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TCPI
Board of Directors
Chairman
Douglas Bates
Vice President, Federal Relations
Northwestern Mutual
Robin D. Beran
Director, Global Tax & Trade and Assistant Treasurer
Caterpillar, Inc.
David P. Lewis
Vice President - Global Taxes; Chief Tax Executive & Assistant Treasurer
Eli Lilly and Company
James R. McCarthy
Director, Global Tax & Fiscal Policy
Procter & Gamble
Nanci Palmintere
Vice President Finance and Enterprise Services
Intel Corporation
Michael Reilly
Vice President - Taxation
Johnson & Johnson
Karl Schmalz
Assistant General Tax Counsel
Exxon Mobil Corporation
Roger J. LeMaster
Executive Director
Tax Council Policy Institute
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| Admin |
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| February 24 - 25, 2010 |
| Tax Reform: In search of a 21st Century U.S.tax system |
| 11th Annual Tax Policy & Practice Symposium |
| The Ritz-Carlton, Washington, DC |
| Program Managers: Deloitte Tax LLP | |
| Agenda |
| Printer Friendly |
| DAY 1 |
| 7:15AM - 8:00AM |
Registration & Continental Breakfast |
| 8:00AM - 8:20AM |
Welcome & Introductions |
| 8:20AM - 9:00AM |
Keynote Address
Details
David Walker, President & CEO, Peter G. Peterson Foundation |
| 9:00AM - 10:15AM |
Session 1 - Keynote Panel
Tax Reform: In Search of a 21st Century U.S. Tax System
Details
The keynote panel will frame the tax reform policy issues to be addressed in this Symposium. The topics covered in this panel include:
- Competitiveness:
- U.S. Companies Competing in Foreign Markets
- U.S. and Foreign Corporations Competing in the United States
- Ability of the United States to Attract Capital Investment
- What Are the Options: Rate Reduction, Changes to the Tax Base, Taxation of Cross Border Transactions
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| 10:15AM - 10:45AM |
Break |
| 10:45AM - 11:45AM |
Session 2
Lessons in Reform: Discussion of Recent Tax Reform in Other Countries
Details
The panel will discuss tax policy and recent tax reform efforts in the UK and Japan, including the reasons for reform and the major policy issues that were addressed in the reform process in these countries.
• Economic analysis influencing tax reform
• Issues addressed and resulting reforms |
| 11:45AM - 1:00PM |
Lunch & Keynote Address
Keynote Speaker: Stephen E. Shay
Deputy Assistant Secretary(International Tax Affairs)Office of Tax Policy
U.S. Department of Treasury
TCPI Pillar of Excellence will be awarded.
Details
Pillar of Excellence Award - to nominate an outstanding tax professional, please send an email to general@tcpi.org with a short description of why you think that person should receive this annual award.
We are looking for an outstanding tax professional whose performance and activities help further the knowledge and understanding of the tax community at large. This individual may come from government, business and industry, professional services, tax publishers and authors, or academia. Although there is no minimum time requirement, he or she should have a track record and demonstrated history as a tax professional.
Criteria may include but will not be limited to the following:
- Plays a key role in developing, communicating or administering tax policy at the state, federal or multinational level
- Actively communicates and shares knowledge regarding existing and proposed tax policy, its impact on the businesses and the national economy, and its real-world implementation
- Participates in seminars, webcasts, symposia or other knowledge-sharing opportunities for current tax executives and policymakers as well as the next generation of leaders
- Plays a key role in improving the overall understanding of foreign and domestic tax policies among tax professionals, other executives and policymakers |
| 1:15PM - 2:15PM |
Session 3
International Tax Reform: An Examination of Specific Proposals
Details
Much attention has been focused on the international tax proposals in the Administration’s FY 2010 budget. This session will explore the international tax reform proposals and their impact on worldwide American companies, including the provisions in the Administration’s budget, the President’s Economic Recovery Advisory Board, Subcommittee on Tax Reform, and other proposals.
