Asian Voices: BEPS and Beyond

Asian Voices: BEPS and Beyond
A true reflection of the Voices of Asia – top tax administrators, leading academics and industry thought leaders discuss the BEPS Project in the context of Asia’s unique conditions.

Why this book?

The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project has, thus far, mostly been an OECD-driven project. Nevertheless, its efforts in involving representatives from developing and emerging countries in the Asia-Pacific region have been encouraging and are laudable, given the tremendous challenges of achieving global consensus in a highly technical field and the tight time frame of the BEPS Project. The Asia-Pacific region poses unique challenges in its great diversity of economic development, as well as cultural and legal traditions. Australia, Japan, New Zealand and Korea, as OECD members, are at the forefront of tax innovation and development, while China, India and Indonesia are at the table as members of the G20. However, the majority of the countries in the region are non-OECD, non-G20 developing countries. For these developing countries, the BEPS changes will bring added challenges at a time when their economies are rapidly transforming and they are in the midst of absorbing and legislating pre-existing international tax principles and modernizing their tax administration.

The purpose of this book is to enrich the current discourse on the work of the OECD, by drawing on the top minds in tax and transfer pricing across Asia-Pacific. It aims to fill a void in the BEPS debate where the Asian perspective and the impact of the unique conditions in the region on the outcome of the BEPS Project may not have been adequately articulated or considered.

This book takes the form of a series of analyses, commentaries and case studies, grouped along geographic, industry and thematic lines, critically examining the implications of the BEPS Project for the region. The approach taken is multifaceted, encompassing perspectives from key tax administrators and policymakers, leading academics and thought leaders in the advisory space, balanced with industry views and practical case studies applying the BEPS recommendations to business models common to the region. 

Foreword by H. David Rosenbloom


Sample excerpt, including table of contents


Sam Sim is Regional Vice-President (EMEA, Asia and Latam) of the Tax Executive Institute (TEI) and was previously President of the TEI Asia chapter and Chair of the Capital Markets Tax Committee TP Sub-Committee. He is also Transfer Pricing Geo Leader EMEA, Asia-Pacific & Japan, at a Forbes 50 US MNE and was previously Deputy Head, Global Transfer Pricing of a FTSE 100 financial institution. Mr Sim has lectured at, inter alia, the Master of Tax programme at SIM University, University of Leiden's Executive Tax Program and spoken at various conferences including in London, Paris, Berlin, Vienna, Miami, Johannesburg, Mumbai and Beijing. His professional experience includes being an attorney at the firm of White & Case in New York and an Assistant Director at the Monetary Authority of Singapore. Mr Sim has published extensively, the latest being in the area of Digital Economy Taxation and Blockchain, and holds graduate degrees in Law (NYU LLM (Tax)), Economics (MA, Cambridge University) and Accounting (MPA, SMU).

Mei-June Soo is a senior editor at IBFD, responsible for Asia-Pacific publications as well as other IBFD topical databases and books. She started her tax career in a global tax advisory firm and spent 8 years at the IBFD headquarters in Amsterdam before moving to the Asia-Pacific regional office in Kuala Lumpur, Malaysia, eventually heading the operations until May 2016. Ms Soo has experience in a wide range of industries and tax areas, and in servicing a variety of clients from governments to advisory firms to multinational entities.


Satoru Araki, Peter Barnes, Mukesh Butani, Liz Chien, Chung-Sim Siew Moon, Graeme Cooper, Wei Cui, Eng-Tay Geok Lee, Iwan Hoo, John Hutagaol, Kim Jacinto-Henares, Mark Konza, Hoon Lee, Michael Lennard, Liao Tizhong, Li Hanli, Yoshihiro Masui, Patricia Mongkhonvanit, Tae-Yon Nam, Peter Ng, Noor Azian Abdul Hamid, Jeffrey Owens, Abraham Pierre, Pascal Saint-Amans, Phensuk Sangasubana, Jack Sheehan, Parthasarathi Shome, Sam Sim, David Smith, Kenny Sung, Romero J.S. Tavares, Robert Thomson, Steve Towers, Anita Tsang, Chalermphong (Charles) Tungboriboonrat, John Walker, Michael Walpole, Richard Watanabe, Wong Hsin Yee, Cindy Wong Siu Ching, Yong Sing Yuan.

Asian Voices: BEPS and Beyond
Chapter 1: The OECD/G20 Project on Base Erosion and Profit Shifting
Chapter 2: The Action Plan on BEPS
Chapter 3: BEPS and Tax Administrations
Chapter 4: Tax Administration and BEPS Implementation in Asia
Chapter 5: China: International Taxation in the Post-BEPS Era
Chapter 6: A Commentary on the BEPS Project and Its Influence on Developing Countries
Chapter 7: BEPS Challenges in Asia and Australia’s Response
Chapter 8: BEPS Action Plan at the Implementation Stage – An Indonesian Perspective
Chapter 9: Malaysia’s Response to BEPS
Chapter 10: Taxation and BEPS – Singapore’s Perspective
Chapter 11: Thailand and the Ongoing BEPS Debate
Chapter 12: The Impact of the BEPS and Tax Information Exchange Projects on Regional Cooperation amongst Asia-Pacific Tax Authorities
Chapter 13: Global Tax Policy Post-BEPS and the Perils of the Silk Road
Chapter 14: Impact of BEPS Actions on Theoretical and Legal Frameworks
Chapter 15: Some Thoughts on the BEPS Proposals to Control Treaty Abuse
Chapter 16: Action 14: Making Dispute Resolution Mechanisms More Effective – An Asian Perspective
Chapter 17: An Academic Viewpoint on Some Fundamental Aspects of the BEPS Project
Chapter 18: BEPS in Australia
Chapter 19: China’s Response to the BEPS Recommendations and the Impact on Taxpayers
Chapter 20: Is BEPS Changing the Taxation Landscape in Hong Kong?
Chapter 21: The Mekong Region: Cambodia, Laos, Myanmar, Thailand and Vietnam
Chapter 22: Indonesia – Responses to BEPS
Chapter 23: Korea – Early Mover on BEPS, More to Come
Chapter 24: BEPS through Singapore’s Lens
Chapter 25: Taiwan: International Taxation in the Post-BEPS Era
Chapter 26: Analysing the Likely Impact of the BEPS Project on Common Business Models
Chapter 27: BEPS: The Corporate Tax Leader’s Perspective
Chapter 28: Life after BEPS in Asia: Challenges and Opportunities in “Digital” Economy Taxation
Chapter 29: The Arm’s Length Principle: Stretching the Tent to Bring Asia under the Broad Church
Chapter 30: Conclusion and What the Future Portends