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CONFERENCE PROGRAMME
DECEMBER 6-8, 2012
ITC MARATHA HOTEL, MUMBAI
CONFERENCE PROGRAMME – 2012
Thursday, December 6, 2012 - ITC MARATHA
Day 1
08.00 – 20.00 Registration
10.00 – 10.15 Welcome to the Conference
Session
SUBSTANCE AND FORM IN INTERNATIONAL TAXATION "PLENARY SESSION"
Chairman SohrabDastur, Senior Advocate, India
10.15 – 10.55 "Klaus Vogel" Speaker: Frederik Zimmer, Professor, Faculty of Law, University of Oslo, Norway
Substance and Form - Some General Issues
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10.55 – 11.35 Andrew Dawson, Her Majesty Revenue & Customs, United Kingdom
Substance and Form under Model Tax Treaties
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11.35 – 12.15 Michael Durst, Tax Attorney, United States
Substance and Form and Transfer Pricing
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12.15 – 12.45 Bruno Gangemi, Partner, Macchi di Cellere, Studio Legale, Italy
Substance and Form – A European View
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12.45 – 13.00 Session Chairman's Remarks and Questions
13.00 – 14.00 Lunch
Session
SUBSTANCE AND FORM IN PRACTICE
Chairman Ketan Dalal, Joint Head of Tax, PricewaterhouseCoopers, India
14.00 – 14.30 U.S. - Marc Levey, Partner, Baker & McKenzie, United States
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14.30 – 15.00 India - Pramod Kumar, Member, Income Tax Appellate Tribunal, India
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15.00 – 15.30 Brazil - Marcos Valadao, Professor of Law, Catholic University of Brasilia, Brazil
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15.30 – 16.00 Canada - Al Meghji, Partner, Osler, Hoskin & Harcourt, Canada
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16.00 – 16.30 U.K. - Nikhil Mehta, Barrister, United Kingdom
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16.30 – 17.00 Tea Break
17.00 – 18.00 Panel Discussion I - Economic Substance over Form in International Taxation - A Myth or Reality ?
A panel discussion led by Jairaj Purandare, former Senior Partner, PwC, India and chaired by Dr. Parthasarathi Shome, Director and Chief Executive, ICRIER, New Delhi - Panellists: Mary Bennett, United States; Bruno Gangemi, Italy; Ana Utumi, Brazil; Frederik Zimmer, Norway
SPECIAL PRESENTATION
18.00 – 18.30 Geoff Cook & Richard Teather, Jersey Finance, Jersey
Demonstrating Substance - Applying Case Law in an offshore Context
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18.30 – 19.00 Ambassador. (Mrs.) Usha Dwarka-Canabady, Ministry of Foreign Affairs, Mauritius
Mauritius as an International Financial Centre with particular reference to India -Mauritius Tax and Treaty Issues
19.00 – 22.30 Networking Dinner (Supported by Jersey Finance)

CONFERENCE PROGRAMME – 2012
Friday, December 7, 2012 - ITC MARATHA

Day 2
Session
EMERGING ISSUES IN INDIAN INTERNATIONAL TAXATION
Chairman Dinesh Kanabar, Deputy CEO and Chairman Tax, KPMG, India
09.00 – 09.15 Chairman's Remarks
09.15 – 09.45 Professor Parthasarathi Shome, Director and Chief Executive, ICRIER, New Delhi Emerging Issues in Indian International Taxation – Special Address
09.45 – 10.15 Girish Dave,former Director of International Taxation, India
Overview of Vodafone case in India and Indian Tax Policy
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10.15 – 10.45 Shefali Goradia,International Tax Partner, BMR Advisors, India
Recent Developments in General Anti-avoidance Rules (GAAR) in India
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10.45 – 11.15 Uday Ved,Senior Partner and former Head of Tax, KPMG, India
Indirect Transfers and Retrospective Legislation in India
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11.15 – 11.45 Alpana Saksena,Director, KPMG, India
India’s New Advance Pricing Arrangement (APA) Program
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11.45 – 12.45 2012 Supreme Court Vodafone Decision and Subsequent Developments
Discussion led by Dinesh Kanabar on the 2012 Indian Supreme Court decision in Vodafone appeal case, its retrospective amendment and subsequent developments Panellists: Girish Dave, India; Al Meghji, Canada; Nikhil Mehta, United Kingdom; Mohan Parasaran, India; Mukesh Butani, India.
