Businesses face competing forces in the United States and globally. Government budgets – already weakened by the pandemic and war – face slowing economic growth, rising interest rates, growing healthcare costs, and unsustainable entitlement spending for aging populations. Trade and investment trends have shifted from globalization to a national or regional focus, as economic and national security concerns dominate discussion and companies consider reshoring or near-shoring some of their operations. Add to this concerns about rising economic immobility and a lack of understanding of corporate taxes, especially in the cross-border context, and it is not surprising to see a growing number of proposals aimed at greater transparency and higher taxes on business. In this environment, the development of sound and durable tax policy depends on mutual trust among policymakers, business, investors, and the public.
Join us at the 24th Annual Tax Policy & Practice Symposium as we examine the competing forces and the role of business in shaping the policy response to growing challenges. Over our two days together, leaders of the tax community will consider:
- The budget facts and options to bring spending and revenues into balance
- The role of income taxes and alternative tax bases in meeting governments’ revenue needs, and the political prospects for change
- The future of global tax policy whether implementation of the OECD’s two-pillar agreement fails or succeeds
- The implications of the increasing focus on ESG reporting and tax transparency
- Prospects for effectively channeling tax administration resources and promoting comprehensive cross-border dispute resolution for competing claims of jurisdiction to tax business profits
Early bird registration (register by COB Tuesday, April 11, 2023): $1,000
Regular registration (register after April 11, 2023): $1,250
Government employees and Academics (full-time faculty and students): $350
Learning objective – To examine the competing forces and the role of business in shaping the policy response to the growing challenges of slowing economic growth, rising interest rates, growing healthcare costs, and unsustainable entitlement spending for their aging populations.
Participation in the symposium will allow you the opportunity to receive continuing education credits. TCPI is registered with NASBA, and in accordance with its policies, up to 12 CPE credits can be earned. (NASBA Field of Study: TAXATION.)
TCPI will also apply for CLE accreditation from those states that require it, which participants list on their registration form. The total amount of earned CLE credits varies by states.
CPE: TBD credit hours (based on a 50-min per credit hour standard)
CLE: TBD credit hours (based on a 50-min per credit hour standard); TBD credit hours (based on a 60-min per credit hour standard)
The Tax Council Policy Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.nasbaregistry.org/.
7:15 AM - 8:00 AM
Continental Breakfast and Registration
8:00 AM - 8:15 AM
Welcome Remarks and Recognition of Symposium Mission
8:15 AM - 9:00 AM
The symposium will begin with a keynote address by World Bank Chief Economist Indermit Gill providing a global view of the world economy and what lies ahead, including the fiscal challenges governments and multilateral organizations face.
9:00 am - 9:30 AM
Current State of the Economy
Following the keynote address, a session led by TCPI Pillar of Excellence award winner Dr. Martin Sullivan will take a close look at the current state of the US economy, the federal budget, both spending categories and tax bases, as well as the economic and budgetary challenges ahead.
9:30 AM - 10:00 AM
Role of Fiscal & Monetary Policy in Addressing Economic Issues
Former Chairman of the White House Council of Economic Advisors, Prof. Jason Furman, and the Federal Reserve Bank of Chicago's EVP and Director of Research Anna Paulson will join us for a discussion of the roles and limitations of fiscal and monetary policy in addressing economic conditions, the speed with which their impact is felt, and interactions between the two, including the potential for duplication or inconsistent actions.
10:00 AM - 10:50 AM
Economics and Optimal Design of a Tax System
Economic principles support designing a tax system that fosters economic growth by minimizing market distortions and the impact on decisions to work, save, and invest. The US tax system relies heavily on income taxes, including the corporate income tax, which the OECD has characterized as the worst form of tax because of its adverse impact on economic growth, and little on consumption taxes, which are widely viewed as a more efficient form of taxation. In addition to raising revenue, tax systems serve many other purposes: redistributing income, incentivizing certain activities, and discouraging others. This session will explore the economic efficiency of the current US tax system and alternatives to it.
10:50 AM - 11:10 AM
11:10 AM - 11:40 AM
Fiscal Solutions & Available Tools
Economists and budget experts generally agree that the US fiscal trajectory is unsustainable and that some combination of spending cuts and revenue increases is inevitable. This session will provide an in-depth discussion of fiscal solutions and available tools to put the federal budget on a sustainable path.
