US-Brazil Technical Program
The Technical Program will consist of 2 days of panel sessions, Monday May 17 and Tuesday May 18, 2010.
| Monday, May 17, 2010 | |||
| 8:00 a.m. | Registration opens | ||
| 8:45 - 9:00 a.m. |
Welcome Remarks | ||
| Steven J. Cohen, President IFA U.S.A. Branch | |||
| Richard L. Winston, U.S.A. Chair of the U.S.A.-Brazil Joint Meeting | |||
| 9:00 - 10:30 a.m. |
Panel 1: Acquisition and Sale of U.S. Companies by Brazilian Companies | ||
| Choice of Entity Decisions, Double Taxation Concerns, Brazilian CFC Issues, Repatriation of Earnings, etc. | |||
| Chair: | Gregory May, Freshfields Bruckhaus Deringer LLP | ||
| Panelists: | Edward C. Osterberg Jr., Vinson & Elkins, LLP | ||
| Roberto Barrieu, Souza, Cescon, Barrieu & Flesch Advogados | |||
| Daniel Paço, Petrobras, International Tax Department | |||
| Sérgio André Rocha, Ernst & Young | |||
| 10:30 - 10:45 a.m. |
Refreshment Break | ||
| 10:45 a.m. - 12:15 p.m. |
Panel 2: Tax Litigation in Brazil and in the United States | ||
| Navigating a Brazilian Tax System with Cases of Long Duration, High Tax Penalties, and No Formal Administrative Resolution Process (and Contrasting that System with the U.S. Tax System). | |||
| Chair: | John B. Magee, Bingham McCutchen LLP | ||
| Panelists: | Raquel Preto, Preto Advogados | ||
| Silvânia Tognetti, Barbosa, Müssnich Aragão Advogados | |||
| Karem Jureidini Dias, Rivitti e Dias Advogados, and Judge of Superior Chamber of Federal Tax Appeals | |||
| Julia Kazaks, Skadden, Arps, Slate, Meagher & Flom LLP | |||
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| 12:15 – 1:30 p.m. |
Lunch | ||
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Keynote Speaker: Chief Justice Myron T. Steele, Chief Justice of the Delaware Supreme Court | |||
| 1:30 - 3:00 p.m. |
Panel 3: Acquisition and Sale of Brazilian Companies by U.S. Companies | ||
| Choice of Entity, Amortization of Goodwill, FIP Structures, "Interest on Equity,” Debt/Equity Decisions, Thin Capitalization Rules, Holding Company Structures, etc.: (i) Large Company Deals; (ii) Private Equity Deals | |||
| Chair: | Peter H. Blessing, Shearman & Sterling LLP | ||
| Panelists: | Gary Friedman, Debevoise & Plimpton LLP | ||
| Ana Cláudia Utumi, TozziniFreire Advogados | |||
| Celso de Paula Ferreira da Costa, Machado, Meyer, Sendacz e Opice Advogados | |||
| Jeffrey H. Aiken, Carestream Health, Inc. | |||
| 3:00 - 3:15 p.m. |
Refreshment Break | ||
| 3:15 - 4:45 p.m. |
Panel 4: Special Topics on Transfer Pricing | ||
| The Effects of Brazilian Transfer Pricing in Business Restructurings and Ongoing Operations. Main differences between U.S. and Brazilian Rules. | |||
| Chair: | Steven P. Hannes, McDermott Will & Emery LLP | ||
| Panelists: | Luciana Rosanova Galhardo, Pinheiro Neto Advogados | ||
| Gil Falleiros Mendes, Ernst & Young Serviçios Tributários S.S. | |||
| Simone Dias Musa, Trench Rossi e Watanabe (Baker & McKenzie) | |||
| 6:45 - 10:00 p.m. |
Reception and Dinner | ||
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Tuesday, May 18, 2010 | |||
| 9:00 - 10:30 a.m. |
