International tax talk quarterly series with the EY Global Tax Desk Network

Recent proposed tax changes across the globe may have significant implications for companies in the next quarter and beyond. Some of these changes are complex, so it is important that businesses understand them and try to prepare now – particularly for those that take effect in 2024.

Join our Global Tax Desk professionals for insights on recent developments in Australia, Brazil, Hong Kong, Mexico, Switzerland, and the United States and an analysis of how they might affect your businesses. Topics will include:

• Australia’s proposed legislation on the deductibility of intangible payments, changes to debt limitation rules and new public country-by-country reporting measures
• Brazil’s latest transfer pricing reform and proposed indirect tax reform
• Hong Kong’s revised foreign-sourced income exemption rule, which is expected to undergo further legislative changes by year end
• Mexico’s requirement for taxpayers to frequently review their intercompany transactions and level of debt, the entry into force of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), and the potential implications of recent case law
• The new circumstances under which Switzerland will treat cash deposits pooled by a group of corporations as short-term vs. long-term debt, which may affect companies’ current cash pool setups
• Potential US legislative developments around R&D expensing, interest deductibility, bonus depreciation and treaties (Taiwan, Chile), as well as the impact of Notice 2023-55, which provides temporary relief for taxpayers seeking a foreign tax credit

Panelists

• Naomi Ross, Australia Tax Desk Leader, International Tax and Transaction Services, Ernst & Young LLP
• Aline Milla, Brazil Tax Desk, International Tax and Transaction Services, Ernst & Young LLP
• Charlotte Wong, Hong Kong Tax Desk, International Tax and Transaction Services, Ernst & Young LLP
• JD Hamilton, National Tax, International Tax and Transaction Services, Ernst & Young LLP
• Jose Manuel Ramirez, Mexico Tax Desk, International Tax and Transaction Services, Ernst & Young LLP
• Stefan Ruest, Swiss Tax Desk Leader, International Tax and Transaction Services, Ernst & Young LLP

Moderator

• Tobias Appl, German Tax Desk Leader, International Tax and Transaction Services, Ernst & Young LLP

EY webcast managed and produced by Ernst & Young LLP’s Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax