There has been unprecedented pressure on both tax neutral countries and the users of these tax efficient jurisdictions, to pay what is deemed a 'fair' amount of tax. This pressure has culminated in multilateral initiatives such as the base erosion profit shifting initiative and the common reporting standard, both aimed at changing the landscape of international tax planning forever.
At our event entitled "The Future of Tax Planning: Transparency and Substance for All?" in Hong Kong on 26 February 2016, the panel discussion for the day focused on the future of tax planning in the face of the Common Reporting Standard, the Base Erosion and Profit Shifting initiatives and what seems like an ever growing movement against tax efficiency and international financial centres. The panellists were:
- Anil Kumar Puri, Partner, International Tax Services, Ernst & Young
- Goh Ka Im, Partner & Head of Tax and Revenue Practice Group, Shearn Delamore & Co
- Raymond Wong, Founder Member & Regional Managing Director, Kensington Trust Group
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