uscib oecd tax conference 2023

Ratzan joined other panelists from civil society to speak during the Opening Session of the Forum, Strengthening #Trust in #Science and #Technology. Plymouth, United States. That meeting, the Bretton Woods Conference, laid out a framework for global financial stability after World War II. This will directly support accelerated delivery of the SDGs in the region. USCIB was represented byRyan Larsen, senior director for International Labor Relations at Walmart & vice-chair of the USCIB Corporate Responsibility and Labor Affairs Committee (CRLA), taking part in the U.S. Cocktail Reception. This will directly support accelerated delivery of the SDGs in the region. When typing in this field, a list of search results will appear and be automatically updated as you type. Register here: https://bit.ly/422LuuV , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, ILO Adopts New International Labor Standard on Apprenticeships, USCIB Releases Pride Month Statement, Supporting Equality and Inclusion. Pillar One is intended to ensure a fairer distribution of profits and taxing rights among countries with respect to the largest MNEs through an innovative formulaic approach. Digitalization has led to significant changes in labor markets, with teleworking having expanded dramatically as a result of the pandemic and with new types of jobs that can be done anywhere increasing. On May 31, the OECD released a work program to develop proposals for allocating a company's profits among countries that re-balance source and residence taxation and also result in a global minimum amount tax paid on earnings. - highlight the role of business and employers' federations as key entities to be involved in enhancing the science, policy, business and society interface in Africa. Conferences in Michigan, USA in 2023 | Conference Locate (Clocate) The secretary-general says that pillar 2 can be improved to reduce wasteful tax incentives and encourage taxation in source countries through one main goal, which is to: Significantly increase the global minimum corporate income tax rate to be close to the statutory tax rates in most developing countries and give preference to source country taxation., While the U.N. welcomes a global minimum corporate income tax, it also believes that the minimum is likely to become a maximum due to tax competition.. This session will focus on the second pillar, which sets out the Global Anti-Base Erosion rules (GloBE) and the Subject to Tax Rule (STTR.) Over the course of the two-day conference, which took place at the Four Seasons Hotel, participants discussed tax policy trends, current tax reform, tax uncertainty, digitalization, increases in intangible assets, and dealing with tax-related disputes through arbitration. 2017_USCIB_OECD_TaxConference_signature | USCIB European lawmakers largely saw the events as an opportunity for a new kind of Bretton Woods agreement, a new global financial order.. Taxation appeared only briefly in that report. (Map below). The Power to Shape Policy. The Board is expected to enhance the value of the tax committee structure and to complement the ten-member Tax Leadership Team in insuring USCIB remains on the cutting edge of international tax policy advocacy and programming. It re-allocates taxing rights over 25% of the residual profit of the largest and most profitable MNEs to market jurisdictions (Amount A). U.N. Secretary-General Antnio Guterres is expected to release a much-anticipated report on international tax cooperation within a few weeks. USCIBs Tax Committee is the most respected U.S. business association on international tax issues. Copyright 2023 Surperformance. 11/07/2022 - Implementation of the international tax reform agreement to ensure multinational enterprises pay a fair share of tax wherever they operate is progressing, according to an OECD report delivered to G20 finance ministers and central bank governors ahead of their meeting in Indonesia later this week. The conference was the 14th annual gathering on global tax policy developments convened by USCIB, in cooperation with the OECD and its official private-sector advisory body, Business at OECD (also known as BIAC). Presentation by Rick Minor, USCIB. In the meantime, mark these dates on your calendar, start the travel planning and see you soon in Munich. Chemung County Torture-Murder Case; Local News; Regional News For anything else, please contact Katya Nicholas (knicholas@uscib.org). Please pick up a parking validation sticker at the registration table for each day of the conference. Cocktail Reception June 28, 2022 8:00 a.m. - 1:00 p.m. Previous. Permanent Establishments Issues Improved International Tax Cooperation OECD Treaty Developments OECD Guidelines for MNEs Taxation and Development For more information, please contact Erin Breitenbucher (202-682-7465 or ebreitenbucher@uscib.org ). Against this backdrop, the United States Council for International Business (USCIB) will host its latest annual conference on the broad overview of work and next steps, June 27-28, 