- In this "post-GFC"? world, "increased regulation and governance standards will change our working environments for many years to come'. Significantly, the scope, timing and potential impact of the still-evolving global and national regulatory reform are the key challenges cited by the vast majority of financial services organisations and are driving the re-shaping of the financial services industry in Australia.These challenges are further complicated by market, macro-economic and political volatility, and a constrained debate about taxation reform and an existing platform under siege.
- This conference aimed to provide delegates with a colourful mix of plenary and breakout sessions that were focused on the critical taxation topics for the financial services industry.
- Papers presented included:
- Topical tax treaty issues for the financial sector
- Attributing profits to permanent establishments (banking)
- Policy responses to the investment manager regime (funds management)
- Transfer pricing aspects of banking operations
- Transfer pricing (funds management)
- Emerging regional issues (funds management)
- Is Australia becoming a sovereign tax risk?
- The shifting Part IVA landscape
- Australian Tax Office audits, risk identification, dispute
- GST and RITCs on trustee services
- Losses
- Capital managment of financial institutions and the related tax issues
- Transfer pricing law changes and the international dealing schedule
- The Rubik's Cube of tax - An update on trusts
- R&D tax concessions
- Promoter penalties / products
- Asset financing /thin capitalisation/ infrastructure update
- MRRT and carbon tax: Issues for financiers and funds