Key Issues in
Global Transfer Pricing
Get Latest Regulatory Updates and Practical Guidance for Successful Audit Defense
September 28 and 29, 2010
Optional Workshops: September 30, 2010
Congress Plaza Hotel
CHICAGO, ILLINOIS
Program Agenda - Day One
Tuesday, September 28, 2010
| 8:00 - 8:30 |
Registration and Continental Breakfast |
8:00 - 8:30< |
8:30 - 8:40
Welcome and Opening Remarks from the Chair
Russell Young, Partner, Baker & McKenzie LLP
8:40 - 9:40
Recent Updates and Developments in Global Transfer Pricing
Merv Edwards, Managing Director, Ceteris
Michelle Johnson, Director, Ceteris
- Recent transfer pricing cases
- Transfer pricing implications of fifth protocol of the Canada-U.S. Income Tax Convention
- Impacts of the new U.S. Services Regulations
- Transfer pricing audit trends
- Disclosure of uncertain tax positions
9:40 - 10:40
Complying with New Service Regulations: IRS Perspective
Paul Blankfeld, Senior Manager, International Tax Service, Ernst & Young LLP
- Understanding new service regulations
- How the new regulations affect you
- Discussion of high-value blackout services
- Real-life examples and case-studies
- Potential tax benefits and planning opportunities
| 10:40 - 11:00 |
Networking Break |
10:40 - 11:00 |
11:00 - 12:00
Transfer Pricing Updates and Challenges in Asia
Stanley Sherwood, International Tax Counsel, Gucci Group
- Documentation in Asia: Is it any different?
- Negotiating Advance Pricing Agreements (APAs) with Asia-Pacific countries
- Finding comparables when there are none
- Use of secret comparables
- MAP cases
- Examples on the history of audits
| 12:00 - 1:00 |
Luncheon Break |
12:00 - 1:50 |
1:00 - 1:50
Understanding IP Migration: Supply Chain Transfer Pricing
Russ O'Haver, Partner, Ernst & Young LLP
- Transfer pricing tax planning
- Overview of IP migration
- Cost sharing and the PCT valuation
- Supply chain: conversion costs and the OECD draft
- Recent IRS controversy experience
1:50 - 2:50
Discussion of Uncertain Tax Positions
Dale Hill, Partner, Gowling Lafleur Henderson LLP
- Current contentious issues
- Dispute resolution mechanisms to mitigate risk of double taxation
- Different avenues for dispute resolution including APA's: not all avenues are the same
- Disputes eligible for mandatory arbitration
- Rules regarding the arbitration procedure and the major impact that mandatory arbitration provisions will have on the resolution of double taxation cases
| 2:50 - 3:10 |
Networking Break |
2:50 - 3:10< |
3:10 - 4:00
New Techniques in Transfer Pricing
Stephen Curtis, Senior Manager, Economist, Ernst & Young LLP
- Dynamic royalties
- Understanding risk adjustments
- Loans and guarantee fees
- How to use analytical tools
- Effective strategies in transfer pricing
4:00 - 5:00
Understanding Financial Transactions
Brad Rolph, Vice-President, Charles River Associates
Anna Lam, Senior Associate, Charles River Associates
- Overview of financial markets and introduction to intercompany financial transactions
- Hot topics:
- intercompany loans: implications of financial crisis
- GE Capital case: impact of implicit support on intercompany debt and guarantees
- captive insurance companies: form v. substance
- hedging: volatile times requires practical solutions
- Activity in the tax courts
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