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Will the EU and the OECD Decide U.S. Tax Reform?

21 October 2014

While U.S. tax reform has stalled and Congress is distracted by the debate over corporate inversions, the European Union and the OECD are taking substantive actions on tax reform. A number of multilateral actions in other countries could either influence U.S. tax policy going forward or further isolate U.S. tax policy from other jurisdictions, including:

  • The impact on tax policy of recent elections and key organizational changes in the EU;
  • The OECD BEPS project;
  • EU state aid investigations;
  • Imposition of an EU financial transactions tax;
  • Implementation of FATCA;
  • Development of Common Reporting Standards; and
  • Efforts at IFRS convergence.

On Tuesday, October 21 a distinguished panel of K&L Gates practitioners from our offices in Brussels, Frankfurt, London, Paris, and Washington, D.C. offered their perspectives on international tax developments and how multilateral cooperation in the rest of the world might impact U.S. tax policy and the operations of U.S. multinationals.

Our panel represents an impressive and diverse array of experience, including former members of the European Parliament, officials in the European Commission, and recognized corporate, tax, and financial services professionals across Europe:

  • Sean P. Donovan-Smith, Partner, London
  • Bertrand Dussert, Partner, Paris
  • Ignasi Guardans, Partner, Brussels
  • Rainer Schmitt, Partner, Frankfurt
  • Philip Torbøl, Partner, Brussels
  • Mary Burke Baker, Government Affairs Advisor, Washington, D.C.