conference_presentation_2012

DECEMBER 6-8, 2012
ITC MARATHA HOTEL, MUMBAI

CONFERENCE PROGRAMME – 2012
Thursday, December 6, 2012 – ITC MARATHA

Day 1
08.00 – 20.00	Registration
10.00 – 10.15	Welcome to the Conference
Session
SUBSTANCE AND FORM IN INTERNATIONAL TAXATION “PLENARY SESSION”
Chairman	SohrabDastur, Senior Advocate, India
10.15 – 10.55	“Klaus Vogel” Speaker: Frederik Zimmer, Professor, Faculty of Law, University of Oslo, Norway Substance and Form – Some General Issues *Click Here to view the Presentation*
10.55 – 11.35	Andrew Dawson, Her Majesty Revenue & Customs, United Kingdom *Substance and Form under Model Tax Treaties* *Click Here to view the Presentation*
11.35 – 12.15	Michael Durst, Tax Attorney, United States *Substance and Form and Transfer Pricing* *Click Here to view the Presentation*
12.15 – 12.45	Bruno Gangemi, Partner, Macchi di Cellere, Studio Legale, Italy *Substance and Form â€“ A European View* *Click Here to view the Presentation*
12.45 – 13.00	Session Chairman’s Remarks and Questions
13.00 – 14.00	Lunch
Session
SUBSTANCE AND FORM IN PRACTICE
Chairman	Ketan Dalal, Joint Head of Tax, PricewaterhouseCoopers, India
14.00 – 14.30	U.S. – Marc Levey, Partner, Baker & McKenzie, United States *Click Here to view the Presentation*
14.30 – 15.00	India – Pramod Kumar, Member, Income Tax Appellate Tribunal, India *Click Here to view the Presentation*
15.00 – 15.30	Brazil – Marcos Valadao, Professor of Law, Catholic University of Brasilia, Brazil *Click Here to view the Presentation*
15.30 – 16.00	Canada – Al Meghji, Partner, Osler, Hoskin & Harcourt, Canada *Click Here to view the Presentation*
16.00 – 16.30	U.K. – Nikhil Mehta, Barrister, United Kingdom *Click Here to view the Presentation*
16.30 – 17.00	Tea Break
17.00 – 18.00	Panel Discussion I – Economic Substance over Form in International Taxation – A Myth or Reality ? A panel discussion led by Jairaj Purandare, former Senior Partner, PwC, India and chaired by Dr. Parthasarathi Shome, Director and Chief Executive, ICRIER, New Delhi – Panellists: Mary Bennett, United States; Bruno Gangemi, Italy; Ana Utumi, Brazil; Frederik Zimmer, Norway
SPECIAL PRESENTATION
18.00 – 18.30	Geoff Cook & Richard Teather, Jersey Finance, Jersey *Demonstrating Substance – Applying Case Law in an offshore Context* *Click Here to view the Presentation*
18.30 – 19.00	Ambassador. (Mrs.) Usha Dwarka-Canabady, Ministry of Foreign Affairs, Mauritius *Mauritius as an International Financial Centre with particular reference to India -Mauritius Tax and Treaty Issues*
19.00 – 22.30	Networking Dinner (Supported by Jersey Finance)
CONFERENCE PROGRAMME – 2012 Friday, December 7, 2012 – ITC MARATHA
Day 2
Session
EMERGING ISSUES IN INDIAN INTERNATIONAL TAXATION
Chairman	Dinesh Kanabar, Deputy CEO and Chairman Tax, KPMG, India
09.00 – 09.15	Chairman’s Remarks
09.15 – 09.45	Professor Parthasarathi Shome, Director and Chief Executive, ICRIER, New Delhi Emerging Issues in Indian International Taxation â€“ Special Address
09.45 – 10.15	Girish Dave,former Director of International Taxation, India Overview of Vodafone case in India and Indian Tax Policy *Click Here to view the Presentation*
10.15 – 10.45	Shefali Goradia,International Tax Partner, BMR Advisors, India Recent Developments in General Anti-avoidance Rules (GAAR) in India *Click Here to view the Presentation*
10.45 – 11.15	Uday Ved,Senior Partner and former Head of Tax, KPMG, India Indirect Transfers and Retrospective Legislation in India *Click Here to view the Presentation*
11.15 – 11.45	Alpana Saksena,Director, KPMG, India Indiaâ€™s New Advance Pricing Arrangement (APA) Program *Click Here to view the Presentation*
11.45 – 12.45	2012 Supreme Court Vodafone Decision and Subsequent Developments Discussion led by Dinesh Kanabar on the 2012 Indian Supreme Court decision in Vodafone appeal case, its retrospective amendment and subsequent developments Panellists: Girish Dave, India; Al Meghji, Canada; Nikhil Mehta, United Kingdom; Mohan Parasaran, India; Mukesh Butani, India.
