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Transfer Pricing Masterclass: Strategies, Best Practices and Risk Management

Real Life Lessons from a Senior Corporate Leader in Global Transfer Pricing

Expert Speaker Sam Sim

$856.00 (including GST)

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EARLY BIRD SPECIAL: Save 10% when you register by 26 Apr 2019. Use code APR19 at checkout.

Overview

Imagine the following :

  • You are put in charge of all aspects of transfer pricing covering audits, compliance, operational implementation and strategic planning;
  • You have to instruct an advisor or reorganize a team to manage the various audits and country-by-country, Masterfile and local documentation that is popping up everywhere in the region;
  • Your office in country X is raided by tax auditors unannounced and they have taken away boxes of documents;
  • You receive a transfer pricing audit assessment worth millions of dollars and need to explain to your CFO or audit committee the big increase in your tax provision, effective tax rate and worse still, that need to be disclosed in your annual report or SEC filings as a listed company; or
  • Your CFO asks you how you would describe your strategy and approach towards this area of taxation in a Corporate Responsibility Report that is published alongside the Annual Report.

This practical workshop is specifically designed to give Directors, CFOs, Finance and Tax Professionals a practical appreciation of the strategic issues in managing international transfer pricing risks, best practices on how to run an in-house transfer pricing function and mitigate transfer pricing risks.

Innovative use of Harvard style case studies will be used to bring the many angles of this complex area of taxation to life!  Participants are also encouraged to share their experiences and challenges in this workshop. This is a practical workshop that shares real world experiences. To fully benefit, participants should ideally have a working knowledge of transfer pricing.

What You Will Learn

At the end of this workshop, you will:

  • Have a practical understanding of Transfer Pricing from a strategic risk management and CFO’s perspective
  • Appreciate that transfer pricing is multi-disciplinary across law – accounting - economics  and involves intensive interaction with various stakeholders within a MNC
  • Learn the best practices in building and organising in-house transfer pricing and finance functions to handle transfer pricing
  • Know the optimal way to use external advisors
  • Appreciate the cost savings possibilities from outsourcing, offshoring and automation
  • Have a practical update on the latest international Transfer pricing trends and strategy
  • Appreciate the ethical aspects of international taxation and legitimate optimisation vs avoidance

Programme Outline

1. Quick Overview of Transfer Pricing

  • Arm’s length principle, Comparability analysis, Documentation
  • Latest developments in Singapore and trends in the region

2. Best Practices in a World-class Transfer Pricing Function

  • Operational transfer pricing
  • Managing multiple stakeholders and issues
  • How best to use advisors
  • Cost savings from outsourcing, offshoring and automation

3. Strategic Management of Transfer Pricing Risks

  • Successful Audit strategies
  • Proactive risk mitigation – spot and address issues before they arise
  • Navigating the post-BEPS environment

4. Ethical Dimensions of Tax/Transfer Pricing Optimisation

  • Business ethics angle beyond mere compliance
  • Corporate Social Responsibility, Codes of Conduct and Tax Sustainability Reports

5. Case Studies

Target Audience

  • CFOs
  • Financial Controllers/Finance Directors/Managers
  • Tax Managers/Professionals

Expert Speaker

Sam Sim

Sam was Regional Vice-President (Europe, Middle-East, Africa, Asia and Latin America), Tax Executive Institute and Chair of Capital Markets Tax Committee Transfer Pricing sub-committee. He was previously Deputy Global Head of Transfer Pricing at a leading European MNE and Transfer Pricing Geography Leader for Europe, Middle-East, Africa and Asia Pacific at the largest global US IT MNC.

Sam has board level experience on Finance Audit & Risk and Disciplinary Committees and is a current member of the Institute of Singapore Chartered Accountants’ Ethics Committee.  He has an unique blend of practical and academic experience, having lectured at the Master of Tax programme at Singapore University of Social Science, University of Leiden's Executive Tax Program, Vienna University’s Transfer Pricing course and IBFD programmes. He was a tax attorney in New York and holds graduate degrees in Law (NYU LL.M.(Tax), Economics (M.A., Cambridge University) and Accounting (MPA, SMU).

Sam is able to explain complex tax concepts in an easy-to-understand and clear manner. He is the author of several Transfer Pricing publications, including the Singapore Master Transfer Pricing Guide (CCH).

Enquiries: email sg-events@wolterskluwer.com

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