Financial sector prepares for significant tax changes

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Financial sector prepares for significant tax changes

canary-wharf-src-unsplash-victor-cudjoe.jpg

Hansuke Consulting held its second Financial Services (FS) Tax Conference on November 18-19 2020.

Tax experts from leading companies and non-governmental organisations discussed practical issues of transparency and integrity. All the signs point to tax transparency expanding in the near future, whether it’s through mandatory disclosure rules or public country-by-country reporting (CbCR).

Achim Pross, head of the OECD’s International Tax Cooperation and Administration Centre, addressed the conference on how the digital tax reform may impact the FS sector. What the OECD decides to do about the online economy this year will determine the future of international policy for finance and every other industry.

Here, ITR journalists Alice Jones and Danish Mehboob offer a snapshot of the discussions and speeches at the conference.

Efficiency and cost savings crucial to global tax transparency success

FS sector should follow four areas in digital tax debate

more across site & shared bottom lb ros

More from across our site

Firms are spending serious money to expand their tax advisory practices internationally – this proves that the tax practice is no mere sideshow
The controversial deal would ‘preserve the gains achieved under pillar two’, the OECD said; in other news, HMRC outlined its approach to dealing with ‘harmful’ tax advisers
Former EY and Deloitte tax specialists will staff the new operation, which provides the firm with new offices in Tokyo and Osaka
TP is a growing priority for West and Central African tax authorities, writes Winnie Maliko, but enforcement remains inconsistent, and data limitations persist
The UK tax agency has appointed six independent industry specialists to the panel
The two tax partners have significant experience and expertise in transactional and tax structuring matters
Katie Leah’s arrival marks a significant step in Skadden’s ambition to build a specialised, 10-partner London tax team by 2030, the firm’s European tax head tells ITR
Increasingly, clients are looking for different advisers to the established players, Ryan’s president for European and Asia Pacific operations tells ITR
Using tax to enhance its standing as a funds location is behind Luxembourg’s measures aimed at clarifying ATAD 2 and making its carried interest regime more attractive
Encompassing everything from international scandals to seismic political events, it’s a privilege to cover the intriguing world of tax
Gift this article