MR. GUILLERMO M. LUZ 3rd Floor, Tara Building, Makati City, Philippines,1200

MR. GUILLERMO M. LUZ
Topic: Understanding the ASEAN Economic Community
Private Sector Co-Chairman
National Competitiveness Council
3rd Floor, Tara Building,
389 Sen. Gil Puyat Avenue,
Makati City, Philippines,1200
Website: http://www.competitive.org.ph
Email address: gm.luz@competitive.org.ph
You may direct emails to Ms. Maureen C. Bañaga at m.banaga@competitive.org.ph
Guillermo Manuel Luz is the private sector co-chairman of the National Competitiveness
Council, a public-private body that develops strategy for the long-term competitiveness
of the Philippines through policy reforms, project implementation, institution building and
performance monitoring. He is associate director of Ayala Corporation, the holding
company of one of the oldest and largest business groups in the Philippines, with
business activities in real-estate development, banking and financial services,
telecommunications, water infrastructure development and management, automotive
dealership and distribution, business process outsourcing, electronics manufacturing
solutions, and new investments in power, renewable energy and infrastructure.
From December 2006 to May 2011, he was executive vice-president and chief
operating officer of Ayala Foundation, which manages projects in education,
environment, entrepreneurship, arts and culture, and community development. He also
served as director of Ayala Museum in 2010 and 2011. He was executive director of the
Makati Business Club, a leading business organisation and think-tank, from 1987 to
2006 and served on its staff since 1983 and Secretary-General of NAMFREL from 1992
to 2006.
MR. BART KOSTERS
Topic: Experiences in Tax Treaty Negotiations
Senior Principal Research Associate
Tax Services Department
International Bureau of Fiscal Documentation (IBFD)
Rietlandpark 301, 1019 DW Amsterdam,The Netherlands
Website: http://www.ibfd.org/
Email address: B.Kosters@ibfd.org
You may direct emails to Ms. Myra Flaminiano at M.Flaminiano@ibfd.org
Mr. Lambert Kosters is a Senior Principal in IBFD. He has extensive expertise on tax policy
with respect to the direct tax legislation, legal (tax) drafting, and tax treaties. After obtaining his
master’s degree in Law from the State University of Leiden in 1988, Mr Kosters started working
in the Dutch tax administration where he successfully completed the postgraduate programme
for tax inspectors. From 1992 to 2001, he was a senior staff member at the Dutch Ministry of
Finance where he was responsible for tax treaty negotiations and application as well as for
drafting direct tax legislation. Mr. Kosters is also a frequent instructor for the IBFD International
Tax Training and IBFD government training assignments where he develops and provides
courses in Principle of International Taxation, International Taxation of Permanent
Establishments, Tax Treaties Negotiations Workshop and Avoidance of Double Taxation. He
also participates in various IBFD Government consulting assignments and was the Key Expert
Taxation in the European Technical Assistance Programme for Vietnam (ETV2). Recently, Mr.
Kosters coordinated a study commissioned by the Netherlands Ministry of Foreign Affairs to
analyze the effects of a number of tax treaties concluded by the Netherlands with developing
countries. The aim of the research study was to analyze to what extent tax treaties concluded
by the Netherlands with a number of developing countries give room for an unintended use of
the treaties, and lead to loss of tax revenue for developing countries as a result of improper use,
like a re-routing of investments from third countries via the Netherlands (treaty shopping). Mr.
Kosters also lectures international taxation at the Radbout University of Nijmegen, the
Netherlands. Furthermore, he is a permanent contributor on international tax matters for a
leading weekly tax magazine in the Netherlands and is a regular speaker at tax conferences.
MS. YARIKA RUANGSIRI
Topic: Thailand’s Experience in Tax Treaty Negotiations
Senior Tax Economist
Bureau of Tax Policy and Planning
Revenue Department of Thailand.
Ms. Ruangsiri proposes policies and legislation regarding international tax issues,
including international tax disputes, mutual agreement procedures, anti-avoidance of
double taxation agreements, and advance pricing arrangements. She also organizes
international training courses, seminars and study visits in Thailand.
