[In-Person] Living with Global Minimum Tax

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The OECD's work on the global minimum tax continues apace, with the view of ensuring large multinational enterprises pay an effective minimum tax rate of 15 percent in the countries in which they operate. This initiative, endorsed by more than 130 countries, will fundamentally alter the tax landscape for businesses as well as the use of tax policy as a tool to complement broader country-specific measures to promote economic development.

What are the implications for your business and how will your organization respond? This session will look at some aspects of the rules, their interaction with US international taxation, and the practical considerations in their likely application in Singapore.

We will also consider the challenges of compliance and the resources required, explore Singapore's policy response and consider the options for continued RHQ presence in Singapore.

Agenda :

Opening
Pillar 2 overview and US tax developments
Pillar 2 and select implications for the Singapore regime
Compliance and tax accounting
Panel discussion : Practical considerations for businesses and Singapore's policy response
Q&A
Closing

* For any enquires please contact the AmCham Programming and Events Team at pe@amcham.com.sg.

* Cancellation Policy: No refunds will be provided for cancellations. Replacements will be accepted.

Speakers

Pat Brown

Washington National Tax Services Co-Leader at PwC US

Paul Lau

Tax Banking and Capital Markets Leader at PwC Singapore

Jillian Lim

Executive Vice President and Member of EXCO at Economic Development Board

Senthilnathan Sampath

Partner, Assurance at PwC Singapore

Rose Sim

Tax Reporting and Strategy Leader at PwC Singapore

Irene Tai

Partner, Corporate Tax Advisory at PwC Singapore

Chris Woo

Tax Leader at PwC Singapore

Pat is a Partner and Co-Leader of PwC’s Washington National Tax Services practice. He advises clients on all aspects of international and domestic policy.Prior to joining PwC, Pat was Vice President and Counsel, Tax for GE Power and GE Renewables and a GE corporate officer. He was also the director of tax policy for GE.

Prior to joining GE Power, Pat was a senior international tax counsel for GE corporate and GE Capital, where he primarily focused on GE’s international operations in the Nordic region, EMEA, and Canada. He also had responsibility for the company’s overall foreign tax credit position and was a principal technical advisor to the tax director of GE on tax policy matters.

Pat joined GE in 2002 from the US Treasury Department, where he served as attorney-advisor and associate international tax counsel from 1998-2002.

During his time at Treasury, Pat focused primarily on international tax analysis, negotiation of tax treaties, and representing the US government at meetings of the OECD on various tax issues. Prior to joining the Treasury Department, Pat was an associate at Sullivan & Cromwell in New York.

Paul Lau is a financial services tax partner at PwC Singapore, specialising in the banking and capital markets as well as investment management industries. A member of PwC’s global financial services transfer pricing network, he is actively involved in rendering tax and transfer pricing advice to banks and investment funds in structuring cross border transactions. In his role as technical partner, he also provides interpretation of tax laws for the firm and engages in policy discussions with the authorities.

With over 20 years experience in corporate and international tax, Paul has advised on mergers and acquisitions, corporate restructuring, asset securitisation, capital market instruments, tax sparing, real estate finance, transfer pricing as well as tax risk management and governance framework. He was a member of the editorial board for Derivatives and Financial Instruments, a publication by the International Bureau of Fiscal Documentation based in the Netherlands. He also chairs the Tax and Levies Committee at the Singapore Chartered Tax Professionals. Paul holds a bachelor degree in accountancy from Nanyang Technological University and a master degree in taxation law from University of Sydney.

Ms. Jillian Lim is Executive Vice President and Member of the Executive Committee at the Singapore Economic Development Board. She oversees initiatives in planning and policies that enhance Singapore’s position as a global centre for business, innovation and talent. Aside from subject matter expertise in taxation and trade, and management of a competitive portfolio of incentive products, her role in family capital and impact aims to accelerate the growth of family offices and philanthropic activities in Singapore and the region.

