Thursday, 27 May 2021
11 am Central European Time | 12 pm Finland Time

TRACE

Best Practices in Streamlining Withholding Tax Procedures

In partnership with

Why attend

Only a few months to go until Finland goes live with its withholding tax treaty claim process for non-resident portfolio investors, being the first country to adopt TRACE, the OECD Treaty Relief and Compliance Enhancement Package.

TRACE was created to streamline the procedures for claiming reduced tax rates by leveraging on the central role of intermediaries, that, when becoming Authorised Intermediaries, agree to the automatic exchange of information, thus taking advantage of the opportunity to simplify cross-border investments for its clients.

Learn about the real advantages of TRACE, for Finland introducing some adaptations, for potential further countries adopting this regime, and last but not least for clients and their custodians registering as AI. Are there Challenges for the industry and how do experts assess the success of this initiative regarding the potential for second and third movers?

The key take-aways

The advantages of TRACE

The particulars in Finland

The implementation challenges

The future of TRACE

The webinar panel

Click to view full speaker details

Pilar Espejo, Director, Global Head of Tax and Policy Assurance - Tax & Regulatory, Asset Servicing | BNY MELLON

Pilar joined BNY Mellon in 2015 and is the Head of Tax and Policy Assurance (global markets), within Tax & Regulatory. Pilar's team is responsible for providing independent risk and policy direction in respect of custody product and tax changes to BNY Mellon.

Before joining BNY Mellon, Pilar worked for over 13 years as an International Tax specialist with EY in London and KPMG in London and Australia. Prior to this, Pilar worked as a Tax and M&A lawyer with Andersen in Lima, Peru.

Pilar holds a Masters in Law (LLM) from the London School of Economics, a Degree in Law and Political Sciences from the University of Lima (Peru) and has been admitted to the Bar in Lima, Peru.

Pilar is an active participator at several industry associations and currently chairs the Tax Issues Committee at the Association of Global Custodians (AGC) and the Treaty & Withholding Tax Working Group at the UK Investment Association (The IA).

Nigel Nelkon, Global Head of Tax Business Services | BNP PARIBAS

Nigel has been with BNP Paribas Securities Services for over 6 years as UK Head of Tax Client Services with overall responsibility for the provision of all tax services to our clients in the UK . More recently he was appointed to Global Head of Tax Business Services and in this role, Nigel leads a team of tax specialists to help monitor, assess and implement tax changes affecting our services offered across all markets and locations. Nigel is a senior tax professional with over 20 years' experience in the financial services sector, specialising in asset management and operational taxes. He has previously worked in industry and Big 4 accountancy firms, holding senior leadership roles.

Emma Pulkkinen, Tax Specialist | VERO SKATT

Virpi Pasanen, Director, Tax and Legal Services | DELOITTE

Virpi works as financial services industry leader in Tax and Legal in Deloitte Finland. Altogether Virpi has over 20 years of vast experience in corporate and international tax.

Virpi has been assisting several banks, investment funds, and pension and insurance companies in various tax issues such as

business taxation, withholding taxation, Trace, reporting requirements, DAC6, cross-border taxation, EU-law, tax treaties, and litigation.

Before joining Deloitte in May 2018, she has worked for over 17 years as a tax lawyer in the Confederation of Finnish Industries. Virpi’s expertise in tax policy is widely respected in Finland and she has a large professional network. Virpi is also a member of BIAC Tax Committee.

Virpi has also been a member of the Board of tax adjustments resolving major tax disputes in Finland for almost 10 years. Through that experience, she brings not only deep knowledge of tax laws but also practical views for our client´s controversial cases.

Rupert Brandstetter, Product Manager | SDS

Rupert has been in Software Development for more than 15 years in various roles. His current role is that of a Product Manager for SDS’ Tax (QI, FATCA and CRS) Reporting Solution SDS IREG.

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This webinar is in partnership with

SDS is continuously setting digital standards in financial market operations, regulations and compliance solutions for the international financial industry. The comprehensive SDS portfolio covers state-of-the-future products and services for all customer and market-related processes, ranging from global securities and derivate processing, regulatory, tax and compliance automation, solution-based consulting, professional testing services to managed services. More than 3,000 financial institutions worldwide with over 10,000 users in +80 countries trust in SDS and its sustainable business values. With our proven industry experience of over 4 decades, we have become a highly trusted and equally reliable partner of renowned financial institutions all over the world. SDS is Member of Deutsche Telekom, one of the world’s leading providers of information and communications technology.
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