Seminar  Seminar

International Tax Issues 2013


Why you should attend

As the world’s economies grow increasingly integrated, the international tax laws of the U.S. impact a greater percentage of businesses and transactions. These international tax rules affect not only large US and foreign-based multinationals, but also increasingly affect mid-sized and smaller firms, financing transactions, mergers and acquisitions, and other commercial activity. As a result, a working knowledge of these international tax rules is of paramount importance to a wide variety of tax professionals.

At this year’s program we will assemble some of the world’s leading experts and senior government officials to discuss the complex rules of U.S. international taxation. We will focus upon both operational and transactional implications of these rules, and will describe the application of the rules to both U.S. and foreign-based entities.

What you will learn

  • Explore recently proposed International Tax Reform legislation, identifying the key concepts and predicting the future
  • Understand the intricacies of managing offshore cash and efficient utilization of foreign cash
  • Identify cross-border merger and acquisition issues, techniques and developments
  • Get an update on new foreign tax credit regulations implementing the 2010 legislation (including splitter and covered asset acquisition structures) and Subpart F developments
  • Examine recent developments in transfer pricing audits and planning

Who should attend

Law firm and accounting firm professionals who advise clients on structuring cross border transactions, and on international tax planning and controversy matters; in-house tax professionals involved in cross-border and internal planning, in FIN 48 determinations and in IRS audits and appeals of international issues; and government attorneys who want to stay on top of what’s happening in the international tax arena.

PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Morning Session: 9:00 a.m. - 12:30 p.m.

9:00 Introduction and Opening Remarks

Lowell D. Yoder

9:15 Legislative Outlook - International Tax Reform
  • Revenue neutrality
  • Lower rates with a broader base
  • Territorial, hybrid, or worldwide
  • Anti-base erosion proposals
  • Thin cap
  • Other “anti-abuse” proposals (e.g., Stop Tax Haven Abuse Act)
  • Other international legislative proposals
  • Predicting the future
Manal S. Corwin, Dana L. Goldberg, Eric Solomon, Robert B. Stack (invited)

10:15 Managing Offshore Cash
  • Cash pool arrangements (incl. notional pooling & fx)
  • Short term loans to U.S. affiliates
  • Advance payments - inventory, services & royalties
  • Return of basis distributions
  • Section 304 - accessing high taxed earnings & basis
Michael A. DiFronzo, William S. Dixon, Damon M. Lyon, John D. McDonald

11:15 Networking Break

11:30 Cross Border M&A Planning
  • Acquisitions of foreign targets
  • Acquisition of U.S. targets with foreign subsidiaries
  • Foreign multinationals acquiring U.S. targets
  • Section 367 developments
  • Section 7874 developments
  • Maximizing use of foreign cash to fund acquisitions
Peter H. Blessing, Nicholas J. DeNovio, Paul W. Oosterhuis, Steven M. Surdell

12:30 Lunch

Afternoon Session: 1:45 p.m. - 5:00 p.m.

1:45 Foreign Tax Credit & Subpart F Developments
  • Section 901 technical taxpayer rules
  • Section 909 splitter rules
  • Section 901(m) covered asset acquisition rules
  • Other FTC developments and issues
  • Subpart F sales & services income
James P. Fuller, Marjorie A. Rollinson, T. Timothy Tuerff, David A. Waimon

3:30 Networking Break

3:45 Recent Developments on Transfer Pricing

  • Realignment from LMSB to LB&I and the creation of a transfer pricing practice
  • Consolidation of APA and competent authority into the APMA program
  • Impact of IRS administrative changes on transfer pricing exams, APAs and Competent Authority cases
  • IP planning - definitional & related measurement, managing ownership within a multinational group, section 367, and developments
  • Cost sharing regulations
Rocco V. Femia, Thomas Kittle-Kamp, Thomas M. Zollo

5:00 Adjourn
Chairperson(s)
Lowell D. Yoder ~ McDermott Will & Emery LLP
Speaker(s)
Peter H. Blessing ~ KPMG LLP
Manal S. Corwin ~ KPMG LLP
Nicholas J. DeNovio ~ Latham & Watkins LLP
William S. Dixon ~ Managing Director, Mergers & Acquisitions, Citigroup Global Markets Inc.
Rocco V. Femia ~ Miller & Chevalier Chartered
James P. Fuller ~ Fenwick & West LLP
Dana L. Goldberg ~ Caterpillar Inc.
Thomas Kittle-Kamp ~ Mayer Brown LLP
Damon M. Lyon ~ McDermott Will & Emery LLP
John D. McDonald ~ Baker & McKenzie LLP
Paul W. Oosterhuis ~ Skadden, Arps, Slate, Meagher & Flom LLP
Robert B. Stack(invited) ~ U.S. Deputy Assitant Secretary, International Tax affairs (Tax Policy), U.S. Department of the Treasury
T. Timothy Tuerff ~ Deloitte Tax LLP
Thomas M. Zollo ~ KPMG LLP
Program Attorney(s)
Stacey L. Greenblatt ~ Practising Law Institute
Chicago Seminar Location

University of Chicago Gleacher Center, 450 N. Cityfront Plaza Drive, Chicago, Il 60611. (312) 464-8787.


