http://www.kpmginstitutes.com/taxwatch en-us © 2010 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Selected events from the KPMG TaxWatch Webcast archives KPMG LLP (U.S.) KPMG TaxWatch is a series of thought leadership events developed to provide a high-level overview of current tax developments and legislative changes and how those changes could affect business. (© 2010 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. KPMG TaxWatch is a series of thought leadership events developed to provide a high-level overview of current tax developments and legislative changes and how those changes could affect business. (© 2010 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. tax, tax issues, tax podcast, tax podcasts, state tax, federal tax, international tax, sarbanes-oxley, section 404, SOX, SALT, webcast, legislative update KPMG LLP (U.S.) us-taxwatch@kpmg.com No http://www.kpmginstitutes.com/xml/tax-watch.xml Tue, 26 Oct 2010 15:00:00 GMT This Webcast provides an overview of the potential impact on insurance companies if a value added tax (VAT) were to be adopted in the United States. KPMG professionals from Washington National Tax and from our U.S. and European VAT practices discuss the potential implications of the adoption of a VAT and the experiences of insurers in Europe. (October 26, 2010) 1743349993-1743683252 58:37 Wed, 13 Oct 2010 18:00:00 GMT This Webcast provides an overview of tax developments affecting regulated investment companies. Professionals from KPMG LLP's Financial Services and Washington National Tax groups discuss the new reporting requirements for uncertain tax positions, the Regulated Investment Company Modernization Act, and provide an update on the Foreign Account Tax Compliance Act. (October 13, 2010) 1743337201-1743683251 1:00:08 Tue, 12 Oct 2010 18:00:00 GMT This Webcast provides an overview of tax developments affecting the banking industry and their services. Professionals from KPMG LLP's Financial Services and Washington National Tax groups discuss pending legislative proposals, recently enacted international tax provisions, Section 6050W reporting, and provide an update on the Foreign Account Tax Compliance Act. (October 12, 2010) 1743331428-1743681800 1:12:07 Fri, 08 Oct 2010 18:00:00 GMT On September 24, the IRS released the final version of Schedule UTP, Uncertain Tax Position Statement, and related guidance. During this Webcast, the presenters discuss Announcement 2010-75 (release of final Schedule UTP and instructions); Announcement 2010-76 (IRS expansion of its policy of restraint); the new IRS Field Directive on initial guidance addressing Schedule UTP examinations and related matters; and anticipated changes to the Compliance Assurance Program and other IRS initiative programs. Some practical considerations for filing the first Schedule UTP also are covered. (October 8, 2010) 1743330014-1743681799 59:25 Thu, 23 Sep 2010 15:30:00 GMT On July 22, 2010, the Organisation for Economic Co-operation and Development (OECD) released transfer pricing guidelines that both updated prior guidance in Chapters I III relating to method selection and comparability and provided guidance in a new Chapter IX on the transfer pricing issues in the context of business restructuring. These new guidelines represent the results of several years of intensive work by the OECD on exploring issues related to comparability, the use of transactional profit methods, and business restructuring. This TaxWatch Webcast provides a brief overview of the updated guidance in Chapters I III and an in-depth discussion on the Chapter IX business restructuring guidance. (September 23, 2010) 1674998788-1675006250 1:01:38 Wed, 22 Sep 2010 18:00:00 GMT This TaxWatch Webcast covers IRS enforcement trends and initiatives as they relate to the income tax withholding and reporting obligations of U.S. payors and withholding agents under Sections 1441 and 1442, particularly with respect to cross border payments. This is a timely topic as verification of timely compliance with U.S. withholding and reporting obligations has been designated by the IRS as a Tier 1 enforcement issue. (September 22, 2010) 1674995135-1675000862 1:01:21 Tue, 21 Sep 2010 18:00:00 GMT This TaxWatch Webcast includes a discussion around the proposed carried interest provisions (including possible pitfalls and planning considerations). Additionally, partners and professionals from KPMG LLP discuss the potential commercial implications of the proposed legislation for the Fund Industry.(September 21, 2010) 1674993101-1675000861 1:18:33 Tue, 14 Sep 2010 15:00:00 GMT On this TaxWatch Webcast, KPMG professionals have the unique opportunity to discuss the preliminary guidance on the Foreign Account Tax Compliance Act (FATCA) with Steven Musher, Associate Chief Counsel (International) from the IRS. The panel highlights the clarifications made by Notice 2010-60 and discusses what is likely to happen from a legislative and regulatory standpoint before implementation of the FATCA regime in 2013. (September 14, 2010) 1674981938-1675000860 58:45 Tue, 31 Aug 2010 18:00:00 GMT This Webcast focuses on final regulations issued with regard to the new information reporting requirements for payment card and third-party network transactions. Although merchant acquirers are the spotlight of these new rules, other entities that may need to issue information returns include hotel and restaurant chains, oil and gas companies, and those offering prepaid merchandise cards (such as universities, shopping malls, telephone service providers, and transit systems).(August 31, 2010) 1621338399-1625465807 1:10:40 Tue, 17 Aug 2010 18:00:00 GMT This Webcast focuses on the international tax revenue raisers contained in the state aid bill signed into law by President Obama on August 10, 2010. These provisions effectively repeal a number of long-standing, taxpayer-favorable international tax rules. In particular, the Act contains rules to prevent splitting foreign tax credits from the income to which they relate; denial of foreign tax credits upon certain covered asset acquisitions; limitation on the amount of foreign taxes deemed paid with respect to section 956 inclusions; and revision of section 304 in the international context. During this one-hour Webcast, senior professionals from KPMG’s Washington National Tax office review the provisions, as well as other reform developments, and their impact on multinational enterprises. (August 17, 2010) 1621336946-1625465806 1:09:44 Mon, 16 Aug 2010 18:00:00 GMT On March 18, 2010, President Obama signed the Foreign Account Tax Compliance Act (FATCA) into law. This legislation, enacted to prevent offshore tax abuses by U.S. persons, includes a new withholding regime that is designed to achieve this stated intent by imposing a penal withholding tax on certain foreign entities that refuse to disclose the identities of these U.S. persons. On this Webcast, KPMG professionals review the information that is currently available, discuss what can reasonably be done now in preparation for the implementation of the regime in 2013, and look at what is likely to happen in both the short and long terms. (August 16, 2010) 1621330744-1625461676 57:38 Wed, 11 Aug 2010 18:00:00 GMT On this TaxWatch Webcast, partners and professionals from KPMG's Department of Professional Practice and State and Local Tax practices address some of the financial statement and unclaimed property risks associated with non-compliance with the states' unclaimed property reporting requirements and some ideas on how to manage total cash payout. (August 11, 2010) 1625457414-1625461677 1:21:42 Tue, 03 Aug 2010 18:00:00 GMT The recently enacted Healthcare reform legislation and the Hiring Incentives to Restore Employment (HIRE) Act include provisions that may affect companies with international assignment programs. These law changes and other tax developments of interest to international assignees and their employers is the focus of this Webcast. Topics covered include the Healthcare reform legislation; the HIRE Act; and other legislative developments. (August 3, 2010) 1621321913-1625461675 1:29:21 Tue, 27 Jul 2010 18:00:00 GMT With Asia emerging as a major consumer market and companies outgrowing their current footprint of operations there, multinational companies are making changes to their supply chains in the region to keep pace and adapt to the current environment, as well as position themselves for future growth. This Webcast focuses on how corporate tax, transfer pricing, value-added tax, and customs and duties are affected under several alternate scenarios of the Asia segment of a global supply chain. (July 27, 2010) 1621091850-1621118248 1:19:23 Mon, 26 Jul 2010 18:00:00 GMT This discussion provides an overview of tax developments affecting the banking industry and their services. Topics include the Administration’s proposed bank tax; recent developments in state and local tax; and an update on loan modifications and FDIC-assisted transactions. (July 26, 2010) 1621086107-1621118247 58:56 Wed, 14 Jul 2010 18:00:00 GMT According to a new whitepaper from KPMG International, Driving Indirect Tax Performance: Managing the Global Reform Challenge, the new economic realities faced by governments around the world mean that significant reforms are about to take place. These reforms are expected to accelerate the shift away from direct taxes towards indirect taxes, like VAT, presenting many new risks, challenges and opportunities for businesses operating globally. On this TaxWatch Webcast, partners and professionals from KPMG's Global Indirect Tax practice discuss issues outlined in the whitepaper. (July 14, 2010) 1621081669-1621118246 1:03:35 Mon, 12 Jul 2010 18:00:00 GMT Notice 2010-50 was issued by the IRS recently and describes several acceptable methodologies for measuring owner shifts for section 382 purposes when a loss corporation has more than one class of outstanding stock. In addition to allowing the section 382 analysis to take shifts attributable to fluctuations in relative value into account, the notice provides two alternative methodologies for backing out the effect of such fluctuations. The notice also allows for various alternative approaches to a number of components of each methodology. During this TaxWatch Webcast, KPMG partners and professionals explain the notice and the differences between the alternative approaches. (July 12, 2010) 1621080077-1621118245 1:45:15 Tue, 29 Jun 2010 18:00:00 GMT In the third of a 3-part series on tax controversy issues, professionals from KPMG’s Washington National Tax and Tax Controversy Services practices discuss IRS trends and initiatives as they relate to tax audits and other controversy issues. (June 29, 2010) 1604029159-1604032632 58:34 Mon, 28 Jun 2010 18:00:00 GMT This one-hour Webcast provides an overview of tax developments affecting insurance companies and their products. Professionals from KPMG LLP's Financial Institutions and Products group within Washington National Tax provide a comprehensive overview. The topics covered include AG 43 Notice, a FATCA Update; SA DRD Update; and other timely topics. (June 28, 2010) 1604026005-1604032631 1:05:51 Thu, 24 Jun 2010 16:00:00 GMT With each state in the U.S. implementing and administering their own sales tax, there are inherent complexities within each state’s laws. This Special Topics Webcast goes into closer detail on some of the discrete issues that are of interest to most businesses, like items surrounding drop shipments, taxation of moveable property and general leasing issues.