KPMG Webcast Will Examine OECD's Initial Guidance On Action Plan On Base Erosion And Profit Shifting

NEW YORK, Sept. 17, 2014 /PRNewswire/ -- KPMG's Tax Governance Institute (TGI) will examine the initial guidance from the Organisation for Economic Co-operation and Development (OECD) on key elements of its Base Erosion and Profit Shifting (BEPS) Action Plan during a live video webcast on Friday, Sept. 19, from 1 p.m. to 2:30 p.m. (ET).  

The upcoming program, titled "OECD BEPS Action Plan 2014 Deliverables: The U.S. Perspective and Implications for Multinationals," is the first in a series of planned webcasts that will delve into the OECD's guidance. Board and audit committee members, CFOs, tax directors, and other business professionals interested in attending the initial webcast can register here.

Manal Corwin, national leader of International Tax at KPMG LLP and principal in charge of International Tax policy in the firm's Washington National Tax practice, will moderate a distinguished panel that will include:

• Robert Stack, deputy assistant secretary for International Tax Affairs, Office of Tax Policy, U.S. Department of the Treasury;
• Harris Horowitz, managing director, global head of Tax, BlackRock, Inc.;
• Brett Weaver, partner, International Tax, KPMG LLP; and
• Clark Chandler, principal, Economic & Valuation Services, KPMG LLP.

"The OECD's initial guidance on Base Erosion and Profit Shifting is expected to have a significant impact on U.S. multinationals with overseas operations, whether or not the U.S. makes changes in regulations or practices as a result of the recommendations," said Corwin.  "Companies now need to pay close attention to how potential changes to international tax rules could affect their businesses. Clearly, there could be ramifications which could transform the international tax landscape."

The 90-minute webcast panel discussion will focus on seven of the plan's Action Items including: The Challenges of the Digital Economy, Hybrid Mismatch Arrangements, Harmful Tax Practices, Tax Treaty Abuse, Transfer Pricing of Intangibles, Transfer Pricing Documentation and Country-by-Country Reporting, and the Feasibility of Developing a Multilateral Instrument on BEPS.

Panelists will discuss the potential implications of the recommendations, key considerations for business, the U.S. government's perspective on the 2014 deliverables from the Action Plan, and what to expect on future BEPS Action Item deliverables in 2015.

Released in the summer of 2013, 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 plan was endorsed by the G-20 in July 2013. Additional information on the OECD BEPS Action Plan can be found on the KPMG Institute Network's website.

About the Tax Governance Institute
Part of the KPMG Institute Network, the Tax Governance Institute provides opportunities for board members, corporate management, stakeholders, government representatives and others to share knowledge regarding the identification, oversight, management and appropriate disclosure of tax risk.

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 155,000 professionals, including more than 8,600 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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