TIMELINE

? 7:30am - 8:00am

? 8:00am - 9:30am

?SPEAKERS

 
 TOPIC
“2015 tax law changes and recent Supreme Court tax cases impacting foreign investors”

Dear AMCHAM Members,

Come and hear the recent tax changes that may impact AMCHAM members and foreign companies doing business in Korea. As many of you are aware, while most of this year’s changes are targeted at economic recovery introducing a number of tax incentives to boost the local economy and domestic consumption, the government continues its effort on revenue increase introducing a number of new provisions such as Corporate Accumulated Earnings Tax. Deloitte’s presentation will highlight what tax law changes may impact foreign invested companies’ tax position in 2015 as well as suggestions to mitigate additional tax burdens arising from such changes. In addition, Lee & Ko will provide an update on recent Supreme court cases dealing with Beneficial Ownership and the troubling conclusions reached in some of these decisions that Cayman Islands partnerships are beneficial owners of income and gains derived from Korea with the result that no tax treaty protection is available on such income and gains that would be attributable to ultimate investors who are residents of tax treaties with Korea.

Best regards,

AMCHAM Taxation Committee Co-Chairs
Henry An / Sim Seo / Jay Shim?