Baker McKenzie's EMEA Tax Practice Group invites you to attend its new webinar series: Recovery & Renewal: EMEA Tax Issues, a series of ten webinars that will explore markets trends and Government measures in the context of the COVID-19 pandemic.
Designed for tax professionals from all industry sectors, this series will address critical issues and perspectives as well as analyze how companies may need to rethink operations. Below you will find more details about each session.
The webinar series will start on May 26 with a transfer pricing-focused session and continue to run regularly throughout the remainder of the year.
All webinars will begin at 11:00 am BST / 12:00 pm CEST (unless otherwise stated) and are scheduled to run for approximately 60 minutes.
If you have a question relating to a specific webinar topic, please include it when completing your registration. If you have any issues registering, please contact Jana Hanysova.
26 May 2020
Our transfer pricing experts will share our prognosis from the perspective of both taxpayers and tax authorities. We will discuss ways to manage the associated risks including:
Reaction of regulatory authorities – What do we expect from governments and the OECD in relation to transfer pricing as a result of the COVID-19 crisis?
Impact on supply chains – How does COVID-19 affect transfer pricing policies, including which types of entity should incur the financial impacts of market changes and government policies?
9 June 2020
The taxation of workers and employees is an area subject to complex forces through the COVID-19 era. In this session we will cover tax issues that companies dependent on gig economy workers are facing during lockdowns and will have to manage afterwards. We will also discuss how COVID-19 has reshaped and will impact international mobility, with employees potentially working in different locations than originally planned. In addition, we will explore how the COVID-19 crisis may change the way employees are paid, receiving shares instead of cash and, finally, we will explore how corporate tax deductions and share plans may become a new area of interest for tax authorities to increase revenues and pay for economic stimulus packages.
23 June 2020
The digital tax session will provide an update on the current state of play of unilateral digital tax measures throughout Europe. It will include an in-depth comparison of the Austrian, Italian, French, Spanish, Turkish and UK regimes and we will share our practical experience of the types of work we have been doing for clients.
7 July 2020
Our wealth management experts will focus in this session on the impact of COVID-19 on families and financial institutions across EMEA, discuss present and future key concerns and priorities in the wealth management industry, explore opportunities in the new scenario and how tax authorities will address the challenge of increasing collections after COVID-19. Finally, we will address potential tax increases and uncertainties surrounding the taxation of individuals in light of restrictions on international travel and stranded tax residents.
21 July 2020
Medical product donations (or manufacturing/selling against cost price) is a practice widely applied not only by pharma and medical technology companies these days but also new players that entered this area, very quickly adapting to new opportunities. There are certain aspects in the (COVID) legislation of many countries (such as Italy and France), especially from a VAT perspective, that businesses should be aware of. This session will provide an overview of specific measures that governments across Europe have taken in relation to medical products donations.
4 August 2020
After the 2008 financial crisis, most countries used tax policy measures designed over the previous decade to deal with the loss of revenue and debt incurred. Given the breadth and depth of the situation, and the prior use of the techniques, we will explore other potential policy issue to be considered to make up the costs of the COVID crisis.
1 September 2020
Tax Dispute Resolution
One way or another, all economies and industries in EMEA are impacted and the governments are in urgent need of funds to "pay" the associated bill and the announced economic and social measures. In this session we will discuss on how we expect both tax authorities and companies reacting to this new situation, specifically in the tax disputes arena, covering issues like:
Foreseeable higher aggressiveness in audits: In which areas and industries? mechanisms to be used by TA as leverage/threaten? best practices to be prepared
Cash obtaining/retention as a guiding principle: Opportunities to better settlements vs. litigation as a way to defer payments
Impact of new policies/structures in the defense strategy of previous years and vice versa
Defense strategy and risk mitigation measures to be taken
Expected delays in litigation and DR mechanisms: Strategies to speed-up cases?
15 September 2020
In many respects, financial institutions, particularly banks, are in a good posture compared to other industries given the high regulatory oversight after the 2008 financial crisis. COVID-19, however, highlighted disruptive technology required to be used by social distancing. This session will focus on possible tax issues prospectively for disruptive industries.
29 September 2020
Consumer Goods & Retail
Companies operating in the consumer goods industry face increasing challenges as consumer spending, production and distribution are considerably impacted by the crisis. Companies across all industry subsectors — from luxury and fashion, food and beverage, cosmetics, consumer durables and electronics, to hotels, resorts and tourism — are facing a number of significant business and tax issues. In this webinar we will discuss business trends and a number of specific tax matters including:
How the industry faces the crisis and how to engage in a cycle of Resilience, Recovery & Renewal with a particular focus on the renewal of business organizations
What impact on the industry transfer pricing models, policies being developed and possible solutions for taxpayers
The tax deductibility matters raised by exceptional costs and donations to NGOs or health institutions
How the travel restrictions put at risk tax residency of certain entities and possible responses
An overview of DAC6 timeline and possible delay in implementation of the internal compliance process
13 October 2020
Our VAT experts will share their views on the VAT fundamental questions to consider when rethinking business models, reconsidering supply and value chain structures or analyzing new arrangements arising out of the new business scenarios. We will discuss topics such as:
Impact on supply and value chains: How to rethink VAT structure when changing supply and value chains.
New business arrangements: How to face cancellations, indemnities, discounts, changes in agreements and other changes to regular transactions.