2017 USCIB International Leadership Award Dinner

USCIB is delighted to honor Ajay Banga, president and chief executive officer of MasterCard. Each year this gala event attracts several hundred industry leaders, government officials and members of the diplomatic community to celebrate open markets and the recipient of USCIB’s highest honor.

Established in 1980, USCIB’s International Leadership Award is presented to a senior business executive who has made significant policy contributions to world trade and investment, and to improving the global competitive framework in which American business operates. Join us for what will be a truly memorable evening!

Finance Disrupted Economist Event

Initially seen as a threat, banking incumbents have acknowledged the profitability behind collaborating with fintech insurgents and the opportunity to create win-win partnerships.

On September 28th at Finance Disrupted top venture capitalists and established banks will bring a hollistic perspective to find out: who is succeeding, who is failing, and where is the new seed and growth capital going?

Registration is now open! For a limited time, take advantage of the Early Bird Rate and save $400.

Download the program for full event details.

USCIB’s “International Business” Summer 2017 Issue

USCIB’s “International Business” Summer 2017 issue is now live!

The Summer 2017 issue features USCIB President and CEO Peter M. Robinson‘s column on “Why International Organizations Matter to Your Business” as well as articles on developments in the B20, NAFTA and the UN high level political forum and the sustainable development agenda, plus news from our global network–Business at OECD, the International Organization of Employers and the International Chamber of Commerce.

“International Business,” USCIB’s quarterly journal, provides essential insight into major trade and investment topics, a high-level overview of USCIB policy advocacy and services, USCIB member news and updates from our global business network.

Subscribe to USCIB’s International Business Magazine

Subscriptions to “International Business” are available free upon request to representatives of USCIB member organizations. Contact us to subscribe.

Non-members may subscribe to “International Business” and other USCIB print publications at an annual rate of $50 (U.S.) for domestic delivery, or $75 for overseas delivery. Contact us to subscribe. USCIB’s annual report, studies from the United States Council Foundation and related publications are included with your paid subscription.

Our free electronic newsletter, “International Business Weekly,” provides regular updates on USCIB’s major activities and priorities. Click here to view a sample issue. Click here to subscribe.

We welcome outside submissions and inquiries regarding our publications – send them to news@uscib.org.

We welcome advertising in International Business magazine — special discounted rates for USCIB member organizations! Contact Kira Yevtukhova (kyevtukhova@uscib.org) for more information.

USCIB’s Global Impact: 2017 Update on Advocacy

Welcome to USCIB’s Global Impact – an update on USCIB’s advocacy activities around the world in support of your interests. USCIB was at the table, along with many of our members, at key international deliberations– all for the express purpose of ensuring that the voice of U.S. business is heard where policies and regulations affecting your bottom line are determined.

Download Global Impact

At a Glance

USCIB President and CEO Out Front for American Business: USCIB President & CEO, Peter Robinson’s leadership at the B20 and OECD Week.

Keeping Markets Open for U.S. Business: With uncertainty regarding trade agreements due to political developments at home and abroad, one thing remains certain: international markets need to be open for U.S. companies. USCIB was on the ground meeting with officials from the OECD and WTO pressing for strong investment agreements and the removal of trade barriers, all in support of U.S. jobs.

Advocating for a Continued Open and Dynamic Internet: Cross-border trade in digital goods and services has grown 45-fold over the past decade. USCIB was at ICANN and the OECD advocating for policies that do not hamper innovation and that allow the Internet and broader digital economy to realize the tremendous potential to create economic opportunity and address social challenges.

Safeguarding the Role of Business in Environment and Climate Change Policy: An increasing number of multilateral organizations are considering proposals to keep business out of policy deliberations where decisions are being made that impact U.S. business bottom lines. This is particularly prevalent in the UN environmental space. USCIB was on the front lines at UNEP and the UNFCCC pushing back against these efforts as private sector involvement is critical to the success in solving the very problems that these UN agencies seek to address.

Making International Taxation Rules Predictable for Business: New global tax rules have been developed under the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan. Now, the focus is on BEPS implementation and opportunities to improve tax certainty remain. USCIB met with OECD and other government officials urging them to consider the need for a predictable fiscal environment that will protect and encourage cross-border trade and investment in the context of implementing these BEPS recommendations.

