ARLINGTON, Va., April 26, 2011 /PRNewswire-USNewswire/ -- Twice a year, the Tax Management International Forum (IF) draws together leading tax practitioners from a dozen or more countries to discuss tax topics of multinational interest. Each Forum member is invited to review two 'fact patterns', and comment on how his/her native jurisdiction would likely respond given the context. On April 29, 2011, one of the topics discussed by the IF in Paris will be Controlled Foreign Corporation Regimes. BNA will offer a webinar: Controlled Foreign Corporation Regimes: A Multijurisdictional Perspective immediately following the conclusion of the Forum meeting.
Forum members representing four key jurisdictions (the United States, France, the United Kingdom, and Belgium) will explain the CFC regimes of those jurisdictions.
"Knowledge of the possible application of a country's controlled foreign corporation (CFC) regime is crucial for planning cross-border transactions and structures appropriately and keeping overall taxes to a minimum, says BNA International Managing Editor Harold Pskowski. "The operation of the CFC rules is an important factor in corporate determinations as to where to operate and locate corporate assets, and can be a significant influence on the worldwide corporate tax rate."
- The history and objectives of each country's CFC regime
- The meaning of a "controlled foreign corporation" for purposes of the regime
- The type of income that is taxed on a current basis to the CFC's shareholders
- The way in which such income is taxed to the shareholders
- The impact of the Cadbury Schweppes' decision by the ECJ on the CFC regimes of EU countries
NOTE: All registrants will additionally receive a copy of the March 2011 issue of the Tax Management International Forum, containing papers by practitioners in 16 different countries discussing the tax treatment of controlled foreign corporations in their particular country.
Jacques Malherbe, Esq.,
Liedekerke Wolters Waelbroeck Kirkpatrick (Belgium)
Thierry Pons, Esq., (France)
Gary Richards, Esq.,
Berwin Leighton Paisner (United Kingdom)
Herman Bouma, Esq.,
Buchanan Ingersoll & Rooney PC (USA)
Controlled Foreign Corporation Regimes: A Multijurisdictional Perspective takes place April 29, 2011, from 10:00 a.m. – 11:30 a.m., ET. To register for this webinar and obtain further information about CLE and CPE credits, go to http://www.bnatax.com/cfc-regimes-webinar/?open&cmpid=tmtxac2011 or (in the U.S.) call 1-800-372-1033, menu Option 6, then Option 1. The per site fee is $249.
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About BNA Tax & Accounting Webinars
BNA Tax & Accounting is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants. Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all BNA Tax & Accounting resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area — and benefit from practical applications that can be put to work immediately. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits — all from the convenience of their own office or conference room.
About the Tax Management International Forum
Leading tax practitioners from 10 different countries gather twice-yearly in London and Paris to provide a comparative discussion on single, key international tax topics. Each Forum member explains how they would deal with the tax issue in question, and their solutions, comments and analysis offer subscribers a detailed view of tax insights in different countries—thus providing an efficient, practical way to obtain country-specific tax insights.