New OECD Reports Outlines Business Investment Contribution to SDGs

The Organization for Economic Cooperation and Development (OECD) has recently published a report on “The Contribution of International Business Investment to the Sustainable Development Goals (SDGs).” The report surveys the main type of financing behind business investment in developing countries, recent trends, an evaluation of the contribution of these flows to the SDGs, and prospects going forward.

The report highlights that multinational enterprises (MNEs) have become one of the most important actors for channeling investment to the developing countries. A relatively new actor providing financing for development is the State-Owned Enterprise (SOE). Furthermore, mergers and acquisitions (M&A) is one of the primary vehicles that MNEs use to invest in foreign markets and a major component of foreign direct investment. M&A inflows in developing countries starting declining already in 2012.

An increasingly important source of international investment into developing countries is China; in 2017 China doubled its M&A in developing countries to $25 billion, making it their top resource of international M&A (ahead of Japan and the US). Meanwhile, private flows align naturally with the SDGs in the area of infrastructure: SDG 6, which focuses on clean water and sanitation), SDG 7 on affordable and clean energy, SDG 9 on industry, innovation and infrastructure, and SDG 10 which aims to reduce inequalities.

“The report calls to action for improving the global rules for trade and investment, pursuing domestic policy reform agenda to improve business climates, and addressing new areas of regulatory co-operation,” observed USCIB Senior Director for Investment, Trade and Financial Services Eva Hampl.

The OECD will be organizing a round table on investment and sustainable development on October 23, 2019, as part of the next OECD Investment Week.

Latest US Business Tax Dialogue With OECD to Focus on Digital Economy

Washington, D.C., April 23, 2019 – With national governments jostling over the appropriate means to tax the activities of fast-growing global tech companies, the G20 has called on the Paris-based Organization for Economic Cooperation and Development (OECD) to deliver a solution by 2020 to the tax challenges posed by the digital economy.

Against this backdrop, American and other global companies will meet with key officials from the OECD and national governments at a high-level conference, June 3-4 in Washington, D.C.

The 2019 OECD International Tax Conference, which will take place at the Four Seasons Hotel, will provide a unique opportunity for business experts to interact directly with key leadership from the OECD’s Center for Tax Policy and Administration (CTFA), along with senior tax officials from the United States and other OECD countries.

The conference is the 14th annual gathering on global tax policy developments convened by the United States Council for International Business (USCIB), in cooperation with the 36-nation OECD and its official private-sector advisory body Business at OECD (also known as BIAC). Details on the event are available at www.uscibtax.org.

“With the taxation of the digitalizing economy on a fast-track at the OECD, this year’s conference comes at just the right time,” said USCIB President and CEO Peter M. Robinson. “All companies are potentially affected by the changes that are being considered. We will also be looking closely at tax and development policy, the latest developments in tax treaties, transfer pricing and the tax implications of Brexit. It’s really a must-attend event for global tax professionals.”

Key speakers at this year’s conference include:
Pascal Saint-Amans – Director of the Center for Tax Policy & Administration, OECD
Grace Perez-Navarro – Deputy Director of the CTPA, OECD
Martin Kreisenbaum – Director General, International Taxation, German Ministry of Finance
Lafayette (Chip) Harter – Deputy Assistant Secretary for International Tax Affairs, U.S. Treasury
Dr. Ngozi Okonjo-Iweala – Economist and International Development Expert (Nigeria)
Doug O’Donnell – Commissioner, Large Business and International Division, IRS
Mike Williams – Director of Business and International Tax, HM Treasury (UK)
Will Morris – Chair, BIAC Committee on Taxation and Fiscal Affairs
Bill Sample – Chair, USCIB Tax Committee

The tax event continues USCIB’s fruitful collaboration with the OECD and BIAC on digital economy topics, following upon a USCIB-hosted March conference in Washington, D.C. on the OECD’s “Going Digital” project.

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers, and Business at OECD (BIAC), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment. More information is available at www.uscib.org.

