WTS Taxise co-founder Sam Sim was a keynote speaker at the Tax Governance in the Era of the Digital Economy conference on 13 December 2020 alongside the honourable Pascal Saint-Amans and Prof Dr Jeffrey Owens. The conference was a top-level China international tax conference co-hosted by the China State Tax Administration’s publication, Beijing National Accounting Institute and Alibaba Group.
The prestigious conference, held in hybrid format of online and offline, was attended by more than 300 leaders from finance and tax authorities, universities, large enterprises, tax consulting agencies and news media organizations.
Apart from being top ranked in the international call for papers alongside another paper from the National Tax Institute of China State Taxation Administration and Suzhou University International Taxation Strategic Research and Consulting Center, Sam also shared with the conference participants insights from his SMU research. The research showed, notwithstanding the OECD Inclusive Framework’s Pillar 1 and Pillar 2 proposals, that the true disruption from digital taxation to profit attribution, may lie in the rise of the East Asian ‘entrepreneur’ in profit splits, given the greater speed of post-COVID recovery and the increasing technological prowess of East Asia economies in developing, enhancing, maintaining and ultimately protecting intellectual property and setting global standards.
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