How Taxes Matter: The Globalization of Tax Policy and Implications for US Economic Growth and Investment

Continental Breakfast and Registration

Welcome Remarks and Recognition of Symposium Mission

Keynote Address: Administration's Perspective

Jason Furman, Chairman, The White House Council of Economic Advisers

CFO Panel: Tax Policy and the Global Business Environment

Why does the current US tax system fail to promote global competitiveness and economic growth? How does the current system influence business investment decisions? CFO panelists will discuss tax policies the United States should consider adopting to enhance global competitiveness and accelerate economic growth.

- Robert E. Moritz, US Chairman and Senior Partner, PwC (moderator)
- Jon R. Moeller, Chief Financial Officer, Procter & Gamble
- Derica W. Rice, Executive Vice President, Global Services, and Chief Financial Officer, Eli Lilly and Company

Break

Evaluating the US Corporate Income Tax

This panel takes a critical look at today’s corporate income tax and the fundamental assertions on which it is based. Is the current tax system optimal for corporate taxpayers and does it fuel or hinder economic growth? Can the system be modified to create and retain American jobs and investment? Who bears the ultimate cost of the corporate income tax? The panelists also will provide insights on how political factors might be overcome to drive effective reform.

- Michael D. Fryt, Former Corporate Vice President Tax, FedEx (moderator)
- Andrew (Drew) Lyon, Principal, Leader of the National Economic and Statistics Group, PwC
- William McBride, Chief Economist, Tax Foundation
- Douglas Shackelford, Dean and Meade H. Willis Distinguished Professor of Taxation, UNC Kenan-Flagler
- Tobin Treichel, Vice President, Tax, United Technologies Corporation

Lunch

Keynote Address: Prospects for Corporate Tax Reform

- Senator Ron Wyden (D-OR), Ranking Member, Senate Finance Committee

TCPI Pillar of Excellence Award Presentation

- award recipient: Mark A. Weinberger, Global Chairman & CEO, Ernst & Young LLP

Break

Federal Taxes: Revenues, Spending, and Corporate Income Tax Alternatives

Panelists will analyze tax revenue sources and distribution of spending in the United States, as compared to other countries. The panel also will evaluate potential alternatives, replacements, and enhancements to the corporate income tax.

- Hank Gutman, Principal, Director of the Tax Governance Institute, KPMG LLP (moderator)
- Robin Beran, Chief Tax Officer, Director, Global Tax and Trade, and Assistant Treasurer, Caterpillar Inc.
- Itai Grinberg, Associate Professor of Law, Georgetown Law
- Victoria J. Perry, Assistant Director, Tax Policy, Fiscal Affairs Department, International Monetary Fund (IMF)
- Eric Toder, Institute Fellow, Tax Policy Center, Urban Institute

Case Study: Enacting Growth-Oriented Business Tax Reform

This session will review the recent Canada and UK tax reform efforts to transition to a lower corporate income tax rate in favor of additional consumption-based taxes. What goals were the reform measures designed to achieve and does the economic data indicate that tax reform is accomplishing those goals?

- Robert Carroll, National Director, Quantitative Economics and Statistics (QWEST), Ernst & Young LLP (moderator)
- Stephen Richardson, Executive Fellow, The School of Public Policy, University of Calgary
- Benedict Wagner-Rundell, First Secretary (Economic), British Embassy Washington

Break

Transfer Pricing: Current Developments and the Road Ahead

This panel will address trends shaping transfer pricing today and what transfer pricing policies and planning may look like in a post-BEPS environment. Panelists will also discuss the impact of increased tax controversy and the European Commission’s state aid investigations on transfer pricing strategies.

Part One (4:00 - 4:45 pm)
- Kathryn Horton O'Brien, Principal, Transfer Pricing, Washington National Tax, PwC (moderator)
- David P. Lewis, Vice President - Global Taxes, Chief Tax Executive & Assistant Treasurer, Eli Lilly and Company
- Samuel M. Maruca, Partner, Covington & Burling LLP
- Michael McDonald, Financial Economist, Business and International Tax Division, Office of Tax Analysis, US Department of the Treasury



Part Two (4:45 - 5:30 pm) - European Union State-aid
- Sherry Grabow, Tax Partner, International Tax Services, PwC (moderator)
- David P. Lewis, Vice President - Global Taxes, Chief Tax Executive & Assistant Treasurer, Eli Lilly and Company
- Feargal O'Rourke, Partner and Head of Tax Services, PwC Ireland
- Ruben van Aarle, Managing Director, Taxperience (A member firm of Andersen Global)

Networking Reception

Continental Breakfast

Keynote Address: Economy, Budget, and Taxes

Congressman Kevin Brady (R-TX), Member, House Ways and Means Committee

The Corporate Income Tax in a BEPS World

This panel will discuss the policy behind the BEPS action items, as well as potential unintended consequences for both taxpayers and tax administrations. Panelists will address the conflicting goals inherent in the BEPS process and the impact of the changing global economy on the US tax system.

- Manal Corwin, Principal and National Leader, International Tax, KPMG LLP (moderator)
- Lily Batchelder, Deputy Assistant to the President, and Deputy Director at the National Economic Council
- Mike Danilack, Principal, Global Tax Controversy & Dispute Resolution, PwC
- Rocco Femia, Member, Miller & Chevalier Chartered
- Grace Perez-Navarro, Deputy Director, Centre for Tax Policy and Administration, Organisation for Economic Cooperation and Development (OECD)

Current and former IRS and Treasury officials discuss the practical impact of today’s global environment on tax administration and controversy. The panelists will provide insight for taxpayers in managing global controversies.

- Lisa Wadlin, Senior Vice President, Global Tax, Walmart (moderator)
- Brian Jenn, Attorney Advisor, Office of Tax Policy, U.S. Department of the Treasury
- Douglas W. O'Donnell, Deputy Commissioner (International), Large Business & International (LB&I) Division, Internal Revenue Service (IRS)
- Grace Perez-Navarro, Deputy Director, Centre for Tax Policy and Administration, Organisation for Economic Cooperation and Development (OECD)

Practical Implementation of the OECD's BEPS Action Plan

Tax directors will discuss steps their organizations are taking to proactively prepare for the OECD’s recommendations on the final BEPS action plan deliverables. The panelists will address the compliance burden, the impact on tax planning, and the challenges of corporate communications in a time of uncertainty.

- T. Timothy Tuerff, Managing Partner, Washington National Tax, Deloitte Tax LLP (moderator)
- Madeleine Barber, Senior Vice President & Chief Tax Officer, Tyco International
- Ronald D. Dickel, Vice President, Global Tax and Trade, Intel Corporation
- Michael P. Reilly, Vice President, Taxation, Johnson & Johnson

Closing Remarks