The Future of Tax: What Lies Ahead?
Baker McKenzie hosted the 38th Annual Asia Pacific Tax Conference in Singapore, which brought together leading tax professionals to share valuable insights on the latest tax developments in the Asia Pacific region.
Today's business and tax leaders must contend with an increasingly complex tax, regulatory, and economic landscape. The shift in the international tax system is well underway, with the OECD Pillar Two already effective in some jurisdictions, and more jurisdictions preparing to implement it next year. Tax positions are under heightened scrutiny by governments and tax authorities globally.
The conference addressed some of the most pressing topics for 2024, featuring breakout sessions on key issues such as significant developments in regional tax, transfer pricing, and indirect taxes; the impact of international tax changes on business reorganizations; emerging tax audit trends; and new tax challenges related to ESG and advancements in AI. The keynote speech also offered insightful predictions for 2025 US tax legislation.
If you would like to discuss any of the topics further, please do not hesitate to contact us.