Thomson Reuters Corporate Tax Expert to Speak at Networking Seminars
Providing Insight into Corporate Business Finance Topics
Corporate tax expert Michael DeSimone from the Tax & Accounting business of Thomson Reuters will provide insight on practical issues involving the calculation of earnings and profits, as well as the challenges of transparency requirements for international tax accounting at upcoming conferences, hosted by Networking Seminars Inc., in New York.
At the Introduction to International Tax conference on Dec. 3, DeSimone will walk through the computing process during his presentation on Earnings and Profits. “Although calculating earnings and profits is not required each year for returns,” explained Michael DeSimone, Transfer Pricing senior manager, Tax & Accounting business of Thomson Reuters; “when doing proactive planning, you need to know where you stand with earnings and profits to avoid having repatriations reclassified as a return of capital and to ensure the amount of the repatriation is actually qualified as a dividend.”
On Dec. 4, Desimone will speak at the International Tax Update conference to provide guidance in dealing with FAS 109, FIN 48, and Sarbanes-Oxley requirements during his presentation on International Tax Accounting and Transparency. “The continued evolution of tax legislation and interpretations is having a dramatic impact on companies’ financial statements,” said DeSimone. “Understanding the interplay is crucial to avoid potential restatement issues.”
DeSimone supports the ONESOURCE™ Transfer Pricing product within the Tax & Accounting business of Thomson Reuters, which provides expertise through its complete transfer pricing solution. He works with clients to analyze their business operations and international tax structures as used by the ONESOURCE Transfer Pricing product suite. DeSimone has 28 years of tax experience with Fortune 500 companies and is an attorney licensed to practice in New York and New Jersey. He has been responsible for tax strategies involving supply chain management and logistics, commissionaires, IP migration, holding company structures, and multi-jurisdiction financing/credit agreements, as well as successfully defending these strategies before the IRS and various foreign tax authorities.
For more information on ONESOURCE Transfer Pricing (formerly CrossBorder Solutions) from Thomson Reuters, visit http://www.onesource.thomsonreuters.com/incometax/transferpricing or call 212-404-8600. For more information on Networking Seminars Inc., visit http://www.networkingseminars.net/.
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