Steven C. Wrappe, Principal, International Tax Services, Ernst & Young LLP to Speak at KC’s Event on Transfer Pricing: Crucial Strategies on 9/10/08

New York, NY, June 22, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences and webinars announced today that Steven C. Wrappe, Principal, International Tax Services of Ernst & Young LLP will speak at the Knowledge Congress’ upcoming teleconference and webinar entitled: “ Transfer Pricing: Crucial Strategies”. This 2-hour event is scheduled for September 10, 2008, Wednesday, at 2:00 PM - 4:00 PM ET. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2008_transferpricing.html)

Transfer pricing has become a big challenge to companies who are conducting operations in different countries in which their subsidiaries transact business with each other. Without proper documentation that would justify an arm’s length price of transactions, double taxation, imposition of stiff penalties and significant losses might result. The entities that are most impacted by this kind of challenge are the smaller companies, as compared to multinational companies. What kind of strategies should these companies execute in order to avoid the adverse effects of transfer pricing?

The Knowledge Congress is assembling a panel of distinguished speakers to talk about effective strategies on how to handle this kind of challenge. Key regulators and experts in the field of finance and taxation are scheduled to speak in a two-hour teleconference and webinar.

About Steven C. Wrappe

Steve is a principal in Ernst & Young’s Washington, DC Transfer Pricing practice. He brings over 25 years of tax experience, including over 15 years of specialization in all aspects of transfer pricing. Steve's experience in transfer pricing controversy includes: examination, appeals, ADR solutions, advance pricing agreements (APA), mutual agreement procedures (MAP), and Customs agreements. Steve’s combined APA/MAP experience includes in excess of 100 cases.

For the past year Steve has been a partner at a global law firm, and prior to that spent 10 years as a partner and Director of the APA practice at Deloitte Tax. Steve also brings a wealth of government experience to Ernst & Young, having served as an attorney at the IRS Office of Associate Chief Counsel (International) Advance Pricing Agreement Program.

Steve is actively involved in the international tax and transfer pricing community. Steve recently served as Chair of the Transfer Pricing Committee of the American Bar Association’s Tax Section. He serves on the Board of Advisors of the NYU School of Law - International Tax Program and BNA Tax Management (Transfer Pricing). Steve is an Adjunct Professor (Transfer Pricing) at Georgetown University Law Center, has published two books and numerous articles on transfer pricing topics, and speaks globally on transfer pricing and dispute resolution.

About Ernst & Young LLP

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, its 130,000 people are united by shared values and an unwavering commitment to quality. They make a difference by helping people, clients and wider communities achieve potential.

For more information about Steven C. Wrappe and Ernst & Young LLP, please visit: www.ey.com

About The Knowledge Congress

The Knowledge Congress is an organization that produces teleconferences and 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 teleconferences and webinars that study the impact of changing regulations.” To contact or to register for an event, please visit: www.knowledgecongress.org.

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