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| 2:00PM - 3:15PM |
Session 4
Issues in Domestic Tax Reform
Details
Domestic tax reform has received somewhat less attention than the international proposals, but nevertheless, the proposed domestic reforms include fundamental and dramatic changes. The panel will discuss how these proposals, as well as the comparative U.S. corporate tax rate, affect U.S. companies and foreign multinationals. |
| 3:15PM - 3:45PM |
Break |
| 3:45PM - 4:45PM |
Breakout Sessions 5 & 6
5 - VAT: Practical Considerations and Lessons Learned
6 - 2020: Where Will Worldwide Companies be Headquartered?
Details
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Session 5 - Breakout
VAT: Practical Considerations and Lessons Learned
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This panel will explore the practical application and consequences of adopting a consumption-based tax by focusing on the recent enactment of New Zealand’s VAT, its structure, and the alternatives to a VAT that were considered. In addition, the panel will address transition issues, the overall impact on the economy, and the issues surrounding the coordination of a national consumption tax with state sales taxes.
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Session 6 - Breakout
2020: Where Will Worldwide Companies be Headquartered?
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This panel will analyze the impact of tax policy on the location of corporate headquarters and M&A investment activities by U.S. and non-U.S. worldwide American companies.
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| 5:00PM - 6:00PM |
Breakout Sessions 7 & 8
7 - Tax Incentives for Innovation and U.S. Competitiveness
8 - How Does the U.S. Measure Up?
Details
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Session 7 - Breakout
Tax Incentives for Innovation and U.S. Competitiveness
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Investing in innovation is a key component of the Administration’s strategy for fostering economic growth. Many of the innovation investments proposed by the Administration would be funded by tax incentives or administered through the tax system. This session will review the global footprint of these activities and compare tax incentives for innovation in various countries.
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Session 8 - Breakout
How Does the U.S. Measure Up?
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The panel will compare the current U.S. system of taxation with other major industrialized countries in the context of cross border transfers of goods, services, intellectual property and capital. A series of cross-border transactions will be evaluated in various jurisdictions.
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| 6:00PM - 8:00PM |
Networking Reception |
| DAY 2 |
| 8:00AM - 9:00AM |
Continental Breakfast |
| 9:00AM - 9:45AM |
Keynote Address
Speaker: The Honorable Charles B. Rangel, Chairman, House Committee on Ways & Means |
| 10:00AM - 11:00AM |
Breakout Sessions 9 & 10
9 - The Impact of Fundamental Tax Reform on Business Models
10 - Revenue, Transition Considerations and Other Facts of Life
Details
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Session 9 - Breakout
The Impact of Fundamental Tax Reform on Business Models
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This session will focus on fundamental considerations for worldwide American companies, and foreign-based corporations doing business in the United States, when responding to the impact of tax reform on various business models. The discussion will present a corporate executive point of view regarding how various companies may address the consequences of reform.
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Session 10 - Breakout
Revenue, Transition Considerations and Other Facts of Life
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Tax reform must consider the reality of the revenue needs of the federal government and the uncertainties associated with revenue estimates and the sources of revenue. The panel will explore how tax policy can achieve the goal of driving U.S. competitiveness with the budget constraints of the federal government. The discussion will include:
• The revenue estimating process and the impact of behavioral responses
• Transition issues inherent in tax reform proposals (e.g., the impact on tax attributes, basis, and E&P) and the actions companies may consider
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| 11:00AM - 11:30AM |
Break |
| 11:30AM - 12:45PM |
Session 11 - Keynote Closing Panel
Tax Reform: In Search of a 21st Century U.S. Tax System and the Way Forward
Details
The keynote closing panel will summarize the key decisions for policy makers in the tax reform process, including the political and business imperatives needed to enact a competitive tax system. The panel will address the timing for consideration and passage of such reforms and the necessity of creating a U.S. tax system that furthers American competitiveness in a global marketplace.
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| 12:45PM - 1:30PM |
Closing Lunch w/ Keynote Speaker
Congressman Paul Ryan (R-WI) |
| 1:30PM - 1:45PM |
Closing Remarks |
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