On 28 June 2012, first.advisory.ag hosted a half-day seminar in Zurich on the topic of “Administrative assistance policy – practical consequences under consideration of the withholding tax agreements”, where Professor Martin Wenz spoke about group requests on the basis of behavioural patterns.
On 28 June 2012, first.advisory.ag hosted a half-day seminar in Zurich on the topic of “Administrative assistance policy – practical consequences under consideration of the withholding tax agreements”, where Professor Martin Wenz spoke about group requests on the basis of behavioural patterns.
In his speech, Professor Martin Wenz, who holds the Chair for Tax Management and the Laws of Liechtenstein and International Taxation at the University of Liechtenstein, referred to the information exchange according to the OECD standard, and explored the tax information exchange agreement between Germany and Liechtenstein as well as the double taxation and withholding tax agreements between Germany and Switzerland. He went on to explain the requirements of the Austrian Administrative Assistance Implementing Act (ADG) and the Liechtenstein Law on Administrative Assistance in Tax Matters. Lastly, Professor Martin Wenz talked about the planned changes regarding the OECD standard and the adjustment of the OECD commentary in relation to group requests according to specific behavioural patterns.
In the scope of the event, an overview of tax regulations of the OECD, the Global Forum, the G-20, the UN, the FATF and the EU was presented by Mark Föllmi, and an overview of the administrative assistance policy in comparison with previous legislation was given by Daniel Ruffi (lic. iur.). With the help of practical examples, Daniel Holenstein (lic. iur.), Daniel Ruffi (lic. iur.) and Dr. Wolfgang Maute illustrated the procedure and procedural protection of the involved parties, as well as problems related to transfer pricing, residency and the type of taxation.
The seminar was aimed at representatives from the areas of corporate taxation and tax administration, as well as experts in the areas of trusts, banking, insurance, law, asset management and financial planning.