New Transfer Pricing Roundtable Brings Total to Ten
NABE has established a new Transfer Pricing (TP) Roundtable, making it the third new special-interest networking group launched since last December and bringing the total number of Roundtables to ten.
Keen interest in transfer pricing reflects the global focus on regulatory reform and enforcement, making transfer pricing a major tax compliance issue for multinational companies. The new Roundtable offers NABE members a forum to meet economists from around the world who are working in the field and to discuss the business implications and economics of transfer pricing issues. Its first teleconference will be held in June.
Kevin Swift, NABE board member and chairman of the board’s Roundtable Committee, welcomed the new group and reported that the Small Business Roundtable, launched in February, “got off to a great start” and sponsored a session at the Economic Policy Conference in March. In all, Roundtables hosted seven teleconferences during the first quarter of this year, up from three in the third quarter, four in the second quarter, and one in the first quarter of 2009, said Swift, chief economist and managing director of the American Chemistry Council.
First Transfer Pricing Teleconference Scheduled for June 24
The Transfer Pricing Roundtable's inaugural teleconference, "Recent U.S. Transfer Pricing Developments: New, Yes . . . but Improved?" will be held at 11:00 a.m. ET on Thursday, June 24, and will be free-of-charge for both NABE members and non-members. In order to gauge the interests and priorities of participants, the first call will include several topics.
It will cover the impact of proposed FIN48 disclosure rules, applications of the income method in valuing intangible property transfers, and the new USC section 7701 codification of economic substance doctrine. There will also be time reserved at the end of the call for participants to contribute comments and input about topics for future teleconferences.
"Transfer pricing is one of the most significant tax—and therefore, one of the most important business—issues faced by multinational companies today. The issues involved are fundamental business economics and valuation issues common across various tax jurisdictions. While the arm's length principle is the common TP analytic framework in most jurisdictions, its application varies widely, leading to the need for many interesting and challenging discussions," said NABE TP Roundtable Chairman Karen Kirwan, executive director of international tax services and transfer pricing at Ernst & Young LLP in Washington.
"I am not aware of any other networking forum for transfer pricing professionals to meet and specifically discuss the business implications and economics of transfer pricing issues. The NABE TP Roundtable will fill a void in our professional community," said Jill Weise, vice chair of the NABE TP Roundtable and managing director of Ceteris in Boston.
Officers Looking at Teleconference Participation
In his March 31 report to Roundtable officers, Swift said the groups’ leaders are
“collecting data on teleconference participation to better understand the dynamics. A 2010 goal is to explore webinar-type conferencing.” In mid-April, “we tested a webinar service with the Real Estate & Construction Roundtable and we are continuing to explore service options,” he said.
“Roundtables are an important part of NABE, providing a means of connecting varied communities of professionals that come together around issues of common concern. They’re founded on mutual interest, built through action and engagement, and strengthened from relationships and interactions,” Swift said in his report.
In addition to the Transfer Pricing and Small Business Roundtables, there are eight other NABE Roundtables on: Corporate Planning, Financial, Health Economic, International, Manufacturing, Real Estate & Construction, Regional & Utility, and Technology. Find details about each Roundtable at: http://nabe.com/rt/index.html
All NABE members may join one Roundtable free-of-charge, and unlimited additional roundtables for a nominal annual fee. To make complimentary adjustments to Roundtable memberships, contact the NABE office at 202-463-6223 or nabe@nabe.com.
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