Working to Reduce Trade Barriers: Unnecessary and burdensome barriers to trade can cost companies and national economies billions of dollars. The WTO Trade Facilitation Agreement (TFA), which entered into force earlier this year, promises to boost global trade flows by over $1 trillion and generate opportunities for easier, less costly cross-border trade. USCIB crossed the globe pushing for global modernization of customs laws, regulations, processes and day-to-day practices are necessary for efficient supply chains.

Leadership at the ILO and more…
Review USCIB’s engagement at the ILO’s International Labor Conference and the ICC Marketing & Advertising Commission.

Upcoming USCIB Representation around the World to be Covered in the Next Global Impact
APEC SOM 3 Meetings – Ho Chi Minh City, Vietnam; August, 2017

WCO Harmonized System Committee (HSC) Meeting – Brussels, Belgium; November, 2017

APEC CEO Summit – Da Nang, Vietnam; November, 2017

ICC Customs & Trade Facilitation Commission Meeting – Paris, France; November, 2017

UNFCCC COP23 – Bonn, German; November, 2017

WTO Ministerial – Buenos Aires, Argentina; December, 2017

UNEA3 – Nairobi, Kenya; December, 2017

Tax Conference in Germany Focuses on Growth

While the conceptual phase of the Base Erosion and Profit Shifting (BEPS) Process has been accomplished, it is now crucial to monitor its implementation and to alleviate some of the overly burdensome effects of the BEPS Project. In light of this, the International Chamber of Commerce, Business at OECD (BIAC) and BusinessEurope organized a discussion on June 30 in Munich, Germany on tax policy issues, with the aim to facilitate cross border trade by reducing double taxation, simplifying tax rules, strengthening tax payers´ rights, fostering a growth oriented tax policy and increasing tax certainty.

Business federations jointly brought together private sector leaders, OECD representatives, governments, international organizations, and leading academics to discuss Growth and Taxes. Business at OECD Secretary General Bernhard Welschke underlined how enhancing cooperation can help to achieve greater efficiency, certainty and effectiveness of rules, and support tax policies that foster economic growth.

USCIB Tax Committee Chair Bill Sample (Microsoft) served as a panel participant discussing the importance of tax certainty, especially by tax administrations, to encourage investment in a country. “Many non-tax factors impact business investment decisions so countries need to consider tax incentives as a lever to balance out the pluses and minuses of the non-tax factors,” said Sample during his panel. “Tax certainty may be equally or even more important than tax rates for many jurisdictions; and administrative tax certainty may be most important in many jurisdictions.”

The conference also discussed dispute prevention and approaches to support cooperative compliance, as OECD reports major progress towards a fairer and more effective international tax system, including a recently launched report to G20 leaders ahead of last week’s G20 Hamburg Summit.

Annual OECD Tax Conference Showcases Tax Reform

Mark Prater, chief tax counsel for the Senate Finance Committee, spoke at the conference.

Against the backdrop of new global tax rules developed under the BEPS Action Plan and efforts to advance tax reform in the United States, USCIB members and others from the business community gathered in Washington, D.C. on Monday and Tuesday for the 12th annual OECD International Tax Conference.

Organized by USCIB in concert with the 35-nation Organization for Economic Cooperation and Development as well as Business at OECD (BIAC), the conference has grown into an annual must-attend event for tax practitioners, experts and regulators from around the world.

With an eye toward the direction of possible U.S. tax reform, including reduction of the top corporate tax rate from the current 35 percent, Pascal Saint-Amans, director of the OECD’s Center for Tax Policy and Administration, told conference-goers that he expects most OECD economies to adopt corporate tax rates in the 20-30 percent range. Saint-Amans said there may be some exceptions, including in the UK, where top rates may drop below 20 percent.

Other speakers picked up the theme. “The current U.S. system is broken,” said Mark Prater, chief tax counsel and deputy staff director of the Senate Finance Committee, during keynote luncheon remarks. “Tax reform is a difficult political transaction,” he observed, but “the U.S. sits at a crossroads of reform, which is an opportunity that has not been available in a generation.”

Over the course of the two-day conference, which took place at the Four Seasons Hotel, participants discussed tax policy trends, current tax reform, tax uncertainty, digitalization, increases in intangible assets, and dealing with tax-related disputes through arbitration. They also focused on transfer pricing as well as the OECD’s new multilateral instrument, signed today in Paris.

