Emerging markets, transfer pricing and tax treaties on the agenda of annual event
Washington, D.C., May 24, 2012 – How do key emerging markets fit into the global taxation system? How can the Organization for Economic Cooperation and Development (OECD), national governments and global business best foster simplicity, effective problem-solving and appropriate tax policy tools for countries at different stages of development?
These will be among the questions tackled at the annual tax conference of the United States Council for International Business (USCIB), June 4-5 in Washington, D.C. Now in its sixth year, the sold-out event will focus on the work of the 34-nation OECD, a key global forum for discussion and coordination of national taxation policies.
The conference provides a unique opportunity for American business to interact with top representatives of the OECD’s Center for Tax Policy and Administration, as well as senior tax officials from the U.S. and other OECD countries.
“As emerging markets like China and India continue to attract significant inbound investment, increase their outbound investment, and grow their participation in global production and value chains, it is critical that their national tax policies work harmoniously with the evolving global body of tax treaties and related rules,” said Bill Sample, corporate vice president for worldwide taxation with Microsoft Corp. and chair of USCIB’s Taxation Committee.
“This event will provide an important opportunity for tax executives from multinational companies to benchmark the best approaches to tax and development, and to discuss related issues of transfer pricing and tax treaties, through direct discussion with experts from the OECD and national tax officials,” he said.
Key questions to be addressed at the conference include: What are the latest international developments affecting permanent establishments? Are transfer pricing rules too complex? How should income from intangible property be determined? How are countries working together to improve tax compliance and cooperation?
Speakers at the event are expected to include:
- Jose Fernandez, assistant secretary for economic and business affairs, U.S. Department of State
- Pascal Saint-Amans, new head of the OECD’s Center for Tax Policy and Administration
- Manal Corwin, deputy assistant secretary of the Treasury for international affairs
- Masatsugu Asakawa of the Japanese finance ministry, chair of the OECD Committee on Fiscal Affairs
- Marlies de Ruiter, new head of OECD’s tax treaty, transfer pricing and financial transactions division
- Joe Andrus, new head of OECD’s transfer pricing unit
- Sam Maruca, the Internal Revenue Service’sdirector of transfer pricing operations.
“Informed, ongoing dialogue with the OECD secretariat and with OECD member states is crucial for global companies,” according to Carol Doran Klein, USCIB’s vice president and international tax counsel. “It’s a testament to how seriously companies view these issues that the event was sold out weeks in advance.”
The conference is co-organized by USCIB, the OECD and the Business and Industry Advisory Committee (BIAC) to the OECD, which officially represents the view of industry in the Paris-based body. Supporting organizations include the International Fiscal Association – USA Branch, the International Tax Policy Forum, the National Foreign Trade Council, the Organization for International Investment, the Tax Council Policy Institute, the Tax Executives Institute and the Tax Foundation. Details are available at www.uscibtax.org.
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. With a unique global network encompassing leading international business organizations, including 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.
