KPMG Webcast To Explore Possible Areas Of Agreement Between White House And Congress On U.S. Tax Reform

NEW YORK, April 28, 2015 /PRNewswire/ -- KPMG's Tax Governance Institute (TGI) will offer business leaders insight and perspective on areas where Congress and the Obama Administration may have already achieved consensus on the issue of U.S. tax reform during a live video webcast on Thursday, April 30, from 1 p.m. to 2:30 p.m. (ET).  The program will look at many of the areas of overlap between the tax reform proposal from former U.S. House Ways and Means Committee Chairman Dave Camp (R-Mich.) and President Obama in his 2016 budget proposals.

The 90-minute webcast is titled: "Birds of a feather? Highlighting areas of agreement in Camp's Tax Reform Act of 2014 and President Obama's FY16 budget proposals." Board and audit committee members, CFOs, tax directors, and other business professionals interested in attending the program, which will feature a distinguished group of panelists, can register here.

"The narrative has been that Congress and the Administration will never be able to achieve consensus on an overhaul of the tax code, but this narrative ignores many areas where they may already agree," said John Gimigliano, principal in charge of federal tax legislative and regulatory services at KPMG LLP, and panel moderator.

Panelists on KPMG's TGI webcast will include:

• Warren Payne, senior advisor, Mayer Brown, and former senior policy advisor to the U.S. House Ways and Means Committee.
• Lisa Zarlenga, partner and co-chair of the Tax Group at Steptoe & Johnson, LLP, and former legislative counsel, U.S. Department of the Treasury; and
• Ron Dabrowski, principal and technical deputy to the principal in charge of KPMG's Washington National Tax practice; former special counsel, U.S. Treasury Department's Office of Tax Policy; and former tax counsel, majority staff, U.S. Senate Finance Committee.

During the webcast, panelists will discuss the rationale behind areas of seeming consensus between the Camp and Administration proposals, including those affecting multinationals, pass-through entities, accounting methods, energy, financial services, and other areas. There will be discussion as well on items not included in either proposal, such as general limitation on deductibility of interest.

"The similarities in the Camp tax reform proposal and President Obama's budget proposals are important to understand and watch closely, as they will likely form the infrastructure around which the rest of tax reform will eventually be built," said Gimigliano, the former senior tax advisor for the U.S. House Committee on Ways and Means.  "Examining the proposals side-by-side could provide a roadmap for business leaders as they plan ahead."

About the Tax Governance Institute
Part of the KPMG Institute Network, the Tax Governance Institute provides opportunities for board members, corporate management, stakeholders, government representatives and others to share knowledge on the identification, oversight, management and appropriate disclosure of tax risk.

About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International").  KPMG International's member firms have 162,000 professionals, including more than 9,000 partners, in 155 countries.

SOURCE KPMG LLP

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