12.45 – 13.00 Discussion and Questions
13.00 – 14.00 Lunch
Session
INTERNATIONAL TAX STRUCTURING FOR INVESTING ABROAD
Chairman Nishith Desai, Founder, Nishith Desai Associates, India
14.00 – 15.00 International Tax Issues affecting Multinationals
Discussion led by Nishith Desai - Panellists: Peter Barnes, General Electric, United States; Catherine Damelincourt, Alstom Group, France; S. Mahalingam, Tata Consultancy Services, India
15.00 – 16.00 Transfer Pricing Rules for Developing Countries - Issues and Options
Discussion led by T P Ostwal, India - Panellists : Michael Durst, United States; Michael Lennard, United Nations; Caroline Silberztein, France; Stig Sollund, Norway; Marcos Valadao, Brazil
16.00 – 16.30 Discussion and Questions
16.30 – 17.00 Tea Break
Session
INDIRECT TAXATION DEVELOPMENTS
Chairman Satya Poddar, Head of Indirect Tax Practice, Ernst & Young, India
14.00 – 14.15 Chairman's Remarks
14.15 – 14.45 Marie Pallot, Head of VAT Policy, New Zealand
Considerations in Taxation of Financial Services
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14.45 – 15.15 Sachin Menon, Head of Indirect Taxation, KPMG, India
Taxation of Services: Overlaps in Centre-State Division of Taxation Powers
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15.15 – 16.30 Controversies in Taxation of Services in India
Discussion led by Satya Poddar - Panellists: Prashant Deshpande, Deloittes, India; Sachin Menon, KPMG, India; Rohan Shah, Economic Laws Practice, India; and invited speakers from corporates and government.
16.30 – 17.00 Tea Break
SPECIAL PRESENTATION
Chairman Kiran Umrootkar, Trustee, Foundation for International Taxation, India
17.00 – 17.30 Gregory Jones, Director of Taxation, KPMG, Isle of Man
Tax Structuring Opportunities using Isle of Man for Investing in the UK and European Union
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17.30 – 18.00 Thomas Hanzely, Managing Director, BBD Enterprises, Bahrain
Middle East-Recent International Tax Developments
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18.00 – 18.30 Dermot S.L. Butler, Chairman, Custom House Group, Malta
Non-tax costs of Regulatory Changes
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18.30 – 19.00 Pascal Janssens, Partner, PricewaterhouseCoopers, Belgium
Belgium – Investment Incentives and Tax Advantages
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19.00 – 22.00 Networking Dinner

CONFERENCE PROGRAMME – 2012
Saturday, December 8, 2012 - ITC Maratha

Day 3
08.30 – 10.30 Panel Discussion II : Substance and Form - Role of the Judiciary
A panel discussion led by Mukesh Butani, Managing Partner, BMR Legal, India and chaired by Justice S.H. Kapadia, former Chief Justice of India - Panellists: Arvind Datar, Senior Advocate, India; Marc Levey, United States; Marcos Valadão, Brazil; Frederik Zimmer, Norway; and Hon. G.E.Veerabhadrappa, former President – Income Tax Appellate Tribunal, India.
