Conference “The new international tax landscape and its impact in Luxembourg”

UEL, with the support of the Luxembourg Chamber of Commerce, organizes a tax conference on “The new international tax landscape and its impact in Luxembourg” on 11 January 2022 at 2.30 pm.

This conference presents a timely opportunity to discuss the recent OECD proposals for reforming the international tax landscape, known as Pillars 1 and 2, as well as the EU proposals on the minimum effective taxation and the scrutiny of shell entities released on 22 December 2021.

The conference starts with welcome addresses by the President of UEL and by the President of the Chamber of Commerce and Eurochambres, followed by opening speeches by the recently appointed Luxembourg Minister of Finance and by the Director of the Center for Tax Policy and Administration at the OECD. Thereafter, two panels involving experts from MNEs, EU and international organizations discuss the key elements of this new international tax landscape and their impacts for businesses and small open economies such as Luxembourg. The conference ends with closing remarks by the Director General of the Chamber of Commerce.

Panel 1: The future of international taxation – impact for MNEs

The first panel will explore the new international tax rules and the expected implications for businesses in terms of business models and compliance / reporting obligations.

The panel will be moderated by Flora Castellani, UEL Tax Counsel, with the following distinguished panelists who will share their views on the relevant topics:

• Georg Geberth, BusinessEurope’s tax policy working group member, member of the tax Committee of Business@OECD and Director Global Tax Policy, Siemens AG
• Bernard David, Chairman of the Luxembourg tax committee of the AMCHAM and Head of Tax, Deloitte, Luxembourg
• Catherine Pocas, Chair of the Fiscal Committee at the Luxembourg Bankers‘ Association (ABBL) and Head of Tax, Société Générale, Luxembourg
• Ioan Sabau, Tax Manager EMEA, Goodyear Dunlop Tires, Luxembourg
• Keith O’Donnell, Chair of the ALFI tax commission and Managing Partner, ATOZ, Luxembourg

Panel 2: The future of international taxation – challenges and opportunities for Luxembourg and other small economies

The second panel will expand on the impacts of these proposals on revenue, investment and tax competition for small open economies such as Luxembourg. It will further discuss the possible implementation issues for tax administrations.

The panel will be moderated by Jean-Paul Olinger, UEL Director, with the following distinguished panelists who will share their views on the relevant topics:

• Benjamin Angel, Director for Direct Taxation, DG TAXUD, European Commission
• Emil Stavrev, Deputy Division Chief and Luxembourg/Norway Mission Chief European Department, International Monetary Fund
• Carlo Fassbinder, Tax Director at the Luxembourg Finance Ministry
• Werner Haslehner, Professor of Law, University of Luxembourg
• Natalia Radichevskaia, Financial Counsellor, Permanent Representation of Luxembourg to the OECD