Business Finalizes Recommendations to G20 Sherpas

USCIB President Peter Robinson and IOE President Daniel Funes de Rioja (2ns and 3rd from right, respectively) at the B20 session in Paris
USCIB President Peter Robinson and IOE President Daniel Funes (2nd and 3rd from right, respectively) at the B20 session in Paris

USCIB President and CEO Peter M. Robinson took part in today’s Special B20 Germany-OECD-BIAC meeting at the OECD in Paris, designed to provide coordinated private-sector input to the G20 leaders, in advance of a key G20 sherpas meeting this week in Germany. The main G20 leaders summit is scheduled for July 7-8 in Hamburg, Germany.

“Today’s meetings were important because we finalized key recommendations to the G20 sherpas on trade and investment policy, job-creation and the digitalization of the economy, among other topics,” said Robinson, who serves as co-chair of the B20 Employment and Education Task Force. “We hope the G20 governments will take these recommendations to heart.”

B20 President Jürgen Heraeus stated: “If we want to ensure future-oriented, sustainable economic growth, business has an important role to play. We are ready to do so. This cooperation offers the outstanding opportunity to shape global economic governance. Our global economy is changing rapidly. We are facing a multitude of risks: climate change, political conflicts, terrorism to name just a few. The G20 can serve as an agenda-setter.”

The B20 meeting was co-hosted by Business at OECD (BIAC), and OECD Secretary General Angel Gurria addressed the gathering. “Business at OECD provides continuity and expertise across G20 and B20 presidencies,” said Business at OECD Chairman Phil O’Reilly. “We support the OECD in its vital mission to improve domestic and global economic governance. At a time when trade and investment across borders are subject of much ill-informed debate, OECD evidence on the substantial benefits of open and competitive markets is more important than ever.”

Daniel Funes de Rioja, chairman of the International Organization of Employers, also took part in today’s meetings. Meanwhile, USCIB Senior Vice President Rob Mulligan participated in meetings in London around the conclusion of the G20 finance ministers meeting, which was notable in part for the ministers’ decision not to re-emphasize their shard commitment to resisting trade protectionism.

Following the conclusion finance ministers meeting, International Chamber of Commerce (ICC) Secretary General John Danilovich issued a statement calling on the G20 governments to commit to shared values of openness and cooperation.

“We continue to face the challenge of global growth being too low and benefiting too few,” said Danilovich. “This is the defining economic test of our times, and we urge all G20 economies to take concerted and urgent action to enable inclusive growth. A retreat into protectionism would be the wrong response to this challenge.”

Danilovich continued: “Trade and globalization are complex processes, but at their heart are some simple truths. Trade means more choice for consumers. It means lower prices, so the money in your pocket goes further. Companies that trade are more competitive, and create more and better-paid jobs. That’s why trade matters if we’re to deliver the increases in prosperity, and reductions in inequality, that G20 finance ministers rightly committed to realize this weekend.”

“The global business community is naturally concerned by any weakening of the G20’s decade-long stance on resisting protectionism. We remain encouraged that discussions on this issue will continue in the coming months at official level. ICC will do all it can to urge G20 leaders to take the strongest possible stance on maintaining open markets at their annual summit in Hamburg in July. Protectionism is no path to progress.”

2017 OECD Tax Conference

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Registration Now Open!

The 2017 OECD International Tax Conference

Draft Agenda

 Four Seasons Hotel, Washington D.C
June 5-6, 2017

The OECD, USCIB and BIAC, in cooperation with IFA-USA, ITPF, NFTC, OFII, TCPI, TEI and Tax Foundation, will host a conference on the OECD’s new international taxation initiatives on June 5-6, 2017 in Washington, D.C. This annual conference provides a unique opportunity for the U.S. business community to interact with key representatives from the OECD Centre for Tax Policy and Administration and senior tax officials from the U.S. and other key countries involved in the OECD’s interntional tax work.