10.30 – 11.00 Coffee Break
Session
RECENT DEVELOPMENTS IN THE MODEL TREATIES
Chairman Pranav Sayta, National Leader & Partner, Ernst & Young, India
11.00 – 11.30 Michael Lennard, Chief, International Tax Cooperation Section, United Nations
United Nations Treaty Model-The 2012 Update
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11.30 – 12.00 Mary Bennett, Partner, Baker & McKenzie, United States
OECD Treaty Model-Recent Developments
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12.00 – 13.00 Substance and Form and Tax Treaties
Discussion led by Pranav Sayta - Panellists: Mary Bennett, United States; Andrew Dawson, United Kingdom; Michael Kobetsky, Australia; Michael Lennard, United Nations; Stig Sollund, Norway
13.00 – 14.00 Lunch
Session
SOME REGIONAL TAX DEVELOPMENTS
Chariman M. Lakshminarayanan, Managing Partner - Tax, Deloitte, India
14.00 – 14.30 Shreya Rao, Senior Tax Lawyer, Nishith Desai Associates, India
Developments in India
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14.30 – 15.00 Bruno Gangemi, Partner, Macchi di Cellere, Studio Legale, Italy
Developments in Europe
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15.00 – 15.30 Ana Claudia Akie Utumi, Partner, Tozzini Freire Advogados, Brazil
Developments in Latin America
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15.30 – 16.00 Veerinderjeet Singh, Chairman, Taxand Malaysia
Developments in Asia (ex. India)
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16.00 – 16.30 Discussion & Questions
16.30 – 17.00 Tea Break
Session
TRANSFER PRICING DEVELOPMENTS
Chairman Uday Ved, Executive Director & Head of Tax, KPMG, India
11.00 – 12.00 Intangibles: Transfer Pricing or Anti-Abuse? Definition and Ownership Issues
12.00 – 13.00 Intangibles: Goodwill, Location Savings, Valuation Methods
Discussions led by Caroline Silberztein - Panellists: Peter Barnes, GE, United States; Michelle Levac, Canada Revenue Authority, Canada; Marc Levey, Baker & McKenzie, United States; Marlies de Ruiter, OECD, Paris. Caroline Silberztein, Baker & McKenzie, France
13.00 – 14.00 Lunch
Session
TRANSFER PRICING - REGIONAL DEVELOPMENTS
Chairman Shyamal Mukherjee, Joint Head of Tax, PricewaterhouseCoopers, India
14.00 – 14.30 Stig Sollund, Director General, Tax Law Dept., Ministry of Finance, Norway
United Nations - Practical Transfer Pricing Manual for Developing Countries
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14.30 – 15.00 North America - Al Meghji, Partner, Osler, Hoskin & Harcourt, Canada
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15.00 – 15.30 Australia - Michael Kobetsky, Professor, Melbourne University
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15.30 – 16.00 India - Rahul Mitra, Partner, PricewaterhouseCoopers, India
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16.00 – 16.30 OECD - Marlies de Ruiter, Head of Tax Treaty, Transfer Pricing & Financial Divs., Paris
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16.30 – 17.00 Tea Break
17.00 – 18.00 Panel Discussion III : Recent Indian Cases and Developments in Transfer Pricing - A panel discussion with selected conference speakers and delegates led by Vijay Iyer, National Transfer Pricing Leader & Partner, Ernst & Young, India. Panellists currently include Vinod Mangotra, ex Revenue – KPMG, India; Rohan Phatarpekar, KPMG, India; Karishma Phatarpekar, Grant Thornton, India; and Sanjay Tolia, PricewaterhouseCoopers, India. The session will be recorded by CNBC - TV18.
18.00 – 18.55 Panel Discussion IV : Recent Indian Cases and Developments in International Taxation - A panel discussion with selected conference speakers and delegates led t by T P Ostwal, Partner, T P Ostwal Associates, India. Panellists currently include Bijal Ajinkya, Nishith Desai Associates, India; Gokul Chaudhri, BMR Advisors, India; Sunil Shah, Deloitte, India; and G C Srivastava, ex Revenue, India. The session will be recorded by CNBC - TV18.
18.55 – 19.00 Concluding Remarks
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