2022 in Washington, D.C. The conference, held on March 11, included leading academics, lawyers, civil society and business representatives under the auspices of the Business at OECD (BIAC) team in addition to the government experts delegates in Paris for the OECD Investment Committee meetings. The Power to Shape Policy. "The scope could not be broader." Economist Ngozi Okonjo-Iweala G20 governments will review the OECD roadmap at a June meeting in Japan. The chapter made two main points. As the international tax community waits and speculates on what that report might say, the secretary-general recently offered a small hint. All rights reserved. USCIB is the only U.S. business association formally affiliated with the worlds three largest business organizations where we work with business leaders across the globe to extend our reach to influence policymakers in international markets that click here to learn more. The OECD Forum on Tax Administration continues to explore ways to increase tax certainty for taxpayers and tax administrations by making certainty available earlier, by making certainty processes more efficient, and by providing opportunities for certainty to be provided on a coordinated or multilateral basis. Against the backdrop of new global tax rules developed under the BEPS Action Plan and efforts to advance tax reform in the United States, USCIB members and others from the business community gathered in Washington, D.C. on Monday and Tuesday for the 12th annual OECD International Tax Conference. The Power to Expedite Trade. The Power to Expedite Trade. They also focused on transfer pricing as well as the OECDs new multilateral instrument, signed today in Paris. Wireless Internet: Wireless internet is available for conference attendees in the meeting room. It's about saying, essentially, the world has changed, and this system we're looking at needs to change with it.'. Tax Revenues under TCJA Have Met or Exceeded Historic Levels. Organized by USCIB in concert with the 35-nation Organization for Economic Cooperation and Development as well as Business at OECD (BIAC), the conference has grown into an annual must-attend event for tax practitioners, experts and regulators from around the world. Press Registration Open for OECD International Tax Conference ITC Munich 2023 is organized by ICC, Business at OECD, and BusinessEurope. At the time, French President Nicolas Sarkozy and U.K. Prime Minister Gordon Brown led the campaign for this international financial reform. For information on how you can become a sponsor, please contact Abby Shapiro (617-242-0205 or ashapiro@uscib.org), Vaccine Information, Communication, Engagement. Contact Norine Kennedy (nkennedy@uscib.org) for more details. This was the backdrop when more than 250 global tax professionals, government officials and other tax experts gathered in Washington, D.C. June 3-4 for USCIB's annual OECD International Tax Conference. At the same time, tax incentives to attract so-called digital nomads are being introduced. WHAT: Conference, "New OECD Initiatives in International Taxation: Looking Ahead" WHO: Eric Solomon, assistant secretary for tax policy, U.S. Department of Treasury Constance A. Morella, U.S . With an eye toward the direction of possible U.S. tax reform, including reduction of the top corporate tax rate from the current 35 percent, Pascal Saint-Amans, director of the OECDs Center for Tax Policy and Administration, told conference-goers that he expects most OECD economies to adopt corporate tax rates in the 20-30 percent range. Adam Ingle (LEGO), Nozha Boujemaa (IKEA), & Nuala O'Connor (Walmart). Digital Economy Architects to Keynote at Joint OECD - Benzinga Highlights and images for 26 June 2023 - enb.iisd.org By signing up you agree to receive content from us. USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Global companies are facing potentially seismic shifts in the taxation of their operations, with national tax authorities seeking to keep pace with a rapidly digitalizing business environment. It also could look like lobbying for further negotiations on the pillar 2 rule order. For example, in 2019 the Africa Group at the United Nations called for a U.N. convention on tax as an important tool for tackling illicit financial flows, and in February 2021 the U.N. High Level Panel on International Financial Accountability, Transparency and Integrity also suggested a U.N. tax convention in its final report. When:Conference opens Monday, June 27, 2022 at 8:30 a.m.Concludes Tuesday, June 28 at 1:05 p.m. Full agenda and registration at www.uscib.org/2022-oecd-tax-conference/. G20 governments will review the OECD roadmap at a June meeting in Japan. until we see each other in person at the Four Seasons in Washington, D.C. June 27, 2022 8:30 a.m. - 6:00 p.m. 6:00 - 7:30 p.m. This years conference theme was a Level Playing Field for Foreign Direct Investment. USCIB Vice President for Investment Policy Shaun Donnellyled the Business at OECD team, serving as a panelist during the discussion on addressing State-Owned-Enterprises (SOE) Investment Issues and again as the business representative on the final wrap-up panel. U.N. Revisits The International Tax Architecture - Forbes Welcome AddressGeorg Geberth, Director Global Tax Policy, Siemens, Opening SpeechesNils Weith, Head of Tax Department, German Ministry of FinanceAchim Pross, Deputy Director CTPA, OECDAlan McLean, Chair, Tax Committee, Business@OECD, Session 1 on International Tax Policy beyond 2023, Panel DiscussionGabriele Rautenstrauch, International Tax Partner, WTS Munich (Moderator)Achim Pross, Deputy Director, Center for Tax Policy and Administration, OECDNils Weith, Head of Tax Department, German Ministry of FinanceChristian Kaeser, Chair, Global ICC Taxation Commission; Global Head of Tax, SiemensAlan McLean, Chair, Tax Committee Business@OECDRick Minor, Vice President and International Tax Counsel, Session 2 on Transfer Pricing in a Modern Tax Environment, Panel DiscussionAchim Roeder, Transfer Pricing Partner, WTS Stuttgart (Moderator)Ingela Willfors, Director International Taxation, Swedish Ministry of FinanceBrigitte Baumgartner Garcia, Digital TP Advisor, AibidiaOliver Nussbaum, Global Head of Taxes and Duties, BASFCatherine Harlow, Head of Transfer Pricing, AstraZeneca, Session 3 on Pillar 2 Dispute Resolution and Simplification, Panel DiscussionDaniel Blchle, International Tax Partner, WTS Frankfurt (Moderator)Achim Pross, Deputy Director, Center for Tax Policy and Administration, OECDTania Saulnier, Deputy Tax Director, Mouvement des Enterprises de France, MedefChristian Kaeser, Chair, Global ICC Taxation Commission; Global Head of Tax, SiemensFabian Baumer, Vice-Director, Head of Tax Policy Division, Swiss Federal Tax AdministrationUwe Ihli, Head of Section Corporate Tax Directives, EU-Commission, Session 1 on Pillar 2 Legal and practical implementation issues, Panel DiscussionChristian Schiel, International Tax Partner, WTS Munich (Moderator)John Peterson, Adviser, Centre for Tax Policy and Administration, OECDThomas Quatrevalet, Deputy Group Head of Tax, Air LiquideTom Roesser, GM Tax Policy Counsel, MicrosoftFalk Thrmer, Head of International Tax and Transparency, AmanaMonika Wunnemann, Head of Tax Department, BDI, Session 2 on Data Management and Innovative Technologies, Panel DiscussionMichel Braun, Digital Tax Partner, WTS Dusseldorf (Moderator)Jochen Wurges, Digital Tax Partner, WTS Frankfurt (Moderator)Thomas Borchmann, Executive Partner, fwsbThomas Hoppe, Head of Indirect Taxes / Digitization, Schwarz-GroupOliver Nussbaum, Global Head of Taxes and Duties, BASFJens Schperclaus, Vice Chair, Institute for Digitalization of Tax LawGeorg Geberth, Director, Global Tax Policy, Siemens, Panel DiscussionAxel Nientimp, Transfer Pricing Partner, WTS Dusseldorf (Moderator)Sandra Knaepen, Acting Head of the Tax Treaty, TP & Financial Transactions DivisionReinhard Biebel, Head of Unit Corporate Tax Transparency, EU-CommissionAlessandro Bucchieri, Head of Tax Affairs, EnelSune Hein Bertelsen, Chair of Tax Policy Working Group, BusinessEuropeRick Minor, Vice President and International Tax Counsel, ConferenceCenter, House of Bavarian Businesses, Max-Joseph-Strae 5, 80333 Munich (Germany). Tax executives from major U.S. and foreign companies. The October Statement calls for MNES that are in-scope of Pillar One to benefit from dispute prevention and resolution mechanisms to avoid double taxation for Amount A, including all issues related to Amount A. In the pillar 2 blueprint the OECD stated that the application of the UTPR will likely have to be coordinated across jurisdictions to ensure that top-up taxes applied to a multinational do not exceed the amount necessary to reach the 15 percent minimum rate. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. One was that countries should not undermine the tax and regulatory stances of their peers. This will be the second Roundtable of a Business at OECD (BIAC) and The USCIB Foundation focused on data privacy for immersive technology and the metaverse. Once the Treaty enters into force, the withholding provisions would become effective for amounts paid or credited on or after the first day of the second . The choice between a poorer today and a hotter tomorrow ASNLAdvisory on Twitter: "The Global Conference on The Future of Sign up to get PRNs top stories and curated news delivered to your inbox weekly! "The Board is expected to enhance the value of the tax committee structure and to complement the ten-member Tax Leadership Team in insuring USCIB remains on the cutting edge of international tax . OECD: Tax transparency in Latin America 2023 - KPMG United States United States Council for International Business (USCIB) on - LinkedIn The conference will take place on Thursday, June 29 and Friday, June 30. International Tax Conference (ITC Munich 2023) . Hundreds of policymakers, business executives, OECD officials and tax professionals gathered at the Four Seasons Hotel in Washington, D.C. on June 6 and 7 for USCIB's flagship OECD International Tax Conference. AICPA & CIMA National Tax & Sophisticated Tax Conference