Spotlight Event: Transfer Pricing in Latin America and the Caribbean

Spotlight Event: Transfer Pricing in Latin America and the Caribbean
April 26, 2013
Buenos Aires
Agenda
HOTEL INTERCONTINENTAL
Agenda
08.30 - 09.00
Conference Registration
09.00 - 09.20
Opening Remarks
Mr Marcio Verdi, CIAT, Mr Rajul Awasthi World Bank/IFC and Mr Roland von Frankenhorst, ITC
Master of Ceremonies
Mr Socorro Velazquez, CIAT
09.20 - 9.40
Session 1: The policy environment and key issues in Latin America and the Caribbean
Ms Arcotia Hatsidimitris, World Bank/IFC
9.40 - 10.40
Session 2: Private Sector Perspectives on transfer pricing Chair: Mr Guillermo O. Teijeiro, IFA, Argentina
1.
Ms Monique van Herksen, Ernst & Young
2.
Ms Elina Castro, Alstom
3.
Q&A
10.40 - 11.00
Coffee Break
11.00 – 12.30
Session 3: Is Simplification Possible? Chair: Mr Alejandro, SII, Chile
1.
Safe Harbors and other simplification initiatives: Ms Grace Perez-Navarro, OECD
2.
Transfer pricing and Maquiladoras: the Mexican approach: Mr Sergio Luis Pérez Cruz, Mexican Tax Administration Service MoF
3.
Tax Administration access to international public information: Mr Gonzalo Arias, CIAT
4.
Alternative to the focus on the arm's length principle: The Brazilian approach Adriana Gomes Rêgo (English) (Spanish)
5.
Q&A
12.30 -14.00
Lunch
14.00 - 15.10
Session 4: Emerging Transfer Pricing Topics Chair: Mr Roland von Frankenhorst, ITC
1.
Intangibles: Ms Grace Perez-Navarro, OECD
2.
Business Restructuring: Ms Monique van Herksen, Ernst & Young
3.
Q&A
15.10 – 15.30
Coffee break
15.30 – 17.00
Session 5: Parallel roundtable discussions – expect 50 participants 10 -13 people per table per session
To be managed by Ms Ana Cebreiro, IFC Panama
Participants can choose three sessions, each session will be introduced by the expert/s followed by an informal group discussion (duration per topic is 30 minutes)
15.30 - 16.00
16.00 – 16.30
16.30 – 17.00
Table 1 Advance Pricing Agreements
Table 1 Advance Pricing Agreements
Table 1 Advance Pricing Agreements
Table 2 Treatment of Services
Table 2 Treatment of Services
Table 2 Treatment of Services
Table 3 Using EOI for transfer pricing enforcement
Table 4 Using EOI for transfer pricing enforcement
Table 4 Using EOI for transfer pricing enforcement
Table 4 Import/Export of agricultural commodities
Table 5 Import/Export of agricultural commodities
Table 5 Import/Export of agricultural commodities
Lead Speakers – there will be an interpreter available at each table
17.00 – 17.15
a.
Advance Pricing Agreements: Mr Sergio Luis Pérez Cruz, Mexican Tax Administration Service MoF
b.
Treatment of Services: Ms Marcia Grostein and Ms María José Santos, Dirección General Impostiva (DGI) Uruguay
c.
Using Exchange of Information (EOI) for transfer pricing enforcement: Mr Gonzalo Arias, CIAT
d.
Import/Export of agricultural commodities: Ms Diana Guterman, Administración Federal de Ingresos Públicos, Argentina
Wrap up Mr. Rajul Awasthi World Bank/IFC
Background
Trade liberalization and the mobilization of the production factors (capital and labor) continue to be characteristics of the current world economy. It is for
this reason that there are ever more increasing taxpayer cross-border economic transactions, even in less developed economies. Latin America and the
Caribbean are no exception. This trend has led governments to adopt changes in their tax systems in order to protect their tax bases. Of significant interest
are issues dealing with transfer pricing.
Transfer pricing is probably one of the most complex areas in international taxation. An immediate effect of globalization is the rapid growth of multinational
enterprises (MNE) whose activities cannot be easily adapted to the tax regulations normally designed for domestic spheres. The delocalization of production,
the fast growth of intangible flows (information, knowledge, design), especially among large multinational business groups, the permanent change in the
financial sector and in products offered that may lead to financial decisions involving displacement of taxable bases, etc., greatly hinder the adoption of
effective national tax policies; since the real economic subject, when it comes to large multinationals, are very complex economic groups and not the
taxpayers particularly considered by each national regulation.
Under this scenario the Inter-American Center of Tax Administrations (CIAT) will hold their 2013 General Assembly and address several topics dealing with
international taxation. Transfer pricing will be a main subject of discussion. In light of this opportunity, the International Finance Corporation (IFC) of the
World Bank Group and the CIAT organization find it an opportune time to sponsor a workshop on case studies in the area of transfer pricing in Latin America
and the Caribbean.
The workshop is designed for tax officials from Latin America and the Caribbean.