She is a member of the Thai delegation for negotiations of anti-avoidance of double
taxation agreements and the Thai delegation for negotiations of advance pricing
arrangements. She graduated with a Bachelor of Science (B.Sc.) in Econometrics and
Mathematical Economics from the London School of Economics and Political Science,
United Kingdom. Ms. Ruangsiri graduated with a Masters of Science (M.Sc.) in
Econometrics and a doctorate (Ph. D.) degree in Economics from the University of
Nottingham, United Kingdom. She has graduated from the Thammasat University,
Thailand with a Bachelor of Laws (LLB).
MS. CAROLINE MALCOLM
Topics: TRACE Project; Audit without Borders; Base Erosion and Profit Shifting;
New Standard in Exchange of Information; and Global TIN
Counselor to the Director and Deputy Director
of the OECD’s Centre for Tax Policy and Administration
The Organisation for Economic Co-operation and Development (OECD)
2, rue André Pascal
75775 Paris Cedex 16, France
Website: http://www.oecd.org/
Email address: caroline.malcolm@oecd.org
Ms. Caroline Malcolm, an Australian national, graduated from the University of
Technology, Sydney with a Bachelor of Laws (LLB) and a Bachelor of Arts in
Communications (BA). In 2012, Caroline graduated with a Masters of Laws (LLM)
specialising in International Taxation from the University of Sydney, having completed
her degree with studies at the International Tax Centre at Leiden in the Netherlands,
and the University of London. She began working in the Centre for Tax Policy and
Administration in January 2010. As an advisor in the Global Forum on Transparency
and Exchange of Information for Tax Purposes, Ms. Caroline led the Peer Review
teams assessing tax transparency issues, including bank secrecy, in Bermuda, Cayman
Islands, Jersey, Switzerland and Russia.
MR. WILSON P. TAN
Topic: Accounting Standards
Partner, Head of Assurance
Sycip Gorres Velayo & Co. (SGV&Co.)
2nd Floor, Elan 3 Building, Roxas E Ave,
General Santos, South Cotabato
Website: www.sgv.ph
Email address: wilson.p.tan@ph.ey.com
You may direct emails to Ms. Catherine G. Bautista at Catherine.G.Bautista@ph.ey.com
Mr. Wilson is the head of SGV’s more than 2,200 strong Assurance Services. He is the
lead partner in International Financial Reporting Standards (IFRS) and, until July 2013,
was the head of the Firm’s Accounting Standards Group. He is an active member of
Ernst & Young Asia Pacific Accounting Standards Group and a resource partner on
financial instruments accounting and first-time IFRS adoption matters of EY Global. He
performs financial audits, financial due diligence reviews, IFRS implementation, and
structured transaction advisory, among others. He is also the Chairman of the Philippine
Interpretations Committee.
Wilson has vast experience in performing financial audits as well as IFRS conversion
advisory for large companies in various industries such as infrastructure, banking,
telecommunications, power generation and distribution, food manufacturing, oil refinery,
gold/copper mining, among others.
A summa cum laude graduate of the University of the East and a CPA board placer, he
was sponsored by the Firm as a scholar to the International Institute of Management
Development in Lausanne, Switzerland and graduated at the top 10% of his MBA class.
He also attended the Pacific Rim Bankers Program at the University of Washington,
Seattle, USA in 2008 and recently participated in the 2013 EY Strategic Leadership for
Partners Program in Boston, USA.
He is the recipient of Philippine Institute of CPA’s (PICPA) Outstanding CPA in Public
Practice Award in 2009 and PICPA’s Special Achievement in International Professional
Involvement in 2012.
MR. DAVID TANSEY
Topic: Reducing Inequality Through Taxation
Team Leader, Technical Assistance to the Bureau of Internal Revenue
Asian Development Bank
ADB Avenue, Mandaluyong City
Mr. Tansey is an international tax policy and administration consultant. David has
Bachelor and Master degrees in Taxation, and a Master of Business and Technology
degree, all from the University of New South Wales in Sydney, Australia. He is an
associate member of CPA Australia. David has worked as consultant to, or employee
of, several tax authorities in the Asia-Pacific Region.
