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India Tax Forum - September 4 & 5, 2013 - The Leela Palace, New Delhi


Agenda    

















Download the PDF agenda here.

DAY 1

09.00 Registration and breakfast

09.50 Opening remarks
Ralph Cunningham
, Managing Editor, International Tax Review

10.00 Keynote address
Parthasarathi Shome
, Adviser (Minister of State) to Indian Finance Minister, Government of India

10.20 The future for the Indian tax system
The Indian government wants to create a stable and predictable tax system that taxpayers find easy to comply with, but also raises the right amount of revenue. Taxpayers need to know how it will do this as they will base their investment decisions on the outcome

  • How the Vodafone case might be resolved
  • Will the Direct Taxes Code be the start of a new government approach to tax?
  • The impact of the 2014 election on tax policy
  • India’s role in global tax policymaking
  • BRICS’ cooperation on tax issues: how far could it go? 
  • The Shome Committee: are retrospective amendments off the table now as a policy instrument?

Ralph Cunningham, Managing Editor, International Tax Review (moderator)
Amit Rana, Vice-President, Taxes, GE

10.45 Coffee and tea

11.15 Transfer pricing focus: Discussion of recent trends
The Indian tax authorities continue to keep cross-border related-party transactions firmly in their sights. The TP adjustments have been increasing manifold which is resulting in higher costs of doing business in India. As TP issues, amendments, disputes and dispute resolution including advance pricing agreements continue to be in the limelight, taxpayers seek certainty in the wake of the unprecedented litigation currently being faced. The panel discussion shall cover a 360 degree perspective on recent trends and what they mean for MNCs doing business in India.

  • Emerging issues such as contract R&D, location savings and intangibles
  • Lessons from landmark litigation in the year gone by
  • Dispute resolution - Silver lining in the increasing dark clouds
  • APAs - experience so far and tax payers expectations

Rohan Phatarphekar, Partner and National Leader, Global Transfer Pricing Services, KPMG (moderator)
Alpana Saksena, Executive Director, Tax & Transfer Pricing Dispute Resolution, KPMG
Kamlesh Varshney
, Commissioner, Advance Pricing Agreements (APA)
Shri Ganpati Bhat
, Director of Income Tax Transfer Pricing, )-I Delhi
Mahesh Jain
, Country Head - Tax, Dupont India

12.30 Lunch

13.30 Models for Limited Risk Structures
Increased globalisation and enhanced focus on centralisation has triggered the need for limited risk structures. How do these limited risk structures operate?What are their features?What advantages do limited risk structures have for the taxpayers over the traditional full risk entrepreneurial structures?

  • Division of roles and risks between entities under various operating models for limited risk structures
  • Potential exosure of constituting a permanent establishment (PE) under limited risk structures- The Indian context
  • International jurisprudence to understand PE exposure under limited risk structures
  • Transfer pricing models for limited risk structures and possible profit attribution strategies to mitigate possible PE attribution exposure

Rajiv Anand, Partner, Deloitte (moderator)
Tarun Arora, Partner, Deloitte
Sunil Sayal,
Regional Chief Financial Officer, Nokia Siemens Network
Nitin Gupta
, Director- Tax and Trade, Alcatel Lucent India Limited

14.45
Coffee and tea

15.15 How dispute resolution can be made work for all
Disagreements with the tax authorities are almost inevitable. If it is to work, the route to resolving to them has to be affordable and easy to access. Having the right strategy in place could save your company millions in legal costs and penalties. Get practical tips on how to manage Indian disputes and why steering clear of disputes is vital if your business is to grow

  • Preventing a challenge to your tax structuring
  • DRP, ITAT, AAR: how they need to change
  • Tips for managing a tax dispute with the authorities
  • Challenges before Indian dispute resolution mechanism, and measures required to be taken to increase its efficacy
  • Case study: Lessons from some of the biggest non-TP litigation of the year

