Seeking Stability in the Midst of Global Seismic Shifts

Registration and Breakfast

Recognition of Symposium Mission and Opening Remarks

How the World has Changed: Leadership Lesson Learned

Sharon Heck, Corporate Vice President Finance and Chief Tax Officer, Intel Corporation
Paul Nolan, Vice President, Tax, Government Affairs & Strategic Real Estate, McCormick & Company, Inc.
Todd Sweeris, Greater Washington Office Tax Managing Partner, Deloitte Tax LLP

State of the economy

Labor shortages. Supply chain woes. Inflation. Which changes are permanent, which are temporary, and what hasn’t changed at all due to the pandemic? And what might these mean for the future of policy making (whether in the fiscal or monetary domains)? This session will focus on the macroeconomic landscape upon which future tax policy decisions will be made.

Moderator:
Ira Kalish, Chief Global Economist, Deloitte Touche Tohmatsu Ltd.
Panelists:
Kyle Pomerleau, Senior Fellow, American Enterprise Institute
Louise Sheiner, The Robert S. Kerr Senior Fellow - Economic Studies; Policy Director - The Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution

Break

The future relationship between tax authorities and taxpayers’ digital DNA

Globally, tax administrators are developing and deploying innovative solutions to calculate and capture taxes. At the same time, jurisdictions are increasingly connected through global programs. Panelists will discuss these developments and how they are future proofing companies’ tax organizations and shaping relationships with tax authorities and their approaches to data, compliance, and enforcement.

Moderator:
Kirsten Wielobob, Principal, Tax Policy & Controversy, EY
Panelists:
Melissa Hall, Senior Vice President, Global Tax, Assurant
Martin Rabenort, Partner, Tax Management Consulting, Deloitte
Tim Wright, Staff Vice President Tax Planning & International Tax, FedEx

Looking beyond OECD Pillars 1 and 2

While country-by-country reporting and Pillars 1 & 2 have dominated tax news about the Organisation for Economic Development (OECD), the tax agenda at the OECD encompasses much more and a new set of priorities are on deck. We will explore these in a fireside chat with Pascal Saint-Amans, Centre for Tax Policy and Administration at the OECD.

Facilitated by Manal Corwin, Principal in Charge of Washington National Tax, KPMG LLP

Multilateralism: The New Mode

Over the last decade, the OECD has been leading efforts aimed at solving some of the thorniest global tax policy issues. While their Inclusive Framework (IF) membership of approximately 140 countries far exceeds their own 38 member countries, there are many countries not participating who will be impacted by the policies spawned by IF’s recommendations. To fill the gaps, the UN has also redoubled its efforts to establish global tax policy norms, and the IMF and World Bank also participate in both UN and OECD efforts. Is “magical thinking” – the idea that, at the end of it all, we will have a single set of workable rules that are uniformly applied regardless of jurisdiction – the glue that keeps all the stakeholders engaged? Inclusive policymaking is a laudable goal, but is it achievable given the many organizations that are involved, and stakeholders have competing priorities and views on how the rules should work? This session will explore the challenges and opportunities that multilateralism creates as related to the key objectives of fairness, administrability, and sovereignty.

Moderator:
Ross Kearney, Corporate Vice President, Tax, Raytheon Technologies
Panelists:
Cory Hillier, Senior Counsel (Tax Law), International Monetary Fund
Fabrizia Lapecorella, Chair, Committee on Fiscal Affairs, OECD; Director General of Finance, Italian Ministry of Economy and Finance
Ruth Mason, Edwin S. Cohen Distinguished Professor of Law and Taxation, University of Virginia School of Law
Loren Ponds, Member, Miller & Chevalier Chartered

Lunch and presentation of TCPI Pillar of Excellence Award

Award Recipient:
Barbara Angus, EY's Global Tax Policy Leader and former Chief Tax Counsel of the House Committee on Ways and Means

Tax transparency and governance in a new era of good business citizenship

While tax transparency and governance are not new concepts, it is clear that “environmental, social, and governance” (ESG) has recently elevated their importance for businesses. The S (social) of ESG is the force that pulls all the disparate ESG pieces into the larger focus of societal expectations on business behavior and economic contribution. Paying tax is now more than a cost of doing business – paying tax is a way companies demonstrate responsibility and sustainability, and thereby build back trust with all stakeholders (shareholders, customers, governments, etc.). This session will explore emerging ESG and tax transparency and governance initiatives, how they relate to each other and, in many instances, actually create opportunities for businesses.

Moderator:
Teri Wielenga, Vice President, Global Head of Tax Policy, Gilead Sciences, Inc.
Panelists:
Mindy Herzfeld, Professor of Tax Practice, University of Florida Levin College of Law
Will Morris, Deputy Global Tax Policy Leader, PwC
Christopher Rice, Vice President - Global Upstream Tax / Projects & Technology, Shell Oil Company

Tax at the OECD – A Deeper Dive

Dive a little deeper into the tax priorities at the OECD, including the implementation of Pillars 1 and 2, with Fabrizia Lapecorella, Chair of the OECD’s Committee on Fiscal Affairs.