For more information, please contact Erin Breitenbucher (202-682-7465 or ebreitenbucher@uscib.org).

For information on how you can become a sponsor of the 2017 conference, please contact Abby Shapiro (617-515-8492 (mobile) / 212-703-5064 or ashapiro@uscib.org)

Key Topics:

  • Tax Reform Trends
  • Improving Tax Certainty
  • Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI)
  • Transfer Pricing
  • Dispute Resolution
  • Inclusive Framework on BEPS & Developing Countries

Featured Speakers:

  • Pascal Saint-Amans – Director of the Center for Tax Policy & Administration, OECD
  • Martin Kreienbaum – Director General, International Taxation, Federal Ministry of Finance, Germany
  • Mike Williams – Director, Business and International Tax, HM Treasury
  • Grace Perez-Navarro – Deputy Director of the CTPA, OECD
  • Achim Pross – Head of International Cooperation and Tax Administration, OECD
  • Jefferson Vanderwolk – Head of the Tax Treaty, Transfer Pricing & Financial Transactions Division, OECD
  • James Karanja – Head of joint OECD/UNDP Tax Inspectors Without Borders (TIWB) Initiative
  • Will Morris – Chairman, BIAC Committee on Taxation and Fiscal Affairs
  • Other Senior Treasury and Foreign Tax Policy Officials

Registration Information

Draft Agenda

Hotel Room Block

2016 Conference Recap: USCIB Tax Conference Tackles BEPS Implementation

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2017 Conference Sponsored By:

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Registration: 2017 OECD Tax Conference

Registration Information

Space is limited.  By registering as soon as possible you can secure your place and take advantage of the early bird registration rate of $950 for USCIB members and $1025 for non-members. After April 14th, the registration fee will increase to $1075 for members and $1150 for non-members.

Registration:

Click here to register online.

If you received an email invitation from USCIB to one of our events, including the 2017 OECD Tax Conference, you already have an Events Portal Account. To activate your account, go to register online and click the “Forgot Password” link to receive your password via email. Then login and register. If your e-mail address is not recognized, you will have to create an account with USCIB, by filling out the Online Events Registration Login Request form.

Please contact Erin Breitenbucher at 202-682-7465 or ebreitenbucher@uscib.org if you experience problems registering online. 

Registration Form:

If you prefer register by fax, email or standard mail, please click here to fill out the registration form. Confirmation emails are sent to registrants shortly after the registration has been processed.  If you think you have registered but have not received a confirmation email, please contact Ms. Erin Breitenbucher at 202-682-7465 or ebreitenbucher@uscib.org to confirm.

Conference Website

2017 OECD International Tax Conference – Hotel Room Block

A limited number of rooms have been blocked at the reduced rate of $405/night at the conference venue, The Four Seasons Hotel, Washington, D.C. Unbooked rooms (if any) will be released for general sale on May 14, 2017, and the group rate will not be available after this date.

Please call the hotel directly and mention the United States Council for International Business (USCIB) room block: 1-202-944-9157. To book online, please visit www.fourseasons.com/washington and use the promo code CI0617OEC.

Rooms reserved without a processed registration will be released for confirmed participants.

Below are a few other nearby options:

1)       The Graham Georgetown – thegrahamgeorgetown.com

2)       The Fairmont Washington, DC, Georgetown – www.fairmont.com/Washington

3)       Park Hyatt – parkwashington.hyatt.com

4)       The Westin, Georgetown, Washington, DC – www.westingeorgetown.com

5)       Melrose Hotel – www.melrosehoteldc.com

6)       The Georgetown Inn – www.georgetowninn.com

 

Conference Website

Donnelly Leads Business Push at OECD for FDI

ShaunDonnelly_BIAC_OECD_InvestmentForumUSCIB’s Vice President for Investment and Financial Services Shaun Donnelly was leading the business voices at multiple events around the Organization for Economic Cooperation and Development’s (OECD) Investment Week in Paris last week. Donnelly was the lead business speaker at the panel on “Is Investment Liberalization Shifting into Reverse?” at the OECD Global Forum on International Investment and the lead business respondent to presentations by academic experts on “Societal Benefits and Costs of Investment Treaties” at the OECD’s Third Annual Conference on Investment Treaties.

