1 The National Multistate Tax Symposium February 6-8, 2008 Disney s Grand Floridian Resort & Spa
2 The 2008 National Multistate Tax Symposium Wednesday, February 6 3:30 5:00 p.m. - Florida Tax Matters Moderator - Jerry Gattegno, Senior Partner, Deloitte Tax LLP Kevin Herzberg, Southeast Managing Director, True Partners Consulting LLC Marshall Stranburg, General Counsel, Florida Department of Revenue (FDOR) Rex D. Ware, Partner, Fowler White Boggs Banker P.A. In this bonus presentation, you ll get an update on the latest tax developments in Florida as we focus on the upcoming 2008 Florida legislative session, recently decided cases and those making their way through the Florida courts. We ll also discuss current Florida sales tax technical advisements and topical corporate income tax issues being addressed by the FDOR. OPTIONAL 6:00 8:00 p.m. Registration and Welcome Reception Get connected! Join an Old World Southern Florida reception with delicious food and cocktails. Meet The Symposium speakers and board members, network with other tax executives, and begin the process of staying connected during two days of terrific content at The 2008 National Multistate Tax Symposium. DAY ONE Thursday, February 7 7:00 a.m. Registration and Breakfast 7:15 8:15 a.m. - Ethics And The State Tax Practitioner Mitchell I. Horowitz, Statewide Corporate Practice Group Leader, Fowler White Boggs Banker P.A. Jeffrey Hyde, Senior Tax Counsel, General Electric Capital Corporation Frank Yanover, Senior Tax Counsel, General Electric Company Start the day early with this practical course on ethics for state tax practitioners as the panel explores evolving ethics rules and related topics using real-life examples. Expect audience involvement as we analyze ethical issues and develop potential solutions. This session qualifies for one hour of CLE ethics credit. OPTIONAL 8:30 8:45 a.m. - Welcome and Opening Remarks Kenneth D. Reichel, National Managing Partner, Multistate Tax Services, Deloitte Tax LLP Edward E. Sawyer, Chair, Tax Section of the Florida Bar and Partner, White & Case LLP William D. Townsend, Partner, Fowler White Boggs Banker P.A. 8:45 9:45 a.m. Anatomy of an Audit Negotiation Moderator - Richard L. Lieberman, Principal, Deloitte Tax LLP Jeffrey S. Blum, Director, Deloitte Tax LLP Loren L. Chumley, Principal, KPMG LLP Mike Kinasz, State and Local Tax Manager, Exelon Corporation Dawn Mayhew, Vice President Finance, State and Local Tax Counsel, NBC Universal, Inc. How would you like to be a fly on the wall as opposing sides prepare for an audit conference? Don t miss this opportunity to get a behind the scenes look at a state audit negotiation from both the taxpayer and tax administrator s standpoint. The panel of leading industry specialists and former senior state tax officials will play the role of auditor, auditor s supervisor, taxpayer and taxpayer advocate in this lively and informative forum. 9:45 10:45 a.m. - State Officials Panel: California, Florida, Michigan, New York and Texas, Respectively Moderator - James W. Wetzler, Director, Deloitte Tax LLP Norman Scott, Esq., Senior Tax Counsel, California Franchise Tax Board Lisa Echeverri, Executive Director, Florida Department of Revenue Dale P. Vettel, Director of Tax Policy, Michigan Department of Treasury William J. Comiskey, Deputy Commissioner of Tax Enforcement, NYS Department of Taxation and Finance Michael Reissig, Associate Deputy Comptroller for Tax and Fiscal Policy, Texas Comptroller of Public Accounts This panel will provide you with up to the minute insights from those state tax officials with the responsibility and authority to make it happen in California, Florida, Michigan, New York and Texas respectively. Moderated by a former New York State Tax Commissioner, you ll get the latest views on legislative changes, judicial developments and how these states administer their complex tax laws. 10:45 11:00 a.m. Break 11:00 a.m. 12:00 p.m. Elective Breakouts: Session 1 (See Breakout descriptions at the end of the agenda) 12:00 1:30 p.m. - Lunch and Luncheon Address: Staying Connected through Effective Networking Jennifer Jordan, Senior Manager, Deloitte Tax LLP Stephen Olivier, Manager of Excise Tax Advice, Chevron Corporation Karen Warner, Partner, Deloitte Tax LLP David White, Assistant Vice President of Tax Policy, AT&T Enhance your networking skills while enjoying this working lunch. You ll pick up thoughts on how to create and communicate an elevator speech, know when and how to use it, plus uncover numerous networking tips that you ll put to immediate use.
