Program

Tuesday, July 19

1:00 PM - 1:15 PM    Welcome
Corcoran Salon A
Thomas Herr, KPMG
Karen Kirwan, CBE, Ernst & Young
Perry Urken, Economics Partners, LLC
Jill Weise, CBE, Duff & Phelps

1:15 PM - 2:15 PM    Substantial Contribution: Identifying and Measuring It
Corcoran Salon A
Pat Breslin, NERA Economic Consulting
Robert Culbertson, Covington
Kristine Riisberg, Deloitte

2:30 PM - 3:30 PM   Permanent Establishment (PE) and the Authorized OECD Approach (AOA): How Is It Done and What Does It Mean?
Corcoran Salon A 
Craig Sharon, EY
Brian Vincent, Economics Partners, LLC
Tom Zollo, KPMG

The panel will discuss how profits are to be attributed to a permanent establishment (“PE”) under the Authorized OECD Approach (“AOA”), with consideration given to the OECD’s final base erosion and profit shifting report on Action 7 (artificial avoidance of PE status) and its continuing work on PE profit attribution. 

3:30 PM - 4:00 PM   NETWORKING BREAK
Ballroom Foyer

4:00 PM - 5:30 PM   The Great TP Debate
Corcoran Salon A
Moderators:
Patricia Gimbel Lewis, Caplin & Drysdale, chair
Matt Kramer, Skadden
Garry Stone, Stone Economic Consulting, LLC
Francois Vincent, KPMG

Participants:
Greg Barton, PWC
Ken Christman, EY
Russ O'Haver, Northeastern University
Philippe Penelle, Deloitte
Kartikeya Singh, PWC
Sanford Stark, Morgan, Lewis & Bockius LLP

Topics: 
- Adjusting a distributor to earn an "arm's length return" reduces its risk over time
- Hard to value intangibles aren't any harder to value than other intangibles
- The realistic alternatives framework is not realistic in implementing the arm's length standard

5:30 PM - 6:30 PM   RECEPTION
Seasons (mezzanine level)
Sponsored by Deloitte

Wednesday, July 20

8:00 AM - 8:30 AM  Continental Breakfast
Ballroom Foyer

8:30 AM - 10:00 AM   Section 367(d) and Intangible Transfers:  Past to Future
Corcoran Salon A/B
Layla Asali, Miller & Chevalier
Rob Kovacev, Steptoe
Russell Kwiat, IRS
Nate Levin, Duff & Phelps
Bill Morgan, Horst Frisch

This panel will discuss a history of Section 367 and the future of the proposed Section 367 rules, with an emphasis on the economist’s role and valuation implications from the change in tax treatment of certain intangibles.

10:00 AM - 10:30 AM   NETWORKING BREAK
Ballroom Foyer

10:30 AM - 12:00 PM   Functional Analysis vs. Value Chain Analysis…and this DEMPE Thing
Corcoran Salon A/B
Clark Armitage, Caplin & Drysdale
Steve Blough, KPMG
Christopher Desmond, Duff & Phelps
Brad Rolph, Grant Thornton
Perry Urken, Economics Partners, LLC

How a value chain-like analysis may differ from a functional analysis, how these differences may affect the economic analyses used to support a company’s transfer prices, and what risks may be posed by not having a fully articulated value chain-like analysis in the company’s master file report.  

12:00 PM - 1:30 PM   Lunch with Keynote Speaker
Dumbarton
Andrew Hickman, OECD

1:45 PM - 3:15 PM   TP Challenge: Designing the Perfect Masterfile
Corcoran Salon A/B
Panel:
Mike Patton, DLA Piper, chair
Sven Jost, Oracle
Chuck Larson, IRS
Michael McDonald, U.S. Department of the Treasury

Team Leaders:
Mike Denning, EY
Philippe Penelle, Deloitte
Matt Ponikvar, Economics Partners, LLC
Mariel Reissig, KPMG

3:15 PM - 3:45 PM   NETWORKING BREAK
Ballroom Foyer

3:45 PM - 5:15 PM   Profit Splits: What Now?
Corcoran Salon A/B
Nana Antonyan, IRS
Michael Cragg, Brattle 
Kathryn Horton-O’Brien, PWC
Michelle Johnson, Duff & Phelps
Philippe Penelle, Deloitte

Discussion about the current guidance (or lack thereof) on profit splits, and the applications of profit splits in global audits, litigation, and compliance.

5:15 PM - 6:30 PM   RECEPTION
Seasons (mezzanine level)
Sponsored by Covington

Thursday, July 21

8:00 AM - 8:30 AM  Continental Breakfast
Ballroom Foyer

8:30 - 9:00 AM  Keynote Speaker
Corcoran Salon A/B
Michael McDonald, U.S. Department of Treasury

9:00 AM - 10:30 AM   Attribution, Control, and Pricing of Risk
Corcoran Salon A/B
Rocco Femia, Miller & Chevalier
Tracy Gomes, McDermott, Will & Emery
Ian Gray, Economics Partners, LLC
Donna McComber, IRS
Prita Subramanian, KPMG

This panel will review the current practice and guidance regarding risk; evaluate differences between the concepts of risk and uncertainty; and explore the interplay between contracts and the attribution of risk.

10:30 AM - 11:00 AM   NETWORKING BREAK
Ballroom Foyer

11:00 AM - 12:30 PM   Arm's Length Standard and BEPS Actions 8-10: Capital, Value Creation, and Profit Attribution
Corcoran Salon A/B
Greg Ballentine, Charles River Associates
Mark Bronson, Duff & Phelps
Andrew Hickman, OECD
Chris Faiferlick, EY
Sam Maruca, Covington
Robert Weissler, IRS

Do the BEPS Actions 8-10 violate the arm’s length standard in its treatment of capital and profit allocation?

12:30 PM - 2:00 PM   Lunch with Keynote Speaker
Seasons (mezzanine level)
Robert Stack, U.S. Department of the Treasury

2:00 PM Adjourn