Informa Connect - TP Minds Series

I had the pleasure of joining a panel of BEPS Pillar 2 industry and professional experts at Informa Connect - TP Minds Series today in Sydney today along with Janice Lo Petra Mumford Catherine Dean Denise Brotherton. In the session we shared a range of very practical experiences and insights on managing organisational responses to the Pillar 2 regime both in Australia and globally including lessons learnt from global tax transparency/ public CbCR implementation that can be used for P2 implementation. A key takeaway was emphasising the importance of being proactive in responding to the measures, not underestimating the time required to implement systems and processes, managing your stakeholders to facilitate compliance with the measures along with ensuring open communication between head office and subsidiaries. Pleased to be part of the panel for CPA Australia and be able to share the perspectives of our diverse membership base including those corporates (both inbound and outbound) working on Pillar Two projects. #pillartwo #CBCR #diversemembership #transferpricing

🌏🎤⚠️ TP Minds - The Ongoing Debates TP Minds has had some excellent panels and presentations over the last couple of days in Sydney. There are quite a few open questions in the TP and tax controversy space: 🏛️ Will the High Court ever get a perfect TP financing case to take on? 🔜 Will the ATO’s PCG on withholding tax for software arrangements drop in December or January? Even if Pepsi isn’t finalised by then? 🧐 Will the ATO revise its draft software ruling given the Pepsi FCAFC decision - particularly the bit about the consideration analysis? 📅 When will we see draft law from Treasury on the Part IVA extensions to cover withholding tax rate reductions and incorporate foreign tax into the purpose analysis? They were announced in the May 2023 Budget. It was nice to finally present on the Pepsi decision with an IP valuer (John-Henry Eversgerd), and also to do my first impromptu panel appearance - a financing panel with Bill Yohana, Prashant Bohra and Benjamin Egan to sub in for James Strong. Great to catch up with so many clients, friends and former colleagues - which are not necessarily separate categories! #taxlaw #internationaltax #transferpricing #taxlitigation

We were #BDOProud to be the lead sponsor for Informa Connect - TP Minds Series Australia in Sydney this week - the premier event that brings together fresh perspectives, networks and solutions in transfer pricing with an exclusive line up of corporate panels and keynote speakers. The conference began with a series of technical workshops exploring the practical implications of BEPS Pillar One Amount B and the specific requirements for transfer pricing documentation in Australia. Our transfer pricing partners chaired discussions on pressing topics such as the state of play and future outlook of global transfer pricing policy, the impact of M&A and IP planning on transfer pricing, recent global developments from an Australian perspective, and strategies for optimising your global value chain. Thank you to all who contributed to the success of this event! We hope attendees gained valuable insights from the conference. #teamBDO pictured: Joel Phillips, Michael Smith, Zara Ritchie, Rob Bullock, Erika Manchanda and Jonathon Lee. #TPMindsAustralia #TransferPricing #Tax

At the TP Minds conference this week in Sydney (Informa Connect - TP Minds Series), JWS Partner Annemarie Wilmore and Special Counsel Don Spirason presented on 'What could possibly go wrong in transfer pricing? Navigating the challenges and pitfalls', with Michael Kobetsky, Member of the United Nations Sub-Committee on Transfer Pricing.   The panel unpacked some of the practical challenges that can arise when managing transfer pricing positions and steps that can be taken to mitigate risk. Some key points from the discussion: • there are a broad range of things that can go wrong, but a common driver is a lack of consistency (e.g. in data, reports, public disclosures and/or evidence); • there is tension between the need to maintain consistency and navigate through changes (internal and external); and • establishing frameworks and processes that drive consistency, but specifically contemplate change or variation help protect against these risks.   #TPMinds #transferpricing #tax

Tax Controversy Leaders agenda highlight: Insuring tax risk in the age of uncertainty – here to stay? https://bit.ly/48mPlaC Join Giles Hambly from silver sponsor Gallagher as he discusses the basics of tax insurance, the ‘art of the possible’, and why tax insurance is here to stay. Plus, don’t miss the opportunity to ask Giles your burning questions at the 20-minute Q&A. The conference is next week! Don’t delay, book now: https://bit.ly/48mPlaC Informa Connect - Tax Conferences #TaxLeaders24

Honoured to be part of TP Minds panel on OTP (Operational Transfer Pricing). Great to mix with like-minded tax professionals and hear about technical updates in a practical forum. What is clear is that TP, BEPS and AI is here stay and the pace of change is getting faster with more tax transparency and reporting. The organisation’s data journey is a crucial step to leverage AI and TP and other tax specific applications. Governance is the key to making this all effective – Data, Tax and AI. Thanks to Tim Keeling,  Barry Sullivan(KPMG) for moderating, and panelists Sharon Arasu, Chandan Sureshkumar, Daniel Maggacis and Serene Lai at the TP Minds Australia conference. Thanks also to Zara Ritchie and Denise Brotherton @ BDO and TP Minds Australia for putting on an insightful conference.  I'm keeping my tax advisors close by, this stuff is not easy to navigate alone, particularly across multiple jurisdictions!

A special thank you to all the speakers, sponsors, and attendees who made TP Minds Australia 2024 an outstanding event! The conference wrapped up with actionable takeaways and valuable insights for everyone involved. Melinda Brown Rebecca Saint Cory Hillier Vy Tran @Michael Kobetsky Chandan Sureshkumar Sharon Arasu Serene Lai Paul Nguyen Prashant Bohra Benjamin Egan Shyamala Vyravipillai Cassandra Soon Megan Croaker Karen Price Ricky To Rebecca Roberts Fiona Ritchard Patrick Thompson Linda Besenyei Wayne Sutherland Adnan Begic Petra Mumford Janice Lo Jenny Wong John de Wijn #TPAus2024 #transferpricing #taxtechnology #pillar2 #taxtransformation #recentcontroversies

A great first day of the event and an enjoyable panel discussion with Michael Smith, Shyamala Vyravipillai and Natalya Marenina at TP Minds Australia 2024 in Sydney! Thanks Shivani Rathore and Jamie Mitchell and to all those who contributed and participated. #TPMinds What followed was an equally special second day with fellow panelists Adnan Begic, Zara Ritchie, and Tom Ewigleben. Lovely to have had the opportunity to do these with people I have worked with before and to reconnect in a different city over an awesome dinner! A very well organised event by Informa Connect and sponsors.

Happy to be at the TP Minds Australia this year. Thank you Informa Connect for organizing another wonderful event. #TPMinds #TransferPricing RoyaltyRange #TPAus2024