New Economy Taxation (NET LTD) and the Global Tax Policy Center of the WU (Vienna University of Economics and Business) are proud to present the second Digital Economy Symposium on 15-16 August 2017 in Singapore. This event follows the hugely successful inaugural Digital Economy Symposium on New Age Tax, Accounting and Valuation Issues in November 2016 in Singapore.

The advent of Blockchain technology, Fintech, Cloud computing, Artificial Intelligence, Big Data Analytics, the Sharing economy, Industry 4.0 and the Internet of Things have disrupted and transformed traditional modes of operations, processes and global value chains in a wide range of industries from financial services to public transportation, and are pushing the existing boundaries of taxation. Tax administrations and tax professionals need to reimagine taxation in this age of disruption and build on the efforts made by the G20/OECD in the Base Erosion and Profit Shifting (BEPS) project in updating the international tax principles in this new digitalized world order.

The Symposium will explore how both businesses and tax administrations are reacting to and managing the disruptive effect of new and emerging business models and technology in Asia, the taxation of the digital economy in the post-BEPS world, including indirect taxes on digital services, as well as the use of new technology to transform tax administration. Participants will have the opportunity to interact with leading regional and international direct and indirect tax, transfer pricing and customs experts, policy makers and administrators, and business leaders in a unique forum.

The Symposium will discuss the following topics:

  • Digitalization and Disruptive Business Models in Asia
  • Disruption to Traditional International Tax Norms
  • Tax Administration and Business Response to Digitalization
  • US Tax Reforms in the Trump Era: Implications for Asia
  • Transfer Pricing and Indirect Tax Challenges

A special feature of the 2017 Symposium will be a high-level closed door summit and policy dialogue that will focus on the unique digital economy business models and conditions in Asia-Pacific from the perspectives of academia, industry and tax advisory.

This year has added significance as it includes a global multi-stakeholder meeting series on the challenges and opportunities presented by Blockchain technology for taxation and tax administration. The first meeting in this series was held in Vienna, Austria on 15 – 16 March 2017 and continues in Singapore at this Symposium, with the third meeting scheduled in New York on 22 May 2018. Apart from transfer pricing, indirect tax and customs valuation perspectives, this meeting series focuses on areas such as beneficial ownership, land registries and payroll taxes, where distributed open ledger technology could potentially transform taxation and tax administration.

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