Date(s) - 05/18/2017
12:00 pm - 2:00 pm
Hogan Lovells US LLP
875 Third Avenue
New York, NY, 10022
Please join Richard Hay for a discussion on: Prospects for Globally Coordinated Taxation in the Era of Brexit and Trumpism.
A world agenda to coordinate tax policy and collection is underway. OECD’s Base Erosion and Profit Shifting (BEPS) project seeks to set centrally-agreed global anti-avoidance rules. The Common Reporting Standard – a global equivalent for FATCA – provides for annual, automatic exchange of comprehensive, bank-verified data on accounts maintained by non-residents, beginning in September 2017. Cross-border enforcement of taxes is now underway through multilateral agreements concluded between 90 countries.
Tax co-operation between countries on this scale would have been unimaginable a decade ago. Will growing populism in the US and Europe fuel -or derail- prospects for a new global order in taxation?
Richard Hay specializes in international taxation, estate planning and related policy. He has practiced as an international tax lawyer for 30 years and is the head of Stikeman Elliott’s London-based Private Client and Financial Regulation Group. Richard acts for banks, private clients and high net worth families on cross-border estate and tax planning. He advises governments and professional firms on tax policy related to financial regulation and cross border tax information exchange. He also acts for private equity firms on matters related to regulation of the trust and corporate services sector. Richard is counsel to IFC Forum, an association including the principal professional firms in the British offshore centres. Richard represents IFC Forum and other private sector interests in government policy dialogues on tax policy and information exchange. Richard is a frequent speaker and has contributed to tax policy development in the United Kingdom, the EU and various supranational bodies including OECD, G7 and G20.