The Inward Investment and International Taxation Review - Edition 7

Tim Sanders
  • Editor:
  • Tim Sanders
  • Skadden, Arps, Slate, Meagher & Flom LLP

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2016 saw dramatic change in the tax landscape in which international business is conducted. Most of this change revolved around the rollout of base erosion and profit shifting (BEPS) following the endorsement of the reports containing the 15-point action plan by the G20 leaders in November 2015, both in terms of its adoption in domestic tax laws and  follow-up action by the EU Commission.

As well as the implementation of BEPS, 2016 also saw the European Commission adopting an increasingly aggressive use of state aid laws to attack the application by Member States of their domestic tax laws and the tax rulings they issue to multinational taxpayers operating across international borders. Many observers are concerned that the European Commission has crossed a fine line and is imposing its authority over Member States’ sovereign right to determine their own direct taxes. On a more practical level, the European Commission’s approach has drawn expressions of concern from the US Treasury on the basis, inter alia, that the Commission’s approach is inconsistent with international norms, and that it undermines the international tax system and the BEPS initiative. It will be interesting to see where this potential conflict between the US Treasury, supported by certain EU Member States (notably Ireland, which is contesting the findings in the Apple case), and the European Commission, goes in 2017.

Despite the uncertainty so much radical change produces, enterprises will continue to trade across borders and establish a presence in jurisdictions beyond the boundaries of their home state. When doing so they will look to the tax adviser for guidance and confirmation of their tax position. While it is beyond any book to provide all the answers, it is hoped that this volume will prove to be a useful starting point for readers.

About the Editor

Tim Sanders is an English-qualified solicitor and fellow of the Chartered Institute of Taxation. After practising law for 35 years, he retired from private practice and as head of the European tax practice of Skadden, Arps, Slate, Meagher & Flom LLP at the end of 2015, and he currently works in-house as an international tax adviser to an NYSE-listed company. He continues to work on a wide range of corporate and finance taxation matters, many with international aspects.

Mr Sanders is listed as a leading tax adviser in a number of directories, and is the author of Tottel Publishing’s Tax Indemnities and Warranties and the chapter on directors’ benefits in Tolleys’ Company Law.

Acknowledgements

The publisher acknowledges and thanks the following for their learned assistance throughout the preparation of this book:

Base Erosion and Profit Shifting

  • Jenny Wheater
  • Linklaters

Australia

  • Adrian O’Shannessy and Tony Frost
  • Greenwoods & Herbert Smith Freehills

Austria

  • Niklas JRM Schmidt and Eva Stadler
  • Wolf Theiss

Belgium

  • Christian Chéruy and Marc Dhaene
  • Loyens & Loeff

Brazil

  • Silvania Tognetti
  • Tognetti Advocacia

Canada

  • KA Siobhan Monaghan
  • KMPG Law

China

  • Jon Eichelberger
  • Baker & McKenzie

Cyprus

  • Georgia Papa
  • Pyrgou Vakis Law Firm

Denmark

  • Jakob Skaadstrup Andersen
  • Gorrissen Federspiel

Ecuador

  • Alejandro Ponce Martínez
  • Quevedo & Ponce

France

  • Philippe Derouin
  • Philippe Derouin

Greece

  • Aspasia Malliou
  • POTAMITISVEKRIS

Hong Kong

  • Steven Sieker and Wenwen Chai
  • Baker & McKenzie LLP

Indonesia

  • Mulyana, Sumanti Disca Ferli and Bobby Christianto Manurung
  • Mochtar Karuwin Komar

Ireland

  • Peter Maher
  • A&L Goodbody

Israel

  • Meir Linzen
  • Herzog Fox & Neeman

Italy

  • Paolo Giacometti and Giuseppe Andrea Giannantonio
  • Chiomenti Studio Legale

Japan

  • Kei Sasaki, Fumiaki Kawazoe and Kohei Kajiwara
  • Anderson Mori & Tomotsune

Lebanon

  • Souraya Machnouk, Hachem El Housseini and Ziad Maatouk
  • Abou Jaoude & Associates Law Firm

Luxembourg

  • Pieter Stalman and Chiara Bardini
  • Loyens & Loeff

Malta

  • Juanita Brockdorff and Michail Tegos
  • KPMG Law

Mexico

  • Eduardo Barrón and Carl E Koller Lucio
  • Galaz, Yamazaki, Ruiz Urquiza, SC (Deloitte México)

Netherlands

  • Paulus Merks and Sebastian Frankenberg
  • DLA Piper

Nigeria

  • Theophilus I Emuwa, Chinyerugo Ugoji, Adefolake Adewusi and Mutiat Adeyemo
  • ǼLEX

Norway

  • Thomas E Alnæs and Erik Landa
  • Advokatfirmaet Grette DA

Peru

  • César Castro Salinas and Rodrigo Flores Benavides
  • CMS Grau

Poland

  • Jarosław Bieroński
  • Soltysinski Kawecki & Szlezak

Portugal

  • José Pedroso de Melo
  • SRS Advogados

Puerto Rico

  • Miguel A Santiago Rivera and Alberto J E Añeses Negrón
  • Casillas, Santiago & Torres, LLC

Spain

  • Javier Hernández Galante and Ricardo García-Borregón Tenreiro
  • Ashurst

Sweden

  • Carl-Magnus Uggla
  • Bird & Bird

Taiwan

  • Michael Wong and Dennis Lee
  • Baker & McKenzie LLP

Thailand

  • Panya Sittisakonsin and Sirirasi Gobpradit
  • Baker & McKenzie LLP

United Arab Emirates

  • Gregory J Mayew and Silvia A Pretorius
  • Afridi & Angell

United Kingdom

  • Tim Sanders
  • Skadden Arps Slate Meagher & Flom LLP

USA

  • Hal Hicks, Moshe Spinowitz and Robert C Stevenson
  • Skadden Arps Slate Meagher & Flom LLP

Venezuela

  • Alberto Benshimol and Humberto Romero-Muci
  • D'Empaire Reyna Abogados

Vietnam

  • Fred Burke and Nguyen Thanh Vinh
  • Baker & McKenzie LLP

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