This panel will discuss the challenges and opportunities in designing rules to prevent disputes and ensure timely resolution of disputes under each of the Pillars. OECD Centre for Tax Policy and Administration (CTPA) 2, rue Andr Pascal 75016 Paris Dear Pascal: The United States Council for International Business ("USCIB") welcomes the opportunity to provide comments on the Public discussion draft related to the Interpretation and Application of Article 5 Substitutions must be requested, in writing, no later than Friday, June 10. Harris Horowitz, Managing Director, Global Head of Tax Policy & Innovation, BlackRock, Inc. Louise Weingrod, Vice President, Global Taxation, Johnson & Johnson, Mary Bennett, Senior Counsel, Baker & McKenzie, Tom Roesser, GM, Tax Policy Counsel, Microsoft, John Hughes, Director of Field Operations, Northeastern Compliance Practice Area (Mid-Atlantic) (LB&I), IRS, Mark Martin, Principal, Washington National Tax, KPMG, Sonja Schiller, Head of Global Tax Controversy, Netflix. If the OECD's pillar 1 multilateral convention (MLC) is not in effect by that date, members of the OECD inclusive framework will be free to impose new digital services taxes, ending their. Contact Norine Kennedy (nkennedy@uscib.org) for more details. For example, the World Bank and IMF each have about 190 members, more than quadruple the number of countries involved in Bretton Woods. This button displays the currently selected search type. Press Registration Open for OECD International Tax Conference Please enter a search term. Rooms reserved without a processed registration will be cancelled in order to ensure space for confirmed participants. Its not too early to mark your calendars for next years OECD International Tax Conference, which will take place June 1-2 in Washington, D.C. VP and International Tax CounselTel: 202.682.7376, USCIB President and CEO Peter Robinson traveled to Paris earlier this month for the Business[], USCIBs advocacy on international tax policy was referenced in a recent Bloomberg article titled, US[], New York, N.Y., June 09, 2023On June 8, OECD governments adopted the revised Guidelines for[], The OECD Ministerial Council is taking place June 7-8 under the theme, Securing a Resilient[], USCIB President and CEO Peter Robinson joined Business at OECD (BIAC) Chair and USCIB Vice[], United States Council for International Business. On the issue of information exchange, the brief calls on the international community to create mechanisms that would automatically provide banking and financial account information to developing countries on a nonreciprocal basis until they can exchange information reciprocally. The brief doesnt elaborate on what it means to prioritize source country taxation rights under pillar 2, but this will be an important area to watch. The agreement needs to give first priority to source country taxation and include stronger rules to eliminate tax base erosion, the brief says. Contact Norine Kennedy (nkennedy@uscib.org) for more details. Moody's - Global Outlook and Risks May 20, 2022. This exchange will be led by the BIAC China Expert Group, which contributes expert guidance to OECD-China cooperation, as well as the overall [], Join us for a roundtable during the UN High Level Political Forum (HLPF) on collaborative partnerships advancing SDG9 ( Industry, Infrastructure, and Innovation) On July 12, governments from all over the world gather at HLPF to review SDG 9 implementation, in which business plays an essential role. WASHINGTON, June 15, 2022 /PRNewswire/ --, Media Advisory: Conference to Provide Window on OECD's Tax Work, Dateline: Washington, D.C., June 27-28, 2022, What: 15th Annual OECD International Tax Conference, Who:Pascal Saint-Amans, Director, OECD Center for Tax Policy and AdministrationPeter Robinson, President and CEO, U.S. Council for International Business (USCIB)Fabrizia Lapecorella, Chair, OECD Committee on Fiscal Affairs; Director General of Finance, Ministry of Finance ItalyGrace Perez-Navarro Deputy Director, Centre for Tax Policy and Administration, OECDMartin Kreienbaum Director General, International Taxation, Federal Ministry of Finance, GermanyItai Grinberg Deputy Assistant Secretary (International Tax Affairs), U.S. TreasuryMike Williams Director, Business and International Tax, HM Treasury, United KingdomGael Perraud CoChair, OECD Task Force on the Digital Economy; Director of International Taxation and European Affairs, Ministry of Economy and Finance, FranceAchim Pross Head of International Cooperation and Tax Administration Division, Centre for Tax Policy and Administration, OECDAlan McLean Chairperson, Business at OECD Committee on Taxation and Fiscal Affairs and Executive Vice President, Tax and Controller, Shell International LimitedTim McDonald Chairperson, USCIB Tax Committee and Senior Vice President, Finance & Accounting, Global Taxes, The Procter & Gamble CompanyLouise Weingrod Vice Chairperson, USCIB Tax Committee and Vice President, Global Taxation, Johnson & Johnson.
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