Joint Conference Addresses Digital Taxation

The German business association BDI hosted the OECD, Business at OECD, USCIB and other business representatives at a joint conference in Berlin, Germany on November 6 to contribute to the current debate on digital taxation. The OECD is the leading organization in developing a consensus approach to this debate.

Leading global tax experts discussed current business models and value creation, profit allocation and nexus rules, and future challenges of profit taxation. Among them was USCIB Taxation Committee Chair Bill Sample (Microsoft Corporation) who gave a keynote on a panel, “Future Challenges of Profit Taxation.”

Sample spoke about a “borderless world,” with borderless businesses and borderless consumers, which increases the need for governments to work together to reduce the negative impact of hard borders on the digitalized economy.

The event, titled International Taxation in Light of Digitalization, also featured participation by OECD Deputy Secretary General Ludger Shucknecht and Director for the OECD Center for Tax Policy and Administration Pascal Saint-Amans, as well as Head of the International Tax Unit at the German Federal Ministry of Finance Christian Schleithoff.

Business Groups Fire Back Against Proposed Tax on Tech Firms

Following the United Kingdom’s plan to impose a new tax on sales by many technology companies, U.S. business groups, including USCIB, fired back warning that the proposal would violate tax agreements by targeting U.S. firms. The proposal includes a 2% tax on sales by large social media platforms, internet marketplaces and search engines from April 2020.

BBC reported on this development and highlighted comments by U.S. Treasury Secretary Steven Mnuchin, who according to BBC, voiced strong concern about different countries’ efforts to develop digital sales tax. “This tax is a proportionate and targeted interim response that reflects the changing global economy, and how digital businesses derive value from users – it’s not targeted at any country and seeks to ensure the tax system is fair,” said Mnuchin.

USCIB submitted a letter to EU Commissioner Pierre Moscovici in July in response to a proposed EU directive urging the directive not to be adopted.

“The directives reflect a lack of understanding of current and evolving business models and would distort the allocation of revenue or income to functions that do not accurately reflect value creation by the companies earning the revenue or income,” stated USCIB’s letter.

“USCIB supports a consensus-based comprehensive income-tax-based solution applied equally to agreed upon issues in segments of the digitalized economy,” added USCIB Vice President for Tax Policy Carol Doran Klein. “There is agreement that the global economy, businesses and the public sector are digitalizing. Therefore, any solution to agreed upon issues (if any) must apply to the economy broadly, not to narrow segments of the economy. Any solution must also be broadly agreed to by countries to minimize double taxation and controversy, therefore the G20-OECD Inclusive framework is the best forum for this discussion. The EU itself recognizes the importance of a multilateral approach.”

 

Taxation

 

Fountain pen on tax

Chair

Bill Sample
Consultant
Microsoft Corporation

Vice Chair

Timothy M. McDonald
Vice President, Finance & Accounting, Global Taxes
The Procter & Gamble Company

Vice Chair

Will Morris
Deputy Global Tax Policy Leader
PwC

Staff

Carol Doran Klein
Vice President and International Tax Counsel
202-682-7376 or cdklein@uscib.org

Erin Breitenbucher
Senior Policy & Program Associate and Office Manager, Washington
202-682-7465 or ebreitenbucher@uscib.org

Working Groups / Subcommittees

BIAC/ICC Subcommittee

Inbound Investment Subcommittee

Legislative and Administrative Developments Subcommittee

Tax Treaties Subcommittee

Transfer Pricing Subcommittee

Working Group on Consumption Taxes

Working Group on the Digital Economy

Working Group on Environment and Energy Taxes

Working Group on Financial Services Issues

Working Group on Permanent Establishment Issues

What’s at Stake for Business

  • Multiple sets of inconsistent rules drive up costs and result in double taxation.
  • Double taxation will have a negative impact on global trade and investment.

Current Priorities

  • Provide leadership and business perspective on key OECD projects including BEPS, taxation of the digital economy, transfer pricing guidelines, permanent establishment rules.  USCIB works closely with BIAC on OECD issues.
  • Urge the OECD to consider the need for a predictable fiscal environment that will protect and encourage cross-border trade and investment in the context of developing and implementing BEPS recommendations.
  • Provide input to the IRS on important guidance projects, including those resulting from the Tax Cuts and Jobs Act.
  • Successfully manage the 2019 OECD International Tax Conference in Washington, DC on June 3-4, 2019.

USCIB at Work

USCIB plays a leading role in advocating sound, consistent international taxation policies and opposes any efforts to unfairly increase the tax burden on companies in several forums:

  • At the OECD, leading voice through BIAC informing policymakers on the unintended negative consequences resulting from unilateral actions.
  • At the UN, providing business input at the UN’s Committee of Tax Experts including on changes to the UN Model and UN Transfer Pricing Guidance.
  • In Washington, promoting business interests to U.S. Treasury and House Ways and Means and Senate Finance Committees on International Tax Reform and U.S, competitiveness.
  • The Committee has a deep technical knowledge of the practical applications of tax policy and works to prevent any policies that may have unintended negative consequences.
  • On the Steering Committee of the BIAC Taxation Committee where we influence both agenda setting and policy development in the OECD.

