"International Tax Planning: Tasks and Solutions" seminar takes place in Kiev
20/11/2008
On November 12, 2008 the American Chamber of Commerce held a seminar entitled "International Tax Planning: Tasks and Solutions". Guest speakers Ton Kemp and Natalia Luchkova have arrived to Kyiv from Amsterdam and Prague represented the KempHoogstad company, international consultancy firm specializing in international taxation.
During the seminar, participants had an excellent opportunity to discuss and exchange professional points of view and experiences on such important questions as: principles and mechanisms of international structuring and planning pertaining to projects developed in CIS and Eastern European Countries in terms of such jurisdictions as the Netherlands, Cyprus, Luxembourg and Ireland; international planning in the reality of Ukrainian market and problems that Ukrainian companies may face when planning an entrance on international markets, etc.
Mr. Kemp and Ms. Luchkova also focused on the jurisdiction eligibility criteria for the tax structuring purposes, and the principles of applying basic provisions of double taxation treaties.
Vasil Kisil & Partners Law Firm was represented by Ivan Yurchenko, Associate of Corporate Department. According to Mr. Yurchenko, international tax planning may be recommended, in particular, in connection with the contemplated sale of business, when attracting an investor, or in order to ensure efficient project financing. The unavailability of effective corporate management methods in Ukraine and, as a consequence, the structuring of Ukrainian businesses through foreign jurisdictions, imply the analysis of their tax favorability. A solution to international tax planning problems is based on using the provisions of the network of Treaties on Avoiding Double Taxation, including the practice of their application and interpretation, as well as on the application of tax law provisions existing in the corresponding foreign countries.
In closing Mr. Yurchenko said: "Vasil Kisil & Partners has a long successful history in this sphere offering effective tax solutions to its clients in terms of M&A, corporate financing and real estate transactions. Our experience allows us to correctly estimate the tax burden for successful development of national and international businesses. »
During the seminar, participants had an excellent opportunity to discuss and exchange professional points of view and experiences on such important questions as: principles and mechanisms of international structuring and planning pertaining to projects developed in CIS and Eastern European Countries in terms of such jurisdictions as the Netherlands, Cyprus, Luxembourg and Ireland; international planning in the reality of Ukrainian market and problems that Ukrainian companies may face when planning an entrance on international markets, etc.
Mr. Kemp and Ms. Luchkova also focused on the jurisdiction eligibility criteria for the tax structuring purposes, and the principles of applying basic provisions of double taxation treaties.
Vasil Kisil & Partners Law Firm was represented by Ivan Yurchenko, Associate of Corporate Department. According to Mr. Yurchenko, international tax planning may be recommended, in particular, in connection with the contemplated sale of business, when attracting an investor, or in order to ensure efficient project financing. The unavailability of effective corporate management methods in Ukraine and, as a consequence, the structuring of Ukrainian businesses through foreign jurisdictions, imply the analysis of their tax favorability. A solution to international tax planning problems is based on using the provisions of the network of Treaties on Avoiding Double Taxation, including the practice of their application and interpretation, as well as on the application of tax law provisions existing in the corresponding foreign countries.
In closing Mr. Yurchenko said: "Vasil Kisil & Partners has a long successful history in this sphere offering effective tax solutions to its clients in terms of M&A, corporate financing and real estate transactions. Our experience allows us to correctly estimate the tax burden for successful development of national and international businesses. »