Saturday, January 20

8:30AM – 10:30AM

Transfer Pricing

Chair:  David J. Canale, Ernst & Young LLP, Washington, DC

8:30am                  Tax Provisions and Transfer Pricing: Implications of
     FIN 48 on Intercompany Transactions. Overview of
     the financial accounting principles governing
     uncertain tax positions as those principles apply to
     transfer pricing, including a discussion of FASB
     Interpretation No. 48 on the application of FAS 109.
     The program includes a discussion of practical
     implications for establishing and removing tax
     reserves for transfer pricing transactions. 
     Moderator:  Dean Jorgensen, Grant Thornton,
     Washington, DC. Panelists: Steven C. Wrappe,
     Mayer Brown Rowe & Maw LLP, Washington, DC;
     Anthony O’Donnell, Schering-Plough, Kenilworth,
     NJ.

9:30am                  Management of Corporate Transfer Pricing Issues. In-
     house transfer pricing professionals will discuss the
     issues they face in dealing with intercompany
     transactions.  Topics to include planning,
     documenting for tax and financial statement
     purposes, defending in multiple jurisdictions and how
     outside advisors can best assist them.  Moderator:
     Clisson Rexford, Akzo-Nobel Inc, Chicago, IL.
     Panelists: Anthony O’Donnell, Schering-Plough,
     Kenilworth, NJ.