TEI and Thomson Reuters Present: BEPS 2.0 – Where Do We Stand? (webinar)

The OECD continues to move forward with its Pillars One and Two project.  However, doubt has arisen over whether the OECD can move the project over the finish line with its Member States and the Inclusive Framework.  In particular, the question of whether the United States will fully join in the final version of the project is very much up in the air.  This webinar will address the latest OECD Pillars One and Two guidance and discuss the prospects for finishing the BEPS 2.0 project in light of the current international tax environment, including the looming U.S. presidential election.

Learning Objectives:

1. Explain the current status of the OECD’s Pillars One and Two project: Attendees will be able to describe key updates and recent guidance regarding the OECD’s efforts to address international tax challenges through BEPS 2.0.
2. Assess the potential impact of U.S. participation on the OECD project: Participants will critically evaluate the role of the United States in the discussions and predict its potential influence on the success of the Pillars One and Two initiatives.
3. Analyze the prospects for completion of the BEPS 2.0 project: Learners will be able to examine the factors affecting the completion of the OECD’s project, including the international tax environment and the implications of the upcoming U.S. presidential election.

Speakers:

Sangeeta Daiya, Senior Solutions Consultant, Thomson Reuters

Sangeeta Daiya is a key member of the ONESOURCE Solutions Consultants team, specializing in automation through technology. She holds a BBA in Accounting from Loyola University Chicago. With experience at Ernst & Young in Chicago and Thomson Reuters, Sangeeta excels in helping clients leverage technology for business growth and compliance with U.S. international regulations. She has managed software support, implementations, and provided training and demonstrations to maximize ONESOURCE customers’ technological potential.

Sowmya Varadharajan, Director, Transfer Pricing, Crowe

Sowmya is the National Transfer Pricing Practice leader for Crowe LLP and has more than 20 years of experience in designing, documenting, and defending intercompany transactions. Sowmya has experience on international tax and transfer pricing issues through her training in the U.S. with blue-chip corporations, leadership roles in Asia, and now leadership role with Crowe LLP. During her time in Asia, in addition to preparing transfer pricing documentation and analysis, Sowmya also defended her clients in transfer pricing audits in various Asian markets.  She also has experience in negotiating unilateral and bilateral APAs with the Inland Revenue Authority of Singapore. In addition to publishing numerous articles on transfer pricing topics in Asian newspapers and publications such as Tax Notes and BNA Tax, Sowmya is also the author of Transfer Pricing in Singapore which was published by Wolters Kluwer. Sowmya is also a frequent presenter at conferences.  Sowmya is an Economist and earned a Ph.D. from Cornell University.

Michael Cornett, Managing Director - National Tax Office, Forvis Mazars

Mike is a Managing Director in Forvis Mazars Washington National Tax Office.  Mike has more than 40 years of experience in federal taxation including 37 years in international taxation.  During this time, Mike has worked with several major law firms, the National Offices of two Big Four accounting firms, and was a Special Counsel to the Associate Chief Counsel (International) where he advised on regulations, revenue rulings, and PLRs. He has served public, private, and venture-backed companies in various industries throughout his career.  He has worked on cross-border restructuring and cross-border planning for a variety of issues including supply chain, foreign tax credit, and IP planning.  He has been involved in various tax controversy matters including APAs and Competent Authority. 

Mike has been a speaker on international tax issues and has spoken for organizations such as TEI, IFA, ABA, AICPA, and St. Louis International Tax Group.  He has published several articles for national tax journals. 

Mike is a member of the American Institute of Certified Public Accountants and American Bar Association. 

He is a graduate of University of Notre Dame with a bachelor’s degree in accounting, a JD degree from the University of North Carolina at Chapel Hill, and a LLM degree from Georgetown University Law Center.

Moderator:

Benjamin Shreck, Tax Counsel, TEI

Benjamin R. Shreck is a Tax Counsel for TEI. In this role, his responsibilities include supporting the activities of TEI’s U.S. International and European Direct Tax Committees in their advocacy and educational efforts on behalf of the Institute.  Ben has extensive experience in a wide range of U.S. international and multilateral tax issues.  In his role as Tax Counsel for TEI, Ben has assisted the Institute in filing comments with the United States Department of the Treasury and Internal Revenue Service regarding the Foreign Account Tax Compliance Act, revisions to the revenue procedures for advance pricing agreements and requests for competent authority assistance, the U.S. Country-by-Country reporting regulations, and submitting items for the Institute’s annual liaison meetings with U.S. government officials. With respect to the Institute’s European Direct Tax Committee, he has been active in submitting comments to the Organisation for Economic Co-Operation and Development regarding its Base Erosion and Profit Shifting project, its work on the transfer pricing aspects of intangible assets, and the definition of a permanent establishment under the OECD’s model tax convention.  Ben has presented at several OECD public consultations in Paris on issues surrounding the Base Erosion and Profit Shifting Project.  Ben has also assisted the Institute in submitting comments to the European Union, United Nations, United Kingdom, Ireland, and the Government of India.

Ben joined the Institute’s legal staff in 2010. Prior to joining the legal staff, Ben was an attorney with the Washington, D.C., offices of Paul, Hastings, Janofsky & Walker LLP, and King & Spalding LLP, where he practiced in the areas of international taxation and the taxation of financial products. Ben received his B.A. in Economics from Stanford University, his J.D. from the University of California, Berkeley School of Law, and his LL.M. in Taxation from Boston University, where he was the valedictorian.

 

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