Sumeet Khurana, Joint Director & Practice Head, Lakshmikumaran & Sridharan (moderator)
Pramod Kumar, Member, Income Tax Appellate Tribunal Kolkata
Shivadass G
, Executive Partner, Lakshmikumaran & Sridharan

16.30 Tax risk management from an Indian context
Companies manage their tax affairs in different ways. It often depends on what business they are in. What is clear that automation through the implementation of a tax technology programme can save time and resources

  • Intercompany transactions that accord with your internal transfer pricing policies, and meet global documentation requirements
  • Cashflow improvement and mitigation of indirect tax data errors
  • Tax process automation

Ralph Cunningham, Managing Editor, International Tax Review (moderator)
Rajan Verma, CFO, Thomson Reuters 
Siddharth Mehta
, Director, Indirect Tax, Tax & Regulatory Services, KPMG
Milind Joglekar
, Head - Taxation (India Region), Lenovo
Vijay Iyer
, Tax Partner & National Leader, Transfer Pricing, Ernst & Young

17.45 Chairman’s closing remarks


DAY 2

09.00 Registration

10.00 Opening remarks
Ralph Cunningham
, Managing Editor, International Tax Review

10.15 GST and indirect tax
The Revenue Secretary has told taxpayers they should expect more complex audits and rigorous enforcement procedures for indirect taxes. Taxpayers must make sure they have robust arrangements in place so they are ready for this tougher scrutiny and to ensure compliance. At the same time, a final decision is awaited on when the national GST will be introduced. The new tax is not a shock to taxpayers, but they still need to be ready to comply when the green light is given

  • What you need to do to prepare properly for an audit
  • How the Voluntary Compliance Encouragement Scheme will work
  • The risks from audits by multiple government agencies
  • GST update
  • What is left to be done to make GST a reality

S Madhavan, Co-Chair, FICCI GST Taskforce (moderator)
Atul Gupta, Vice President, Taxes, GE
Mangesh Gondavale
, Deputy Commissioner of Sales Tax & Member Secretary GST Working Group, Government of India Maharashtra
Mekhla Anand
, Principal Associate, Amarchand & Mangaldas & Suresh A Shroff & Co
Prashant Deshpande
, Partner, Deloitte

11.30 Coffee and tea

12.00 International Tax Developments
Politicians, officials and taxpayers agree that international tax rules need to change to deal with a globalised, digital world. It is an effort that will affect everyone, even countries outside the G20. But many questions arise: how does India regard possible changes? How will they affect its own tax policy? What impact will tax changes elsewhere have on outbound investments by Indian companies?

  • The OECD’s BEPS action plan – pluses and minuses
  • What we can learn from India’s recent tax treaties
  • How US tax reform and global tax changes could interact
  • Outbound M&A transactions: the role of conduit jurisdictions if global tax reform takes place
  • Local anti-avoidance provisions and their impact on your deal structure

Krishan Malhotra, Head - Taxation, Amarchand & Mangaldas & Suresh A Shroff & Co (moderator)
Gaurav Chadha, Senior Manager – Taxation, India, Huawei Telecommunications
Abhishek Chawla
, Head of Tax, Xerox India
Amit Gupta
, Director – Tax, South Asia, Dell

13.15 Lunch

14.15 Anti-avoidance: get ready for 2016
The GAAR, which was introduced in Finance Bill, 2012, has been deferred until April 1 2015, on the recommendation of an expert committee. But taxpayers cannot afford to forget about it for the next two years. Guidance should give them a head start on understanding how it will operate alongside other anti-avoidance provisions

  • The expert committee’s approach to the GAAR
  • Interaction of the GAAR with other anti-avoidance measures
  • The effect of the UK general anti-abuse rule on India’s GAAR guidance
  • Tips so you are ready for 2015
  • Lessons from across the world

Rajesh Athavale, Partner, BK Khare & Co (moderator)
Jayesh Thakur, Partner, BK Khare & Co
Amit Maheshwari, Partner, Ashok Maheshwary & Associates

15.45 Chairman’s closing remarks


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