Printer Friendly

Midyear conference: will 2012 set the table for U.S. tax reform?

TEI President David M. Penney announced the opening of registration for TEI's 2012 Midyear Conference with the observation that, "Election-year rhetoric is often dismissed as 'sound and fury signifying nothing,' but the looming expiration of the 2001 and 2003 tax cuts, the automatic budget sequestrations set for January 1, 2013, and the perennial battle over tax extender legislation for the R&E credit and AMT relief make the coming year one of the most portentous for a tax policy debate since 1985." And that's just on the U.S. federal tax policy side. "State and foreign governments" he added, "are themselves ratcheting up the pressure on business taxes as they deal with austerity measures and debt problems."

Participants in the TEI conference, which convenes at the Grand Hyatt Washington in Washington, D.C., on March 25, 2012, will hear from distinguished panelists about competing visions and proposals for a U.S. corporate tax overhaul and how they clash with budget realities, entitlements, and slow economic growth. In addition to addressing the prospects for tax reform (including the financial reporting implications of a territorial tax system), the conference will cover state and local aspects of cloud computing, the IRS's new transfer pricing operations, and developing a world-class tax department.

The Honorable William J. Wilkins, IRS Chief Counsel, will be one of the conference's keynote speakers. He will be joined by Steven T. Miller, Deputy Commissioner (Services and Enforcement), who will address the group on Monday, March 26. In addition, in a first for a TEI conference, a representative of the United Nations (Michael Lennard) will participate. Other government speakers are not yet confirmed, but Scott Dinwiddie, Special Counsel to Associate Chief Counsel for Income Tax and Accounting, is expected to participate and to report on the IRS's long-awaited "tangible regulations."

Other conference sessions will include:

* Key Financial Reporting Issues in Accounting for Income Taxes in Tax Controversies

* It's All in the Family: Federal Tax Considerations in Intra-group Restructuring

* Unwinding State Structures after FIN 48

* Financial Reporting Developments, including FIN 48 Post-Implementation Review

* Managing the Risks of a Mobile, Global Workforce

* Top 10 Partnership Tax Developments

* An Investor's View of Tax

* Cash Tax Savings--The Government Giveth and the Government Taketh Away: Credits and Incentives

* Transfer Pricing, Indirect Taxation, and Customs Duties: Interplay and Common Issues

* Getting the Best Value out of Appraisers and Other Experts

* Update on OECD and U.N. Tax Activities

* Transfer Pricing: Are the States Taking the Gloves Off?

The sessions will be led by top-notch tax professionals and tax executives.

The entertainment for Tuesday evening's banquet will be the comedy-musical troupe The Capitol Steps, who mine the headlines and bylines of the media for a lighter take on the news and newsmakers of the day. On Wednesday afternoon, registrants will be able to attend special sessions on corporate tax management topics, broken down by the size of the tax department.

"For more than 60 years," Mr. Penney remarked, "the Institute's annual spring conference has brought together the best and the brightest of in-house tax advisers, government officials, and practitioners to discuss critical business tax issues. This year promises to be one of the most auspicious ever--one that members will regret missing."

The preliminary program for the conference is posted on TEI's website at, where you can also register. Check the website for updates and additional program details. As with past programs, detailed information about securing a reservation in TEI's room block at the Grand Hyatt Washington will be sent in an email following registration.

Advocacy At A Glance

441 TEI Liaison Meeting with Canadian Department of Finance on Pending Income Tax Questions

447 TEI Liaison Meeting with tile Canadian Department of Finance and Canada Revenue Agency on Excise Tax Questions

453 TEI Liaison Meeting with Canada Revenue Agency on Income Tax Questions

461 British Columbia Provincial Sales Tax--Improvements
COPYRIGHT 2011 Tax Executives Institute, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Tax Executive
Article Type:Conference news
Date:Nov 1, 2011
Previous Article:TEI nominating committee meets; nominates slate of officers.
Next Article:TEI honors Ray Rossi and Phil Cohen: meritorious chapter and committee award recipients also recognized.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters