Paul Hondius, OECD

Paul Hondius Mr. Hondius is a policy advisor with the Organisation for Economic Co-Operation and Development (OECD), focusing on exchange of information policy, the Common Reporting Standard, the Multilateral Convention on Mutual Administrative Assistance, TRACE and the BEPS transparency actions (Country-by-Country Reporting and the exchange on tax rulings). Prior to the OECD, Mr. Hondius worked as a Tax Advisor at KPMG Luxembourg from 2007 – 2010 and as a Tax Attorney with Arendt & Medernach in Luxembourg from 2010 – 2014. At both positions Mr. Hondius focused on international financial services taxation, as well as exchange of information matters such as EOI requests and FACTA. Mr. Hondius studied Law and Economics in St. Gallen, Berlin, Washington D.C. and Sydney (lic.iur HSG 2005 and LL.M in 2007).

Agenda

09.05-09.35

Major changes in the tax environment

  • OECD Base Erosion and Profit Shifting (BEPS) initiative – An update
  • Introduction of the EU Anti-Tax Avoidance Directive (ATAD) in Luxembourg legislation
  • Exchange of information – Evolutions
  • Impacts for Luxembourg and the Luxembourg fund industry
  • Paul Hondius

    Paul Hondius Policy analyst – International cooperation OECD


14.05-15.00

Access to Double Tax Treaties for investment funds

  • General overview
  • Modifications introduced through the OECD BEPS initiative (in particular BEPS Action 6)
  • Consequences for Luxembourg investment funds (UCITS and AIFs)

16.15-16.45

Taxes and AML-Newly introduced links:

  • Introduction of a new tax offence in Luxembourg legislation
  • Tax offences as primary offences for AML,
  • Access by tax authorities to AML files of professionals – new EU Directive (DAC5)
  • Impact for the Luxembourg investment fund industry

16.45-17.45

Exchange of information

Exchange of Information

  • introduction on exchange of information in general and how it has evolved over the last few years

Common Reporting Standard:

  • ALFI FAQs
  • Feedback on first reporting under Common Reporting Standard
    Country by Country Reporting:
  • Main features and scope
  • Country by Country Reporting for Luxembourg investment funds and funds’ structures

DAC 6 – automatic exchange of information in the field of taxation in relation to reportable crossborder arrangement:

  • New measures to be introduced and new obligations for advisors
  • Impacts for funds’ structures