11:40 AM - 12:30 PM
Addressing the Political Challenges Presented by the Policy Options
Among the challenges to a sustainable budget path are fundamental political disagreements about how revenues should be raised and from whom. Over time, the tax system has grown increasingly progressive with more individuals removed from the tax rolls altogether and the US Treasury relying on borrowing to meet funding needs. This session will discuss the political challenges to addressing our budgetary needs and how to build consensus for sound tax policy options.
12:30 PM - 2:00 PM
Luncheon and Presentation of TCPI Pillar of Excellence Award
2023 Pillar of Excellence Award Recipient: TBA
2:00 PM - 2:45 PM
Bridging the Trust Gap: Business, Policymakers, and the Public
In response to calls for greater transparency about environmental and sustainability risks, ESG reporting in one form or another is being more widely-adopted. This panel will consider whether ESG tax reporting can be used to inform the public, media, and policymakers, and whether greater transparency is a potential solution to bridging the trust gap. The CEO of the Global Reporting Initiative (GRI), Eelco van der Enden, will describe the work of GRI in setting uniform standards for business reporting, the uses of the GRI standards, and their future.
2:45 PM - 3:35 PM
ESG Reporting: Tax Transparency Options and Results
Whether attributed to ESG-related concerns, tax administration, or simply providing investors with better information, all roads seem to lead to greater transparency with respect to taxes paid by business with a focus on income or profits taxes. Missing from the picture is the role of business beyond income tax in paying, collecting, and reporting taxes and related information to governments at all levels. This panel of tax professionals will discuss their experiences with addressing tax transparency-related measures in recent years and how that may inform their approach to what is on the horizon.
3:35 PM - 4:05 PM
4:05 PM - 5:05 PM
Building a Better Mousetrap: Future of Cross-Border Dispute Resolution
Despite the promise of more effective and efficient intergovernmental dispute resolution, intractable cross-border disputes are on the rise. The “certainty” promised by the OECD is highly restricted and turns on a cumbersome procedure. This session will consider what would make for an effective cross-border dispute resolution system and what business can do to respond to the increased risk of competing claims of jurisdiction to tax cross-border profits.
5:05 PM - 6:00 PM
How Will Increased Funds for Tax Administration Be Used & What Will They Yield?
The Biden Administration called for significant increases in IRS funding and Congress delivered $80 billion in the Inflation Reduction Act to be used for a variety of purposes including enforcement, operations support, business systems modernization and taxpayer services. This panel of current and former government and private sector professionals will explore the associated Treasury and IRS operational plan that (by the time of this panel) will have been submitted to Congress and share their views both on its expected impact as well as additional items not included in the plan that may warrant consideration.
6:00 PM - 7:00 PM
7:30 AM - 8:00 AM
8:00 AM - 8:10 AM
8:10 AM - 8:35 AM
Opening Day 2 (interview)
8:35 AM - 9:35 AM
Future of Global Tax Policy: Pillars One and Two - From Agreement to Implementation?
With the EU’s passage of a Pillar Two Directive and more countries expected to follow suit in 2023, expectations are high that Pillar Two soon will be implemented by a critical mass of governments. While the likelihood of a multilateral approach to Pillar One is much less certain, that means a risk of the return of DSTs and other unilateral measures. That also means a heightened expectation that aspects of Pillar One will find their way on a unilateral basis into some local countries' tax laws or enforcement efforts. This panel will explore some of the unanswered questions and practical implications associated with the implementation of Pillars One and Two.
9:35 AM - 10:35 AM
Change is Inevitable: What Will Follow Pillars One and Two?
In a rapidly evolving business and economic environment and with some governments already expressing dissatisfaction with the details of Pillar One and Two, the OECD agreement may have a short shelf life. This session will explore what may come next as governments face continued and growing political, economic, and budgetary challenges that may require additional revenue.
10:35 AM - 10:55 AM
10:55 AM - 11:55 AM
What’s the Likely Future of US Tax Policy?
This session will consider what recent legislative, administrative, and judicial developments may suggest about the future of US tax policy. Topics will include recent guidance implementing the book minimum tax and other 2022 legislation, tax proposals in the Biden administration’s FY 2024 budget, whether use of financial statements in the book minimum tax and OECD Pillar One and Two agreement portend a shift in tax policy design, and the impact of myriad expiring provisions in 2025.