Contact:
Jonathan Huneke, VP communications, USCIB
+1 212.703.5043 or jhuneke@uscib.org

At OECD Event, Business Encourages Girls to Dream Big

L-R: Ronnie Goldberg (USCIB), Anna Blue (Girl Up), Rebecca Campbell (Disney), Irena Sodin (Slovenian mission to the OECD), Monika Queisser (OECD). Click on the image to view a video recap.

On April 9, at OECD headquarters in Paris, Business at OECD (BIAC) organized a conversation with The Walt Disney Company and leading advocates for diversity in the workplace on the importance of gender inclusion within the creative sector.

Rebecca Campbell, president of Disney’s Europe, Middle East and Africa operations, presented on the company’s efforts to re-imagine gender narratives through its storytelling and “Dream Big, Princess” initiative. Since 2017, Disney has collaborated on this initiative with Girl Up, the United Nations Foundation’s program to support leadership development of adolescent girls around the globe. Campbell said that some 40 percent of the directors of its upcoming film releases were women, and it was committed to bringing that number to parity with men − despite an industry-wide average of less than 5 percent for top-grossing films over the past ten years.

A panel discussion, moderated by USCIB Senior Counsel Ronnie Goldberg, highlighted progress, challenges and opportunities for stakeholders to harness creativity and innovation for the advancement of gender inclusion. Panelists included Anna Blue, co-executive director of Girl Up; Disney’s Campbell; Irena Sodin, Slovenia’s ambassador to the OECD; and Monika Queisser, senior counselor at the OECD’s Employment, Labor and Social Affairs Directorate.

The event featured robust Q&A from an audience that included daughters of many OECD employees. Other speakers included BIAC Secretary General Russel Mills; Andrew Haviland, charge d’affaires at the U.S. Mission to the OECD; and Virginie Delalande, a coach and speaker and the first deaf person to become a practicing lawyer in France.

Following the discussion, participants enjoyed a cocktail reception and tour of Disney’s Dream Big, Princess exhibition, featuring inspirational photography and video content of real-life women and girls across the globe dreaming big.

Click here to view a short video recap of the event.

2019 OECD Tax Conference

Early Bird Registration Ends April 19th!

The 2019 OECD International Tax Conference, June 3-4

Four Seasons Hotel, Washington

June 3: 8:30am – 7:30pm
June 4: 8:00am – 1:00pm

Draft Agenda with Confirmed Speakers

Now in its 14th year, 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 (“CTPA”) as well as key members of the OECD’s Committee on Fiscal Affairs: including Pascal Saint-Amans, Director, CTPA, and Grace Perez-Navarro, Deputy Director, CTPA. Speakers will also include Martin Kreienbaum, Chair of the OECD’s Committee on Fiscal Affairs and Director General for International Taxation at the German Federal Ministry of Finance, and Lafayette “Chip” Harter, Deputy Assistant Secretary – International Tax Affairs. This year’s conference will focus mainly on the OECD’s work on a global solution to the tax challenges posed by the digitalization of the economy. This work is on a fast track, with the G20 having asked OECD to deliver a global solution in 2020, with an update in June 2019. With G20 Finance Ministers meeting in Japan a few days after the conference, this event provides participants a unique opportunity to hear and discuss the latest developments on this important issue.

Registration Information

Information for Participants

Hotel Room Block

Key Topics:

  • Four sessions on the Tax Challenges of Digitalization covering Pillar 1 – Profit Allocation and Nexus, Pillar 2 – Minimum Taxes and Taxes on Base Eroding Payments and next steps
  • Tax Treaties and the Multilateral Instrument
  • Improving Tax Certainty – ICAP and MAP
  • Transfer Pricing
  • The International Tax Implications of Brexit

