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4th World Services Group (WSG) Tax Conference

Tax Consultant Aris Damianou represented our firm at the 4th annual WSG tax conference, held in Vienna on 5-6 May 2011 and hosted by the Austrian WSG firm Dorda Brugger Jordis. Nineteen participants from WSG European member firms attended the conference, and exchanged ideas on international taxation and planning.

The meeting itself consisted of three major panel sessions, covering the following subjects: (a) Strategies to relocate debt within group companies/ domestic limitations to avoid base erosion (b) Holding / financing structures, the evolution of the beneficial ownership concept and substance over form, and (c) Discussions regarding the proposal of the European Commission for a Directive on a Common Consolidated Corporate Tax Base (CCCTB). The optional CCCTB shall enable European groups to calculate their taxable profits, according to a single set of rules.
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