Chicago Hotel Accommodations


InterContinental Chicago Magnificent Mile, 505 North Michigan Avenue, Chicago, Illinois 60611. (800) 628-2112. Please contact hotel directly in order to receive the preferred rate. When calling, please mention PLI and the name of the program you are attending. The cut-off date for the preferred rate is August 27, 2013.

Sheraton Chicago Hotel & Towers, 301 E. North Water Street, Chicago, Illinois 60611. (312) 464-1000. When calling, please mention PLI and the name of the program you are attending. The cut-off date for the preferred rate is August 17, 2013.

PLI programs qualify for credit in all states that require mandatory continuing legal education for attorneys. Please be sure to check with your state and the credit calculator to the right for details.


Please check the CLE Calculator above each product description for CLE information specific to your state.

Special Note: In New York, newly admitted attorneys may receive CLE credit only for attendance at "transitional" programs during their first two years of admission to the Bar. Non-traditional course formats such as on-demand web programs or recorded items, are not acceptable for CLE credit. Experienced attorneys may choose to attend and receive CLE credit for either a transitional course or for one geared to experienced attorneys.  All product types, including on-demand web programs and recorded items, are approved for experienced attorneys.

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If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.

Credit will be granted only to the individual on record as the purchaser unless alternative arrangements (prearranged groupcast) are made in advance.

Related Items

On-Demand  On-Demand Programs

Basics of International Taxation 2013 Aug. 7, 2013

Handbook  Course Handbook Archive

Basics of International Taxation 2014  
International Tax Issues 2014  
International Tax Issues 2013 Chicago Lowell D. Yoder, McDermott Will & Emery LLP
Dana L. Goldberg, Caterpillar Inc.
James P. Fuller, Fenwick & West LLP
Peter H. Blessing, KPMG LLP
Paul W. Oosterhuis, Skadden, Arps, Slate, Meagher & Flom LLP
Robert B. Stack(invited), U.S. Department of the Treasury
Marjorie A. Rollinson, EY
Eric Solomon, EY
Manal S. Corwin, KPMG LLP
T. Timothy Tuerff, Deloitte Tax LLP
Michael A. DiFronzo, PwC
David A. Waimon, EY
Nicholas J. DeNovio, Latham & Watkins LLP
John D. McDonald, Baker & McKenzie LLP
Thomas M. Zollo, KPMG LLP
Steven M. Surdell, EY
Thomas Kittle-Kamp, Mayer Brown LLP
Damon M. Lyon, McDermott Will & Emery LLP
William S. Dixon, Citigroup Global Markets Inc.
Rocco V. Femia, Miller & Chevalier Chartered
 
Basics of International Taxation 2013 Linda E. Carlisle, White & Case LLP
 
International Tax Issues 2013 Michael A. DiFronzo, PwC
 
International Tax Issues 2012 Chicago Lowell D. Yoder, McDermott Will & Emery LLP
James P. Fuller, Fenwick & West LLP
Peter H. Blessing, KPMG LLP
Paul W. Oosterhuis, Skadden, Arps, Slate, Meagher & Flom LLP
Eric Solomon, EY
T. Timothy Tuerff, Deloitte Tax LLP
Michael A. DiFronzo, PwC
David A. Waimon, EY
Mark R. Martin, McDermott Will & Emery LLP
Jefferson P. Vanderwolk, EY
Pamela F. Olson, PwC
David M. Ernick, U.S. Department of the Treasury
Nicholas J. DeNovio, Latham & Watkins LLP
John D. McDonald, Baker & McKenzie LLP
Thomas M. Zollo, KPMG LLP
Emily S. McMahon, U.S. Department of the Treasury
Steven M. Surdell, EY
Damon M. Lyon, McDermott Will & Emery LLP
William S. Dixon, Citigroup Global Markets Inc.
Rocco V. Femia, Miller & Chevalier Chartered
 
Basics of International Taxation 2012 Linda E. Carlisle, White & Case LLP
 
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