2019 Featured Speakers:

  • Dr. Ngozi Okonjo-Iweala – Economist and International Development Expert with over 30 years of experience working in Asia, Africa, Central Europe and Latin America (Keynote Speaker)
  • Pascal Saint-Amans – Director, Centre for Tax Policy and Administration, OECD
  • Grace Perez-Navarro – Deputy Director, Centre for Tax Policy and Administration, OECD
  • Peter Robinson – President and CEO, USCIB
  • Russel Mills – Secretary General, Business at OECD
  • Martin Kreienbaum – Director General, International Taxation, Federal Ministry of Finance, Germany
  • Mike Williams – Director, Business and International Tax, HM Treasury, United Kingdom
  • Alexandra MacLean – Director General, International and Large Business Directorate, Canada Revenue Agency
  • Harry Roodbeen – Director, International Tax and Consumer Tax, Ministry of Finance, The Netherlands
  • Gael Perraud – Co-Chair, OECD Task Force on the Digital Economy; Director of International Taxation and European Affairs, Ministry of Economy and Finance, France
  • Lafayette (Chip) G. Harter – Deputy Assistant Secretary (International Tax Affairs), U.S. Treasury
  • Doug O’Donnell – Commissioner, Large Business and International (LB&I) Division, IRS
  • John C. C. Hughes, Director, APMA, Large Business and International (LB&I) Division, IRS
  • Achim Pross – Head of International Cooperation and Tax Administration, Centre for Tax Policy and Administration, OECD
  • Tomas Balco – Head of the Transfer Pricing Unit, Centre for Tax Policy and Administration, OECD
  • Sophie Chatel – Head of the Tax Treaty Unit, Centre for Tax Policy and Administration, OECD
  • Richard Collier – Senior Advisor, Centre for Tax Policy and Administration, OECD
  • Michael Graetz – Professor of Tax Law, Columbia Law School
  • Will Morris – Chairman, Business at OECD Committee on Taxation and Fiscal Affairs; Vice Chair, USCIB Tax Committee
  • Bill Sample – Chairman, USCIB Tax Committee; Vice Chair, Business at OECD Committee on Taxation and Fiscal Affairs
  • Tim McDonald – Vice Chair, USCIB Tax Committee
  • Louise Weingrod – Vice Chair, USCIB Tax Committee
  • Other Senior Treasury and Foreign Tax Policy Officials

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

2018 Final Agenda

2018 Speaker Biographies

2018 Photos

More on USCIB’s Taxation Committee

2019 Sponsors:

PWC

 

Black Deloitte Logo

exxonmobil

 

 

For information on how to become a sponsor, please contact Abby Shapiro (617-515-8492 or ashapiro@uscib.org). 

 

Presented by:

USCIB logo

OECD

In association with:

IFA Logo
ITPF
NFTC logo

Tax Executives Institute, Inc.

Going Digital: OECD Insights for a Changing World

Going Digital: OECD Insights for a Changing World

March 25, 2019

AT&T Forum For Technology, Entertainment & Policy

601 New Jersey Avenue NW
Washington, DC 20001

Program: 8:30am – 5:30pm

Cocktail Reception: 5:30pm – 7:00pm

The USCIB Foundation, USCIB’s educational arm, teamed up once again with the Organization for Economic Cooperation and Development (OECD) and Business at OECD (BIAC), to host the 1st inaugural event of The Joseph H. Alhadeff Digital Economy Conference Series on March 25, 2019 at the AT&T Forum For Technology, Entertainment & Policy in Washington, D.C.

The digital transformation of the global economy has revealed exciting potential for a more prosperous, productive, inclusive, and socially beneficial world. We need an enabling policy environment for investment and innovation, however, in order to make the most of the potential for digital transformation to improve people’s lives and generate prosperity. At the same time, we must be prepared to address how the fruits of digital innovation can create challenges to privacy, security, and the future of work.

This conference – the fourth such collaboration between USCIB, BIAC, and the OECD – explored the findings of the OECD’s Going Digital Project, an ambitious two-year examination of how digital transformation affects policymaking across a large spectrum of policy areas. The conference drew upon the expertise of the OECD Secretariat on Science, Technology, and Innovation, senior U.S. government officials, and business experts from USCIB and BIAC member companies. In particular, speakers considered how best to secure the digital economy from ever-more sophisticated cybersecurity threats. In addition, experts delved into both the promise and challenges of tapping the power of Artificial Intelligence (AI) and other emerging technologies.