12.45 – 13.00	Discussion and Questions
13.00 – 14.00	Lunch
Session
INTERNATIONAL TAX STRUCTURING FOR INVESTING ABROAD
Chairman	Nishith Desai, Founder, Nishith Desai Associates, India
14.00 – 15.00	International Tax Issues affecting Multinationals Discussion led by Nishith Desai – Panellists: Peter Barnes, General Electric, United States; Catherine Damelincourt, Alstom Group, France; S. Mahalingam, Tata Consultancy Services, India
15.00 – 16.00	Transfer Pricing Rules for Developing Countries – Issues and Options Discussion led by T P Ostwal, India – Panellists : Michael Durst, United States; Michael Lennard, United Nations; Caroline Silberztein, France; Stig Sollund, Norway; Marcos Valadao, Brazil
16.00 – 16.30	Discussion and Questions
16.30 – 17.00	Tea Break
Session
INDIRECT TAXATION DEVELOPMENTS
Chairman	Satya Poddar, Head of Indirect Tax Practice, Ernst & Young, India
14.00 – 14.15	Chairman’s Remarks
14.15 – 14.45	Marie Pallot, Head of VAT Policy, New Zealand *Considerations in Taxation of Financial Services* *Click Here to view the Presentation*
14.45 – 15.15	Sachin Menon, Head of Indirect Taxation, KPMG, India *Taxation of Services: Overlaps in Centre-State Division of Taxation Powers* *Click Here to view the Presentation*
15.15 – 16.30	Controversies in Taxation of Services in India Discussion led by Satya Poddar – Panellists: Prashant Deshpande, Deloittes, India; Sachin Menon, KPMG, India; Rohan Shah, Economic Laws Practice, India; and invited speakers from corporates and government.
16.30 – 17.00	Tea Break
SPECIAL PRESENTATION
Chairman	Kiran Umrootkar, Trustee, Foundation for International Taxation, India
17.00 – 17.30	Gregory Jones, Director of Taxation, KPMG, Isle of Man *Tax Structuring Opportunities using Isle of Man for Investing in the UK and European Union* *Click Here to view the Presentation*
17.30 – 18.00	Thomas Hanzely, Managing Director, BBD Enterprises, Bahrain *Middle East-Recent International Tax Developments* *Click Here to view the Presentation*
18.00 – 18.30	Dermot S.L. Butler, Chairman, Custom House Group, Malta *Non-tax costs of Regulatory Changes* *Click Here to view the Presentation*
18.30 – 19.00	Pascal Janssens, Partner, PricewaterhouseCoopers, Belgium *Belgium â€“ Investment Incentives and Tax Advantages* *Click Here to view the Presentation*
19.00 – 22.00	Networking Dinner
CONFERENCE PROGRAMME – 2012 Saturday, December 8, 2012 – ITC Maratha
Day 3
08.30 – 10.30	Panel Discussion II : Substance and Form – Role of the Judiciary A panel discussion led by Mukesh Butani, Managing Partner, BMR Legal, India and chaired by Justice S.H. Kapadia, former Chief Justice of India – Panellists: Arvind Datar, Senior Advocate, India; Marc Levey, United States; Marcos ValadÃ£o, Brazil; Frederik Zimmer, Norway; and Hon. G.E.Veerabhadrappa, former President â€“ Income Tax Appellate Tribunal, India.
