TEI To Target Corporate Tax Executives At Chicago E-Commerce Seminar

Tax-news.com, Washington

13 March 2001

The US-based Tax Executives Institute Inc (TEI), a professional organisation of business executives whose work is primarily concerned with the problems of business taxation, is to host a seminar in Chicago next month to address the issues surrounding the taxation of e-commerce. The two-day seminar, entitled Doing Business In the Digital Economy: Tax Planning and Compliance in International E-Commerce, will take place at the Hyatt Regency O'Hare on 19-20 April 2001.

The TEI says it has organised the seminar as a direct response to all the uncertainties related to e-commerce taxation, and to provide business executives with the answers to a number of pressing questions. The TEI said: 'The tax world is grappling with the consequences of the digital revolution.'

The seminar will chiefly address the question of how tax professionals can prepare companies to exploit the opportunities and avoid the pitfalls of electronic commerce. The TEI says the seminar will offer pragmatic suggestions for structuring business transactions to optimize international, state, local, and federal tax considerations.

The first day of the event will open with a presentation by TEI member Barbara Barton, Manager of State and Local Taxation for Electronic Data Systems Corporation, and John Clymer of PricewaterhouseCoopers on current business transactions with real solutions. There will then be three case studies, with opportunities and planning issues being identified in business-to-business (B2B) and business-to-consumer (B2C) transactions for both digital and physical goods. These studies will focus on taxable presence, character and source of income, transfer pricing, and the application of the controlled foreign corporation rules in OECD countries.

The second day will open with a session on the VAT consequences of cross-border transactions. The seminar will close with a discussion of compliance and administration issues by a panel of in-house tax professionals.

Registration for the event is limited to members of TEI, employees of any member’s firm, and other tax executives who meet TEI membership qualifications and are sponsored by a TEI member. Further details are available from http://www.tei.org.

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