Impact of Tax Reform on International Business
Friday, November 9, 2018 - Chicago, IL

Registration is $995 Groups of 3 or More Save $200 off Each Registrant with code GRP.

Please see our Terms & Conditions for our Financial Aid, Cancellation, Administrative and Other Policies

Current issues, topics and legislation will be discussed. This seminar will provide the resources and information you need on the latest developments, strategies and techniques to represent and meet the needs of your clients or corporate filings. Attendees will have the opportunity to engage with our tax practitioners on topics related to understanding tax reform and the practical implications.

This course is for corporate tax, finance and accounting executives, CPAs, tax attorneys and counsel who are involved in corporate filing for both domestic and multinational corporations.  This is an intermediate level seminar and knowledge of international taxation and cross-border transactions are recommended prior to attending. There is no advance preparation for this group live seminar. Field of Study: Taxes   Earn Up to 7.5 CPE/CLE Credits

Sponsored By

Grant Thornton LLP
171 N. Clark Street, Chicago, IL 60601

Conference Chair: Edward Weaver, Senior Manager, Grant Thornton LLP, Chicago, IL

Friday, November 9, 2018

8:00 AM - Registration & Continental Breakfast

9:00 AM - Tax Reform – Tax Cuts and Jobs Act

  • US Tax Reform---Global Impact and Responses

  • Interest Limitations

  • Transfer Pricing

  • Transparency and Disclosure

  • Use of Holding Companies

  • What’s All This Mean for Future Tax Audits

  • Special Deductions for Corporations

  • Other Jurisdiction Specific Noteworthy Items

Kaitlyn Kroeger, Senior Tax Associate, Grant Thornton LLP, Chicago, IL

10:15 AM Refreshment Break 

10:30 AM - Effect of Tax Reform on Subpart F Income

  • Basics of Section 956 (Subpart F)

  • Dividends received deduction (DRD) under Section 1248

  • Subpart F income and Global Intangible Low Tax Income (GILTI)

  • Foreign Derived Intangible Income (FDII)

  • PFICs

Eileen Leyhane, Tax Manager, Grant Thornton LLP, Chicago, IL
Edward Weaver, Senior Manager, Grant Thornton LLP, Chicago, IL

12:15 PM - Luncheon

1:00 PM Foreign Tax Credit Baskets, Limitations and Utilizations

  • Changes to the FTC Regime

  • Foreign Tax Credit Planning

  • Foreign Tax Credit Utilization

  • Post Section 965 PTI Distributions

  • Distributions of Untaxed E&P

Eileen Leyhane, Tax Manager, Grant Thornton LLP, Chicago, IL
Edward Weaver, Senior Manager, Grant Thornton LLP, Chicago, IL

2:15 PM Refreshment Break

2:30 PM Base Erosion and Anti-Abuse Tax and Other Transfer Pricing Issues

  • Overview of the Base erosion and anti-abuse tax (BEAT)

  • Beating the BEAT—Planning Options

  • Uncertainties and Potential for Relief

Jenny Austin, Tax Partner, Morgan, Lewis & Bockius LLP, Chicago, IL
Sarah Helfers, Tax Associate, Morgan, Lewis & Bockius LLP, Chicago, IL

3:45 PM Refreshment Break

4:00 PM State & Local Tax Reform Issues

  • The financial impact on the states

  • Conformity and non-conformity overview

  • State treatment of domestic issues

  • State treatment of foreign issues

  • Impact of Wayfair Decision

Justyna Kubicki, Senior Tax Manager, Grant Thornton LLP, Chicago, IL

5:00 PM Seminar Concludes

Conference Location

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Grant Thornton LLP,
171 N. Clark Street, Suite 200,
Chicago, IL. 60601

Hotel accommodations are at your discretion.
We suggest: Cambria Hotel Chicago Loop 32 W. Randolph St., Chicago, IL

Register Now! Registration includes publication, continental breakfast, lunch & refreshments.

Speaker Biographies

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Jenny Austin is a Tax Partner at Morgan Lewis Bockius LLP in Chicago, IL. She advises US taxpayers with respect to international tax implications of offshore operations, and handles matters involving transfer pricing, including cross-border transfer pricing of tangible and intangible assets and intellectual property, services, and cost sharing arrangements. She also has experience with transfer pricing issues at the state level. Additionally, Jenny counsels international taxpayers and partnerships with respect to their US tax obligations, and advises on withholding, excise tax, and information reporting obligations. A large part of Jenny’s work involves advising and representing clients in administrative matters, including pre-audit planning and representation of taxpayers in examination, and the preparation of company personnel for IRS interviews. She is also heavily involved in other aspects of the controversy process, including IRS appeals, appeals mediation procedures, and competent authority. Jenny favors strategies to resolve issues successfully with the IRS at the earliest possible stage. Jenny acts as lead for all aspects of case development from pretrial matters through post-trial briefing, including factual and strategic case development, discovery, stipulations, witness and expert preparation and examination, and drafting pleadings and legal briefs. She also has headed the trial of several state tax income cases involving costs of performance issues. Jenny received her LL.M. Taxation from New York University School of Law; her J.D. from Washington University in St. Louis Law School; Her A.B. from Washington University in St. Louis and her B.S.B.A from Washington University in St. Louis.