Panel 5: Ongoing U.S.-Brazil Tax Treaty Negotiations | ||
| Are the Differences In Positions Irreconcilable?: The Panel Will Address Issues Such as Article 7, Withholding Tax Rate Reductions, Credit Sparing, Tax Information Exchange, etc. | |||
| Chair: | Philip R. West, Steptoe & Johnson LLP | ||
| Panelists: | Peter M. Daub, Baker & McKenzie LLP | ||
| Renata Emery, Xavier, Bernardes, Bragança - Scoiedade de Advogados | |||
| André Carvalho, Veirano Advogados | |||
| Luiz Felipe Centeno Ferraz, Demarest e Almeida Advogados | |||
| 10:30 - 10:45 a.m. |
Refreshment Break | ||
| 10:45 - 12:15 p.m. |
Panel 6: New Brazilian Concepts of Tax Blacklisting | ||
| Analyzing the New Concept of the Brazilian "Tax Haven.” Will the Delaware LLC and LLCs in Other US States Ultimately Be Affected? What Alternative Structures Are Being Considered By Inbound Investors? | |||
| Chair: | Richard L. Winston, K&L Gates LLP | ||
| Panelists: | Andrea Bazzo Laulletta, Mattos Filho Veiga Filho Marrey Jr e Quiroga Advogados | ||
| André Gomes de Oliveira, Castro, Barros, Sobral, Gomes Advogados | |||
| Marcelo Natale Rodriguez, Deloitte New York | |||
| Richard J. Geisenberger, Assistant Secretary of State, and Director of Corporations, State of Delaware | |||
| 12:15 - 1:45 p.m. |
Lunch | ||
| Speaker: TBD | |||
| 1:45 - 2:45 p.m. |
Panel 7: Distribution of Goods and Supply Chain Management Strategies | ||
| Addressing Various Supply Chain/Distribution Models to Access the Brazilian and U.S. Markets with Special Focus on Models that Combat High Brazilian Import Taxes. | |||
| Chair: | Jose Leiman, KPMG LLP | ||
| Panelists: | João Dácio Rolim, Rolim, Godoi, Viotti e Leite de Campos Advogados | ||
| Henrique De Oliveira Lopes Da Silva, KLA-Koury Lopes Advogados | |||
| Igor Mauler Santiago, Sacha Calmon – Misabel Derzi Consultores e Advogados | |||
| 2:45 - 3:00 p.m. |
Refreshment Break | ||
| 3:00 - 4:15 p.m. |
Panel 8:Special Topics in Licensing Into Brazil and Into the United States | ||
| Exploring the Unique Brazilian Rules that Impose Major Restrictions on the Ability of Most U.S. Multinational Corporations to Utilize Simple Licensing Models; Exploring Alternative Structures When Attempting to Import Technology into Brazil and the United States. | |||
| Chair: | Eduardo Pupo, PricewaterhouseCoopers LLP | ||
| Panelists: | Lionel Nobre, Dell Computers, Latin America Tax Manager | ||
| Roberto Lima Pessoa, Amaral Gurgel Fischer & Forster Advogados | |||
| Marienne Mendonça Shiota Coutinho, KPMG | |||
| 4:15 - 5:45 p.m. |
Panel 9: Tax Treaty Workshop | ||
| Discussing Compromise Proposals for Both Countries to Improve the Environment for Continuing Bilateral Treaty Negotiations—Open Q&A and Commentary | |||
| Chair: | Peter J. Connors, Orrick, Herrington & Sutcliffe LLP | ||
| Keynote Speaker: | Marcos Aurelio Valadão, Brazil Federal Revenue, Head of International Tax Affairs | ||
| Panelists: | Antonio Carlos Florêncio de Abreu e Silva, Mello Martins – Tess Advogados | ||
| Roberto Pasqualin, Pasqualin Advogados | |||
| 5:45 p.m. | Closing and acknowledgements | ||
5/7/10 1:51 PM
Joint Meeting