Fiscal cliff or not: strategies to optimize capital

Transactions

January 22, 2013 17:00 GMT

January 22, 2013 18:00 GMT

Duration: 01:00

Video broadcast live from: New York

Many companies are concerned about the pending fiscal cliff in the US.

However, leading companies are looking to strengthen their balance sheets regardless of the market environment. What are some of the actions these leading businesses are taking to optimize capital?

On 22 January, join a panel of Ernst & Young LLP professionals and special guests as they discuss capital optimization strategies to remain competitive in any economic cycle, including legal entity rationalization and tax considerations related to internal restructuring and other transactions.

Watch the one-minute recap:

Panelists

Torsdon D. Poon

Americas Transaction Tax Markets Leader, EY

Torsdon is a Principal in the Transaction Advisory Services (TAS) Practice, National Tax Mergers and Acquisitions, based in Washington, D.C. Torsdon joined National Tax Mergers & Acquisitions in 1995 and works on structuring corporate acquisitions, dispositions, spin-offs, reorganizations, corporate joint ventures, and transactions involving the acquisition and disposition of intangibles. Torsdon is also the Americas Transaction Tax Markets Leader and the National Leader of the TAS Tax Internal Restructuring Practice. His internal restructuring experience includes post-acquisition integration, legal entity rationalization and strategic management, cash repatriation, and cross-border transactions.

Torsdon received a B.A. in Biology from Siena College in Loudonville, New York, a J.D. from The American University’s Washington College of Law, and a LL.M. in Taxation from Georgetown University Law Center.

Brent Uken

Global and Americas TAS Innovation and Acquisition Leader, EY

Brent Uken is a Valuation Principal in EY's Transaction Advisory Services practice. During his 23 year tenure with EY he has served in several leadership roles covering functional and operational areas: markets; finance; quality and risk management; learning; performance measurement; and knowledge management. In his current role as Global and Americas TAS Innovation and Acquisition leader, he is responsible for developing and implementing innovation and acquisition strategies that span a variety of areas including organic and non-organic growth and refinements to the group’s business model.

Brents areas of valuation expertise include the valuation of intangible assets, equity interests and minority and majority business interests. He is involved in all aspects of valuation engagements including scope development, project administration and oversight, due diligence, industry research, financial analysis, and client presentations.

Steven McLeighton

Legal Entity Rationalization, EY

Steve is the Americas Legal Entity Rationalization (LER) practice leader for Transaction Advisory Services (TAS) at EY. He has extensive experience in assisting clients across the globe in managing and streamlining their legal entity structures.

With international perspective and local country leverage, Steve provides practical advice on rationalizing corporate legal entity structures within the framework of efficient processes that engage cross-functional and line-of-business inputs from across the company.

Projects are geared to achieve organizational and operational efficiency through a streamlined legal entity structure and often include related aspects such as the placement of intangible property in tax favored jurisdictions, management of global tax attributes, structuring inter-affiliate cross-border financing and managing cash repatriations through efficient jurisdictional channels.

Steve provides global oversight on a number of engagements covering various industries including technology, petrochemicals, mining, engineering, manufacturing, retailing and financial services.

Moderator

David Sreter

Americas Transactions Tax Leader, EY

David Sreter is the Americas Transaction Tax (TT) Leader within Transaction Advisory Services (TAS) for EY. Based in the firm’s New York office, he has almost two decades of experience advising clients on tax implications of mergers, acquisitions, divestitures, bankruptcies, workouts, refinancing, and capital market transactions.

David specializes in structuring domestic and cross-border transactions for both corporate and private equity clients, assisting in aligning transactional tax planning to their strategic business objectives. He is the lead tax partner on several of the firm’s most sophisticated corporate and PE clients. David has spoken before various business and trade associations on tax planning for M&A and divestitures. He is a member of EY’s Americas Tax Operating Committee and has served on the firm’s Americas Tax Partner Forum.