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

FEATURED SPEAKERS:

David Redl

Assistant Secretary for Communications and Information and Administrator of the National Telecommunications and Information Administration (NTIA), U.S. Department of Commerce

Robert Strayer

Deputy Assistant Secretary for Cyber and International Communications and Information Policy, U.S. Department of State

Gail Slater

Special Assistant to the President for Technology, Telecommunications and Cybersecurity Policy, National Economic Council, The White House

Andrew Wyckoff

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

Russel Mills

Secretary General, Business at OECD

Julie Brill

Corporate Vice President and Deputy General Counsel, Microsoft Corporation and Co-Chair, Business at OECD Committee on Digital Economy Policy (CDEP)

Laurent Bernat

OECD Secretariat, OECD Global Forum on Digital Security for Prosperity

Molly Lesher

OECD Secretariat, Going Digital Project

Conference Materials:

Conference Report

Agenda

Speaker Biographies

PowerPoint Presentations

2019 Conference Sponsored by:

Gold Level:

 

Silver Level:

 

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Bronze Level:

Supporting Organizations:

 

Presented by:

OECD_logo

Business at OECD Logo - 2016

 

2019 OECD International Tax Conference – Hotel Room Block

A limited number of rooms have been blocked at the reduced rate of $425/night at the conference venue, The Four Seasons Hotel, Washington, D.C. Unbooked rooms (if any) will be released for general sale on May 12, 2019, 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 reserve your room online, please visit www.fourseasons.com/washington, click on the “Corporate/Promo Code” option, and enter the following code: CI0619OEC (the letter C – the letter I – the number 0 – the number 6 – the number 1 – the number 9 – the letter O – the letter E – the letter C).

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

Conference Website

2019 OECD Tax Conference – Registration Information

***Please ensure that the address provided is the billing address for the credit card being used to pay for the registration***

Online Registration:

If you received an email invitation from USCIB  to one of our events, including the 2019 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.

Click here to register 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 are experiencing difficulties registering online or think you have registered but have not received a confirmation email, please contact Erin Breitenbucher at 202-682-7465 or ebreitenbucher@uscib.org.

Conference Website

2019 OECD Tax Conference: Information for Participants

Conference Materials:

  • USB Flash Drives with Background Documents will be included in materials handed out to attendees. Electronic copies are currently available to registered participants upon request.

PowerPoint Presentations

  • Hard Copies of PowerPoint Presentations will not be distributed. Electronic copies will be sent via email to participants when they are finalized.

Conference Logistics:

Location Details: The conference will be held at the Four Seasons Hotel located at 2800 Pennsylvania Avenue NW. The meeting portion of the conference will take place in the Corcoran Ballroom located on the Banquet level. The Luncheon on Monday, June 3rd will take place in the Dumbarton Conservatory next door to the Corcoran Ballroom.  The Reception, also on Monday, June 3rd, will take place in the Seasons Restaurant on the Lower Lobby Level.

Wireless Internet:  Wireless internet is available for conference attendees in the meeting room.  Please ask a member of the conference staff for the wireless password. Complimentary internet is also available to conference participants in your hotel room.

Parking:  Discounted Valet Parking is available at the conference venue, The Four Seasons Hotel, for conference attendees. The discounted rate is $29 per day.  Please pick up a parking validation sticker at the registration table for each day of the conference.

Metro: The nearest metro station is the Foggy Bottom-GWU station.  Both Blue and Orange lines stop at the Foggy Bottom Metro.  The Hotel is approximately a four block walk from the metro. (Map below)

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Conference Website

USCIB Joins Global Dialogue on Anti-Corruption and Technology

On March 20-21, 2019, the OECD hosted its annual Global Anti-Corruption & Integrity Forum in Paris. This year, the Forum’s theme was “Tech for Trust” and it focused on the risks and opportunities of new technologies for anti-corruption and integrity. USCIB Senior Director for Investment, Trade and Financial Services Eva Hampl represented USCIB at the Forum.

