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CONFERENCE PROGRAMME
DECEMBER 1-3, 2011
ITC MARATHA HOTEL, MUMBAI
THEME: TRANSFER PRICING ISSUES
CONFERENCE PROGRAMME – 2011
Thursday, December 1, 2011 - ITC MARATHA
Day 1
08.00 – 20.00 Registration
10.00 – 10.15 Welcome to the Conference
Session
PROPOSED DIRECT TAX CODE IN INDIA - An Update (A panel presentation)
Chairman Dinesh Kanabar, KPMG, India
10.15 – 13.00 Presentations and discussion on the proposed Code. Panel speakers include R. N. Dash, Director General of International Taxation, India, and Sunil Gupta and Ashutosh Dikshit, Commissioners of Taxes, India (members of the Direct Tax Code Task Force in India). Other panelists: Shefali Goradia (Tax Partner, BMR Advisors, India), Akil Hirani (Managing Partner, Majmudar & Co., India), Nihar Jambusaria (Head of Tax, BDO, India), Dev Joory (Director, International Financial Services, Mauritius)
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    1. Shefali Goradia, Tax Partner, BMR Advisors, India
    2. Akil Hirani, Managing Partner, Majmudar & Co., India
    3. Nihar Jambusaria, Head of Tax, BDO, India
    4. Dev Joory, Director, International Financial Services, Mauritius
    5. Sunil Gupta, Joint Secretary, Tax Policy and Legislation,
          Ministry of Finance,Delhi
13.00 – 14.00 Lunch
Session
INTERNATIONAL TAX STRUCTURING FOR INVESTING ABROAD
Chairman Nishith Desai, Founder, Nishith Desai Associates, India
14.00 – 14.30 Shanker Iyer, Chairman, The Iyer Practice, Singapore
Investing in and through Singapore
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14.30 – 15.00 Stephen W. Bowman, Partner, Bennett Jones LLP, Canada
Investing in Canada
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15.00 – 15.30 Veerinderjeet Singh, Managing Director, Tax and Malaysia Sdn. Bhd.
Investing in Malaysia
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15.30 – 16.00 Girish Vanvari, Partner, KPMG, India
Investing in and out of India - Recent Developments
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16.00 – 16.30 Natascha Scholten, Director, TMF Group, United Kingdom
Tax Advantages of a Foreign Listing
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Session
INDIRECT TAXATION DEVELOPMENTS
Chairman Satya Poddar, Partner, Ernst & Young, India
14.00 – 14.15 Satya Poddar, Session Chairman
Overview of the proposed GST in India
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14.15 – 14.30 Rajeev Dimri, Head- Indirect Taxation, BMR Advisors, India
Treatment of Cross-border Transactions
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14.30 – 14.45 Chris Needham, Global VAT/GST Leader, General Electric (UK)
Planning for GST Implementation
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14.45 – 15.00 Piet Vandendriessche, Deloitte Global Indirect Tax Leader, Belgium
India's proposed GST system-Some of the Issues and Challenges
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15.00 – 16.00 Panel Discussion on "Issues and Controversies in Design of GST in India" led by Satya Poddar with conference speakers Bela Sheth-Mao (Shell India) and central and state government officials in India
16.00 – 16.30 Discussion & Questions
16.30 – 17.00 Tea Break
Session
SPECIAL PRESENTATION
Chairman Kiran Umrootkar, Finance Director, Jacobs Engg., India
17.00 – 18.00 Jersey Finance:
Richard Teather, International tax expert on Offshore Financial Centres
Jersey: Designing a GST
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Sean Costello, Chief Representative Officer, GCC & India, Jersey Finance
Jersey: international tax structuring for overseas investing
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Patrick Crowley, Country Executive Head, ABN AMRO Bank N.V. Jersey
Jersey: A gateway to enhanced wealth management
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18.00 – 18.30 Richard Pease, Solicitor and Counsel, Lenz & Staehelin, Geneva, Switzerland
The World of the Society of Trust and Estate Practitioners (STEP)
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18.30 – 19.00 Mauritius:
Rama Sithanen, Chairman, International Fiscal Services, Mauritius and Deputy Prime Minister and Minister of Finance and Economic Development: 2005 - 2010
Mauritius: An efficient gateway and hub for investment in Africa
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Harvesh Seegolam, Senior Investment Advisor, Board of Investment, Mauritius
Mauritius: A Financial Centre of Excellence
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19.00 – 22.30 Networking Dinner (Supported by Jersey Finance)