Facilitated by Bob Stack, Managing Director, International Tax Group, Washington National Tax, Deloitte Tax LLP

Break

Pillars One and Two and the implications for the future of tax policy

When 136 of the 140 member countries of the OECD’s IF committed to Pillars 1 and 2 in the fall of 2021 it signaled dramatic reforms of global taxation to come. But much work remains. This panel will discuss the anticipated benefits and complications of these reforms and the behavioral changes they could prompt.

Moderator:
Moshe Spinowitz, Partner, Skadden
Panelist:
Barbara Angus, Global Tax Policy Leader, EY
Stewart Brant, Director, Global Tax Policy, PwC
Thomas Roesser, GM, Tax Policy Counsel, Microsoft
Louise Weingrod, Vice President, Global Taxation, Johnson & Johnson

ESG ratings and reference points for tax

Rating a company on their tax footprint is gaining popularity. Currently, several tax authorities, pension agencies, and rating agencies include aspects of tax in their ESG ratings. Join us for this mini-session with Ankit Sayani, MSCI's Executive Director and Head of Corporate ESG Models, where we will demystify these ratings and what public information influences them.

Conversation facilitated by James Gordon, Senior Manager, Deloitte

A Chief Tax Officer’s ESG toolbox

While many tax executives are poised to contribute to ESG reporting initiatives at their companies, ESG reporting is in its infancy, particularly for US-based companies. We will hear from tax executives who are at the forefront of these initiatives and the tools and techniques (such as Tax Total Contribution reports) they use as they work with their ESG counterparts and communicate with stakeholders about tax.

Moderator:
Maria Minetti, Deputy Head of Tax, CBRE
Panelists:
Kirsten Nordlof, Vice President, Global Tax and Statutory Accounting, Uber
William Stack, Senior Director, Public Affairs, Gilead Sciences, Inc.

Networking Reception

Continental breakfast

Welcome Back

The US Treasury POV

In this fireside chat, Lily Batchelder, US Treasury's Assistant Secretary for Tax Policy, will join us to discuss the US Treasury’s tax policy priorities. What might come next as tax plays its role in stabilizing and growing the US economy? How will Treasury synthesize the demands of the global tax community into a US tax policy that will help stabilize global tax systems without sacrificing US policy goals?

Chat facilitated by John Gimigliano, Principal-in-Charge, Federal Tax Legislative and Regulatory Services, Washington National Tax, KPMG

US Tax Policy Developments (congressional and regulatory)

This session will explore the latest legislative and regulatory developments with regard to US tax legislation. We will discuss the journey from legislation to regulatory guidance and near-term priorities with key players from the Hill and Treasury.

Moderator:
Victoria Glover, Partner, Tax Policy and Pass through Groups, Washington National Tax, Deloitte Tax LLP
Panelists:
Beth Bell, Staff Director, Subcommittee on Select Revenue Measures, House Committee on Ways and Means
Courtney Connell, Senior Tax Counsel, Senate Finance Committee
Jonathan Goldman, Senior Tax Counsel, International & Corporate, Senate Finance Committee
Jose Murillo, Deputy Assistant Secretary for International Tax Affairs, Office of Tax Policy, U.S. Department of the Treasury
Derek Theurer, Chief Tax Counsel – Minority, House Committee on Ways and Means
Tom West, Deputy Assistant Secretary for Domestic Business Tax, Office of Tax Policy, U.S. Department of the Treasury

The IRS POV

In this fireside chat with Deputy Commissioner Doug O’Donnell, we will explore IRS priorities including the future use of technology and data, changes in enforcement, and upcoming guidance.

Facilitated by Rose Sereti, National Competency Leader -Tax Controversy Services, Deloitte Tax LLP

Break

The future of US tax policy and the forces that will shape it

This panel will explore revenue raisers, both current and recent, the US appetite for those not yet adopted, and how these policies might be impacted by or influence the global tax dialogue. It will also explore the tensions created for policymakers and C-suite decisionmakers in an increasingly politicized and transparent corporate tax environment.

Moderator:
Paul Nolan, Tax, Government Affairs and Strategic Real Estate, McCormick & Company, Inc.
Panelists:
Victor Fleischer, Professor of Law, University of California, Irvine
Jeri K. Seidman, Associate Professor of Commerce, University of Virginia McIntire School of Commerce
Martin Sullivan, Chief Economist, Tax Analysts

Managing stakeholder expectations while the tax dust settles

Tax executives and tax departments have become adept at managing and adapting to the near constant challenge of seismic business, economic, and social changes. This session will explore how tax executives are anticipating and meeting the latest wave of challenges while evolving the nature of their relationships with key internal and external stakeholders.

Moderator:
Sharon Heck, Corporate Vice President Finance and Chief Tax Officer, Intel Corporation
Panelists:
Stephen Bonovich, Vice President, Tax, Agilent Technologies, Inc.
Mary Kim Elkins, Senior Vice President, Taxes, Eaton Corporation
Tadd Fowler, Senior Vice President – Treasurer and Global Tax Operations, Procter & Gamble
Mark Volpe, Senior Vice President, Tax, Regeneron

Closing remarks