3 The Art of Practicing Multistate Tax M&A M&A Breakout Sessions 1:45 2:35 p.m. First M&A Breakout Session 2:45 3:35 p.m. Second M&A Breakout Session Structuring M&A Transactions: The Importance of Arriving Early to the Deal Post-Transaction Integration: Turning Good Ideas into Action State Taxation of Troubled Companies Breakout descriptions appear at the end of this agenda (please choose two) 3:35 3:50 p.m. Break 3:50 5:00 p.m. Multistate Tax M&A Due Diligence: A Conversation with the Pros Moderators - Anne Buettner, Senior Vice President Corporate Taxes, The Walt Disney Company Jerry Gattegno, Senior Partner, Deloitte Tax LLP William L. Backstrom, Jr., Partner; Chair, State and Local Tax Practice, Jones Walker Bobby L. Burgner, Senior Tax Counsel and Director, State & Local Taxes, General Electric Company Arnold McClellan, Regional Managing Partner, M&A Transaction Services, Deloitte Tax LLP Michael W. Poole, Principal, PCE Investment Bankers Edward E. Sawyer, Chair, Tax Section of the Florida Bar and Partner, White & Case LLP Effective multistate tax M&A due diligence is a careful blend of art and science. Often, the success or failure of a deal rests heavily on how well the due diligence specialists consider the many complex tax and accounting issues associated with the target. Don t miss this unique opportunity to hear from, and interact with, experienced front-line M&A players as they discuss the most critical state and local tax issues in the due diligence process. 5:00 p.m. Break 6:30 p.m. Dinner Event: American Adventure Rotunda, Epcot Relive our Country s past in the beautiful setting of Epcot s classic 18th century American Adventure Rotunda. Join us for a gala dinner followed by an exclusive dessert party overlooking the World Showcase Lagoon and a grand finale viewing of the premier nighttime spectacular, IllumiNations: Reflections of the Earth. DAY TWO Friday, February 8 7:30 8:30 a.m. Breakfast 8:30 9:30 a.m. A Lively Debate with Frankel and Pomp Paul H. Frankel, Esq., Partner, Morrison & Foerster LLP Richard D. Pomp, Esq., Alva P. Loiselle Professor of Law, University of Connecticut This entertaining and informative closing-day session is a perennial favorite. Join us as Paul Frankel, noted litigator for taxpayers, and Richard Pomp, respected author and expert witness for state departments of revenue, engage in a light-hearted debate on the latest hot topics in state tax litigation. 9:30 10:30 a.m. - Speed Networking: Staying Connected with State Officials and Your Peers This session will be a great opportunity to meet state tax officials and tax professionals in a speed dating setting that will be fun and will increase your professional and personal network. Make sure your elevator speech is polished and ready for this exciting event. 10:30 10:45 a.m. Break 10:45-11:45 a.m. UDITPA: Future Trends Joe Huddleston, Executive Director, Multistate Tax Commission (MTC) Douglas L. Lindholm, President, Council On State Taxation The existence of The Uniform Division of Income for Tax Purposes Act (UDITPA) dates to the mid-1950s when the US economy was principally manufacturing based. Discover what updates may be in store for UDITPA in an attempt to make it more relevant in today s vastly different economic environment. Learn about the technical and administrative issues being considered, the challenges being raised, and how pending changes could impact your business. Two of the top experts in the field, one representing the viewpoint of taxpayers and the other representing the perspective of the MTC, will engage in a point/counterpoint discussion. 12:00 1:30 p.m. Lunch and Keynote Address: Managing Risk before it Manages You Tom Ridge, Former Two-Term Governor of Pennsylvania and First U.S. Secretary of Homeland Security The Honorable Tom Ridge will discuss managing risk, as well as the attributes of leadership and his experience in creating the Nation s first Department of Homeland Security. 1:45 2:45 p.m. - Elective Breakouts: Session 2 (See Breakout descriptions at the end of the agenda) 2:55 3:55 p.m. - Elective Breakouts: Session 3 (See Breakout descriptions at the end of the agenda)
