Vertex organiseert discussie over uitholling belastinggrondslag en winstverschuiving
Vertex heeft een paneldiscussie over uitholling van de belastinggrondslag en winstverschuiving (base erosion and profit shifting, BEPS) en verslaglegging per land georganiseerd. Het debat viel samen met Vertex’ sponsoring van de U.S. Open van Chambers Bay, het jaarlijkse hoogtepunt van de United States Golf Association (USGA).
In het panelgesprek keken panelleden naar de implicaties die rapportage-eisen met betrekking tot BEPS hebben voor multinationals en belastingautoriteiten, die toegang hebben tot een nieuwe bron van wereldwijde belastinggegevens.
Het panel bestond uit Jeffrey Owens, hoofd van het Centrum voor Internationaal Belastingbeleid van het Instituut voor Oostenrijks en Internationaal Fiscaal Recht aan de Economische Universiteit van Wenen en voormalig hoofd fiscaal recht van de Organisatie voor Economische Samenwerking en Ontwikkeling (OESO); Larry Langdon, vennoot en hoofd internationaal fiscaal beleid van Mayer Brown LLP en voormalig commissaris van de Amerikaanse belastingdienst en vicevoorzitter van de belastingafdeling van Hewlett Packard; en ceo van Vertex Jeff Westphal.
Deze bekendmaking is officieel geldend in de originele brontaal. Vertalingen zijn slechts als leeshulp bedoeld en moeten worden vergeleken met de tekst in de brontaal, welke als enige rechtsgeldig is.
Vertex Hosts BEPS/CbC Panel at U.S. Open Event Featuring Dr. Jeffrey Owens, Former OECD Director and Larry Langdon, Former Commissioner LB&I, IRS
Vertex hosted a panel discussion on Base Erosion and Profit Shifting
(BEPS) and Country-by-Country reporting (CbCR) initiatives for
multinational corporations (MNCs) in conjunction with its sponsorship of
the U.S. Open at Chambers Bay, the annual premier event for the United
States Golf Association (USGA).
The panel featured Dr. Jeffrey Owens, Director, WU Global Tax
Policy Center at the Institute for Austrian and International Tax Law,
WU Vienna University of Economics and Business, who is also a recently
retired Director at the Organisation for Economic Co-operation and
Development (OECD); Larry Langdon, Partner and Director of Global
Tax Practice, Mayer Brown LLP and former commissioner Large Business and
International division (LB&I) at the Internal Revenue Service (IRS)
and
Vice President of Tax at Hewlett Packard; and Vertex CEO, Jeff
Westphal.
During this discussion, the panel examined the implications of BEPS
reporting requirements for both MNCs and revenue authorities who will
have newfound access to worldwide tax reporting data.
“Transparency requirements are increasing, as is the need for standards
around the exchange of tax information,” said Dr. Owens. “Tax
administrations will need to have the capacity to use data in an
effective way, as well as achieve the right balance between tax-based
service and enforcement going forward.”
As MNCs continue to expand, tax authorities aim to close gaps that allow
for non-taxation of income and enact new international reporting
standards. “With BEPS implementation expected by 2017, multinational
corporations are currently anticipating additional transfer pricing
documentation and reporting needs,” commented Langdon. “Due to the
financial and reputational risks of non-compliance, the need for
collaboration with global tax authorities will be paramount.”
“We were honored to have Dr. Owens and Mr. Langdon participate in the
panel discussion at this year’s U.S. Open event,” said Jeff Westphal,
CEO at Vertex Inc. “Their presence offered the top tax and technology
professionals and thought leaders in attendance unique perspectives on
BEPS and CbCR, two significant issues that will challenge the tax
industry in the next few years.”
This discussion follows Vertex’s participation in an informal gathering
of approximately 40 stakeholders representing government, business,
policy and non-governmental organizations at the Global Tax Policy
Center, Vienna University of Business & Economics earlier in 2015.
The
Center plays a unique role as an independent and objective body focused
upon serving the continuous improvement of the global tax system and
Vertex served as a technical advisor. The outcome of the two-day working
session affirmed the risks and concerns as identified, and provided
general agreement amongst the attendees to contribute to the process of
developing a framework for collaboration as it relates to BEPS/CbC
reporting.
About Vertex
Founded in 1978, Vertex
Inc. is the leading provider of corporate tax software and services
for companies of all sizes, from small to medium-sized businesses to
global multinationals.
Vertex solutions enable companies to realize the full strategic
potential of the corporate tax function. The company offers a variety of
products and services that allow businesses to automate, integrate, and
streamline their corporate tax processes. Vertex provides solutions in
every major line of tax including income, sales and consumer use, value
added and payroll. Vertex also offers tailored solutions for specific
industries including retail, communications, hospitality and leasing.
Vertex Managed Services allows companies to outsource sales and use tax
returns and exemption certificate management.
Known for its innovative culture, Vertex is a privately held company
that employs over 900 professionals across the globe, at its
headquarters in the U.S. (Berwyn, Pa.) and offices in Europe (London),
Brazil (São Paulo), Dallas, Fort Collins, Naperville, Phoenix, San
Francisco, Sarasota and Seattle.
For more information about Vertex, visit www.vertexinc.com.
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