【Registration closed】JCC/JETRO/PwC Seminar Securing resources and operational management in the rapidly changing European economy, and 2023 Dutch Tax Reform
JCC Trade & Investment Committee
Dear JCC Members,
Invitation to JCC/JETRO/PwC Seminar
Securing resources and operational management in the rapidly changing European economy, and;
2023 Dutch Tax Reform
JCC organizes the seminar “Securing resources and operational management in the rapidly changing European economy, and;
2023 Dutch Tax Reform” with the cooperation of JETRO and PwC on October 26.
Despite the hope of economic recovery following the lifting of COVID-related restrictions, European economies are currently faced with increasing inflation due to energy and resource price increases following sanctions against Russia in the wake of the invasion of Ukraine. Interest rates are also set to increase going forward with the European Central Bank deciding to raise its policy rate, leading to a real risk of “stagflation” setting in. Businesses from all industries are simultaneously faced with chronic personnel shortages, as was seen in the disruption in airports across Europe this summer. All this leads to increasing uncertainty in the European economic environment, with the development and maintenance of stable governance structures of ever-growing importance for businesses.
In this seminar, an economist with PwC Netherlands will first discuss recent economic developments in Europe. Next, PwC Consulting’s lead for Japanese businesses in Europe will discuss the European labour market and what can be done by businesses. Specialists from PwC will also discuss governance structures and strengthening for European subsidiaries with reference to actual cases. Finally, our secondees from PwC Japan will provide updates on the 2023 Dutch Tax Reform announced in September, the new Dutch Transfer Pricing Decree announced in July, and accounting and legal developments.
- Date: Wednesday, October 26, 2022
- Seminar: 14:00-17:40 (including 1 hour networking session).
※Doors open at 13:30, please aim to arrive by 13:45 to give sufficient time to register.
- Location: PwC Netherlands, Westgate 2/Executive floor
※The building is located on the west side.
- Address: Thomas R. Malthusstraat 5, 1066 JR Amsterdam
※Indoor parking is available and entry is from the south side of the building. If you are coming by car, please register at the time of application.
- Application: Apply via JCC website : https://www.jcc-holland.nl/, user name: ordinary / PW：ORjcctiger04!!
- Admission is free of charge
- Language: English and Japanese
- Program:
| Timetable | Time | Speaker & language | Content |
| 14:00: Opening remarks (JCC/PwC) |
10 min. | Mr. Tetsutaro Shimogasa Member of the board, JCC Executive Director, JETRO Amsterdam(Japanese)Mr. Albert Brouwer Partner, PwC Netherlands Japan Desk Leader (English) |
|
| 14:10-14:40 Latest Economic trends in EuropeAn economist’s view on the latest developments in Europe and the Netherlands, and the challenges faced by businesses |
30 min. | Mr. Remko Blom Senior manager, PwC Netherlands(English) |
Whilst countries across Europe are continuing their economic recovery following the lifting of COVID restrictions, the shift away from Russia in the wake of the invasion of Ukraine and subsequent economic and financial sanctions continues to gather pace. Increases in resource and energy costs have led to an increase in inflation, with the European Central Bank announcing that they will raise their policy rate in response. As a result, “stagflation” is expected to hit the European economy towards the end of 2022 with both prices increasing and the economy in slowdown. The scene for Japanese multinationals operating in Europe is distinctly uncertain.
In this session, we will discuss the latest economic developments and the important issues that businesses need to address. |
| 14:40-15:10
Disruption in the European labour market and measures for securing personnel |
30 min. | Mr. Ryosuke Sasaki Partner, PwC Germany Responsible for consulting services to Japanese businesses in Europe(Japanese) |
With the end of the COVID pandemic in sight, the disbalance in supply and demand for labour that began around the same time is only worsening, with European businesses faced with severe competition in the race to secure human resources.
It goes without saying that sufficient labour is essential for stable operations for any business. In this session, our specialist from PwC Consulting will discuss the present situation and expected future developments in the European labour market and what actions can be taken by businesses. |
| 15:10-15:20
Break |
10 min. | ||
| 15:20-15:50
Strengthening governance structures for European subsidiaries |
30 min. | Mr. Masaru Abe Partner, PwC JapanMr. Masahiko Komatsu PwC Netherlands, Senior Manager(Japanese) |
In Europe, with the dynamic of the single market and inter-country competition, governance has long been an important topic for subsidiaries of Japanese multinationals. With the current environment of rapidly increasing inflation and new ways of working following the pandemic, the governance and management of subsidiaries is becoming more and more of a challenge.
In this session, we will discuss governance structures for European subsidiaries and how to strengthen them with reference to actual cases. |
| 15:50-16:20
2023 Netherlands tax reform and transfer pricing regulations update
|
30 min. | Mr. Masaya Watanabe
Senior manager, PwC Netherlands
Mr. Thomas Heaton Manager, PwC Netherlands
(Japanese) |
In this session, two of our secondees from PwC Japan will discuss the 2023 Dutch Tax Reform and the new Dutch Transfer Pricing Decree released in July.
The 2023 Tax Reform was announced on September 20. This discussion will focus on the important points for corporate income tax. The new Transfer Pricing Decree contains updated guidance on financial transactions with related parties which may impact on the transfer pricing policies of Japanese multinationals. In this session, we will discuss the main updates and potential challenges posed for businesses. |
| 16:20-16:35
Accounting, Legal, Non-financial reporting update |
15 min. | Mr. Akira Arai
Senior manager, PwC Netherlands (Japanese) |
In this session, a secondee from PwC Japan will discuss accounting, IFRS, legal, and non-financial reporting (CSRD etc.) updates and how they relate to Japanese multinationals. |
| 16:35-16:40
Closing remarks |
5 min. | Mr. Albert Brouwer Partner, PwC NetherlandsJapan Desk Leader(English) |
|
| 16:40-17:40
Networking session |
60 min. | – | |
| 17:40
Closing |
– | – |
We are looking forward to you registration!