In both formal presentations, as well as in formal and informal interactions with government delegations from both ‎OECD member countries and leading developing and emerging governments, Donnelly emphasized the importance of investment agreements, including strong enforcement provisions, to facilitate much needed Foreign Direct Investment (FDI) flows.

Per established OECD practice, Donnelly played a lead role in BIAC’s formal consultation, along with the parallel labor and civil society stakeholder groups, with the OECD’s Investment Committee on Wednesday, March 8.  With investment agreements under attacks from some quarters, it is important for business to speak up these sorts or international fora, whether at OECD or elsewhere, on the importance of FDI for both the host economy and the home country and especially on the important role high standard investment agreements and strong enforcement provisions play in today’s global economy.

Senior investment policy experts from the State Department, U.S. Trade Representative and Treasury Department also participated in the meetings last week.

Washington Conference Looks at OECD’s Role in Fostering Digital Transformation

OECD Deputy Secretary General Doug Franz
OECD Deputy Secretary General Doug Franz

Cross-border trade in digital goods and services has grown 45-fold over the past decade. How can policy makers and the business community work together to ensure that new technologies and digital applications can lead to a more prosperous, productive, inclusive and socially beneficial world? And what lessons can be learned from current discussions and related work within the 35-nation Organization for Economic Cooperation and Development (OECD)?

This was the focus of a conference today in Washington, D.C., “Facilitating Digital Transformation: The OECD’s Role,” organized by the USCIB Foundation, the educational arm of the United States Council for International Business (USCIB), in partnership with the OECD and Business at OECD (BIAC).

In opening keynote remarks, David Redl, chief counsel for communications and technology at the Energy and Commerce Committee, U.S. House of Representatives, compared extending broadband access to the construction of the interstate highway system. “Despite everyone’s best efforts, there are still parts of the United States that lack the infrastructure to meet universal availability and adoption,” he stated. Redl said government spending alone won’t get the job done. “We must also foster investment in U.S. networks, streamline regulation, and improve online trust and security to bring the benefits of the Internet to every American.”

OECD Deputy Secretary General Douglas Frantz identified several factors as key to ongoing digital transformation: improved communications infrastructure and services, new and innovative business models, improved consumer trust and privacy protection, effective policy making, and a robust approach to the challenges and opportunities posed by improvements in artificial intelligence (AI). On the latter point, he proposed that the OECD work toward some sort of policy instrument to address AI.

Andrew Wycoff, director of the OECD’s Directorate for Science, Technology and Innovation, outlined the OECD’s work to assess the G20 economies’ uneven progress to date toward enabling the digital transformation. He said the OECD’s upcoming policy recommendations would focus on the importance of boosting investment in digital infrastructure, ensuring competition in the ICT sector and the broader economy, and establishing sufficient trust in the digital economy while also making it truly inclusive.

Jacqueline Ruff, Verizon, gives remarks during panel
Jacqueline Ruff, Verizon, gives remarks during panel

During an industry roundtable on emerging technologies, Jacqueline Ruff, vice president for international public policy and regulatory affairs with Verizon, said public policy will be important to remove barriers to the deployment of fifth-generation wireless technology, while creating a pro-investment environment. “They key to 5G will be smart communities,” she stated.

Other conference panels examined questions of equity and potential negative effects of digital technologies, as well as ways to enhance trust in an increasingly connected world. Organizers said the event would help steer discussion toward practical measures to maximize the benefits of new technologies. Panelists also focused on jobs, as well as education and skills-development challenges and opportunities, posed by digital transformation and the efforts by companies, such as IBM, to create “new collar jobs” enabling a segment of workers in more mature industries to become productive participants in the digital economy.

