16 FOCUS BEPS 16 26 M&A BEPS 30 BEPS 33
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BEPS BEPS 2016 5 BEPS 4 3 BEPS 2017 4 13 2016 1 1 Dr. Credits: Diaz Wichmann Photography Studio Credits: Vorname Name 6 2015 5 6 2015 2 2016 2 4 EY - 16 EY - 16 5
BEPS BEPS 12 2016 1 13 8 10 OECD BEPS BEPS 5 APA 2016 4 1 8 10 SAT EY BEPS BEPS ey.com/bepstracker Credits: Vorname Name Credits: Rogan Macdonald 6 EY - 16 EY - 16 7
16 FOCUS Governments vs. business: who s in the lead? SEE PAGE 20 Three companies confront a post-beps world SEE PAGE 32 M&A turning into a minefield SEE PAGE 44 The EU s take on the biggest tax rewrite ever SEE PAGE 48 Valère Moutarlier Director, Directorate General for Taxation and Customs Union, European Commission BEPS BEPS BEPS and business ey.com/tax EY online taxinsights.ey.com Tax online Tax thought leadership Tax Insights Focus BEPS Tax Insights? BEPS? BEPS OECD BEPS BEPS Tax Insights BEPSEU BEPS EU BEPS7 PE 7 10 BEPS 16 BEPS BEPS 22 BEPS 26 2016 2017 3 M&A BEPS 30 M&A 2015 2016 M&A BEPS 33 BEPS 36 EU BEPS EY tax.knowledge@jp.ey.com BEPS? EMEIA EY Tax BEPS BEPS 7 Credits: Vorname Name Credits: Vorname Name BEPS BEPS www.ey.com/gl/en/services/tax/ey-beps-isbroader-than-tax 8 EY - 16 EY - 16 9
BEPS BEPS BEPS and business BEPS Dr. 2012 6 G20OECD 4%10% OECD BEPS OECD OECD OECD 2014EY Tax Insights 34 G20 OECD 15 2015 10 4 OECD OECD IT UKEY AV BEPS OECD BIAC BIAC 2015 12 > Credit: Merydolla/Shutterstock Credits: Vorname Name 1 1 15 4 2: 3: CFC 4: 5: 15 5 6 7 PE 8 910 8 9 10 15BEPS 3 2 3 1 OECD OECD 15 OECDBEPS 154 11 BEPS 12 13 14 10 EY - 16 EY - 16 11
BEPS BEPS OECD BEPS BEPS BIAC OECD Credit: all-silhouettes.com Dr. AB BEPS BEPS EY BEPS EU BEPS BEPS 1 1 BEPS8 BEPS OECD 7 5 + under 750 million a year EY EMEIA 7BEPS PE PE 1 1 BEPS > BEPS 1 BEPS EY IT 12 EY - 16 EY - 16 13
BEPS BEPS EBITDA 10%30% BEPS 7 IT 1 BEPS BEPS BEPS BEPS BEPS BEPS BEPS 15 Credits: Vorname Name Credits: Vorname Name BEPS BEPS BEPS BEPS BEPS 4EUBEPS 127 CFO BEPS BEPS BEPS * CFC CFC CFC BEPS CbC BEPSMNE DEMPE BEPS DEMPE: development, enhancement, maintenance, protection and exploitation 5 BEPS BEPS EBITDA 2 BEPS BEPS Nexus BEPS MNE MNE BEPS PE MNE MNE BEPS BEPS Treaty shopping MNE CFC * 14 EY - 16 EY - 16 15
BEPS BEPS BEPS EY BEPS BEPS BEPS BEPS OECDBEPS 100 1 100 BEPS OECD BEPS OECD BEPS EU BEPS 1 7 5 Credit: Manuel Presti/Science Photo Library/Keystone VP BEPS BEPS BEPS 1 1BEPS > 16 EY - 16 EY - 16 17
BEPS BEPS EY 8 10 1 BEPS OECD BEPS BEPS BEPS 1 BEPS PE EY PE 2 1 BEPS BEPS Credit: Manuel Presti/Science Photo Library/Keystone EY BEPS BEPS 1OECD BEPS BEPS 1 EY BEPS BEPS 1 1 BEPS BEPS BEPS BEPS BEPS 18 EY - 16 EY - 16 19
BEPS BEPS 1 Chris Hill, Carrick-a-Rede Rope Bridge in Northern Ireland. 20 EY - 16 EY - 16 21
TP.WEB is an integrated IT platform for BEPS 13 compliant TP documentation BEPS BEPS BEPS BEPS Credit: all-silhouettes.com BEPS BEPS OECD BEPS 2 PE BEPS EY OECDPE 1 OECD BEPS EY BEPS13 TP.WEB CbCR.WEB 2 ERP EY tax.marketing@jp.ey.com Efficient management of increased TP documentation requirements under BEPS Action 13 EY OECDPE PE BEPS PE 1 PE BEPS 30 > 22 EY - 16 EY - 16 23
