Over 500 interested tax experts and the tax press tuned in for a high-level webinar on the practical aspects of the OECD’s International Compliance Assurance Program (ICAP), which is in its sixth year. The discussion was co-sponsored by USCIB and member KPMG co-sponsored this discussion on March 27.
The webinar, titled Tax Certainty, Shining the Light on ICAP featured a panel of experts, including the OECD’s ICAP Program Lead Nicole Casey, IRS Senior Advisor, Treaty and Transfer Pricing Operations, Karen Kirwan, Procter & Gamble Senior Vice President, Treasurer and Global Tax Operations Tadd Fowler, KPMG’s National Tax Office Principal Mark Martin and Senior Manager Thomas Bettge, and USCIB Senior Vice President and International Tax Counsel Rick Minor.
“Martin and Bettge reminded us in one of their articles that ICAP does not provide absolute tax certainty for those taxpayers who volunteer for the program,” said Minor. “They noted that a taxpayer’s reward for participating in ICAP is the chance to present its transfer pricing and international tax positions in a non-confrontational environment and to present them simultaneously to multiple tax authorities that will work through them collaboratively.”
The webinar can be watched on demand here.