The G7 Global Tax Deal – what does this mean for the Crown Dependencies?
Professional Development
Overview
The G7 tax deal has been described as the ‘starting point’ on the road to global reform. The OECD has said that this tax reform could raise billions in revenues for Governments.
G7 ministers have backed a global minimum corporate tax rate of at least 15 per cent, and agreed that countries should have the right to tax a proportion of the largest and most profitable multinationals’ profit in the locations where it is generated.
What will this mean for leading international finance centres? The tax reform raises several other key questions, including:
- Could the Crown Dependencies be forced to scrap their low business-tax models?
- Are the Crown Dependencies at significant risk of being blacklisted by the EU?
- Can our tax systems align with the two pillars set out by the OECD which aim to expand the taxation rights of countries where business activity actually takes place and prevent profits moving to lower-tax jurisdictions.
This highly topical webinar aims to explore what the G7 Global Tax Deal could mean for the Crown Dependencies in the short and long term.
This course will be delivered through Online Classroom Live.
Learning Outcomes
Having attended this webinar, delegates will:
- Have a better understanding of G7 Global Tax Deal
- Understanding the possible implications for the Crown Dependencies
- Have a greater appreciation of the direction of travel for international taxation
Mark Persoff
Tax Partner, EMEIA Financial Services Practice at EY
Mark is a Tax Partner in Ernst & Young’s Financial Services practice in London. Before joining EY in 2011, he was a tax partner at a leading magic circle law firm in London. Mark has specialised in UK, international and European taxation issues, particularly for financial institutions and other multinationals, for 23 years – acting both on general advisory basis as well as on a large number of M&A transactions, financings and restructurings, and on disputes with UK and other tax authorities.
Mark has also been advising extensively on tax changes arising from the OECD BEPS project, US tax reform, UK, EU and other international tax initiatives, and issues arising from Covid-19, as well as financial transactions taxes and bank levies.
Mark also heads up EY’s European financial services tax policy team.
Mark has been ranked as a leading tax adviser by publications such as Legal 500, Chambers & Partners and the World’s Guide to the Leading Tax Advisers.
Kathryn Wintle
Offshore Tax Director at Deloitte LLP
Kathryn is a director in Deloitte Jersey’s tax practice with over fifteen years’ experience in local and international taxation. She specialises in both corporate and indirect taxation and works with a wide range of clients in predominantly the financial services and real estate sectors.
Kathryn is responsible for management of corporate, partnership and personal tax compliance, as well as advising on structuring and expansion transactions. She also has experience of working on due diligence projects, assisting both vendors and purchasers, and has been involved with a number of recent transactions in both the Jersey and UK markets.
Jo Huxtable
Partner at Deloitte LLP
Jo leads Deloitte’s tax practice across the Channel Islands and has worked in tax for around 27 years mainly within professional practice but also within industry. She is a qualified Chartered Accountant and Chartered Tax Advisor and has experience in both corporate tax and VAT. She has considerable experience with a focus on corporate and international tax for a wide range of financial services clients, including investment funds and private equity houses. Projects range from local Guernsey and Jersey tax compliance and advice, VAT advisory as well as advice on international tax principles such as residence, permanent establishment, withholding tax and the impact of double tax treaties. Her experience also covers transaction work on disposals, acquisitions and re-organisations.
Who is this webinar for
This webinar is suitable for all financial services professionals.
Online Classroom Live
This seminar is being delivered through Online Classroom Live. Our premium online study mode comprises a virtual classroom with interactive features to replicate a real-life classroom.