“The conference provides a real opportunity for dialogue between business, governments, and the OECD,” said USCIB Vice President and International Tax Counsel Carol Doran Klein. “This year, because the focus is now on BEPS implementation, there was good discussion of opportunities to improve tax certainty, including a pilot International Compliance Assurance Program, Advanced Pricing Agreements and an improved Mutual Agreement Procedure.”

On the multilateral instrument, Will Morris, chair of the BIAC Committee on Taxation and Fiscal Affairs, told Bloomberg BNA: “Many of us in the business community doubted the OECD would get the consensus necessary for a document of this scope and substance. But they have, and [the multilateral instrument] opens the door to changes in the tax treaty process, and to a number of key international tax rules, that are significant.”

USCIB/OECD/BIAC International Tax Conference

USCIB, OECD, and BIAC, in cooperation with IFA-USA, ITPF, NFTC, OFII, TCPI, TEI and Tax Foundation, will host its annual conference on the OECD’s new international taxation initiatives on June 5-6, 2017 in Washington, D.C. This conference will provide 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/G-20 BEPS project.

 

Business at OECD Gears Up for OECD Ministerial Council Meeting

Business at OECD (BIAC) will be hosting executive leadership, including USCIB’s President and CEO Peter M. Robinson, and Citi’s Rick Johnston, USCIB board member and BIAC vice chair at their General Assembly in Paris this week. Business at OECD will also participate in the OECD Ministerial Council Meeting, which will bring together economy, finance and trade ministers from OECD countries to discuss strategic orientations for the coming years under the theme “Making Globalization Work.”

Business at OECD will provide guidance to OECD and governments on addressing the challenges of strengthening growth and boosting economic participation, drawing upon its 2017 statement to Ministers, which includes recommendations on:

  • Support a better business environment and map competitiveness
  • Create the conditions to benefit from trade and investment on a level playing field
  • For growth and investment, ensure good governance and predictable tax policies
  • Increase participation by promoting the skills and competencies to thrive in the digital era
  • Focus on entrepreneurship

USCIB Weighs in With Treasury Secretary on Multinational Tax Rules

USCIB and other industry groups are urging the Trump administration to push back against efforts in the G20 and other multilateral forums to circumscribe the U.S.’s ability  to tax overseas income of U.S.-based multinationals. USCIB, along with the Information Technology Industry Council (ITI), National Foreign Trade Council (NFTC) and U.S. Chamber of Commerce sent a joint letter to Secretary of the Treasury Steven Mnuchin requesting that the Trump administration take immediate action to ensure that tax principles that would adversely affect U.S.-based multinational companies and the rights of the United States to tax the income earned by such companies are not encouraged or endorsed by international bodies focusing on taxation rules, particularly those applicable to businesses operating in the digital economy.

The letter, in part, responds to the G7 Finance Ministers Communique on taxes which was released on May 13.  The multi-association letter urges the Treasury not to make any new commitments on taxes.  The letter also urges caution on expanding G20 commitments.  It also urges the Treasury to nominate a delegate to the UN Committee of Tax Experts stating that it is important to have a U.S. voice on this committee.  USCIB has learned that Treasury now intends to nominate a delegate to the UN Committee of Tax Experts.

The letter stated, “considerable pressure has been applied by other countries to modify the existing international framework of taxation laws in a way that would enhance the taxation rights of other countries at the expense of the United States and its interests. We are concerned that recently proposed “special measures” targeted at the digital economy, could reduce tax payments to the United States by U.S.-headquartered international companies and disadvantage U.S. companies attempting to compete overseas by increasing their tax obligations to the jurisdictions that adopt such measures.”

2017 OECD Tax Conference

 

The 2017 OECD International Tax Conference

Final Agenda

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

Keynote Speech by Mark Prater – Chief Tax Counsel and Deputy Staff Director for the Republican staff of the U.S. Senate’s Committee on Finance

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 international 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)

Final Agenda

Participant Information

Hotel Room Block

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
  • Doug O’Donnell – Commissioner, Large Business and International (LB&I) Division, IRS
  • 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

2016 Conference Recap: USCIB Tax Conference Tackles BEPS Implementation

More on USCIB’s Taxation Committee

2017 Conference Sponsored By:

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PWC

 

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exxonmobil

 

 

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Exhibitors:

 

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Presented by:

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OECD

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In association with:

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ITPF
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Organization for International Investment
TCPI
Tax Executives Institute, Inc.