February 3, 2025
Time:
4:00 pm
VC Faculty Lounge, Academic Block, LUMS
The CNM Department of Economics, in collaboration with the the Mahbub ul Haq Research Centre, is pleased to announce a Brown Bag Talk by Dr. Shafi Khan, Academic Faculty at the Department of Business Law and Taxation, Monash Business School, Monash University, Australia.
For those unable to attend in person, the session will be available online via Zoom. Please find the details below:
Meeting ID: 912 6123 0185
Passcode: 518655
Abstract:
October 8, 2021 marked a milestone in the history of international tax policy, with 136 nations reaching a political agreement to adopt groundbreaking new tax rules. A final global deal was struck on July 11, 2023, under the auspices of the Organization for Economic Development and Cooperation (OECD). This agreement is the culmination of discussions taking place at the OECD since 2015.
The new international tax policy, based on the so-called “two pillar approach” (which has now been agreed by 141 out of 143 participating nations), promises significant issues in the taxation of multinationals, set to take effect in 2024-25. While certain operational details and related rules are still under development, the new policy will mark a substantial shift in the existing 100-year-old international tax structure.
Under Pillar 1 of the global tax agreement, market jurisdictions will gain the right to tax profits of certain digital multinational companies for the first time. Meanwhile, Pillar 2 proposes a global minimum corporate tax rate of 15%. This session will discuss the potential consequences of these changes and their potential tax implications for Pakistan.
About the Presenter:
Dr. Shafi U. Khan Niazi is a faculty member at the Department of Business Law and Taxation, Monash Business School, Monash University, Australia. Before joining academia, Dr. Khan worked as a civil servant for over 15 years, holding various prominent positions, including Additional Commissioner (Income Tax) and Chief of the Federal Board of Revenue.
Dr. Khan holds multiple degrees, including a Master’s and MPhil from Quaid-e-Azam University; a Master’s in Business and Commerce and a Master’s in Taxation Policy and Management from Keio University, Tokyo; and a Doctorate in Taxation from Monash University, Melbourne.
He is a former Joint/Japan World Bank Scholar and a participant in the prestigious International Visitors Leadership Program of the U.S. State Department, where he focused on federal taxation (Washington DC), state taxes (New York City), city taxes (Oklahoma City), and county taxes (San Francisco and Sacramento). In 2015, Dr. Khan was awarded the IFA-Graham Hill Award for research excellence in comparative and international tax law by the International Fiscal Association (IFA). He also led the 2024 Country Report on Pakistan’s international tax regime, submitted to the Fiscal Committee of the International Law Association (London/Vienna/Brussels).
Dr. Khan's research interests include international and EU taxation, tax policy, and international tax avoidance. He has presented his work at international conferences and seminars, and his research has been published in renowned journals across Australia, the USA, the UK, Canada, New Zealand, and Europe. He has also supervised PhD candidates in tax policy from Australia, Indonesia, and Pakistan.
