Disruption and opportunity in the era of global tax transformation

Continental Breakfast and Registration

Welcome Remarks and Recognition of Symposium Mission

Opening Keynote Address

Keynote speaker: Chairman Kevin Brady, Committee on Ways and Means, U.S. House of Representatives

Planning amid the chaos: The C-suite’s perspective

Tax outcomes and risks have always been key considerations in business decision making. However, the current state of global tax uncertainty, coupled with the pace of disruption, makes it increasingly important to understand and anticipate the potential tax impact of strategic business decisions. In this panel, we will explore how the C-suie is teaming with tax to:
• Report the impact of tax uncertainty to the CEO and board
• Redefine how tax is factored into key capital allocation decisions
• Translate organization-wide and marketplace demands into tax priorities

Moderator:
Sanford A. Cockrell III, Global CFO Program Leader, Deloitte Touche Tohmatsu Limited
Panelist:
James Reagan, Chief Financial Officer, Leidos
Peggy Smyth, Chief Financial Officer, National Grid
Bruce Zimmerman, Former CEO and Chief Investment Officer, University of Texas Investment Management Company

Tax disruption: Adjusting to the shifting transfer pricing landscape

Post-BEPS, the required analyses and effort for transfer pricing have become significantly more complicated. This panel will examine and debate areas in which simplified methods or safe harbors might be beneficial, the trade-offs that would be required to potentially ease some compliance and examination burdens, and the perceived appetite for these initiatives. The panel will describe the ongoing work at the OECD with respect to profit splits and the attribution of profits to permanent establishments.

Moderator:
David Noren, Partner, McDermott Will & Emery
Panelists:
Katherine Amos, Senior Director, Global Transfer Pricing, Johnson & Johnson
Lindsey Falkingham, Global Taxes – Transfer Pricing, Procter & Gamble
Michael McDonald, Executive Director, Transfer Pricing Services, National Tax Department, EY

Fireside chat with Gary Cohn, Director, National Economic Council

Moderator:
Jonathan Traub, Principal in Charge, Tax Policy Group – Washington National Tax, Deloitte Tax LLP

Break

Tax disruption: Global examination and enforcement risk

While tax lawmakers and regulators have been focusing on changing the rules that govern taxation, tax administrations have been rapidly adapting to the new dynamic environment. Taxpayers now confront increasing demands for information and increasingly aggressive tax audits around the world, often in challenging environments. Tax administrations not only have access to information provided by taxpayers, but are actively exchanging information with other tax authorities. The landscape is likely to become even more uncertain with new rules such as the “principal purpose test” and new permanent establishment rules in the recently signed “multilateral instrument.” At the same time, tax administrations are actively exploring new approaches to cooperative compliance with taxpayers. This panel will explore:
• Global trends in examination and enforcement requirements
• The new challenges they are creating for tax departments
• Innovative approaches for avoiding and resolving tax disputes

Moderator:
Michael Danilack, Principal, Washington National Tax Services, PwC
Panelists:
Ted Gallivan, Assistant Commissioner, International, Large Business and Investigations Branch, Canada Revenue Agency
Josef Hajek, Senior Vice President, Tax and Government Affairs, Tupperware Brands Corporation
Douglas O’Donnell, Commissioner, Large Business & International (LB&I) Division, IRS
Amy Roberti, Director, Global Tax & Fiscal Policy, Procter & Gamble

Luncheon and Pillar of Excellence Award presentation

Award recipient: Mark Prater, Deputy Staff Director and Chief Tax Counsel – Republican, Senate Finance Committee

Tax reform: Where are we now?

In this session, we will examine the final enacted legislation and how we got there, discuss the key areas of potential impact, and exchange insights on possible paths for moving forward in the new tax landscape.

Moderator:
Jonathan Traub, Principal in Charge, Tax Policy Group – Washington National Tax, Deloitte Tax LLP
Panelists:
Barbara Angus, Chief Tax Counsel - Republican, House Committee on Ways and Means
Kara Getz, Chief Tax Counsel – Democrat, House Committee on Ways and Means
Mark Prater, Deputy Staff Director and Chief Tax Counsel – Republican, Senate Finance Committee
Tiffany Smith, Chief Tax Counsel – Democrat, Senate Finance Committee

Tax disruption: Changes in the global legal landscape

Tax disruption: Changes in the global legal landscape
Tax authorities worldwide have been examining and adjusting their regimes to achieve base broadening while responding to shifts in the global business environment that are challenging traditional international tax norms. This panel will explore:
• The most significant recent changes
• Changes on the horizon – including OECD-, EU-, and jurisdiction-led initiatives
• The impact of these developments on businesses

