International Tax 101 Overview

Date: 5/21/09



International Taxes in a Nutshell

A General Overview

Thursday, May 21, 2009
10:30 a.m.

NAM
1331 Pennsylvania Avenue NW – Suite 600
Washington, DC


Speakers:

Harrison Cohen

Gretchen Sierra

 

After a long hiatus, international tax issues are hot topics in Washington. On May 4, President Obama unveiled a package of international tax reforms that would increases taxes for U.S. multinationals by almost $200 billion.

Given the country’s current fiscal situation and the political makeup of Congress and the Administration, it is likely these proposals to change our international tax rules—which include changes to current rules on deferral and foreign tax credits, will be seriously debated and considered by the 111th Congress.

The elimination or scaling back of deferral and other proposed international tax law changes could have a significant negative impact on U.S. multinationals and their suppliers as well as the overall U.S. economy. An extensive lobbying and education effort is key to our ability to preserve deferral and other international tax provisions that are key to U.S. competitiveness.

Please join us for a basic course on the U.S. international tax system, including a discussion of our unique worldwide tax system, taxing overseas income and the importance of deferral. Our speakers—Harrison Cohen and Gretchen Sierra are principals at Deloitte. Both have strong backgrounds in international tax and extensive Hill and Treasury experience.

This is a nontechnical session designed for company and association reps who will be talking to Hill and Administration staff about these important issues.

Please RSVP to NAM’s Glenda Jackson at gjackson@nam.org (202) 637-3073 or NFTC’s Vivian Myers at vmyers@nftc.org 
(202) 887-0278

We look forward to seeing you on the 21st.

Dorothy Coleman, NAM

Cathy Schultz, NFTC

Catherine Schultz
Vice President for Tax Policy
National Foreign Trade Council
cschultz@nftc.org
202-887-0278 ext. 2023

Dorothy Coleman
Vice President, Tax and Domestic Economic Policy
Direct: (202) 637-3077
Email: dcoleman@nam.org
National Association of Manufacturers
1331 Pennsylvania Avenue, NW Suite 600
Washington, DC 20004-1790


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