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  • Christian Janisch BERLIN_WMV_720x405 KPMG

  • Thursday, October 10, 2013 Transcript by TransPerfect

  • ??

  • CHRISTIAN JANISCH: So, no, I donít think the system has kept up with the changes and

  • that is in two regards. For one, globalization is too fast for tax authorities and the tax

  • system to adapt. And the other point, really, is technology. Technology is moving so fast

  • that it is virtually impossible for the tax world to keep up to pace with that. So thereís

  • a bit of a disconnect between the development of business models in technology and the tax

  • world. I think weíre lacking behind, at least, 4 or 5 years.

  • Well, I think tax directors today need to keep up with a few changes. One, of course,

  • if the transparency; tax is very much in the media spotlight. So we all have got to learn

  • how to deal with communications a lot more than we did in the past. Simplify things and

  • not be too technical. That is very important and everyone in the tax world has got to learn

  • that. I think the other piece is really keeping up with the fact that taxes is moving from

  • income taxes more to, sort of, action-based taxes. And that means weíve got to understand

  • processes a lot more than aggregated tax world that we had before. So this is changing definitely

  • what is asked from us and the skill set of the people that we are looking for needs to

  • change with it, as well.

  • I believe it is a question to be discussed very controversially whether really the tax,

  • as it is, the tax system as it is fit for purpose to deal with the digital world. If

  • I discuss with my colleagues there are some that say it is; it just needs smaller amendments

  • to the existing server systems. Others say it needs a completely new design. And, as

  • we heard today on stage from Nichola [INDISCERNIBLE 00:01:51] people out there with ideas on how

  • that might look like. I think itís a debate still to be had. I donít know whether that

  • where that will exactly lead us, but I think itís a very interesting question; probably

  • one of the most challenging ones for tax experts these days. We, again, need to make sure that

  • we donít become too technical about it, but it is a very complicated question to answer

  • and I think weíll only get to a solution if we discuss properly and analyze properly.

  • Well itís difficult to say whether it is a concept of new normal at the moment because

  • it is, again, in constant flux and change. I think thereís a lot of things we need to

  • adapt to. As I said, much more process focused, much more technology focused, globalized to

  • an extent weíve never seen before. And all these things are here to stay so thatís the

  • new normal, but, again, it is changing again and fast. The pace of technology is not slowing

  • down at all so the new normal might as well be a constant change.

  • ??

Christian Janisch BERLIN_WMV_720x405 KPMG

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