Who We Are

The USCIB Tax Committee is composed of USCIB member companies representing a range of business and industry sectors. Advocacy priorities are determined that reflect consensus among the members.

Mission

The Committee works to enhance the competitiveness of U.S. business by promoting sound, appropriate and consistent international tax policy and also to prevent and eliminate government policies that result in double taxation in a range of strategic forums:

  • The OECD, particularly on the Action Plan on Base Erosion and Profit Shifting (BEPS)
  • The United Nations
  • The U.S. Department of Treasury

Recent Accomplishments

News Stories

Joint Conference Addresses Digital Taxation (11/13/2018) - The German business association BDI hosted the OECD, Business at OECD, USCIB and other business representatives at a joint conference in Berlin, Germany on November 6 to contribute to the current debate on digital taxation. The OECD is the leading organization in developing a consensus approach to this debate. 
Business Groups Fire Back Against Proposed Tax on Tech Firms (11/6/2018) - Business Groups Fire Back Against Proposed Tax on Tech Firms

Read More

Press Releases

OECD Tax Conference: Global Challenges in the Context of U.S. Tax Reform (5/2/2018) - OECD Tax Conference: Global Challenges in the Context of U.S. Tax Reform
USCIB Statement on the U.S. Election Results (11/9/2016) - USCIB congratulated Donald Trump on his election as president, saying a top priority for the new administration should be a strategy for U.S. engagement with the wider world.

Read More

Bloomberg to Host Tax Leadership Forum

On November 29, shortly after a consequential U.S. midterm election, Bloomberg Tax will host its premier event for corporate tax and finance leaders. USCIB Vice President for Tax Policy Carol Doran Klein will moderate one of the sessions.

The Bloomberg Tax Leadership Forum will provide unique insights into the impact of the election results as well as the most current developments from the 2017 U.S. tax law affecting your organization’s tax planning.

Reserve your seat now as government policy makers, corporate tax leaders, and leading advisers present and discuss the critical issues of the day. Topics to be covered will include:

  • An update from key Ways & Means and Senate Finance Committee members
  • Choice of entity considerations and updates from regulators
  • The shifting state tax landscape
  • The ongoing debate on how the digital economy will be taxed
  • Critical international tax development updates for U.S. companies
  • The latest developments of the U.S. tax law’s impacts on trade issues

2019 OECD Tax Conference

Save the Date!

The 2019 OECD International Tax Conference, June 3-4

Four Seasons Hotel, Washington

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 to discuss the latest developments in international taxation.  At this year’s conference, Kevin Hassett, Chairman of The Council of Economic Advisors, delivered keynote remarks. Other senior tax officials from the U.S. and other key countries involved in the OECD’s international tax work participated on panels covering the latest developments in the taxation of multinational enterprises including tax treaties, transfer pricing, the work of the Task Force on the Digital Economy, dispute resolution and more.

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

2018 Final Agenda

2018 Speaker Biographies

2018 Photos

2018 Featured Speakers:

  • Kevin Hassett – Chairman, Council of Economic Advisors, Executive Office of the President
  • Pascal Saint-Amans – Director of the Center for Tax Policy & Administration, OECD
  • Grace Perez-Navarro – Deputy Director, OECD Centre for Tax Policy and Administration
  • Martin Kreienbaum – Director General, International Taxation, Federal Ministry of Finance, Germany
  • Brian Ernewein – General Director (Legislation), Tax Policy Branch, Department of Finance, Canada
  • Mike Williams – Director, Business and International Tax, HM Treasury
  • 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
  • Achim Pross – Head of International Cooperation and Tax Administration, OECD
  • Tomas Balco – Head of the Transfer Pricing Unit, CTPA, OECD
  • Sophie Chatel – Head of the Tax Treaty Unit, CTPA, OECD
  • Michael Graetz – Professor of Tax Law, Columbia Law School
  • Will Morris – Chairman, BIAC Committee on Taxation and Fiscal Affairs
  • Bill Sample – Chairman, USCIB Tax Committee; Vice Chair, BIAC Committee on Taxation and Fiscal Affairs
  • Other Senior Treasury and Foreign Tax Policy Officials

More on USCIB’s Taxation Committee

2018 Sponsors:

EY_Logo

 

PWC

 

 

Print

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

Business at OECD Logo - 2016

In association with:

IFA Logo
ITPF
NFTC logo
Organization for International Investment

Tax Executives Institute, Inc.

OECD Tax Conference Assesses Tax Reform Impacts

Chairman of the Council of Economic Advisers Kevin Hassett interviewed by Cathy Koch, Americas Tax Policy Leader, EY

Months after the signing into law of the most fundamental tax reform in the U.S. in over 30 years, the annual OECD International Tax Conference, organized by USCIB in cooperation with the OECD and Business at OECD, convened earlier this week in Washington, D.C. to assess the impact of the new law on U.S. multinational companies, reforms in other countries, as well as on cross-border trade and investment.

