BEGIN:VCALENDAR
PRODID:-//Session events Calendar//IBA//EN
CALSCALE:GREGORIAN
VERSION:2.0
BEGIN:VEVENT
DTSTAMP:20260424T170408Z
DTSTART:20230921T140000Z
DTEND:20230921T153000Z
SUMMARY:Global M&A transactions and indirect sale for capital gains taxat
 ion - how to deal with the attribution of price and lack of regulation
DESCRIPTION:Developing countries have been concerned that offshore indire
 ct transfers can be used to avoid capital gains taxation in the country 
 where the underlying assets are located. Famous tax controversies includ
 e the Vodafone case in India\, acquisition of Petrotech in Peru\, acquis
 ition of Minera Disputada Las Condes by Anglo American in Chile and the 
 Zain case in Uganda. Several countries\, including Argentina\, Brazil\, 
 Chile\, India and Peru\, have implemented rules for taxation of indirect
  transfers or challenging transactions reputed as abusive tax planning. 
 This panel will discuss the impact of taxation of indirect transfers on 
 global M&amp\;A transactions\, including issues around thresholds for tr
 iggering tax in the source country\, valuation of underlying assets\, ru
 les on real estate thresholds\, attribution of capital gains\, interface
  of indirect transfer rules with tax treaties and enforcement rules to c
 ollect tax liability. \n
LOCATION:
UID:0da2a192-af3e-401c-b396-bd43813e71a9
END:VEVENT
END:VCALENDAR