MR. JEREMIAS N. PAUL, JR.
Topic: Exploring Sustainable Financing for Public Health
Undersecretary of the Domestic Finance Group
Department of Finance
4/F DOF Building, BSP Complex, Roxas Boulevard corner P. Ocampo Streets,
Manila
Undersecretary Paul is a seasoned government official, having held various positions in the
Department of Finance since 1990. In more than two decades now, he has practically done the
rounds of all the units in the Department, including being Assistant Secretary of the International
Finance Group and being Undersecretary of the Corporate Affairs Group. Jun Paul now heads
the Domestic Finance Group, standing at the helm of government initiatives to reform the
country’s fiscal and tax systems, including the “Sin Tax Reform” law” which restructures the
decades-old Philippine excise tax system for alcohol and tobacco products.
Undersecretary Paul is also an internationally recognized expert in corporate governance and
energy and water sector reforms, frequently invited to speak at various fora. In 2005-2006, he
served as Alternate Executive Director of the World Bank Group in Washington D.C. and
spearheaded governance reforms in G-24 when the Philippines was Chair.
He holds a Master’s degree in International Affairs (Major in Economic Policy Management)
from Columbia University in New York and a Master of Science in Industrial Economics and
Bachelor of Science in Industrial Engineering degrees from top universities in the Philippines.
MR. GIL S. BELTRAN
Topic: Taxation of Extractive Industries
Undersecretary of the Policy Development and Management Services Group
and Chief Economist
Department of Finance
4/F DOF Building, BSP Complex, Roxas Boulevard corner P. Ocampo Streets,
Manila
Undersecretary Beltran has been an Undersecretary of DOF since 2005, working on a variety
of areas including fiscal policy, human resource and operations management, economic policy
and research, and financial inclusion policies and strategies. He has been Executive Director of
the National Credit Council since 1998.
Mr. Beltran graduated with a Master of Arts degree in Development Economics in 1982 as class
valedictorian from Williams College, Williamstown, Massachusetts and a bachelor’s degree in
economics cum laude in 1978 from the University of the Philippines.
He is also a Visiting Lecturer, University of the Philippines College of Public Administration from
2006 to the present and the Development Academy of the Philippines since 2010.
He has held various posts at the World Bank as Alternate Executive Director from January 2003
to January 2005; and Advisor to Executive Director, from February to May 1995 and August to
November 1990.
CHAIRPERSON TERESITA J. HERBOSA
Topic: The Philippine Capital Market
Chairperson
Securities and Exchange Commission
SEC Building, EDSA, Greenhills,
Mandaluyong City
Chairperson Herbosa applies the experience she had gained from more than 30 years of
private law practice to execute and administer policies, decisions, orders and resolutions of the
Securities and Exchange Commission (SEC). In the Philippines, SEC is the principal
implementator of two major laws, the Corporation Code and the Securities Regulation Code
(SRC). Under the Corporation Code, SEC is the registrar and monitor of all corporations and
partnerships, while under the SRC, it is the regulator of all securities and capital markets.
Since her appointment in May 2011, Chairperson Herbosa has implemented several significant
projects at the SEC including among others – the realignment of duties and functions of the
operating departments and creating the Information Communication and Technology
Department to take care of the automation of public services as well as internal operations of
the SEC and the Corporate Governance Division to promote good corporate governance among
publicly listed companies and secondary licensees; the acquisition of a new surveillance system
to monitor PSE trades in line with the objective of the SRC to protect investors and eliminate
insider trading and other fraudulent practices; she has simplified the registration of companies
which resulted in the Philippines achieving the highest jump in the 2013 Ease of Doing Business
survey conducted by the World Bank; she has proposed amendments to the Corporation Code;
she has initiated the transfer of SEC main office to a suitable location within a commercial and
business area; and has participated in relevant ASEAN initiatives toward the integration of
capital markets in the region.
