Experts Discuss Ramifications of OECD Transfer Pricing Developments and Proposals for the Taxation of Intangibles

ARLINGTON, Va., Sept. 30 /PRNewswire-USNewswire/ -- The Organization for Economic Cooperation and Development (OECD) recently updated a set of guidelines that profoundly impacts the way multinational corporations will be conducting their transfer pricing analysis in the future. On October 13, government leaders from the U.S. and Canada will join a team of economists and tax experts in a BNA webinar on OECD Transfer Pricing Developments and Proposals for the Taxation of Intangibles, to assess the fallout on transfer pricing practitioners and take live questions on this issue from registrants.

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During the 90-minute presentation, David Ernick, the U.S. Treasury Department's associate international tax counsel, and Michelle Levac (invited), transfer pricing specialist for the Canada Revenue Agency's international tax division, will explain how their governments interpret recent changes to the OECD's Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, which advocate using unrelated-party transactions as a benchmark for the pricing of goods and services between related parties.

Among the issues discussed will be a controversial provision that some believe will allow revenue authorities to disregard business restructurings that are not "commercially rational," as well as the OECD's next project on defining valuable intangibles and determining where they should be taxed in the absence of "real world" transactions between unaffiliated companies.

"It will be interesting to hear whether U.S. and Canadian officials are interpreting the changes similarly," says BNA Transfer Pricing Managing Editor Rita McWiliams.  "Determining how intangibles should be defined and taxed — the subject of the OECD's next transfer pricing project — is among the most controversial aspects of international tax today."  

In 60-90 minutes, panelists will examine:

• The OECD's overhaul of its guidelines on comparability analysis and use of methods
• The OECD's changes relating to business restructuring, which finalizes earlier discussion papers from the OECD on the subject of business restructuring
• The OECD transfer pricing developments
• OECD changes to Comparability & Profit Methods
• OECD changes to business restructuring chapters
• OECD intangibles project: scope and issues
• US issues relating to IP migrations
• US legislation proposals relating to transfer pricing
• How foregoing changes will affect Multinational Corporations

An Update on OECD Transfer Pricing Developments and Proposals for the Taxation of Intangibles takes place October 13, 2010, from 11:00 am – 12:30 pm, ET. To register for this webinar and obtain further information about CLE and CPE credits, go to http://www.bnatax.com/oecd-transfer-pricing-webinar/?open&cmpid=tmtxpr2010 or call 1-800-372-1033, menu Option 6, then Option 1. The per site fee is $249.

To receive automatic, email notification of upcoming BNA webinars that may be of interest to you, go to: http://www.bna.com/emailsignup.htm

About BNA Tax & Accounting Webinars

BNA Tax & Accounting is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants.  Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all BNA Tax & Accounting resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area — and benefit from practical applications that can be put to work immediately. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits — all from the convenience of their own office or conference room.

SOURCE BNA Tax & Accounting

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