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AMCHAM Taxation Committee Meeting
  ►SPEAKERS Tom Kwon
Partner, Lee & Ko
Steve H. Oh

Senior Associate, Lee & Ko
  ►TOPICS 2017 Proposed Tax Amendments & Impact of Anti-Corruption Act on Taxpayers  
  ►DATE Thursday, December 1st, 2016  
  ►TIME 8:00am - 8:30am: Registration / Networking
8:30am - 10:00am: Breakfast / Speech / Q&A

Hotel Lotte (Downtown, Sogong-Dong), Berkeley Suite (36th Fl.)

  ►COST KRW43,000 for members
KRW53,000 for non-members
  ►RSVP/PAYMENT BY Noon, Wednesday, November 30th, 2016
*No refunds for cancellations made after this date and time.
*For walk-ins, additional KRW10,000 will be charged.
  ►CONTACT (email) amchamrsvp@amchamkorea.org, (phone) 82.2.6201.2200  
      Tom Kwon
Tom Kwon advises Korean and foreign companies as well as investment funds on tax matters. He practices primarily in international tax and M&A tax, including inbound and outbound acquisition structuring / re-structuring, cross-border transactions and offshore fund formation and structuring from tax perspective. Tom’s practice also involves advising clients on tax controversies and disputes and matters involving investor’s protection.
click to view SPEAKER'S FULL BIO
      Steve H. Oh
Steve Oh is a senior associate in the Seoul Office of Lee & Ko's Tax practice. Steve Advises corporate, banking and investment fund clients on the tax aspects of financing and corporate merger transactions. His guidance to domestic and foreign clients includes, among other things, tax planning for taxable and tax-free mergers, acquisitions, divestitures, spin-offs and restructuring.
click to view SPEAKER'S FULL BIO

The Co-Chairs of the Taxation Committee are pleased to invite you to attend a breakfast briefing which will cover two topics: “2017 Proposed Tax Amendments” and “Impact of Kim Young Ran Law on Taxpayers”

The first topic will deal with the proposed tax amendments for 2017, with emphasis on international tax provisions that may impact individuals and corporation. The proposed changes are especially important in light of the global tax initiative referred to as “BEPS.” As most of the members of Taxation Committee are well aware, the reporting and documentation provisions related to transfer pricing are especially onerous and it is likely that taxpayers will face significant compliance hardship. The speakers will explain how the BEPS initiative is impacting the domestic law and also cover other major provisions that may impact you personally as well as your company’s tax position in 2017.

The second topic is also important and timely: the speakers will discuss how the Anti-Corruption Act referred to as the “Kim Young Ran Law” that came into force on September 28, 2016 is likely to impact taxpayers. The Anti-Corruption Act is expected to have a revolutionary impact on how businesses deal with government officials, especially with tax and customs auditors. It is no secret that many businesses and advisors have relied on their well-established relationship with tax officials to avoid harsh and difficult tax audits. However, with the Kim Young Ran law which is now effective, it would be prudent to examine whether such relationship violates the Kim Young Ran Law and if necessary, develop new approaches to working effectively with tax officials.

We hope you can join us for what we anticipate will be a highly informative session.

Best regards,

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

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