Tax in a Time of Global Disruption: The Future Accelerated & Transformed

Welcome Remarks and Recognition of Symposium Mission

Corporate Keynote Session

Joshua Bolten, President & CEO, Business Roundtable
Mark Weinberger, former Global Chairman & CEO, EY

Moderated by:
Barbara Angus, Global Tax Policy Leader, EY

Break

The Fiscal and Economic Outlook and The Role of Deficits – Will the headlines be “Incrementalism After the Vaccine,” “Modern Monetary Theory Writ Large” or “The Return of the Deficit Hawks?”

The federal government’s fiscal outlook has been greatly impacted by COVID-19, with a significant increase in federal government debt and a more expansive role by the Federal Reserve. President-elect Biden has proposed significant increases in federal spending and taxes. This panel will discuss economic trends, the fiscal outlook, and the role of the federal government deficit and debt, including an exploration of Modern Monetary Theory.

Moderator:
Paul Nolan, Vice President, Tax & Government Affairs, McCormick & Company, Inc.

Panelists:
Diane Lim, Adjunct Professor, George Washington University
Jon Traub, Managing Principal, Tax Policy Group, Washington National Tax, Deloitte Tax LLP
L. Randall Wray, Senior Scholar, Levy Economics Institute and Professor of Economics, Bard College

Breakout roundtable discussions on navigating transformational changes in the global business environment

Changing Global Business Models and “Made in America” Initiatives

Hear tax executives and trade experts discuss how tax, trade, and other policies weigh into supply chain determinations and global business models. The panel will also discuss how pivots from pre-pandemic to the pandemic are impacting decision making for 2021 and beyond. Panelists will debate how tax and trade policies may change with the elections, including a discussion on “Made in America” initiatives, with a focus on how these potential future policy changes will impact supply chains and how any resulting alterations to supply chains will be implemented.

Moderator:
Tadd Fowler, Vice President – Treasury, Assistant Treasurer, and Global Tax Operations, Procter & Gamble

Panelists:
Douglas Bell, Global Trade Policy Leader, EY
Jeffrey Gerrish, Partner, CFIUS and Foreign Investment Reviews; National Security; International Trade, Skadden Arps Slate Meagher & Flom LLP
Hemal Shah, Director, Public Policy – International Trade and Intellectual Property, Gilead Sciences, Inc.
Teri Wielenga, Vice President, Head of Global Tax, Gilead Sciences, Inc.

Break

Global Tax Policy: Evolution, Revolution or Chaos

Much has changed since the OECD launched its original base erosion and profit shifting project back in 2013. As the OECD, UN, EU and individual countries consider fundamental changes to the international tax architecture, multinationals must navigate an increasingly complex environment of uncoordinated measures. Hear how companies are managing this uncertainty and the steps they are taking to anticipate and prepare for potential global tax policy transformation.

Moderator:
Rebecca Burch, Managing Director, EY

Panelists:
Tim Berger, Executive Vice President – Global Tax, Mastercard
Francois Chadwick, Vice President, Tax & Accounting, Uber
Loren Ponds, Member, Miller & Chevalier Chartered
Tom Roesser, GM and Tax Policy Counsel, Microsoft

Day One Closing / Preview of Day Two

Welcome Back

IRS Interview

Discussion with Douglas O'Donnell, IRS's Large Business and International (LB&I) Division Commissioner

Facilitated by Kirsten Wielobob, a Principal in EY's Tax Policy and Controversy practice and former Deputy Commissioner for Services and Enforcement, IRS

Tax Administration in the Digital Age – Sync or Swim?

Tax administrations around the world are increasingly going digital. At the same time, taxpayers have increased their use of technology. Panelists will discuss the experience to date with digital developments in tax, what they see coming next, and the extent to which tax administration and taxpayer approaches to digitalization sync up or are destined to collide.

Moderator:
Heather Harman, Managing Director, Andersen

Panelists:
Nikki Flom, Tax Director, Facebook
Adrian Guarneros, Tax Technology Transformation (TT) Leader for Mexico and Colombia, EY
Ron Lang, Chief Tax Officer, Ford Motor Company
Maria Minetti, Head of Global Tax Planning, CBRE

Break

Changing Workforce Dynamics – Challenges and Opportunities

The COVID-19 pandemic has not only fundamentally changed our lives and the economy, but how companies conduct business. This session will focus on changing workforce dynamics and how companies are adapting to work-from-home protocols that are increasingly looking like the new normal. Please join this diverse panel for a discussion of how companies are approaching this changing environment, adjusting their internal policies and practices, and planning to navigate an uncertain future. The panel will also discuss what risks, requirements, and considerations are at play for remote workforces, and what tax policy changes should be considered both state-to-state and internationally.