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BEPS BEPS EY 2016 2017 3 OECDBEPS 132015 10 3 1 2017 4 1 2016 4 1 2016 4 1 1 G20 OECDBEPS BEPS 15 42015 10 5OECD 3 2016 4 1 2017 4 1 1,000 1 OECD 3 2015/3/31 2016/3/31 2017/3/31 2018/3/31 2016 3 2017 3 2018 3 2016 3 1,000 2017 3 3 2017 3 2015/3/31 2016/3/31 2017/3/31 2018/3/31 2016 3 2017 3 2018 3 2017 3 2018 3 1: 2: 2 1 2 2018/6/30 2018 3 / 3: 1 26 EY - 16 EY - 16 27
BEPS BEPS 3 50 3 1. i. ii. 2. i. ii. iii. iv. v. 1. i. ii. iii. 2. i. ii. iii. 3. i. ii. iii. 4. A 3. 5. B 3. 6. i. ii. A iii. B ii. 3. i. ii. iii. iv. v. 4. i. ii. iii. 5. i. ii. 7. i. ii. iii. A iv. B 8. i. a. b. A c. B ii. a. b. A c. B iii. a. b. A c. B 9. i. A a. b. c. ii. B i. 1,000 1,000 2 3 3 2016 2017 2018 1 3 4 6 7 9 10 12 1 3 4 6 7 9 10 12 1 3 4 6 CbCR 2017 3 :MF LF CbCR 2016 3 LF LF/ 2016 3 / MF 2016 3 MF MF LF MF MF LF 2 2017 3 LF 2017 3 CbCR 2017 3 1 2017 3 MF 2017 3 2 2018 3 LF 2 2018 3 LF 2018 3 1 2017 3 2 2016 2018 31 2 2010 2018 3 28 EY - 16 EY - 16 29
BEPS BEPS M&A BEPS M&A M&A / M&A BEPS M&A BEPS / 2016 4EYGlobal Capital Confidence Barometer M&A M&A BEPS M&A EY Q: 12? 57% 56% 59% 50% M&A 2015 2016 M&A BEPS Base Erosion and Profit Shifting = OECD 15 M&A M&A 2015 11 2016 M&A 2016 4 2010 4 41% 2010 10 38% 2011 4 40% 2011 10 31% 2012 4 25% 2012 10 29% 2013 4 35% 2013 10 31% 2014 4 40% 2014 10 2015 4 2015 10 41% CCB* 2016 4 *EY 30 EY - 16 EY - 16 31
BEPS BEPS Q: 12 M&A 2% 2% 5% 15% 49% 49% Q: 4% 6% 4% 7% 5% 10% 9% 7% 11% 27% 18% 38% 47% 26% 43% 54% 36% 47% BEPS 46% 83% 49% 0 20 40 60 80 2015 4 2015 10 2016 4 69% 76% 58% 46% 69% 47% 37% 57% 42% 2015 4 2015 2016 10 4 2015 4 2015 2016 10 4 2015 4 2015 2016 10 4 M&A BEPS M&ALBO BEPS 2 4 BEPS 6 / BEPS 7PE / / BEPSOECD M&A 1. www.pfizer.com/news/press-release/press-release-detail/pfizer_announces_termination_ of_proposed_combination_with_allergan I. EY OECD BEPS 15 Base Erosion and Profit Shifting BEPS2015 10 Action 13 G20 III. 32 EY - 16 EY - 16 33
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BEPS BEPS OECD BEPS? EUBEPS? CFC BEPS EU BEPS OECD BEPS EU BEPS? 28 BEPS OECDOECD BEPS? OECDIMF > Credit: Wiktor Dabkowski 36 EY - 16 EY - 16 37
BEPS BEPS? EU BEPS CFC? EU BEPS14 BEPS OECD? OECD BEPS EU G20 EU? EU OECD 28 1951 ECSC 6 EU 2013 EU28 BEPS? EU BEPS? BEPS BEPS? BEPS EU? BEPS EU BEPSOECD ı 2003 5 Connect with us EY 1. http://www.eytax.jp/mailmag/ 2. * @EY_TaxJapan Ernst & Young Tax Co. Tax insights www.eytax-insights.jp EY Japan Tax EY Webcast ナレッジナビゲーター EY Apple App StoreGoogle Google play EY Assurance Tax Transactions Advisory EY EY EY ey.com EY EYEY M&A www.eytax.jp 2016 Ernst & Young Tax Co. All Rights Reserved. Japan Tax SCORE 20160831 ED 0617 EY EY www.eytax.jp 38 EY - 16 EY - 16 39
BEPS? ey.com/betterworkingworld #BetterQuestions Credits: Vorname Name 2016 Ernst & Young Tax Co. All Rights Reserved. Japan Tax SCORE 20160810. ED None. 40 EY - 16