This webinar will explore the concept of a “Tax Vacuum” within international tax law, examining jurisdictional gaps where certain incomes or activities fall outside the taxing power of any state.

The discussion will focus on the implications of such vacuums on global tax equity, economic efficiency, and tax sovereignty. Using real-world examples, the session will also analyse recent measures by international organisations such as the OECD and G20 to address these challenges through initiatives like BEPS (Base Erosion and Profit Shifting).

Webinar Objectives

• Define and understand the term “Tax Vacuum”

• Differentiate between jurisdictional vacuum and jurisdictional overlap

• Explore the role of double tax agreements (DTAs) in mitigating tax vacuums

• Evaluate the effectiveness of global tax initiatives, such as BEPS, in filling jurisdictional gaps

• Discuss the broader implications for businesses and governments

Webinar Outline

• Introduction to Tax Vacuums
-Definition and examples
-Key causes and historical context

• International Tax Jurisdiction
-Primary vs. secondary jurisdiction to tax
-Role of connecting factors (residence and source)

• Mechanisms to Address Tax Vacuums
-DTAs and unilateral relief
-OECD’s Model Tax Convention and BEPS

• Case Studies
-Real-world implications of tax vacuums
-Judicial precedents and international practices

• Challenges and Future Outlook
-Remaining gaps in international tax frameworks
-Potential solutions and reforms

Audience

This session is designed for:

• Tax professionals and consultants

• Legal advisors specialising in international tax law

• Government policymakers

• Financial and accounting practitioners in multinational corporations

Speaker:

Sarkis Mazraani | Financial Risks Specialist