The sessions covered issues including data analytics, tax information sharing, parcels trade, regulation, state-owned enterprises, and lobbying.

The OECD is currently reviewing their 2009 Anti-Bribery Recommendation which was adopted by the OECD in order to enhance the ability of the States Parties to the Anti-Bribery Convention to prevent, detect and investigate allegations of foreign bribery. This document, which is open for review in a public consultation, was also the topic in several sessions last week in Paris. The lively debate that included USCIB and others representing Business at OECD raised issues such as the demand side of bribery, voluntary self-disclosure, incentivizing investing in compliance systems, and state-owned enterprises.

“The issue of bribery and corruption more broadly continues to be a significant cost to business,” said Hampl, reporting from the meeting in Paris, “Technology, including blockchain, big data analytics, AI and others are transforming the way business is done, but they also have the potential to address many of the anti-corruption issues. As this discussion continues at the OECD, business will be at the table providing valuable input from dealing with these issues at the front lines.”

USCIB Gathers Stakeholders to Discuss OECD Digital Project 

USCIB President and CEO Peter Robinson at the 2019 Going Digital Conference

The OECD Summit on Going Digital, held March 11-12 in Paris, presented the main findings and policy messages of the OECD’s two-year Going Digital Project. In light of this milestone, USCIB teamed up with the OECD and Business at OECD to organize an event in Washington DC on March 25 bringing together over fifty representatives from U.S. government, the private sector and press to discuss outcomes and next steps.

The March 25 Conference, hosted by the AT&T Forum for Technology, Entertainment and Policy, introduced the Going Digital Toolkit and included in-depth discussions on indicators, experiences and innovative policy practices, particularly as they relate to economic growth and societal well-being, privacy, security against cyber-threats, as well as harnessing the power of Artificial Intelligence (AI) for economic and social prosperity.

Corporate Vice President and Deputy General Counsel of Microsoft and Co-Chair of the Business at OECD Committee on Digital Economy Policy Julie Brill gave opening remarks, praising the OECD project. “The global digital project will serve as a foundation for policymakers around the world to ensure that the technological revolution is a catalyst for inclusive growth that benefits all,” said Brill. “The timing couldn’t be more appropriate or more important.”

Common themes that emerged among panelists and participants included emphasis on economies to invest in people through increased access to STEM training, innovative use of apprenticeships and skills-based training and retraining programs to ensure that the work force is adaptable and is prepared for the challenges of the future. There was also consensus on the need to reduce barriers to promote AI innovation and application to realize more of the potential of AI in providing new opportunities and even creating new sectors of industries. At the same time, governments need to establish principles to ensure public trust and confidence in AI technologies.

“The OECD undertook the Going Digital Project at a time when other multilateral organizations and individual countries were responding to the digital transformation of the economy in a way that undermined the potential economy and societal benefits,” said Barbara Wanner, USCIB vice president for ICT policy. “USCIB members appreciate how the OECD has navigated the plethora of conflicting views and developed sound, evidence-based recommendations that can guide countries and organizations to benefits of digital innovation. We look forward to shaping the all-important Phase 2 of the project, which will focus on practical steps.”

OECD’s Andy Wyckoff

Other speakers at the conference included OECD Director for Science Technology and Innovation Andy Wyckoff, Director for International Communications, Information, and Emerging Technologies from the U.S. Department of State Adam Lusin as well as The White House Assistant Director for Artificial Intelligence, Office of Science and Technology Lynne Parker.

The day-long event titled, Going Digital: OECD Insights for a Changing World, was dedicated to the late Joseph Alhadeff and commemorated his decades-long leadership and contribution to the ICT space both domestically and globally. Alhadeff was a long-time USCIB supporter, colleague and mentor who served on the USCIB Board and was a Vice Chair of the USCIB ICT Policy Committee for over 15 years.