Tax incentives on corporate income taxation (CIT) have been a core component of the investment promotion toolkit for many Investment Promotion Agencies (IPAs) and Special Economic Zones (SEZs). As decade-long international initiatives to tackle harmful tax regimes and profit shifting are now heading to some major outcome – most notably with the signature of a global minimum corporate income tax rate by almost 140 jurisdictions and the early commitment to implementation by some major investor countries – it is the appropriate time for IPAs and SEZs to get prepared.
This session will deep dive on the implications of OECD BEPS tax reforms on the activity of IPAs and SEZs. Jointly led by OECD and UNCTAD experts, it will discuss the impact of tax reforms and their implications for the strategy and operations of IPAs and SEZs, with particular focus on the use of fiscal incentives to attract international investment.
- What will be the impact of the tax reforms on tax incentives to attract foreign investment?
- How relevant are tax incentives in traditional IPAs/SEZs investment attraction strategies? What are the implications of the tax reforms on investment attraction strategies of IPAs ans SEZs?
- How can IPAs and SEZs respond to the challenges and opportunities posed by the global tax reforms?