Jillian is also EDB’s Chief Digital Officer, driving digital transformation and IT operations to enabling business innovation. She is passionate about building organisation capabilities in product management, agile approaches, user research and design thinking, as well as promoting networks and exchanges on best industry practices.

A recipient of National Day Award, Jillian was conferred the Public Administration Medal (Bronze) in 2016. Jillian is a post-graduate in International Taxation of the Sydney Law School.

Senthil is a Partner from the Accounting Consulting Services, Assurance in PwC Singapore with over 20 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specialises in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.

He is the Financial Instruments topic team leader for Singapore and serves as the key technical partner for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He is also a member of the PwC Global network of IFRS specialists supporting to develop global view on financial reporting matters related to financial instruments. He is a member of the ISCA Financial Reporting Committee. He worked as a Chief Inspector heading the Financial Reporting Surveillance Department of the Accounting and Corporate Regulatory Authority of Singapore.

Senthil graduated from the University of Madras in India with Bachelors of Commerce. He is a member of the Institute of Singapore Chartered Accountants, Institute of Chartered Accountants of India, Association of Chartered Certified Accountants, United Kingdom and a fellow member of CPA Australia.

Rose is a Partner with the Financial Services Tax Practice with extensive industry experience. With over 20 years of experience in practising tax, her experience spans across a broad range of compliance and advisory projects.

Rose re-joined PwC Singapore in 2016 after spending 11 over years in a global investment bank as Head of Tax for Singapore and Southeast Asia. Rose has over 20 years of corporate and regional tax experience, and her in-house experience includes advising and dealing with a wide variety of Singapore and SEA regional tax issues relating to investment banking and wealth management, cross-border business reviews as well as managing tax audits in a number of Asian countries. She has also advised on mergers and acquisitions, corporate restructuring, asset securitisation, capital market instruments, transfer pricing as well as tax risk management and governance framework. Rose brings valuable insights and practical experience in in-house tax risk management and reporting requirements.

Rose currently leads the Singapore Tax Reporting & Strategy team, supporting all aspects of tax governance and risk management initiatives as well as end-to-end tax processes. She is also one of the leading tax partners in the PwC FinTech practice in Singapore. She has actively worked with a number of FinTech businesses and start-ups on various tax issues and considerations.

Rose started her career with Coopers & Lybrand Singapore. She also had a two year secondment with the Monetary Authority of Singapore where she worked on various tax incentive schemes and tax-related matters for the financial sector.

Irene has 14 years of experience in providing corporate and international tax advisory services to multinational companies across various industry sectors.

Irene has advised clients on the structuring of inbound and outbound investments and the setting up of regional trading and headquarters functions in Singapore. This involved amongst others, developing sustainable and tax efficient holding, financing, IP and operating structures. She has also advised clients across various sectors on the alignment of tax and business operating models, business integrations and corporate structure simplifications. As a tax incentive specialist, she assists clients with incentive planning, strategy, negotiation, application and compliance as part of the design and implementation of regional structures and business models. In addition, she manages a portfolio of clients in diverse sectors, including technology companies, retail and consumer products, petrochemical/chemical manufacturers, renewable energy suppliers, commodity traders, assisting them with their tax compliance obligations and dispute resolution.

Irene leads the Energy, Utilities & Resources sector for tax. She is also responsible for driving the Environmental, Social, Governance agenda for tax.

From 2013 to 2015, Irene headed up the Singapore tax desk in PwC New York, providing tax advisory services to US-based MNCs. Prior to PwC, Irene was a senior officer with International Enterprise Singapore, responsible for promoting Singapore as a global trading/procurement/marketing hub and administration of the Global Trader Programme, a tax incentive for commodity trading companies.

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Employees in a member company and are part of the membership roster

Member PriceComplimentary

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Public PriceComplimentary

Non-Member

Attendees that are not part of a member company and/or the membership roster

Public PriceS$18

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