Hello everyone. Welcome to this next episode of the Taxbyte podcast series. My name is Peter Drey and I'm very happy that I'm here around the table with great experts in international taxation.

Let me first introduce you who I have on my table and then we're going to talk about the topic we will discuss today.

First of all, I'm very honored that we have Vikram shant with us. Vikram is a professor at University of Lausanne focusing amongst others on international taxation, DCDR and so on.

Isabelle Verlindon, Isabel is our transfer pricing expert for many years here and at the table

and Stefan the Bates, well known in this podcast series, I must say, senior council, but

basically an expert in trans pricing who has been in many different at the OECD at the tax authority. So

Stefan, welcome again in my podcast. Today, I want to talk with you about a discussion we also had

this afternoon here in our global tax and trans pricing team. We talked about international tax

developments with you, Vikram. That was an extremely

interesting discussion we had. And I want to explore a little bit for the audience what we discussed

and what were the key takeaways from that. So let me start with a question for you, Vikram.

So this afternoon, we talked about a lot of things. What were your takeaways from our discussion?

Well, actually, we did speak about a lot of things. What were your takeaways from our discussion? Well, actually, we did speak about a lot of things this afternoon

in this fantastic event that was organized by all of you.

One of the key takeaways is that tax uncertainty is going to be on the rise.

And this is not going to go down anytime soon.

So one of the key messages that came out here was what were the sources of tax uncertainty.

What we discussed here today was what was the sources of tax uncertainty,

both at the national law level, at the tax treaty level,

at the European law level, at the Trans-surprising level, at the Pillar 2 level, Pillar 1 level.

So I think we covered the entire gambit of international tax law rules, both under the existing system and under the new system.

And the key takeaway was that after analyzing all

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