“Getting policy right for digital innovation is a critical factor for economic competitiveness, for trust and confidence in the digital environment, and ultimately for societal well-being”, said Bernhard Welschke, Secretary General of Business at OECD. “We need to communicate the benefits of digital transformation and Business at OECD will continue to work closely with the OECD on this challenge.”

USCIB President and CEO Peter Robinson stated: “We hope that today’s discussions will enable those who may not participate directly in OECD meetings to learn more about the OECD’s work and its value to the process and substance of crafting sensible, effective policy and regulation. Whether it is in providing frameworks, or in the development of consensus-based guiding principles, the OECD has a lot to offer and think about.”

USCIB, OECD and BIAC Leadership Discuss Trade, Digital Revolution

Rob Mulligan, Senior Vice President, Policy and Government Affairs addresses OECD and USCIB members, alongside USCIB President and CEO Peter Robinson (center) and Rick Johnston, Citi (left)
Rob Mulligan, Senior Vice President, Policy and Government Affairs addresses OECD and USCIB members, alongside USCIB President and CEO Peter Robinson (center) and Rick Johnston, Citi (left)

USCIB hosted leadership from the Organization for Economic Cooperation and Development (OECD) and Business at OECD (BIAC) on March 9 in Washington DC, following a successful joint OECD-BIAC-USCIB Fostering Digital Transformation Conference the day prior. Nearly forty of USCIB’s leadership and members attended the meeting, including USCIB Vice Chair Rick Johnston (Citi) and Vice-Chair of USCIB’s China Committee Tad Ferris.

OECD and Business at OECD officials included OECD’s Deputy Secretary General Doug Frantz, Secretary General of Business at OECD (BIAC) Bernhard Welschke, Senior Policy Director at BIAC Nicole Primmer and Acting Head of the OECD Washington Center Susan Fridy.

This was a timely opportunity for USCIB, OECD and BIAC to have a roundtable discussion on a wide range of issues that are being addressed in the OECD such as tax, cross-border data flows, health, investment, digital trade, the Sustainable Development Goals and the G20. These issues were framed in a larger discussion of the role of business in the current political and economic climate in the U.S., about which Frantz said, “we need help from business to convey that free trade, open borders and anti-corruption guidelines require multilateral engagement. The U.S. and the U.S. business community benefit enormously from the work done at the OECD.”

Doug Franz, Deputy Secretary General OECD addresses USCIB members
Doug Frantz, Deputy Secretary General OECD addresses USCIB members

Frantz also emphasized the role of digital innovation in providing future growth, prosperity and equal distribution of wealth to curtail the negative effects of the digital revolution, noting “taking digital innovation and its breakthroughs and making sure that the breakthroughs are more evenly distributed through training, skills-building and education that is based on deductive reasoning, will cushion the fall for people who are at risk of losing their jobs to the digital revolution.”

OECD Holds Workshop to Measure Business Impact on Well-Being

The Organization for Economic Cooperation and Development (OECD) organized a workshop on measuring business impacts on people’s well-being in Paris on February 23-24. The workshop is part of the OECD’s Better Life Initiative for which the OECD developed a series of indicators enabling governments to design policies for improving well-being in areas including income, health, education, security and environment. An increasing number of actors are looking at how companies impact well-being, but lack specific guidance on how to accurately measure these impacts. Statistical evidence on business’ contribution to well-being is scattered and firms’ performances on environmental, social and governance as well as responsible business conduct issues remain hard to benchmark.

Building on in-house knowledge and experience in measuring well-being and responsible business conduct, the OECD, in collaboration with Fordham University, the Society and Organization Center of HEC Paris and the Humanistic Management Network, organized a workshop to discuss foundations measuring business impacts’ on well-being and explored interest in creating a consistent system of indicators based on existing corporate responsibility metrics, corporate practices and OECD’s experience in measuring well-being.

