Nearly a decade ago, the Organisation of Economic Cooperation and Development started its work on a range of action plans referred to as the Base Erosion and Profit Shifting (“BEPS”) Action Plans. Arising from one of these Action Plans is the Pillar 2 solution to address the tax challenges arising from digitalisation and globalisation.
Pillar 2 focuses specifically on addressing any tax optimisation strategies by introducing a global minimum tax regime, known as the Global Anti-Base Erosion (GloBE) proposal. This proposal aims to ensure that multinationals pay a minimum level of tax regardless of where they operate or where their profits are booked.
Join us for an insightful webinar as we delve into the dynamics of Pillar 2 strategies and how Pillar 2 will be implemented in Southeast Asia. The audience will also have an opportunity for live Q&A with our presenters.
A Highlight of Key Areas:
- The key elements of Pillar 2
- The Adoption of Pillar 2 across key Southeast Asian markets
- How to be prepared for the implementation of Pillar 2
Mr Jack SheehanPartner & Tax Leader
DFDL Singapore
Jack Sheehan is a Partner and Tax Leader at DFDL and leads the tax teams in Asia. Jack advises on mergers and acquisitions, international tax planning, tax treaties, permanent establishment risks, transfer pricing, and tax controversy in Asia.The DFDL tax practice won Tax Firm of the Year in 2023 at the Legal 500 Southeast Asia Awards. Jack is listed as a leading tax adviser for 2024 by the Legal 500 and is a Highly Regarded Tax Adviser by ITR World Tax.Jack regularly features as a speaker and writer on tax in Asia and has delivered lectures at leading Universities, including Queen Mary’s University London and Chulalongkorn University Thailand, and leading tax bodies such as the International Fiscal Association (IFA) and the International Bureau for Fiscal Documentation (IBFD).Jack holds a master’s degree in Tax Law from Oxford University and is a Fellow of the Association of Chartered Certified Accountants.
Dr Sowmya VaradharajanHead of Transfer Pricing
DFDL
Dr. Sowmya Varadharajan is the Head of the transfer pricing practice at DFDL. She helps companies to design and document appropriate transfer pricing strategies and approaches for their related party transactions. Having been trained in the U.S. on international tax and transfer pricing issues through blue-chip corporations, Sowmya now applies her transfer pricing training to transfer pricing issues in the Asia Pacific region. Sowmya has extensive experience in the high technology/ semiconductor as well as pharmaceutical/ biomedical industries.In addition to transfer pricing, Sowmya is also skilled in Intellectual Property (“IP”) valuation. With the growth in transfer pricing related audits in the Asia Pacific region, Dr. Sowmya has assisted clients in India, China, Malaysia, Indonesia, and Singapore in defending their transfer pricing arrangements with tax authorities.Sowmya is an economist with Ph.D. in Economics from Cornell University and has more than 20 years of transfer pricing consulting experience.