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Sarah Helfers is a Tax Associate at Morgan Lewis Bockius LLP in Chicago, IL. She advises multinational companies on domestic and international tax planning matters, including pre-transaction structuring and post-acquisition integration. She also counsels on Subpart F, Global Intangible Low Tax Income (GILTI), and Base Erosion Anti-Abuse Tax (BEAT) planning. In addition, Sarah has experience managing the corporate implementation of complex domestic and cross-border intercompany transactions. Before joining Morgan Lewis, Sarah was an associate in the tax practice and the corporate practice of another global law firm and, before that, an attorney at the IRS Office of Chief Counsel. Sarah received her J.D. from Loyola University Chicago School of Law and her B.A. from Amherst College.

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Justyna Kubicki is a Senior Manager in the State and Local Tax (SALT) practice with Grant Thornton’s Chicago office.  Justyna has more than ten years of experience assisting clients with income and franchise tax matters and other state and local tax issues.  Justyna began her career at Grant Thornton as an intern in 2007. Justyna’s state and local tax experience includes: Overseeing corporate income and franchise tax compliance and consulting projects, including return reviews and tax minimization planning; Performing nexus studies and diagnostic reviews to assist clients in determining potential state tax liabilities; Performing tax due diligence reviews for mergers and acquisitions; Negotiating and managing state tax voluntary disclosure and amnesty projects. Justyna has served clients in a wide variety of industries, including manufacturing and distribution, professional services, and retail. Justyna is a licensed CPA in Illinois, a member of the Illinois Certified Public Accountants Society, the American Institute of Certified Public Accountants, and the Chicago Tax Club. Justyna received her undergraduate degree in Honors Accounting and Finance from DePaul University in Chicago, Illinois in 2008.

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Kaitlyn Kroeger is an experienced Senior Tax Associate in the Tax Reporting and Advisory practice at Grant Thornton LLP in Chicago.  Kaitlyn has seven years of experience work on corporate tax matters with specific experience in the preparation and audit of tax provisions under ASC 740 and US Federal C Corporation tax compliance. Kaitlyn assists public and private clients with financial reporting requirements under ASC 740 both as a preparer and external auditor.  She has participated in certification programs for OneSource and Corptax Tax Provision software, enabling her to effectively leverage technology to provide increased quality, efficiency and controls for clients’ provision preparation processes. Certified Public Accountant in Illinois. Master of Science in Accountancy, University of Notre Dame (Magna Cum Laude); Bachelor of Business Administration, Accountancy, University of Notre Dame.

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Eileen Leyhane is a Manager in Grant Thornton’s International Tax practice with Grant Thornton’s Chicago office. Eileen has more than six years of experience working on international and domestic tax issues. Prior to joining Grant Thornton, Eileen worked at the Tribune Company in their tax department. At Grant Thornton, Eileen handles a broad range of federal and international tax matters including corporate tax returns, international filings, subpart F income considerations, foreign currency transactions, international tax treaties and tax accounting. Eileen received a Bachelor of Business Administration in Accounting (Summa Cum Laude) and a Bachelor of Business Administration in Finance (Summa Cum Laude) from Loyola University Chicago.

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Ed Weaver is a Senior Manager at Grant Thornton in their international tax practice. Ed has over twelve years of experience advising multinational clients on international and domestic tax issues. Ed handles a broad range of international tax matters including foreign tax credits, subpart F income, mergers and acquisitions, foreign currency transactions, tax treaties and tax accounting. Prior to joining Grant Thornton, Ed worked at Deloitte Tax LLP and Northern Trust Corporation. Ed is a frequent speaker on various tax topics and an adjunct professor at John Marshall Law School in Chicago. Ed provides services to a variety of clients, including consumer and industrial products, financial services, and technology companies. Ed received his J.D. and L.L.M. (Taxation) at Loyola University Chicago. He received his Bachelor in Science in Accounting, at University of Illinois at Chicago. Ed is certified public accountant and licensed attorney in Illinois. Ed is a member of the American Institute of Certified Public Accountants and the Chicago Bar Association.