The workshop emphasized the importance of using coordinated information systems for different actors, such as businesses, NGOs and governments, to encourage them to adopt a common channel for promoting well‑being in the broad sense. It will bring together researchers, experts, business executives and a wide range of actors on the ground.

Additional information on the event is available on the OECD’s website. Official notes from the sessions are available here.

OECD’s Global Anti-Corruption and Integrity Forum

Compass direction pointing towards IntegrityThe Organization for Economic Cooperation and Development (OECD) is organizing a Global Anti-Corruption and Integrity Forum on March 30-31 in Paris, which will focus on integrity and anti-corruption. The Forum aims to bring together a diverse array of stakeholders from policy communities, the private sector, civil society and academia to discuss topics such as reducing the inequality gap, stimulating fair competition and economic growth as well as shaping a level playing field for business.

The Forum will also feature presentations from academia connecting academic insights and evidence with policy-making and will highlight innovative research on integrity, anti-corruption and trade, gender and corruption and inclusive growth. The agenda for the meeting is available here. Registration is now open.

Fostering Digital Transformation: The OECD’s Role

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David Redl, Chief Counsel for the U.S. House of Representative’s Committee on Energy and Commerce, to give Keynote Address!

Agenda

Fostering Digital Transformation:
The OECD’s Role

March 8, 2017

Microsoft Innovation & Policy Center

901 K Street, NW, 11th Floor
Washington, DC 20001

Program: 8:30am – 5:30pm

Cocktail Reception: 5:30pm – 7:00pm

The USCIB Foundation, USCIB’s educational arm, is teaming up once again with the Organization for Economic Cooperation and Development (OECD) and BIAC, the Business and Industry Advisory Committee to the OECD, to host our third conference on March 8, 2017 at the Microsoft Innovation & Policy Center in Washington, D.C.

The digital transformation of our economies has revealed exciting potential for a more prosperous, productive, inclusive, and socially beneficial world. The explosion of new technologies and data-driven applications already have led to important breakthroughs across all sectors and hold promise of further advancements in ways we may not yet be able to conceive.

This year’s conference will focus on moving forward the OECD’s post-Ministerial digital economy agenda as well as its horizontal project on digitalization. We will explore how these broad-ranging OECD frameworks can help to address possible new challenges posed by changing global policy dynamics. In particular, panelists will discuss the OECD’s evidentiary base and metrics on the broader, cross-sectoral economic impact of digital transformation and relevance for the G20/B20 agendas on the digital economy. Also important, the conference will examine policies enabling digital transformation as well as consider how stakeholders that are included in the relevant OECD committees can constructively contribute to the development of OECD guidance that supports such a facilitating environment.

TOPICS INCLUDE:

  • The Digital Economy and Information Society of the Future
  • Realizing the Global Commercial Benefits and Corporate Societal Responsibilities of Digitalization
  • Enhancing Trust in the Digitally Connected Ecosystem

FEATURED SPEAKERS:

David Redl (Keynote)

Chief Counsel for Communications and Technology, Committee on Energy and Commerce, U.S. House of Representatives

Douglas Frantz

Deputy Secretary General of the OECD

Andrew Wyckoff

Director of the OECD Directorate for Science, Technology and Industry (STI)

Anne Carblanc

Head of the OECD Digital Economy Policy Division (CDEP)

Eric Loeb

Senior Vice President of International External and Regulatory Affairs, AT&T, and Chair, USCIB ICT Policy Committee

Joseph Alhadeff

Vice President Global Public Policy, Chief Privacy Strategist, Oracle Corporation, and Chair, BIAC CDEP Committee and Chair, Digital Economic Commission, International Chamber of Commerce (ICC)

 

For more information, including how you can become a sponsor, please contact Erin Breitenbucher (202-682-7465 or ebreitenbucher@uscib.org).

Registration Information

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