Alan Shapiro, Partner of Deloitte Tax LLP to Speak at KC’s Event on Understanding New IRS Rules That Restrict Profits Sent Overseas on 06/18/2009
Jersey City, NJ, April 02, 2009 --(PR.com)-- The Knowledge Group/Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcast announced today that Alan Shapiro, Partner, of Deloitte Tax LLP will speak at the Knowledge Congress’ upcoming webcast entitled: “Understanding New IRS Rules That Restrict Profits Sent Overseas”. This 2-hour event is scheduled on June 18, 2009, Thursday, at 3:00 PM - 5:00 PM ET. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2009_understandingIRS.html)
Multinational corporations are subject to transfer pricing regulations under Section 482 of the tax code that are intended to ensure that companies do business with their related foreign entities at “arm’s length,” and that taxes paid in each country are commensurate with the income the company realizes in that jurisdiction. The IRS issued new rules for cost sharing arrangements in December 2008, and companies now are faced with interpreting the new requirements to make sure they are reporting the correct proportion of their profits on their U.S. tax returns. Their decisions are particularly important considering a provision of the new rules that allows the IRS to invalidate a cost sharing arrangement if it doesn’t agree.
The Knowledge Group/Knowledge Congress Live Webcast Series is assembling a panel of distinguished professionals and key regulators to help companies understand the new regulations. The speakers will share their expert opinions in a two-hour Live Webcast.
About Alan Shapiro
Alan Shapiro is a partner in the Chicago office of Deloitte Tax LLP, and a member of the national transfer pricing team. He works with the firm's largest U.S. and non-U.S. multinational companies to develop and implement transfer pricing strategies. He has over 30 years of experience, of which the last 20 years have been devoted to specializing in the full range of transfer pricing issues.
Mr. Shapiro is one of the firm's leading experts on the cross-border taxation of intangible property, including the development of transfer pricing regimes that focus on minimizing the worldwide tax imposed on intangible property. He has represented clients in controversies with the IRS and in competent authority proceedings between U.S. and foreign tax authorities. His industry experience includes the automotive, pharmaceuticals, electronic components, high tech, software, and consumer products sectors.
Mr. Shapiro was selected for inclusion in the 2007 and 2009 editions of The Best of the Best USA in the category of transfer pricing advisors, in the 2002-2008 editions of the Guide to the World's Leading Transfer Pricing Advisers, and in the 2003-2009 editions of the Guide to the World's Leading Tax Advisers. He is widely quoted on transfer pricing topics in BNA's Daily Tax Report and Transfer Pricing Report and has authored or coauthored numerous articles on transfer pricing subjects, including “The New US Cost Sharing Regulations: Past, Present and Future”, to be published by BNA Tax Management Memorandum; "New Services and Intangible Regulations: IRS Changes the Mix," 15 BNA Transfer Pricing Report 308 (August 16, 2006); "Proposed Cost Sharing Regulations: Are They a Realistic Alternative?," 109 Tax Notes 239 (October 10, 2005); several chapters for Intellectual Property (International Tax Review's Tax Reference Library 12, 2003); "Proposed Cost Sharing Stock Option Regulations," Tax Planning International: Transfer Pricing (February 2003); "Proposed Rev. Proc. 65-17: Update Raises Many Issues," BNA Transfer Pricing Report (January 13, 1999); "Planning Opportunities Under the Final U.S. Cost-Sharing Regulations," IBFD International Transfer Pricing Journal (March/April 1998); and "Lost in Cyberspace: Transfer Pricing Aspects of Proposed §861 Computer Software Regulations," BNA Transfer Pricing Report (December 12, 1996).
Mr. Shapiro holds an LLM (Tax) and a JD from Georgetown University Law School, and an MA (Economics) and a BS (Business Administration) from Boston University. Mr. Shapiro is a member of the Bar of the State of Pennsylvania and is a certified public accountant.
About Deloitte Tax LLP
“Deloitte” is the brand under which 165,000 dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients.
