New York, N.Y., November 7, 2006 – Transfer pricing is the number-one tax compliance issue for multinational companies. Next month in New York, a one-day conference co-hosted by the educational arm of the United States Council for International Business (USCIB), will seek to help executives, lawyers and tax advisers navigate some of the most important recent changes to transfer pricing regulations and company structures around the world.
The conference, “Business Restructurings and Transfer Pricing Developments in China, Europe and India,” will take place on Monday, December 4 at the Museum of Biblical Art in New York City. It is being co-sponsored by the United States Council Foundation and BNA Tax Management Transfer Pricing Report.
“Transfer pricing is an issue of tremendous importance to companies doing business in locations around the world,” according to Lynda K. Walker, USCIB’s vice president and international tax counsel. “This conference aims to meet the needs of those involved in one of the most intricate areas of company tax planning, and to provide a window into the fast-changing landscape of transfer pricing in key markets.”
Transfer pricing, which refers to the price that tax authorities assume to have been charged by a company’s subsidiary in one country for products or services it provides to a related subsidiary, can directly impact the bottom lines of global companies. The December 4 program will feature panels of senior government officials from China, India, the Organization for Economic Cooperation and Development, and the United States, including Steven A. Musher, associate chief international counsel with the Internal Revenue Service. Also featured will be senior company tax executives and eminent practitioners from law firms and professional service firms.
The region-specific panels will review the latest transfer pricing initiatives, the reasons for the initiatives, and practical strategies for dealing with these developments. Senior government officials from China and India will discuss current changes in substantive rules, contemporaneous documentation, penalties and audit positions. The European panel will highlight the most significant transfer pricing changes in the EU and educate participants about how to deal with these changes. The full conference agenda is available at www.uscibtax.org.
Space at the conference is limited, so advance registration is essential. As an added benefit, special rates have been arranged for participants wishing to attend USCIB’s Annual Award Dinner that evening. More information on that event is available at www.uscibgala.com.
USCIB promotes an open system of global commerce in which business can flourish and contribute to economic growth, human welfare and protection of the environment. Its membership includes some 300 U.S. companies, professional service firms and associations whose combined annual revenues exceed $3 trillion. As American affiliate of the leading international business and employers organizations, USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade.
Jonathan Huneke, USCIB
(212) 703-5043 or firstname.lastname@example.org