Moderator:
Rachel D’Argenio, Mobility Market Leader, EY

Panelists:
Katie Lodato, Vice President, Global Tax, Eli Lilly and Company
Chris Miller, Senior Vice President, Tax, T-Mobile US, Inc.
Urvi Doshi Sood, Vice President, Taxes & General Tax Counsel, Lockheed Martin Corporation
Lisa Wadlin, Vice President, Global Tax, Netflix

Breakout roundtable discussions on the new responsibilities, challenges, and opportunities facing tax departments today

Leading the Tax Function Through the Many Dimensions of Change

The pandemic has added new challenges to changes that heads of tax already were confronting in managing their tax functions. This panel will explore navigating an environment in which the necessary skills for a tax function and the workplace itself are rapidly shifting, tax policy is anything but stable, and the very nature of a company’s tax function is being reimagined. The panel also will examine how these changes affect the ways that heads of tax identify and engage with stakeholders in all directions – up, down and laterally.

Moderator:
David Helmer, Partner, Global Tax and Finance Operate Leader, EY

Panelists:
Jackie Crouse, Vice President, Tax, Amgen Inc.
Melissa Hall, Senior Vice President – Tax, Assurant Inc.
Sharon Heck, Corporate Vice President Finance and Chief Tax Officer, Intel Corporation

Day Two Closing / Preview of Day Three

Wellness Break

Many of us may have begun to explore ways to enhance our overall quality of life during these challenging times. TCPI Board Chair Sharon Heck has increased her practice of mindfulness over the past year and is graciously sharing with all TCPI attendees a self-care session with her mindfulness coach: Bryony Pullin, LMT, CYT (for more information on Bryony’s work, visit her website: www.moving-into-balance.com).

We invite you to join her for 25 minutes of self-care with a focus on ‘leading authentically’. Bryony will lead us in a reflection (5 mins), light stretching (10 mins) and meditation (10 mins). We hope you will stay with us and think you will enjoy the session.

Making time to take care of yourself is an important investment in you!

Welcome Back

Keynote Address

The Honorable Richard E. Neal (D-MA), Chairman, House Committee on Ways and Means

Break

New Revenue Sources Aligned with New Policy Priorities

Increasing federal spending, rising federal debt, and possible shifts in domestic policy all are likely to put additional pressure on the federal government’s fisc. This panel will discuss possible additional revenue sources – both big and small – in the context of various policy objectives such as addressing income and wealth inequality, climate change, and competitiveness and trade policy.

Moderator:
Ross Kearney, Corporate Vice President, Tax, Raytheon Technologies Corporation

Panelists:
George Callas, Managing Director, Government Affairs & Public Policy, Steptoe & Johnson
Robert Carroll, Co-Director, Quantitative Economics and Statistics Group (QUEST), EY
Bert Lue, Economist, Joint Committee on Taxation
Karl Russo, Director, National Economics and Statistics, PwC

Breakout roundtable discussions on the tax policy developments on your radar screen for 2021 and beyond

Tax and Social Responsibility – Bedfellows for a New Era

Environmental, social and corporate governance (ESG) matters have recently moved to the center of the public company agenda and routinely now include a focus on tax. Join us for a discussion with Tax VPs and an ESG officer about how companies are evaluating these evolving developments and aligning the tax element of their public profiles.

Moderator:
John Gimigliano, Principal-in-Charge, Federal Tax Legislative and Regulatory Services, KPMG

Panelists:
Monica Neufang, Vice President, Enterprise Governance and Policy, Johnson & Johnson
Shannon Stafford, Managing Director - Tax, The Carlyle Group
Stef van Weeghel, Global Tax Policy Leader, PwC
Louise Weingrod, Vice President, Global Taxation, Johnson & Johnson

Break

The Path Forward - Embracing the Opportunities

The events of the past year have brought dramatic change affecting all aspects of tax. With transformational change come opportunities to refocus, realign, and reprioritize. This panel of experts will look at the tax and economic agenda of the new US administration and the role it will play in the global tax dialogue. Panelists will share their perspectives on how the tax community can work together to help shape the future for 2021 and beyond.

Moderator:
Sarah McGill, Senior Vice President, Tax, PepsiCo, Inc.

Panelists:
Manal Corwin, National Services Line Leader for International Tax, and Principal-in-Charge of Washington National Tax – International Tax Policy, KPMG
Michael Mundaca, US National Tax Department Leader, EY
Bob Stack, Managing Director, International Tax Group, Washington National Tax, Deloitte Tax LLP

Closing Remarks