Chairperson Herbosa has led SEC in the fight against investment scams and written an article
on the matter. She also stepped up enforcement actions against market manipulation and other
fraudulent activities through investigations on the basis of tips, referrals and complaints and
administrative proceedings toward imposition of fines and penalties, and the filing of criminal
complaints. As head of SEC, she has strengthened inter-governmental cooperation by forging
MOAs with several other government agencies on ease of doing business, exchange of
information, facilitating endorsements relative to applications for incorporation, and prevention of
fraud in procuring business registration.
Apart from her job at the SEC, by law, Chairperson Herbosa is a member of the Anti-Money
Laundering Council (AMLC), heads the Business and Economic Sector of the Office for
Competition under the DOJ, and is Chairperson of the Credit Information Corporation, a GOCC,
which is the central credit bureau of the country.
Chairperson Teresita J. Herbosa graduated with the degrees of Bachelor of Arts cum laude and
Bachelor of Laws cum laude from the University of the Philippines. She obtained her Master of
Comparative Law degree from the University of Michigan Law School in Ann Arbor, Michigan.
MR. SHANAKA JAYANATH PEIRIS
Topics: Code of Conduct for Granting Tax Incentives
Tax Policy and Growth Drivers
Resident Representative
International Monetary Fund
Rm 407 5-Storey Building
BSP Complex
A. Mabini Street, Malate
Manila 1004
Tel Nos.: 632 708-7484/ 708-7793
Fax No.: 632 708-7483
Mr. Peiris was a Senior Economist in the Asia and Pacific Department, and Monetary and
Capital Markets Department of the IMF covering ASEAN and South Asia, respectively. During
the last 12 years at the IMF, he has also worked on Eastern and Southern Africa, Vietnam and
Yemen. He joined the Economist Program at the IMF in 2001 after completing his D. Phil (PhD)
and a lectureship in Economics at Oxford University. Earlier on, he interned at Deutsche Bank
A.G. and the World Bank. He has published academic journal papers on a wide range of topics
including monetary policy and inflation, bond markets, banking and finance, macroeconomic
models for emerging markets and co-authored a book on Post-Stabilization Economics in SubSaharan Africa.
MR. BILL GARDNER
Topics: Consumption Taxes vs. Income Taxes: Which is more equitable
Subsidy vs. Tax Relief in Pursuit of Inclusive Tax System
Chief of Party
Philippines Facilitating Public Investment
Mr. Gardner has been working in development for more than 30 years, specializing in effective
tax policies, tax administration systems, and financial management systems for economies in
transition.
He has previously served as Chief of Party on projects in Armenia, Egypt, and Kyrgyzstan.
Under his direction, each of these projects achieved significant successes—the development,
enactment, and implementation of the first comprehensive new tax code established through a
democratic legislative process in Kyrgyzstan; the complete structuring of the Armenian tax
administration system in concert with the development of an automated tax system; and the
implementation of an integrated Model Tax and Customs Center in Egypt that led the way to
future integration of the Sales Tax and Income Tax Departments.
Prior to his work on development projects, Bill held a number of roles in local government affairs
including as an economist on the revenue estimating staff of the Joint Committee of Taxation of
the U.S. Congress and in the Office of Revenue Estimating and Economic Analysis of the
Kentucky Revenue Cabinet.