(June 24, 2010) 1604023835-1604032630 56:12 Thu, 17 Jun 2010 18:00:00 GMT In 2009, these three states moved from a separate reporting regime to combined reporting and this Webcast gave an overview of the combined reporting requirements in each state and potential issues that taxpayers need to be aware of as they prepare to file 2009 reports. (June 17, 2010) 1604020997-1604032629 1:39:35 Fri, 11 Jun 2010 18:00:00 GMT U.S. Customs and Border Protection (CBP) regulations and guidelines for supporting and documenting related-party pricing are different from those of the IRS. However, recent developments may evidence a shift in CBP policy towards greater reliance on transfer pricing methods to support customs related-party pricing. This Webcast provides on the background and facts surrounding CBP’s recent valuation rulings related to transfer pricing, as well as recent developments at the World Customs Organization that indicate growing acceptance of certain Organisation for Economic Co-operation and Development methods to support customs related-party values. The Webcast also includes a discussion on how importer-taxpayers may be able to coordinate their tax transfer pricing planning in ways that may facilitate CBP documentation requirements to support customs related-party pricing. (June 11, 2010) 1604017109-1604032628 1:00:42 Mon, 07 Jun 2010 18:00:00 GMT This Webcast provides an overview of the international tax provisions proposed in the American Jobs and Closing Tax Loopholes Act of 2010. While some specifics may change as the bill works its way through Congress, the legislation, if enacted, may have a significant impact on U.S.-based multinational companies. The discussion covers the various foreign tax credit reform proposals; other provisions with international tax impact, including changes related to sections 304(b)(5) and 6501(c)(8), the boot within gain limitation, and "80/20" companies; and next steps and possible timing in the legislative process as of the Webcast date. (June 7, 2010) 1604013354-1604032627 1:24:12 Thu, 27 May 2010 16:00:00 GMT On this Webcast, professionals from our State and Local Tax Washington National Tax group give an overview of state sales tax and the compliance issues related to exemption certificates documenting such exemptions. (May 27, 2010) 1603987528-1604000939 57:31 Tue, 11 May 2010 18:00:00 GMT On this Webcast, professionals from our State and Local Tax Washington National Tax group discuss recently enacted legislation, a number of significant legislative proposals that are important to taxpayers but remain outstanding, and significant tax increases that were recently signed into law in Washington state. (May 11, 2010) 1603984422-1604000938 1:02:40 Wed, 05 May 2010 18:00:00 GMT In this second Webcast of a 3-part series on tax controversy issues, KPMG LLP’s Tax Controversy professionals discuss the resolution strategies companies need to consider when faced with an unagreed case. Topics covered in this session include the Form 5701 Process; Early Referral, and when it makes sense; Fast Track Resolution; Traditional Appeals; and Post Appeals Mediation and Arbitration. (May 5, 2010) 1603980059-1604003217 1:40:30 Tue, 04 May 2010 18:00:00 GMT This Webcast covers the latest developments on reporting by U.S. persons of foreign financial accounts on Form TD F 90-22.1 (commonly referred to as the FBAR). Guidance issued in early 2010 by the IRS is critical for filing 2009 FBAR reports due June 30, 2010. The discussion also addresses who must file the FBAR; what is considered a foreign financial account; exceptions from the reporting requirement; penalties that may be imposed for reporting failures; and other related topics. (May 4, 2010) 1603974324-1604000936 57:16 Mon, 03 May 2010 17:00:00 GMT Can you use financial statement valuations for transfer pricing? While the valuation of intangibles for financial statement purposes may be a useful start for tax and transfer pricing, the differences -in objectives and uses, methods and assumptions, and required documentation levels -abound. Presented by senior-level professionals with extensive experience in international tax, transfer pricing, and valuations, this Webcast provides an overview of requirements for valuations of intangibles for both purchase price allocation (PPA) purposes and transfer pricing purposes. Understanding the underlying concepts and methodologies for these two different requirements may allow taxpayers to adapt and draw on PPA work for transfer pricing, identify what additional work has be done to make this possible, and find ways of using assumptions derived from PPAs to help strengthen their position in an IRS transfer pricing audit. (May 3, 2010) 1603972397-1604000935 1:02:39