10.30 – 11.00	Coffee Break
Session
RECENT DEVELOPMENTS IN THE MODEL TREATIES
Chairman	Pranav Sayta, National Leader & Partner, Ernst & Young, India
11.00 – 11.30	Michael Lennard, Chief, International Tax Cooperation Section, United Nations *United Nations Treaty Model-The 2012 Update* *Click Here to view the Presentation*
11.30 – 12.00	Mary Bennett, Partner, Baker & McKenzie, United States *OECD Treaty Model-Recent Developments* *Click Here to view the Presentation*
12.00 – 13.00	Substance and Form and Tax Treaties Discussion led by Pranav Sayta – Panellists: Mary Bennett, United States; Andrew Dawson, United Kingdom; Michael Kobetsky, Australia; Michael Lennard, United Nations; Stig Sollund, Norway
13.00 – 14.00	Lunch
Session
SOME REGIONAL TAX DEVELOPMENTS
Chariman	M. Lakshminarayanan, Managing Partner – Tax, Deloitte, India
14.00 – 14.30	Shreya Rao, Senior Tax Lawyer, Nishith Desai Associates, India *Developments in India* *Click Here to view the Presentation*
14.30 – 15.00	Bruno Gangemi, Partner, Macchi di Cellere, Studio Legale, Italy *Developments in Europe* *Click Here to view the Presentation*
15.00 – 15.30	Ana Claudia Akie Utumi, Partner, Tozzini Freire Advogados, Brazil *Developments in Latin America* *Click Here to view the Presentation*
15.30 – 16.00	Veerinderjeet Singh, Chairman, Taxand Malaysia *Developments in Asia (ex. India)* *Click Here to view the Presentation*
16.00 – 16.30	Discussion & Questions
16.30 – 17.00	Tea Break
Session
TRANSFER PRICING DEVELOPMENTS
Chairman	Uday Ved, Executive Director & Head of Tax, KPMG, India
11.00 – 12.00	Intangibles: Transfer Pricing or Anti-Abuse? Definition and Ownership Issues
12.00 – 13.00	Intangibles: Goodwill, Location Savings, Valuation Methods Discussions led by Caroline Silberztein – Panellists: Peter Barnes, GE, United States; Michelle Levac, Canada Revenue Authority, Canada; Marc Levey, Baker & McKenzie, United States; Marlies de Ruiter, OECD, Paris. Caroline Silberztein, Baker & McKenzie, France
13.00 – 14.00	Lunch
Session
TRANSFER PRICING – REGIONAL DEVELOPMENTS
Chairman	Shyamal Mukherjee, Joint Head of Tax, PricewaterhouseCoopers, India
14.00 – 14.30	Stig Sollund, Director General, Tax Law Dept., Ministry of Finance, Norway *United Nations – Practical Transfer Pricing Manual for Developing Countries* *Click Here to view the Presentation*
14.30 – 15.00	North America – Al Meghji, Partner, Osler, Hoskin & Harcourt, Canada *Click Here to view the Presentation*
15.00 – 15.30	Australia – Michael Kobetsky, Professor, Melbourne University *Click Here to view the Presentation*
15.30 – 16.00	India – Rahul Mitra, Partner, PricewaterhouseCoopers, India *Click Here to view the Presentation*
16.00 – 16.30	OECD – Marlies de Ruiter, Head of Tax Treaty, Transfer Pricing & Financial Divs., Paris *Click Here to view the Presentation*
16.30 – 17.00	Tea Break
17.00 – 18.00	Panel Discussion III : Recent Indian Cases and Developments in Transfer Pricing – A panel discussion with selected conference speakers and delegates led by Vijay Iyer, National Transfer Pricing Leader & Partner, Ernst & Young, India. Panellists currently include Vinod Mangotra, ex Revenue â€“ KPMG, India; Rohan Phatarpekar, KPMG, India; Karishma Phatarpekar, Grant Thornton, India; and Sanjay Tolia, PricewaterhouseCoopers, India. The session will be recorded by CNBC – TV18.
18.00 – 18.55	Panel Discussion IV : Recent Indian Cases and Developments in International Taxation – A panel discussion with selected conference speakers and delegates led t by T P Ostwal, Partner, T P Ostwal Associates, India. Panellists currently include Bijal Ajinkya, Nishith Desai Associates, India; Gokul Chaudhri, BMR Advisors, India; Sunil Shah, Deloitte, India; and G C Srivastava, ex Revenue, India. The session will be recorded by CNBC – TV18.
18.55 – 19.00	Concluding Remarks