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

Registration is $895. 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. This seminar will give you the resources and information you need on the latest developments, strategies and techniques to represent and meet the needs of your clients and take your practice to the next level. 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.  This basic level seminar will explain the various aspects of taxation for U.S. multinational corporations. There is no advance preparation or prerequisites for this group live seminar. Field of Study: Taxes   Earn Up to 7.5 CPE/CLE Credits

Sponsored By

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

Friday, November 9, 2018

9:00 AM - Tax Reform and International Business

  • 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, Manager, Grant Thornton LLP, Chicago, IL

10:15 AM Break 

10:30 AM - 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)

  • Participation Exemption

  • 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 and Expense Allocation

  • 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 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

  • Effects on Intellectual Property

3:45 PM 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 Manager, Grant Thornton LLP, Chicago, IL

5:00 PM Seminar Concludes

Conference Location: 

Grant-Thornton.jpg

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

Hotel Recommendations:  Cambria Hotel Chicago Loop 32 W. Randolph St., Chicago, IL

Speaker Biographies

0.jpg

Brandon Joseph is a Senior Manager in Grant Thornton’s International Tax group in Chicago. He has ten years of public accounting experience serving multinational clientele.  Brandon has extensive experience advising U.S. multinational companies on cross-border planning and tax compliance matters; including foreign tax credit planning, cash repatriation/deferral planning, international structuring, IRS controversy, transaction due diligence, and fulfilling IRS/FinCEN foreign reporting requirements. Brandon maintains a strong relationship with Grant Thornton's network of international firms to serve clients global tax compliance and planning needs. Brandon spends the majority of his time serving clients in the manufacturing, distribution, and service industries. He is an Illinois Licensed CPA and is a member of American Institute of Certified Public Accountants (AICPA).

Robert J. Misey, Jr.

Robert J. Misey, Jr. is a shareholder in Reinhart’s Tax and Corporate Law Practices as well as chair of the firm’s International Practice. He serves with a wide range of clients involved in an array of industries such as manufacturing, distribution, sport, and entertainment with international taxation and tax controversy matters. Licensed in California, Wisconsin, Kentucky and Washington, D.C., Rob is also a member of the International Fiscal Association and Chair of the Tax Committee of International Section of the American Bar Association. As a seasoned attorney, Rob offers clients unparalleled legal representation. He also regularly shares his expertise and experience on international taxation with business with national and international professional audiences. He also teaches international taxation at the University of Wisconsin and University of Alabama law schools. He has an LL.M., with high distinction from Georgetown University Law Center; earned his J.D. from Vanderbilt University Law School; his M.B.A. from Vanderbilt University and his B.A. form the University of Kentucky

Edward Weaver.jpg

Ed Weaver is a senior manager at Grant Thornton in our 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.