, [Central University of Finance and Economics] Beijing, China
BEIJING, CHINA, 01-02 DECEMBER 2011 – The international taxation framework is transforming at an unpredictable pace and the 5th International Taxation Summit co organized by Noppen and the Central University of Finance endeavoured to answer all the questions that arose parallel to this transformation.
A host of Directors and TP professionals gathered together on the 1st and 2nd December to discuss a number of important issues, the conference included 80 attendees all representatives from IRS US, high-level officials from SAT China.
There were a number of outstanding speakers and sessions at the conference, a particular standout one came courtesy of Huang Suhua, Division Chief of EOI, SAT, China & Vice-Chairman of W8 OECD and Steve Musher, Associate Chief Counsel (International) IRS. They engaged in a very special and unique session where Huang Suhua and Steve Musher both from two different governments sat down at the same panel and discussed EOI (Exchange of Information). They were both very frank and direct which resulted in them delivering an exceptional as well as exciting discussion to the audience. It was a refreshing change to see two different governments deliver their viewpoints together, it made for a thrilling discussion from start to end which kept all the attendees gripped and they listened intently to both representatives’ viewpoints. “Very informative and great practical insights were given by speakers.” Flowserve
Another insightful session came from CTAC and K&C which was based on how they developed an APA case between China (Shandong) and Korea. The attendees found their session particularly interesting as they brought in the Korean viewpoint showing the will for openness and the successes that are possible when working with both the Korean and Chinese governments.
Other highly rated panels at the conference were delivered by Bob Green who spoke on profit split which was a hot topic and he presented it extremely well and PwC presented on APA and Interpretation. They did this as joint effort with panellists from Microsoft and Flowserve which proved to be a good combination as the panel was very energetic which heighted the audiences interest in the topic.
Furthermore Xia Guangyu, Deputy Division Chief of Transfer Pricing, SAT, China, also proved to be a hit among the audience as they requested copies of his two tailored presentations which were rich with useful information and concrete, hands-on tips and guidelines. “Well arranged program, high quality content.” Wolverine World Wide
New innovations at the conference were presented by Thomson Reuters, their Senior Vice President and Managing Director of Tax & Accounting, Charlotte Ruston, who delivered a warmly welcomed speech introducing the ‘GPS’. It is a new form of technology that for your automated tax management, a new and fresh tool for more efficient filing and management of your internal tax data. It was well received by the audience and they found it be an efficient and practical tool. “Very good, very helpful.” Libbey Glassware (China) Co. Ltd
The 5th International Taxation conference proved to be a great success much like its predecessors and the overall message of the conference seemed to suggest that there has been a change in the financial landscape as well as company structures within China which have been changing fast as they are so active. This is positive as it shows how dynamic and vibrant the market is, however for the tax administrations and corporate tax staffers it has resulted in lots of adjustments, and new methods to get familiar with.
Noppen would like to express a warm thank you to all the outstanding speakers at the event and sponsors and supporters; including TPCI, Price Waterhouse Coopers, Thomson Reuters and Skadden for their great contribution to the event.