KPMG Webcast Will Examine OECD's Final Recommendations On Base Erosion And Profit Shifting Initiative
Robert Stack of U.S. Treasury and Achim Pross of OECD Among Program's Panelists
NEW YORK, Oct. 9, 2015 /PRNewswire/ -- KPMG's Tax Governance Institute (TGI) will examine the final recommendations from the Organisation for Economic Co-operation and Development (OECD) on Base Erosion and Profit Shifting (BEPS) and discuss what they could mean for U.S. multinationals during a live video webcast on Tuesday, Oct. 13, from 12:30 p.m. to 2:00 p.m. (ET).
The webcast, titled, "OECD's Final BEPS Project Reports – The Uncertain Road from Recommendations to Implementation," will feature the following panelists:
- Robert Stack, deputy assistant secretary for international tax affairs, Office of Tax Policy, U.S. Department of the Treasury;
- Achim Pross, head of the International Co-operation and Tax Administration Division, Centre for Tax Policy and Administration, OECD;
- Manal Corwin, national leader of International Tax at KPMG LLP and former deputy assistant secretary for tax policy for international tax affairs at the U.S. Department of the Treasury; and
- Brett Weaver, partner, International Tax, and national leader of Tax Transparency Services, KPMG LLP.
Board and audit committee members, CFOs, tax directors, and other business professionals interested in attending the program can register here.
The program will delve into the specific proposals released by the OECD on Oct. 5, 2015 on the initiative's 15 Action Items and will address U.S. plans for implementation and the role of the OECD in monitoring and ensuring consensus among countries around the world.
"While it remains to be seen whether the U.S. adopts some of the OECD recommendations, it's especially important that multinational companies shift into high gear now to evaluate the potential impact of the final recommendations and prepare to comply with new rules that might be applicable to their global operations," said Corwin, who will moderate the program.
"The consequences of the rule changes will present a wide range of challenges for businesses," added Corwin, who, while at Treasury, served as U.S. delegate and vice chair of the OECD's Committee on Fiscal Affairs and was actively engaged in the early stages of the BEPS project. "Putting BEPS considerations high on a company's agenda will help position it to prepare for change, better manage risk and respond to the impact of the OECD initiative."
Released in the summer of 2013 and endorsed by the G-20, the OECD Action Plan on BEPS identified 15 specific actions that could give governments the domestic and cross-border instruments needed to help reduce potential tax avoidance. The final BEPS package was presented at the G-20 Finance Ministers meeting on Oct. 8 in Lima, Peru and is expected to be submitted to G-20 leaders for adoption at their Nov. 15-16 summit in Antalya, Turkey. Additional information on the OECD BEPS Action Plan can be found on the KPMG Institute Network's website.
About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 162,000 professionals, including more than 9,000 partners, in 155 countries.
Contact: Robert Nihen/Ann Marie Gorden
KPMG LLP
201-307-8296/201-505-6288
[email protected]; [email protected]
SOURCE KPMG LLP
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