2011 IFA Travelling Lectureship

2011 IFA Travelling Lectureship Program
Programme de conférences itinérantes 2011

The Taxation of Business Profits: Fracture of the International Consensus?

Lecturer:
Richard Vann
Professor of law University of Sydney, Sydney Australia

READING MATERIALS

8:00-8:30	Registration and Refreshments
8:30-9:00	Introduction • Historical and policy background to the attribution of profits to permanent establishments in model and actual tax treaties Reading: Baker and Collier

9:00-10:30	The Authorised OECD Approach
	Functionally separate enterprise and relevant business activities approaches Old rules of thumb and new rules of thumb (royalites, tangible property, interest, management fees) Taxes on deductible amounts Resolution of disputes Reading: Cudd Pressure OECD Part I Vann 1 Case studies 1-4 NEW OECD 2010 Article 7 and associated changes

10:30-11:00	Refreshment Break

11:00-11:45	Business resturctures and attribution of profits
	Interaction of articles 7 and 9 if PE constituted by separate entity Agency PE’s and other deemed PE’s Reading: Vann 2 New OECD work on intangibles Reading: Vann 3 Case Studies 5-7

11:45-12:30	Provisions removed from Article 7
	Deduction rule Purchase rule Formulary appotionment Reading: Vann 4 Vann 5 Case Study 8

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