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Ph.D. coursework, economics, University of Kentucky
B.A., economics, Johns Hopkins University
Kim S. Jacinto‐H
Henares Com
mmissioner Bure
eau of Interrnal Revenu
ue (BIR) Atty. Kim S. Jaccinto‐Henarres was app
pointed as Commissio
oner of the Bureau of Internal Reve
enue (BIR) in July 2010
0. Prior to h
her appointtment, Com
mmissioner H
Henares waas Senior Privaate Sector D
Development Specialisst at the Wo
orld Bank G
Group, where she acteed as Co‐
Convvenor, for aan in behalff of the Inteernational FFinance Corrporation (IFC), for thee Growth and Investmentt Climate Working W
Gro
oup of the Philippine Developmeent Forum, a group s
forr increasingg growth aand improvving the created to establish the national strategy invesstment clim
mate in the Philippiness. She also implementted, superviised and monitored the W
World Bankk’s National Program SSupporting Tax Administration Reeform (NPSTTAR) – a US$1
11 Million loan pacckage gran
nted to th
he BIR to implemen
nt reforms in tax administration. Com
mmissioner H
Henares waas Deputy C
Commission
ner for the SSpecial Con
ncerns Grou
up of the BIR from Augus
f
st 2003 – November N
2005, 2
and w
was a consu
ultant to th
he Commisssioner of Interrnal Revenu
ue from January to August 2003
3. As an in
nternational developm
ment and legall consultantt to notablee internatio
onal organizzations, shee served as the trade e
expert to the EU‐funded ASEAN Sin
ngle Windo
ow Project; as the intternational law experrt to the USAID‐funded project forr the deveelopment of o the Phillippines’ naational straategy of acce
ession to the Revised K
Kyoto Convention; as aa consultan
nt to the Ch
hange Manaagement Com
mponent of the AUSAID
D‐funded Philippine P
Ju
udicial Refo
orm Projectt; and as th
he Large Taxp
payers Unitt Advisor to t the Revvenue Depaartment off the Ministry of Fin
nance of Afgh
hanistan. P
Governmen
G
nt in other capacities, most notaable as a She has also seerved the Philippine Goveernor of thee Board of IInvestments; as Chair o
of the Cagaayan Econom
mic Zone Authority; as a Director off the Powerr Sector Assets and Liabilities Man
nagement C
Corporation
n and the onal Power Corporatiion; and ass a Repressentative off the Secreetary of Trade and Natio
Industry to the Investmentt Coordinatiing Committtee. Receently, she w
was appointeed as a Mem
mber of thee United Nations Comm
mittee of Exxperts on Interrnational Co
ooperation in Tax Mattters, and wiill serve in tthis capacityy until June 2017. A Ceertified Public Accountant and meember of th
he Philippine Bar, Com
mmissioner H
Henares’ acad
demic backgground is highly h
distin
nguished, and covers both b
the acccounting and a legal profeessions. She S
obtaineed her Bacchelor of SScience deggree in Co
ommerce, major m
in Acco
ounting, fro
om De La Salle S
Univeersity, and her Bachelor of Laws degree from the Aten
neo de Maanila University. Shee obtained her Masteer of Lawss degree, major m
in Interrnational and Cooperative Law, at Georgeetown University, and has taken
n further studies at Canada’s Univerrsity of New
w Brunswickk, McGill Un
niversity, an
nd the Univversity of onto. Toro
MR. NORITAKA AKAMATSU
Topic: Capital Market Taxation
Deputy Head
Office of Regional Economic Integration (OREI)
Asian Development Bank
Mr. Akamatsu is also concurrently the Chair of Financial Sector Community of Practice and
leads ADB-wide financial sector operations. At OREI, he leads works to support financial
cooperation and integration initiatives of ASEAN and ASEAN+3. He serves as Co-chair of the
Steering Committee for Capacity Building under the ASEAN Central Bank Forum. Prior to
joining ADB, he was a staff member of the World Bank for over 20 years. From 09/2005 to
03/2009, he was the Bank’s Finance & Private Sector Program Manager for Vietnam and
Capital Market Advisor for East Asia & Pacific (EAP) Region. At the headquarters in
Washington, he as Lead Financial Economist led Capital Markets Group of the Bank’s Financial
Sector Network anchor. He was a member of the Bank’s crisis management team at the time of
Asian Financial Crisis of 1997 and has participated in the Financial Sector Assessment Program
(FSAP) of the Bank–IMF for various countries including the Philippines. He worked extensively
on Central and Eastern Europe as well as Asia and has also been exposed to Latin America
and Sub-Saharan Africa. Prior to joining the World Bank, he worked for Nomura Research
Institute in Tokyo and London. He holds MBA (Finance) from the University of Chicago and MSc
in Economics from London School of Economics.