Das TC Gebäude bei Nacht.

Transfer Pricing, AI, Blockchain & Data Analytics

2nd Workshop by the Digital Economy Taxation Network (DET)

Past Event: workshop on TRANSFER PRICING, AI, BLOCKCHAIN & DATA ANALYTICS organized by the Digital Economy Taxation Network, February 22, 2020

The Digital Economy Taxation Network is now a well-established forum, with five high – level conferences organized in Vienna, Geneva, Singapore, China and United States. The annual conferences are useful way to take an overall assessment of where the international community stands on the digital tax transformation. To support these high-level conferences, DET has launched a series of workshops on VAT, Transfer Pricing, AI and tax compliance, the shared economy and international issues. Each issue has a dedicated research team drawn from the DET Network and will undertake policy relevant research, which will feed into the current international debate. The fourth conference was held in July 2018 and focused on the Shared Economy. The first workshop was on VAT/GST and was held in Vienna on the 17th and 18th December 2018. The sixth conference was held in Geneva and focused on Taxation and Artificial Intelligence.

This second workshop focused on a potential use of AI, Blockchain & Data Analytics in Transfer Pricing, as well as on how the Transfer Pricing rules can be affected by the speedy development of new technologies. In the workshop, we discussed the opportunities and challenges that the most advanced form of technology poses for transfer pricing tax compliance, both from perspective of governments and businesses. By the end of the workshop, we have provided practical insights on:

  • The general features of AI and Blockchain and their potential practical applications in transfer pricing areas, in particular with respect to functional and comparability analyses, and transfer pricing reporting

  • Potential for real-time tax compliance and cost savings through AI applications and other new technologies

  • AI and Blockchain opportunities for dispute minimization and settlement.

  •  

This workshop brought together government officials, international and regional organizations, business and academics.

For more information, please contact Ms. Milena Gegios at milena.jana.gegios@wu.ac.at.