Moderator:
Robert Stack, Managing Director, International Tax Group – Washington National Tax, Deloitte Tax LLP
Panelists:
Chip Harter, Deputy Assistant Secretary (International Tax Affairs), U.S. Department of the Treasury
Martin Kreienbaum, Chair, Committee on Fiscal Affairs, OECD
Katie Lodato, Vice President – Global Tax, Eli Lilly and Company
William Morris, Chair, Taxation Committee, Business at OECD (BIAC)

Break

How disruption can make us better: Embracing change to reinvent the tax department

Meaningful change and innovation are fostered by the inclusive cultures of world-class organizations that go far beyond diversity statistics. The confluence of business, technology, cultural, generational, and tax disruptions demand a new approach to tax department hiring and retention – one that is focused on fostering an inclusive work culture. We will explore how to approach these reinvention challenges, including:
• How inclusion goes beyond diversity to harness all types of differences
• What the future work of the tax department will be
• The right composition of the tax department (technology vs. tax technical)
• Non-traditional skills on tax executives’ wish lists – and why
• Leading practices to transition in new hires while creating a satisfying and safe environment for existing team members
• Sponsorship activities that can enable individual success and break down the unconscious biases that may otherwise hold talented team members back

Moderator:
Patricia Sweeney, Member, Miller & Chevalier Chartered
Panelists:
Melissa Hall, Senior Vice President, Tax, Assurant Inc.
Tricia McGrath, Recruiter – Tax and Finance, Google
Stephen Metoyer, Principal and Diversity Leader, Deloitte Tax LLP

Networking Reception

Continental Breakfast

The economic realities of tax reform and its impact

This panel will examine the revenue, distributional, macro-economic, and sectoral economic consequences of the current tax reform and other proposals based on the CBO, JCT, NEC, and outside analyses.

Moderator:
Hank Gutman, Of Counsel, Ivins, Phillips & Barker
Panelists:
Jason Furman, Professor of the Practice of Economic Policy, Harvard Kennedy School
Drew Lyon, Principal and National Economics and Statistics Leader, PwC
Martin Sullivan, Chief Economist, Tax Analysts

Tax reform: Domestic tax provisions and possible consequences for businesses

This panel will explore how the recently enacted tax legislation could dramatically change the tax position of US-based and inbound businesses and underlying investment decisions, including:
• Practical implications of tax reform on US business activities
• Potential intended and unintended consequences for different industries and business structures – corporations and pass-through entities
• Capital market reactions and possible implications for the M&A market

Moderator:
Ray Beeman, Co-leader, Washington Council EY
Panelists:
Kevin Conway, Senior Vice President, Tax, AmerisourceBergen Corporation
William Dixon, Managing Director, Citigroup Global Markets Inc.
Mary Duffy, Managing Director, Andersen Tax
Sally Stiles, Chief Tax Officer, Caterpillar Inc.

Break

One-on-one with Dr. Kevin Hassett, Chairman, Council of Economic Advisers

Moderator:
Constance Hunter, Chief Economist, KPMG LLP

Raffle drawing

Tax reform: International tax provisions and possible consequences for businesses

This panel will explore those US cross-border tax reform provisions that mark the sharpest departure from current law approaches. It will examine how these changes will influence the behavior of both US and non-US multinationals with particular emphasis on the challenges and opportunities these may create, including their potential impact on:
• The location of business activities by US multinationals, including the ownership of intangible property
• Financing of business activities
• International tax planning strategies generally
• Non-US-parented multinationals with US businesses

Moderator:
Harrison Cohen, Managing Partner, Deloitte Tax LLP
Panelists:
Ronald Dickel, Vice President, Global Tax, Intel Corporation
Kevin McWilliams, Vice President Tax, International Paper
Tony O'Donnell, Vice President, Tax, EMD Serono
Lisa Wadlin, Senior Vice President and Chief Tax Officer, Walmart

Tax reform: What’s next?

President Trump’s signature on a tax reform bill won’t be the end of efforts related to reform. Many constituents and lawmakers will be active in making fixes, providing clarity, and rolling back key provisions. In this panel, we will explore:
• The inevitable legislative gaps that lawmakers and regulators will have to identify and fill, and the options available for accomplishing these
• How federal tax reform may impact state budgets and affect state tax reform initiatives
• The promised and overdue restructuring of the IRS that leadership has penciled in for this spring, and how it will impact implementation of the new tax legislation

Moderator:
Armando Gomez, Partner, Skadden Arps Slate Meagher & Flom LLP
Panelists:
Madeleine Barber, Senior Vice President and Chief Tax Officer, CBRE
Jacqueline Crouse, Vice President, Tax, Amgen Inc.
Harley Duncan, Managing Director, State and Local Tax, KPMG LLP
Russell Sullivan, Partner, McGuireWoods

Closing remarks