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, Anil Kumar Puri, Partner at Ernst & Young Malaysia, explores the future of tax planning in the face of multilateral initiatives such as the Base Erosion and Profit Shifting and the Common Reporting Standard.

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