European Union Chamber of Commerce in China
Agriculture, Food & Beverage, Cybersecurity, Finance & Taxation, Investment, and Pharmaceutical Working Groups
Online and Onsite Working Group Meeting “OECD Inclusive Framework on BEPS: Pillar One and Pillar Two Breakdown”
Date: Tuesday, 8th December, 2020
Time: 10:30am-12:00pm (GMT+8, China time)
Venue: Zoom (线上活动) | Beijing Office, Beijing Lufthansa Center, Office C405, No. 50 Liangmaqiao Road, Chaoyang District, Beijing, 100125 (北京市朝阳区亮马桥路五十号,燕莎中心写字楼C405室) | Shanghai Office, Unit 2204, Shui On Plaza, 333 Middle Huaihai Road, Huangpu District, Shanghai, 200021 (上海市淮海中路333号,瑞安广场2204室)
Register here or email Benedetta Borri at bborri@europeanchamber.com.cn before noon on December 7th, 1:00pm.
We highly encourage you to join in person to benefit from the networking with members.
Members joining remotely will receive the Zoom link after RSVP.
Dear Members,
The Finance & Taxation Working Group is pleased to invite you to the meeting “OECD Inclusive Framework on BEPS: Pillar One and Pillar Two Breakdown”, which is taking place on Tuesday, December 8th, 10:30-12:00 (China time), both online (via Zoom) and on-site at the European Chamber’s Shanghai and Beijing offices.
Choon Beng Teoh, Transfer Pricing Director, and Jason Yu, Tax Director, of KPMG China (bios attached), will review the two ‘blueprint reports’ and related economic study which the OECD/G20 Inclusive Framework of over 130 countries released to address the tax challenges arising from the digitalization of the economy.
The two pillars of the Inclusive Framework reports are expected to change the way in which taxation rights over the profits of multinational enterprises (MNEs) are allocated, and apply a minimum tax rate to the profits of those MNEs. Together, it is estimated that these measures will add US$100 billion to global corporate income tax collections.
To help you prepare for the change, Jason and Choon Beng will examine 1) the big-picture impact of the proposals contained in the reports; 2) the key details of Pillar One and Pillar Two; and 3) what remains to be done to bring these proposals to fruition.
Agenda
- Introduction and Opening Remarks
- Presentations by Choon Beng Teoh, Transfer Pricing Director and Jason Yu, Tax Director of KPMG China
- Q&A and Open Discussion
- Closing Remarks
- Member Networking
We look forward to hosting you on the December 8th!
Kind regards,
Benedetta