CONFERENCE PROGRAMME – 2011
Friday, December 2, 2011 - ITC MARATHA

Day 2
Session
INTERNATIONAL TAX ANTI-AVOIDANCE RULES
Chairman Sohrab Dastur, Senior Advocate, India
10.00 – 10.15 Welcome to Plenary Sessions
10.15 – 10.55 "Klaus Vogel" Speaker: Reuven Avi-Yonah, Irwin I. Cohn Professor of Law, University of Michigan Law School, United States
Current Global Scenario in Anti-avoidance Rules
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10.55 – 11.30 Harry L "Hank" Gutman, Director, KPMG Tax Governance Institute, United States
Anti-avoidance and Taxpayers' Rights
11.30 – 12.05 Philippe Martin, Tax Judge, France
Anti-avoidance - A Judicial View
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12.05 – 12.40 Discussion & Questions
12.40 – 13.00 Session Chairman's Remarks and Questions
13.00 – 14.00 Lunch
Session
INTERNATIONAL TAX ANTI-AVOIDANCE IN PRACTICE AND TAX TREATIES
Chairman Ketan Dalal, Joint Head of Tax, PricewaterhouseCoopers, India
14.00 – 14.30 Brian Cleave, UK Barrister and former Chief Solicitor (Inland Revenue), United Kingdom
Judicial Anti-avoidance Practice
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14.30 – 15.00 Stef van Weeghel, PricewaterhouseCoopers and Professor of International Tax Law, University of Amsterdam, The Netherlands
General Anti-avoidance Rules
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15.00 – 15.30 Luc De Broe, Professor and Partner, Laga (a Deloitte affiliated fiscal law firm), Belgium
Specific Anti-avoidance Rules
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15.30 – 16.00 Sanjay Kumar Mishra, Joint Secretary, Finance Ministry, India
Anti-avoidance Rules and Tax Treaties in India
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16.00 – 16.30 Discussion and Questions
16.30 – 17.00 Tea Break
17.00 – 18.00 Joint Panel Session - I : Are treaty overrides under anti-avoidance rules in domestic tax law justified? Discussion session with selected speakers and delegates chaired by
Roger Wheeler, (former Tax Head - General Motors).
Other panelists: Michael Lennard, Carol Dunahoo, Sanjay Kumar Mishra & Reuven Avi-Yonah
Session
SPECIAL PRESENTATION
Chairman Kiran Umrootkar Finance Director, Jacobs Engg., India
18.00 – 18.30 Guernsey Finance, Jonathan Hooley
Thriving as a compliant Jurisdiction
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18.30 – 19.00 Mauritius: Richard Arlove, Managing Director, Abax Corporate Services, Mauritius
Mauritius: Gateway to Africa's Renaissance
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19.00 – 22.30 Networking Dinner (Supported byGuernsey Finance)

CONFERENCE PROGRAMME – 2011
Saturday, December 3, 2011 - ITC Maratha

Day 3
09.00 – 10.30 Joint Panel Session - II: Anti-avoidance Rules - Role of the Judiciary. A panel discussion led by Mukesh Butani (Managing Partner, BMR Legal, India) and coordinated by Roger Wheeler (former Tax Head - General Motors) with Harry "Hank" Gutman, Director, KPMG Tax Governance Institute as Chairman. Other panelists: Philippe Martin, Brian Cleave & R. N. Dash
10.30 – 11.00 Coffee Break
Option One
INTERNATIONAL TAX DEVELOPMENTS
Session
RECENT DEVELOPMENTS IN THE UNITED NATIONS MODEL TREATY
Chairman Pranav Sayta, Partner, Ernst & Young, India
(Coordinated by Michael Lennard)
11.00 – 11.45 Michael Lennard, Chief, International Tax Cooperation and Trade Section, United Nations, New York
The Revised United Nations Model Tax Convention
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11.45 – 12.45 Panel Discussionon "Role of UN Model and its Commentaries" Panelists: Michael Lennard, T. P. Ostwal, Toshio Miyatake & Carol Dunahoo
12.45 – 13.00 Discussion and Questions
13.00 – 14.00 Lunch
Session
SOME RECENT INTERNATIONAL TAX DEVELOPMENTS
Chariman M. Lakshminarayanan, Head of Tax, Deloittes, India
14.00 – 14.30 Nordine Bensouda, General Treasurer, Ministry of Economy and Finance, Morocco
Developments in Africa
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14.30 – 15.00 Philippe Malherbe, Professor and Advocate, Belgium
Developments in Europe
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15.00 – 15.30 Miguel Valdes, Machado Associados, Lawyers, Brazil
Developments in Latin America
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15.30 – 16.00 Kyung Geun Lee, Partner, Yulchon, Korea
Developments in Asia (re Korea)
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16.00 – 16.15 Kaushik "Kim" Desai, Principal, Chown Dewhurst LLP, United Kingdom
Proposed UK Statutory Definition of Tax Residence
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16.30 – 17.00 Discussion & Questions
16.30 – 17.00 Tea Break
Option Two
TRANSFER PRICING
Session
TRANSFER PRICING TRENDS(Coordinated by Caroline Silberztein)
Chairman Uday Ved, Partner, KPMG, India
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11.00 – 12.40 Transfer pricing: what are the pressure points?
Session led by Caroline Silberztein.
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Panelists: Marc Levey, Shanto Ghosh, Sanjay Kumar Mishra and Michelle Levac
12.40 – 13.00 Discussion and Questions
13.00 – 14.00 Lunch
Session
TRANSFER PRICING: COUNTRY EXPERIENCES
Chairman Shyamal Mukherjee, Partner, PricewaterhouseCoopers, India
14.00 – 14.30 Canada - Michelle Levac, Transfer Pricing Specialist, Canada Revenue Agency, Canada
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14.30 – 15.00 U.S. - Marc Levey, Partner, Baker & McKenzie, United States
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15.00 – 15.30 Europe - Monique van Herksen, Partner, Ernst & Young, The Netherlands
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15.30 – 16.00 Japan - Toshio Miyatake, Partner, Adachi, Henderson, Miyatake & Fujita, Japan
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16.00 – 16.30 India - Rashmi Saxena Sahni, Commissioner of Income Tax, India
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16.30 – 17.00 Tea Break
Joint Final Session
17.00 – 18.00 Question and Answer session with the Transfer Pricing Directorate, Government of India, chaired by the Director General of Income Tax (International), India and coordinated by Rashmi Saxena Sahni, Commissioner Income Tax, India
18.00 – 18.55 Panel Discussion - Recent International Taxation Developments in India - A panel discussion with selected conference speakers and delegates chaired by T. P. Ostwal (Partner - T P Ostwal & Associates, India). Other panelists are M.Parasaran, Uday Ved, Bijal Ajinkya, Jairaj Purandare & S. Mahalingam. The session will be moderated by Abha Bakaya of Bloomberg UTV, India for broadcast on their channel in India.
18.55 – 19.00 Concluding Remarks
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