Jon Silverman, Principal of KPMG to Speak at KC’s Event on Understanding New IRS Rules That Restrict Profits Sent Overseas on 06/18/2009
Jersey City, NJ, May 14, 2009 --(PR.com)-- The Knowledge Group/Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcast announced today that Jon Silverman, Principal, of KPMG 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 Jon Silverman
Dr. Jon Silverman is the Principal-In-Charge of KPMG’s western region Economic and Valuation Services (EVS) practice. Dr. Silverman has twenty five years of consulting experience and provides transfer pricing, tax valuation, and other economic services to KPMG’s clients. Jon also plays a national role as lead principal for the EVS Economic services line of business.
Prior to joining KPMG, Dr. Silverman was a senior associate at DRI/McGraw Hill, where he provided consulting support to users of DRI’s macroeconomic, regional, industry, and energy models. He was also responsible for the management and development of some large-scale economic information systems for DRI’s energy and government practices. Dr. Silverman also spent five years at the Bureau of Economic Analysis where he was responsible for preparing forecasts of the U.S. economy and using the BEA macro model to analyze topical policy issues.
Education, Licenses & Certifications: PhD in Economics from George Mason University; BA and MA in Economics from Boston University
About KPMG
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 148 countries and has more than 113,000 professionals working in member firms around the world.
Its purpose is to turn knowledge into value for the benefit of its clients, people, and the capital markets. KPMG's member firms aim to provide clients with a globally consistent set of multidisciplinary financial and accounting services, based on deep industry knowledge.
KPMG plays an important role in the capital markets, and are highly active in supporting positive reform within its industry to strengthen credibility and confidence. They believe corporate social responsibility is at the heart of all great organizations, and are committed to making a real difference to the communities in which it operates.
For more information about Jon Silverman and KPMG, please visit: www.kpmg.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 Jon Silverman
Dr. Jon Silverman is the Principal-In-Charge of KPMG’s western region Economic and Valuation Services (EVS) practice. Dr. Silverman has twenty five years of consulting experience and provides transfer pricing, tax valuation, and other economic services to KPMG’s clients. Jon also plays a national role as lead principal for the EVS Economic services line of business.
Prior to joining KPMG, Dr. Silverman was a senior associate at DRI/McGraw Hill, where he provided consulting support to users of DRI’s macroeconomic, regional, industry, and energy models. He was also responsible for the management and development of some large-scale economic information systems for DRI’s energy and government practices. Dr. Silverman also spent five years at the Bureau of Economic Analysis where he was responsible for preparing forecasts of the U.S. economy and using the BEA macro model to analyze topical policy issues.
Education, Licenses & Certifications: PhD in Economics from George Mason University; BA and MA in Economics from Boston University
About KPMG
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 148 countries and has more than 113,000 professionals working in member firms around the world.
Its purpose is to turn knowledge into value for the benefit of its clients, people, and the capital markets. KPMG's member firms aim to provide clients with a globally consistent set of multidisciplinary financial and accounting services, based on deep industry knowledge.
KPMG plays an important role in the capital markets, and are highly active in supporting positive reform within its industry to strengthen credibility and confidence. They believe corporate social responsibility is at the heart of all great organizations, and are committed to making a real difference to the communities in which it operates.
For more information about Jon Silverman and KPMG, please visit: www.kpmg.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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