Deloitte’s UK transfer pricing practice recently held a seminar for its clients in the financial services sector. As part of this event, representatives from Deloitte’s financial services transfer pricing practices provided updates on key events in their respective markets. Below is a summary of each of the presentations from the London event, by Bill Yohana of Deloitte in the US.
Oliver Busch and Jobst Wilmanns, of Deloitte Germany, take a look at the authorised OECD approach for PEs of banks and insurance companies in Germany.
Robert Plunkett, Bill Yohana, and Brian Green of Deloitte Tax in the US, focus on the aspects of risk and recharacterisation and explain how taxpayers can take measure to protect themselves as global legislation realigns.
Geoff Gill and Priscilla Ratilal, of Deloitte Australia, discuss the Australian government’s increased focus on anti-avoidance measures to tax offshore bookings of Australian customer sales, particularly in relation to marketing operations.
Patrick Cheung and Johnny Foun, of Deloitte China, go through the significant aspects of the BEPS action plan and local legislation to explore how these policies could affect multinationals’ outbound payments from China.
Anis Chakravarty, Vineet Chhabra and Neha Bang of Deloitte India discuss how the transfer pricing aspects of the financial services industry have developed and what taxpayers can expect next.
Sebastian Ma’ilei & Jeremy Brown, of Deloitte UK, describe how permanent establishment issues can arise from global insurance distribution models and explain how taxpayers can prepare and defend themselves.