The Hon. Anna Bligh AC & Karen Payne to review changes in financial services – 2018 Financial Services Taxation Conference

The Hon. Anna Bligh AC
For the past 15 years, leaders from across the financial services sector have kicked off each new year at The Tax Institute’s Financial Services Taxation Conference. The 2018 event in February will prove to be no different, with prominent figures setting the agenda and grappling with the big issues.

The program will feature a keynote address from The Hon. Anna Bligh AC, Chief Executive Officer of the Australian Bankers’ Association and former Premier of Queensland.

Anna will review the legislative and administrative changes proposed or enacted in 2017. From the diverted profits tax to hybrid mismatch rules, she will assess the impact these measures have had on the sector and more broadly. She will also look at the Turnbull government’s bank levy and proposals such as the Corporate Collective Investment Vehicle regime, the introduction of a mandatory disclosure regime, and issues related to transparency.

In addition, Anna will present her view on the effective taxation reforms that could grow the financial sector, and the politics of taxation reform.

Karen Payne CTA, inaugural CEO of the Board of Taxation, will present a session looking at the pros and cons of a mandatory disclosure regime (MDR) in Australia, and how it would work practically (in conjunction with the reportable tax position schedule, or some other disclosure).

The Board of Taxation has recently consulted on the introduction of an MDR that would require taxpayers and advisers to report details of transactions and clients to the ATO.

In her session at the conference, Karen will cover the various design options that have been considered (including the UK’s DOTAS regime and the OECD’s work on BEPS Action 12) and which design may be best for Australia.

Other key sessions will include an update on the Black Economy Taskforce from Michael Andrew AO, Chair of the taskforce, plus technical and practical sessions on residency, the taxation of stapled structures and the diverted profits tax, and core updates from new cases and rulings and a briefing from the ATO on their focus areas.

Breakout sessions will cover transfer pricing, GST, life insurance and superannuation, corporate restructures and foreign investments by Australian funds.

Join us at the QT Gold Coast to learn and network with your peers in a boutique setting on 7-9 February 2018.

You can find out more about the sessions described above and the rest of the program on our website. Be quick, early bird pricing closes on Friday, 24 November 2017.

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