Package and Advanced Dispute Resolution mechanisms.
Since 2014, the EBF Annual Tax Conference is a landmark event for the European banking sector and for our federation, which aims for an active exchange of views with all key stakeholders on pivotal tax questions. Speakers and delegates are coming from Government bodies (OECD, Commission, European Parliament), the industry, the academic world, legal and consulting firms and the International Bureau of Fiscal Documentation. As in previous years, our 2017 Tax Conference is sponsored by Deloitte, PwC.