Some speakers, such as Louise Weingrod (Johnson & Johnson) spoke of the generally positive environment that has resulted from the new tax law, such as a more level-playing field for MNCs and increases in capital investment by U.S. companies. Chairman of the Council of Economic Advisers Kevin Hassett, who gave keynote remarks during the conference, stated that tax reform has been spurring growth and that U.S. reform will spur additional reform in other countries. He also said that reducing the corporate tax rate to 21 percent would have been enough but that the Trump administration tackled some of the other issues too, which has had the desired effect on margins.

“U.S. tax reform is but one piece of an increasingly complex puzzle of changing global tax rules that companies must navigate,” said USCIB President and CEO Peter M. Robinson. “As technology, business models and supply chains have evolved, it is more critical than ever to bring certainty to international tax rules, in order to promote global growth and avoid double taxation. The conference provided an unparalleled opportunity to learn about, and influence, the latest developments in the global taxation system.”

While U.S. tax reform was a contentious issue at the conference, other policy matters were also raised, specifically those related to transfer pricing, dealing with tax-related disputes through arbitration, implementation of the OECD’s multilateral instrument, development with regards to the United Nations Sustainable Development Goals, as well as tax challenges arising from digitalization.

Bill Sample (Microsoft), who is the vice chair of the Business at OECD Taxation and Fiscal Policy Committee and chairs the USCIB Tax Committee, reflected on the key issues for the business community that need to be addressed to get to a G20-mandated, consensus-based solution by 2020 with regards to digitalization. “Business recognizes the political pressure to reach consensus. But for business to be fully engaged, whatever the consensus is, it will need to bear a rational relationship to value creation,” he emphasized.

The sold-out conference, which was held June 4-5 gathered over 300 tax experts, academics and business representatives to interact directly with key leadership from the OECD, its Center for Tax Policy and Administration (CTFA), and senior tax officials from the U.S. and other OECD countries, including Canada, France and Germany. The conference has grown into an annual must-attend event for tax practitioners, experts and regulators from around the world.

2018 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 Reception on Monday, June 4th will take place in the Seasons Restaurant on the Lower Lobby Level.  The Luncheon on Tuesday, June 5th will take place in the Dumbarton Conservatory next door to the Corcoran Ballroom.

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

OECD Tax Conference: Global Challenges in the Context of U.S. Tax Reform

Washington, D.C., May 2, 2018 – Several months after the passage of the most fundamental U.S. tax reform law in over 30 years, what will the impact be on global companies – and on cross-border trade and investment? This is just one of the many questions to be discussed at a major June 4-5 conference in Washington, D.C.

The 2018 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 Organization for Economic Cooperation and Development, its Center for Tax Policy and Administration (CTFA), and senior tax officials from the United States and other OECD countries.

The conference is the 13th annual gathering on global tax policy developments convened by the United States Council for International Business (USCIB), in cooperation with the 35-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.

“U.S. tax reform is but one piece of an increasingly complex puzzle of changing global tax rules that companies must navigate,” said USCIB President and CEO Peter M. Robinson. “As technology, business models and supply chains have evolved, it is more critical than ever to bring certainty to international tax rules, in order to promote global growth and avoid double taxation. This conference provides an unparalleled opportunity to learn about, and influence, the latest developments in the global taxation system.”

Keynote remarks at this year’s conference will be delivered by U.S. Council of Economic Advisors Chairman Kevin Hassett. Other speakers will 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, Ministry of Finance, Germany
  • Brian Ernewein – General Director, Tax Policy Branch, Department of Finance, Canada
  • Mike Williams – Director, Business and International Tax, HM Treasury, UK
  • Lafayette (Chip) Harter – Deputy Assistant Secretary for International Tax Affairs, U.S. Treasury
  • Doug O’Donnell – Commissioner, Large Business and International Division, IRS
  • Mary Baine – Head, International Taxation, African Tax Administrative Forum
  • Will Morris – Chair, BIAC Committee on Taxation and Fiscal Affairs
  • Bill Sample – Chair, USCIB Tax Committee

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, 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

2018 OECD Tax Conference – Registration Information

Registration Information

Registration:

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

If you received an email invitation from USCIB  to one of our events, including the 2018 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.

Please contact Erin Breitenbucher at 202-682-7465 or ebreitenbucher@uscib.org if you experience problems registering 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 think you have registered but have not received a confirmation email, please contact Ms. Erin Breitenbucher at 202-682-7465 or ebreitenbucher@uscib.org to confirm.

Conference Website

2018 OECD International Tax Conference – Hotel Room Block

A limited number of rooms have been blocked at the reduced rate of $415/night at the conference venue, The Four Seasons Hotel, Washington, D.C. Unbooked rooms (if any) will be released for general sale on May 14, 2018, 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 CI0618OEC.

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

Conference Website