For more information about Alan Shapiro, and Deloitte Tax LLP, please visit: www.deloitte.com
About The Knowledge Congress
The Knowledge Group/Knowledge Congress Live Webcast Series is an organization that produces webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour Live webinars to study the impact of changing regulations.”
To contact or to register for an event, please visit: www.knowledgecongress.org.
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Multinational corporations are subject to transfer pricing regulations under Section 482 of the tax code that are intended to ensure that companies do business with their related foreign entities at “arm’s length,” and that taxes paid in each country are commensurate with the income the company realizes in that jurisdiction. The IRS issued new rules for cost sharing arrangements in December 2008, and companies now are faced with interpreting the new requirements to make sure they are reporting the correct proportion of their profits on their U.S. tax returns. Their decisions are particularly important considering a provision of the new rules that allows the IRS to invalidate a cost sharing arrangement if it doesn’t agree.
The Knowledge Group/Knowledge Congress Live Webcast Series is assembling a panel of distinguished professionals and key regulators to help companies understand the new regulations. The speakers will share their expert opinions in a two-hour Live Webcast.
About Alan Shapiro
Alan Shapiro is a partner in the Chicago office of Deloitte Tax LLP, and a member of the national transfer pricing team. He works with the firm's largest U.S. and non-U.S. multinational companies to develop and implement transfer pricing strategies. He has over 30 years of experience, of which the last 20 years have been devoted to specializing in the full range of transfer pricing issues.
Mr. Shapiro is one of the firm's leading experts on the cross-border taxation of intangible property, including the development of transfer pricing regimes that focus on minimizing the worldwide tax imposed on intangible property. He has represented clients in controversies with the IRS and in competent authority proceedings between U.S. and foreign tax authorities. His industry experience includes the automotive, pharmaceuticals, electronic components, high tech, software, and consumer products sectors.
Mr. Shapiro was selected for inclusion in the 2007 and 2009 editions of The Best of the Best USA in the category of transfer pricing advisors, in the 2002-2008 editions of the Guide to the World's Leading Transfer Pricing Advisers, and in the 2003-2009 editions of the Guide to the World's Leading Tax Advisers. He is widely quoted on transfer pricing topics in BNA's Daily Tax Report and Transfer Pricing Report and has authored or coauthored numerous articles on transfer pricing subjects, including “The New US Cost Sharing Regulations: Past, Present and Future”, to be published by BNA Tax Management Memorandum; "New Services and Intangible Regulations: IRS Changes the Mix," 15 BNA Transfer Pricing Report 308 (August 16, 2006); "Proposed Cost Sharing Regulations: Are They a Realistic Alternative?," 109 Tax Notes 239 (October 10, 2005); several chapters for Intellectual Property (International Tax Review's Tax Reference Library 12, 2003); "Proposed Cost Sharing Stock Option Regulations," Tax Planning International: Transfer Pricing (February 2003); "Proposed Rev. Proc. 65-17: Update Raises Many Issues," BNA Transfer Pricing Report (January 13, 1999); "Planning Opportunities Under the Final U.S. Cost-Sharing Regulations," IBFD International Transfer Pricing Journal (March/April 1998); and "Lost in Cyberspace: Transfer Pricing Aspects of Proposed §861 Computer Software Regulations," BNA Transfer Pricing Report (December 12, 1996).
Mr. Shapiro holds an LLM (Tax) and a JD from Georgetown University Law School, and an MA (Economics) and a BS (Business Administration) from Boston University. Mr. Shapiro is a member of the Bar of the State of Pennsylvania and is a certified public accountant.
About Deloitte Tax LLP
“Deloitte” is the brand under which 165,000 dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients.
For more information about Alan Shapiro, and Deloitte Tax LLP, please visit: www.deloitte.com
About The Knowledge Congress
The Knowledge Group/Knowledge Congress Live Webcast Series is an organization that produces webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour Live webinars to study the impact of changing regulations.”
To contact or to register for an event, please visit: www.knowledgecongress.org.
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The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
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