4 ELECTIVE BREAKOUTS FAS 109/FIN 48: Lessons Learned from the 2007 Tax Provision Process Ann Holley, Partner, KPMG LLP Patrice Mano, Senior Manager, Deloitte Tax LLP Brian D. Myers, Executive Director, Ernst and Young LLP Philip M. Zinn, National Practice Leader, State and Local Tax, PricewaterhouseCoopers LLP Now that FIN 48 implementation is complete and the 2007 tax provision is wrapping up for most calendar year-end companies, take this opportunity to review the important multistate tax lessons learned and consider where we go from here. Listen to this panel of Big-Four multistate tax accounting experts as they discuss their views on a variety of topics including financial statement documentation, FIN 48 disclosure requirements, establishing reserves for new uncertain state tax positions and techniques for taking down state tax reserves. State Taxation of Executive Compensation Paul Buchman, Senior Director State Taxes, Tyco International (US), Inc. Christopher J. Sullivan Esq., Partner, Rath, Young and Pignatelli, P.C. As recipients of executive compensation packages increase their mobility, there are numerous state tax issues that should be considered including sourcing, withholding, residency, payroll tax and federal conformity. Hear the experts discuss their latest thinking on this subject and ways to practically deal with the myriad of technical rules and potential state and local tax filing obligations. Hot Topics: State Income Tax Brian O Leary, Vice President, Tax Counsel, NBC Universal, Inc. Arthur R. Rosen, Partner, McDermott Will & Emery LLP Marilyn A. Wethekam, Partner, Horwood Marcus & Berk Chtd. This panel will update you on the current thinking and developments covering a wide range of income tax topics including economic nexus, flash title, gross versus net sales factor litigation and regulatory activity, tax base modifications, apportionment methodologies, and many more hot state income tax issues. Hot Topics: Sales and Use Tax Michele Borens, Associate, Sutherland, Asbill & Brennan LLP Janette M. Lohman, Partner, Thompson Coburn LLP Stacey Sprinkle, Vice President - State Tax Policy, Midwest Area for Verizon Wireless What are the key issues in the sales and use tax area? Clearly there are the recurring areas such as SSTP developments, taxation of remote sellers, drop shipments, and bundled transactions. But many emerging issues stemming from a digital economy and the need to manage risks within a transaction tax environment have become more relevant. Our panel will discuss these and many other important developments in the sales and use tax area. Gross Receipts Taxes Moderator - Chuck Mueller, Director, State and Local Taxes, PepsiCo Brad J. Brookner, Director, Deloitte Tax LLP Hollis L. Hyans, Partner, Morrison & Foerster LLP Patrick R. Van Tiflin, Partner, Honigman Miller Schwartz and Cohn LLP Michigan continued the recent trend toward gross receipts-type taxes when it enacted the Michigan Business Tax a few months ago. Join this expert panel as they discuss, compare and contrast the gross receipts tax rules in Michigan, Texas and Ohio with a particular emphasis on the recently enacted Michigan deferred tax legislation, the Texas Technical Corrections Bill, and Ohio CAT administrative developments. State Tax Credits: Unearthing Hidden Opportunities Craig B. Fields, Partner, Morrison & Foerster LLP John C. von Lehe, Jr., Partner, Nelson Mullins LLP Jim Watts, Principal, Deloitte Tax LLP If you want to know more about the state tax credits available to corporate taxpayers, don t miss this unique opportunity to hear three top state tax credit specialists discuss credit opportunities available to virtually every business and industry. M&A BREAKOUTS Structuring Transactions: The Importance of Arriving Early to the Deal