International tax talk quarterly series with the EY Global Tax Desk Network - October 2024

In this webcast, panelists discuss anti-hybrid mismatch provisions and perspectives from across the world.

The introduction of anti-hybrid mismatch provisions within and outside the EU effectively requires companies to identify hybrid mismatches in any jurisdiction where they operate (not only in the countries adopting the new rules). A hybrid mismatch occurring anywhere in the world (even in jurisdictions without anti-hybrid provisions) could be unexpectedly “imported,” triggering potential tax consequences in jurisdictions not directly involved in the hybrid transaction (e.g., disallowance of local costs for the purchase of goods). Companies may also be required to comply with local reporting obligations and disclose potential hybrid structures.

In this webcast, panelists from Ernst & Young LLP will delve into the regional and local-country tax implications of anti-hybrid mismatch provisions that could affect US multinationals. Specifically, the webcast will focus on identifying when hybrid mismatches may occur and navigating the potential tax consequences. Panelists will also offer insights into the implications of the anti-hybrid mismatch provisions across various jurisdictions, including the EU member countries, Australia, the UK and Canada. They will provide a US perspective on the topic and address US local anti-hybrid provisions.

Panelists

• Sylwia Migdal, Principal, Eastern European Business Group Leader, Tax Desk, Ernst & Young LLP
• Anna Voortman, Partner, International Tax and Transaction Services, Ernst & Young LLP
• Ella Kettenacker, Principal, UK Tax Desk, International Tax and Transaction Services, Ernst & Young LLP
• Naomi Ross, Principal, Australia Tax Desk, International Tax and Transaction Services, Ernst & Young LLP
• Sebastien Durand, Senior Manager, Canada Tax Desk, International Tax and Transaction Services, Ernst & Young LLP

Moderator

• Emiliano Zanotti, Principal, Italy Tax Desk, 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