11:55 AM - 12:50 PM
Bringing It All Together: Managing Tax in the Current Global Environment
A panel of Tax VPs will discuss key takeaways and the impact on their business as well as steps to develop and carry forward a constructive business agenda.
12:50 PM - 1:00 PM
Indermit Gill ** KEYNOTE SPEAKER **
Urvi Doshi Sood
Eelco van der Enden
PwC *2023 TCPI Symposium Program Manager*
PwC *2023 TCPI Symposium Program Manager*
Agilent Technologies, Inc.
American Tower Corporation
The Boeing Company
Brownstein Hyatt Farber & Schreck
Eli Lilly and Company
Exxon Mobil Corporation
Ford Motor Company
Gilead Sciences, Inc.
Ivins, Phillips & Barker
Johnson & Johnson
Lockheed Martin Corporation
McCormick & Company, Inc.
McDermott Will & Emery
Miller & Chevalier
Procter & Gamble
Skadden Arps Slate Meagher & Flom
Steptoe & Johnson
The Carlyle Group
The Walt Disney Company
The Ritz-Carlton Washington DC
1150 22nd Street NW
Washington, DC 20036
+1 202 835 0500
$419 per night plus tax and fee
Only Symposium attendees are allowed to use our block. If we see your name in our room block, we will consider you as a registered attendee and payment will be requested.
Rooms reserved without a processed registration will be cancelled in order to ensure space for confirmed participants.
Reservation Method (choose one):
- Call 202-835-0500 or 800-558-9444 and reference “2023 TCPI Symposium”
- Reserve online
All reservations should be received by no later than Thursday, April 13, 2023. After this date, room availability and pricing cannot be guaranteed.
** There is a limited number of rooms available three days prior to and three days after the conference dates. If you would like to add to your stay, please contact Marcia Gomes at Marcia.Gomes@ritzcarlton.com.
Check-in and Check-out
- Check in: 4:00 PM
- Check out: 11:00 AM
Room Cancellation Policy:
72 hours prior to arrival
Who should attend?
The program is designed for CFOs, VPs of Tax, VPs of Finance, corporate tax directors, government tax professionals, tax counsels, attorneys, and managers. The method of delivery will be group-live at an intermediate to advanced level. Participants should possess an advanced knowledge of tax policy and practice.
Does the registration cost include hotel reservation?
No. You must make your own hotel reservation. A limited number of rooms has been put on hold at The Ritz-Carlton Washington DC (1150 22nd Street NW) for the evenings of May 10th and 11th for $419 per night (plus tax and fees). Check out the "Hotel" section for additional information.
Can I obtain continuing education credits (CLE or CPE) by attending this conference?
Participation in the Symposium will allow you the opportunity to receive continuing education credits. TCPI is registered with NASBA, and in accordance with its policies, up to 12 CPE credits can be earned. (NASBA Field of Study: TAXATION.) TCPI will also apply for CLE accreditation post-conference from those states that require it, which participants list on their registration forms. The total amount of earned CLE credits varies by states.
How do I become an exhibitor?
To obtain a copy of the exhibitor prospectus, which includes the pricing and benefits of becoming an exhibitor, please email us at email@example.com. Note that spots are limited and we do sell out!
Should I bring a laptop/tablet to this conference?
YES, especially for those seeking continuing education (CE) credits. YOU MUST ANSWER ALL POLLING QUESTIONS IN ORDER TO EARN CE CREDITS. An event app will be available for the use of registered attendees. Submitting questions for speakers, tracking of attendance for CE accreditation, participating in polling questions, accessing conference documents (presentations and articles) and many functions will be conducted through the event app. There will be wifi and writing surface available in the conference room.
What is the cancellation and refund policy?
Fees are refundable, less a $150 processing fee, if written notice is received by TCPI prior to COB Tuesday, April 11, 2023. There will be no refunds after April 11, 2023; however, a substitute for the original registrant will be accepted. For more information regarding registration, refund, complaint, and/or program cancellation policies, please call TCPI at (202) 822-8062 or email firstname.lastname@example.org.