Moderator - William D. Townsend, Partner, Fowler White Boggs Banker P.A. Kenneth J. Cotty, Partner, Deloitte Tax LLP Jeffrey A. Friedman, Partner, Sutherland Asbill & Brennan LLP Donald J. Guzior, Senior Manager, Tax Attorney - Audit, Sara Lee Corporation Tax advisors usually have a limited window of time to affect the structure of a transaction and the state and local tax results that follow. It s therefore critical to understand tax and business structural issues fundamental to the transaction. Don t miss this chance to learn more about acquisition indebtedness placement, acquired state NOLs, intercompany transactions and other important structuring topics. Post-Transaction Integration: Turning Good Ideas into Action Jordan M. Goodman, Partner, Horwood, Marcus & Berk Chtd. Kurt Heinrichson, Partner, Deloitte Tax LLP Cathy Stevens, Manager, State and Local Taxes, Audits & Planning, Brunswick Corporation Due diligence reports are often rich with multistate tax ideas that can potentially improve the tax posture of the buyer and/or target for years to come. Often, though, these great ideas don t get implemented after the transaction is complete. Without swift action, even the best state tax ideas lose momentum. Learn the critical steps you can take beginning with day-one to prioritize, execute, and track multistate tax opportunities derived from an M&A transaction. State Taxation of Troubled Companies Jonathan Kushner, Principal, Deloitte Tax LLP Todd F. Maynes P.C., Partner, Kirkland & Ellis LLP Alex Meleney, Principal, Deloitte Tax LLP Financially troubled companies need to understand the federal and state tax issues surrounding formal and informal workouts including cancellation of indebtedness income, net operating loss utilization, attribute reduction, basis adjustments, tax filing obligations, and pre and post bankruptcy filing related matters. These and other issues will be discussed by experienced practitioners who work in this area on a daily basis.
5 Additional Information WHAT THE 2008 NATIONAL MULTISTATE TAX SYMPOSIUM IS ALL ABOUT The 2008 National Multistate Tax Symposium provides a world-class, value-driven educational forum where leading authorities in multistate taxation from industry, state government, and professional service firms address the most pressing issues and current trends in state and local taxation. The Symposium offers an extensive curriculum, presented from a highly practical standpoint, which is focused on a broad range of issues facing tax executives. This forum will provide an opportunity for extensive interaction and collaboration with the speakers, state tax officials and other attendees nationwide. Who Should Attend Multistate tax professionals including Vice Presidents of Tax, Tax Directors, State Tax Directors, State Tax Managers, and other multistate professionals seeking expert discussion of the latest in state tax technical, legislative, administrative and planning developments. How To Register Due to limited availability for this conference, we strongly advise you to register early at The Early Bird registration fee of $820 is available for early registrants through December 20, Thereafter, the registration fee will be $945. The registration fee includes tuition, course materials, evening events and all group meals throughout the conference. It does not include air transportation or accommodations. Accommodations The Symposium will be held at Disney s Grand Floridian Resort & Spa, Orlando, Florida. We have reserved a limited number of rooms for participants at the rate of $259, plus applicable tax. Please do not contact the hotel directly. You will have an opportunity to select your desired hotel reservations when you register, including additional days before and after the conference. Special Benefits Available to Registrants Disney s Grand Floridian Resort & Spa is offering a reduced rate of $259 for three days prior to and three days following The National Multistate Tax Symposium (based on hotel availability). Also, specially priced Theme Park tickets are available to The Symposium attendees, their guests and family members. Additional information on these benefits is available on our registration site. Transportation Disney s Grand Floridian Resort & Spa is approximately 45 minutes from Orlando International Airport. The cost of airport transportation for a taxi is approximately $50; private car service is $75 from and $65 to Orlando International Airport, and may be arranged by calling Mears Transportation at (407) Disney s Magical Express service, complimentary transportation from Orlando International Airport and delivery of your bags to your room, is available to you as well. You may book this service after January 18, 2008, by dialing (407) Please be prepared to provide your flight number and airline information. Attire The attire is business casual for daytime sessions. For Wednesday s Welcome Reception and Thursday s Dinner Event, casual attire is encouraged. A sweater or jacket may be appropriate for evening events. Evening Events Your guests are invited to attend Wednesday s Welcome Reception and Thursday s American Adventure Rotunda and IllumiNations Dinner Event for an additional fee. Continuing Education Florida Bar members who attend this program will receive up to 12.5 hours of general CLER and 1 hour ethics. This program also qualifies for up to 13.5 hours of tax certification CPE Credits, Taxes (under consideration) Cancellation Refunds will be issued for cancellations received prior to January 11, For More Information: Registration/Hotel Reservations: Melissa Price Valerie Yarbrough Josephine Castronovo Deloitte Services LP The Florida Bar Deloitte Services LP CPE Credit Information Program Level: Advanced; Instructional Delivery Method: Group Live Learning Objectives: To understand the latest developments and current issues in multiple areas of state and local taxes. To gain knowledge on key accounting and tax provisions matters including FIN 48, FAS 109 and FAS 5. CPE: 13.5 Credits (under consideration), Subject Area: Auditing and Taxes Complaint Resolution Policy: To register complaints about content or delivery method, contact Gretchen Rombold, To register complaints about CPE issues, contact the National CPE Group at Official National Registry of CPE Sponsors Statement: Deloitte & Touche USA LLP, Deloitte & Touche LLP, and Deloitte Tax LLP are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be addressed to: National Registry of CPE Sponsors 150 Fourth Avenue North Nashville, TN In accordance with the standards of the National Registry of CPE Sponsors, CPE credits [will be] granted based on a 50-minute hour. NASBA National Registry of CPE Sponsors: Sponsor License Number State of New York: Sponsor License Number , State of Illinois: Sponsor License Number Program Evaluation Information: Evaluations will be distributed at the program event.
6 S T A Y I N G C O N N E C T E D The 2008 National Multistate Tax Symposium Advisory Board Chairs: Kenneth Reichel, Deloitte Tax LLP William Townsend, Fowler White Boggs Banker P.A. William Backstrom, Jr., Jones Walker Paul Buchman, Tyco International (US), Inc Anne Buettner, The Walt Disney Company Jim Buresh, Retired Partner, Deloitte Tax LLP Harley Duncan, Federation of Tax Administrators Paul Frankel, Morison & Foerster LLP Jerry Gattegno, Deloitte Tax LLP Jordan Goodman, Horwood Marcus & Berk Chtd. Donald Guzior, Sara Lee Corporation Kevin Herzberg, True Partners Consulting LLC Mitchell Horowitz, Fowler White Boggs Banker P.A Douglas Lindholm, Council On State Taxation Janette Lohman, Thompson Coburn LLP Chuck Mueller, PepsiCo Brian O Leary, NBC Universal, Inc Edward Sawyer, White & Case LLP Stacey Sprinkle, Verizon Wireless Rex Ware, Fowler White Boggs Banker P.A. Ex-Officio: Kenneth Leikam, Deloitte Tax LLP Symposium Site Disney s Grand Floridian Resort & Spa 4401 Grand Floridian Way Lake Buena Vista, Florida, , USA (407)