Shin & Kim LLC (representative attorney Oh Jong-han) held an international tax seminar for global corporations and examined recent case law, tax audits, and tax issues related to cross-border mergers and acquisitions (M&A).
Shin & Kim said on the 10th that it held a seminar titled "Recent international tax insights for global corporations" at its Gran Seoul office in Jongno-gu, Seoul, on the 9th. About 100 officials from domestic and overseas global corporations attended the event.
In the first session, attorney Yun Jun-seok explained recent trends in international tax case law and practical implications. Focusing on recent issues such as unregistered patent royalties, beneficial ownership, transfer pricing regimes, virtual assets, reporting obligations for overseas financial accounts, and tariff investigations, the session underscored the need to respond to changes in the tax environment.
In the second session, foreign attorney Jang Maria presented cases of tax audits of global corporations and response strategies. Shin & Kim said it explained the importance of early-stage responses and points to prevent disputes, based on issues revealed during actual audits.
In the final session, foreign attorney Oh Hyuk and senior certified public accountant Lee Jin-uk addressed cross-border M&A tax issues. The session centered on the point that, because tax issues can vary depending on the investment structure and transaction method, allocating risks at the initial structure design and contract stages is crucial.
Shin & Kim sees international tax risk management emerging as a key management task for global corporations amid a trend of countries strengthening taxing authority, and is expanding its advisory capabilities in response.