For this month only - we will be meeting on a Wednesday.

Topic: 15% Global Minimum Tax- 85% chances of success?

Speaker: Mr. Mohan R. Lavi,  K. P. Rao & Company, Chartered Accountants

Presentation:

130 countries from across the world in partnership with the OECD, have signed a global tax deal which would ensure that multinational companies pay some minimum taxes in the countries they operate in. Till date, due to their international presence, they could engage in “ treaty shopping” thereby picking and choosing the amount of taxes they pay. The global tax deal is an attempt to prevent that. 

This meeting would elaborate on the major aspects of both the tiers of the global tax deal as well as the challenges in its implementation. It would attempt to provide answers to a few questions such as: 

1.  Since not all countries have signed on the deal, will the tax deal be truly effective? 

2. Could the top 100 companies still indulge in tax planning? 

3. Would the global tax deal have adverse effects on tax collections in countries where the top 100 companies have only a nominal presence? 

Speaker's bio:

Mr. Mohan R Lavi qualified as a Chartered Accountant, from India, in the year 1989. He has over 25 years of experience in finance, across a variety of industries, primarily manufacturing and software. Mohan also has over 6 years of experience in CA Practice.  At present, he is a Partner with K. P. Rao & Company, Chartered Accountants, Bangalore, India, and heads the Ind-AS and GST practices of the firm. Mohan is the author of books on  IFRS, Ind AS, "Key Audit Matters", etc.  Mohan has spoken at various conferences in India and abroad on Accounting Standards, IFRS, Sarbanes Oxley and GST - and is a faculty member with the CA Institute, India, for their IFRS Certification course and Registered Valuer programs.   

Author of books on IFRS, Sarbanes Oxley Act and Service Tax.