Friday, January 19

3:30PM - 5:30PM

US Activities of Foreigners and Tax Treaties

Chair:  William S. Dixon, Citigroup Global Markets Inc, New York, NY

3:30 pm                 US Trade or Business Issues in Lending Transactions.  The panel will examine the tax considerations associated with a non-US person entering into various types of lending-related agreements or relationships in the US.  Moderator: William S. Dixon, Citigroup Global Markets Inc, New York, NY.  Panelists:  Daniel C. Kolb, Ropes & Gray LLP, New York, NY; David S. Miller, Cadwalader Wickersham & Taft LLP, New York, NY; W. Kirk Wallace, Skadden Arps Slate Meagher & Flom LLP, New York, NY.

4:30 pm                 Portfolio Interest.  This panel will survey a number of vexing issues surrounding the interpretation and application of the rules pertaining to portfolio interest in a number of contemporary situations.  Moderator:  Timothy J. Devetski, Vinson & Elkins LLP, Houston, TX. Panelists:  Peter H. Blessing, Shearman & Sterling LLP, New York, NY; Stephen Land, Linklaters, New York, NY.