“MIM - The 6th International Taxation Conference”: addressing International taxation from different angles
The Malta Institute of Management held its “6th ANNUAL INTERNATIONAL TAXATION CONFERENCE“, last Friday (16th March 2012) at Westin Dragonara Resort in St Julians.
During the event various high profile international speakers intervened to address key issues related to international taxation. It was an opportunity for tax professionals to keep themselves abreast with the developments in International tax particularly with EU Tax Law. It was also an excellent opportunity for networking between Maltese and international professionals.
- LOOK AT THE VIDEOS OF THE SPEAKERS AT THE END OF THE CONFERENCE -
The topic of the big event was “Latest Developments in European Law” and the conference was well attended by both local and foreign participants, who praised the level of speakers and topic discussed.
- LISTEN THE INTRODUCTION BY DR JUANITA BROCKDORFF -
Following introductions by Mr Reuben Buttigieg (MIM President) and Dr Juanita Brockdorff (Tax Partner KPMG and Conference Chairperson), a presentation was delivered by Prof Pasquale Pistone (Prof. of Tax Law at the University of Salerno and Holder of a Jean Monnet ad Personam Chair at the Vienna University of Economics and Business) on “Good Tax Governance”, one of the most topical subjects in the fiscal world.
- LOOK AT THE VIDEO OF THE COMMENT BY MIM PRESIDENT, MR BUTTIGIEG -
During the day there were presentations by Prof Frans Sonneveldt from Leiden University (”Analysis of EC Measures to tackle crossborder inheritance tax problems”), Dr Neville Gatt, PwC Tax Partner (”Issues in the application of DTTs to Collective Investments Schemes: A Maltese Perspective”), Prof Daniel Gutmann, Prof of Tax Law at the University of Paris (”The new French rules involving taxation of foreign trusts and exit taxes”), Dr Conrad Cassar Torregiani, Leader International Tax from Deloitte (”Exit taxes on transfers of residence: the EU landscape following national grid”), Dr Simon Xuereb, KPMG Advisor, (”Addressing the tax consequences of UCITS IV Cross-border mergers in Europe”) and Prof Luís Eduardo Schoueri from the University of Sào Paolo (”Tax Sparing”), Dr Robert Attard, Director, Tax Services, Ernst & Young (”Article 26(h) ITA: Concerns from an international tax point of view”), by Prof Michael Lang, from the Vienna University (”Tax Treaty Interpretation – Recent Developments”), Mr Paolo Arginelli from the Università Cattolica of Piacenza (”The multiple interrelation between tax treaty law and European law”) and by Mr Laurent Sykes, Gray’s Inn Tax Chambers (”Tax Avoidance, Double Tax Treaties and EU Law”).
- LISTEN SNIPPETS FROM THE SPEECH OF THE SPEAKERS -
The Malta Institue of Management thanks all the speakers at the event, “main sponsors” KPMG, “gold sponsor” Deloitte, “silver sponsors” Avanzia Taxand, Credal International, EMD, Ernst and Young, Francis J. Vassallo & Associates, Erremme Business Advisors, BDO, “sponsors” St. Publius Corporate Services, Malta Stock Exchange, Exalta, Audit Solutions, Dmaxepaper.com, Gafà Saveway Cleaners, Xerox, Farsonsdirect, Johns Garage, Untours Insurance and La Gatta Boutique, “media partner” Money Magazine and “collaborating partners” AirMalta and BOV.
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VIDEO - How Could I Live Without Filing Taxes
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QUOTES
Prof Pistone: “It’s not all bad.Time has come to move to a higher taxation level“.
Prof Sonneveldt: “Member States should continue working on possible ways to improve.This is a step in the right direction“.
Dr Gatt: “Malta grants separate taxpayer treatment to funds irrespective of their form - helpful, but enough?“.
Dr Cassar Torregiani: “The Treaty does not require that exit has no tax effects“.
Dr Gutmann: “We’re not going to change the law in France“.
Dr Xuereb: “Too many variables for a broad brush instrument such as the Merger Directive to be effective in guaranteeing anything even remotely approaching tax neutrality in these situations“.
Prof Schoueri: “It’s time to reconsider tax sparing…but not in the sense of OECD’s reconsideration“.
Dr Attard: “I’m surprised we’re seeing the Article 26 H in our courts in 2012“.
Prof Lang: “Person whose income or gain it is escapes the High Tax State tax net:companies residence rule for companies DTA,exit charges,Davis (1980,Canada),TLD Ltd v Camr for South African Revenue (2010,under appeal)“.
Prof Arginelli: “Tax treaties modifyng the effects of EU fundamental freedoms on domestic law or the scope of application of secondary EU law“.
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