EY - BorderCrossings: US proposed CbC reporting regulations

EY International Tax Webcast

BorderCrossings with EY's transfer pricing and tax professionals

US proposed "CbC" reporting regulations

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This webcast is currently being prepared for on-demand viewing and will be available on this site soon.

As nations begin implementing the country-by-country (CbC) reporting recommendations described in Action 13 of the OECD’s Base Erosion and Profit Shifting (BEPS) project, tax authorities around the world will increasingly gain insight into a company’s entire global footprint and be able to perform high-level transfer pricing risk assessments.

This increased transparency triggered by CbC reporting could significantly affect global companies that need to complete the reports, protect the confidentiality of important business data and prepare for potential questions from the multiple tax authorities reviewing the reports.

Join our Ernst & Young LLP panel as we discuss the US proposed regulations for CbC reporting, including:

  • Status update on global implementation of CbC reporting rules
  • Readiness and timing considerations for US implementation

This program will be of interest to vice presidents/directors of tax/international tax/transfer pricing/customs/global trade, directors of finance, CFOs, international tax managers and tax accountants looking for the latest practical information and guidance to support their global business initiatives.

Save the date for the next BorderCrossings webcast: The Latest IRS Restructuring: LB&I 2.0 or LMSB 2.0?

1:00–2:15 p.m. EDT New York/Toronto; 10:00–11:15 a.m. PDT Los Angeles/Vancouver

  • Thursday, 31 March



Jose Bustos

Ernst & Young LLP, International Tax Services

Jano Bustos is based in New York and part of the Ernst & Young LLP Global Tax Desk Network. Jano has over 16 years of international tax and transfer pricing experience.

Before joining the private sector, he had different outstanding posts at the Spanish Tax Administration, such as Senior Tax Inspector of the International Taxation Central Unit of the Spanish Tax Agency and Deputy Director General for International Fiscal Affairs, dealing with international taxation and transfer pricing audits, international advance price agreements and mutual agreement procedures and the negotiation of double tax treaties.

Jano is author of several books regarding international taxation and transfer pricing and has also led training courses on these matters. Jano has great experience working as the Spanish Delegate for international organizations such as the OECD (Committee on Fiscal Affairs in working groups on Double Taxation Agreements, Transfer Pricing and Cooperation and Tax Avoidance), European Union (Tax Commission and Counsel Meetings) and the United Nations (member of the Ad Hoc Group of Tax Experts).

Jano has a law degree from Complutense University, Madrid.

Arlene Fitzpatrick

Ernst & Young LLP, International Tax Services

Arlene Fitzpatrick is a principal in the National Tax Department of Ernst & Young LLP in Washington, DC, where she works on general international tax issues with a focus on inbound and tax treaty matters.

Prior to rejoining EY in October 2014, Arlene served as an attorney-advisor with the Office of the International Tax Counsel at the US Department of Treasury. There, Arlene helped formulate international tax policy, draft international tax guidance and negotiate income tax treaties. She also served as a Treasury representative on several Organisation for Economic Co-operation and Development (OECD) working parties and was engaged in the OECD’s base erosion and profit-shifting project.

Arlene has also taught as an adjunct professor at Georgetown University Law Center.

Arlene received her LLM from the University of Iowa College of Law, and her bachelor of laws from University College Galway in Ireland. She also graduated from the Law Society of Ireland and is a member of the Iowa Bar.

Karen Kirwan

Ernst & Young LLP, Transfer Pricing

Karen Kirwan is an economist with Ernst & Young LLP’s Transfer Pricing practice. She is based in Washington, DC, and provides economic analysis in the context of international transfer pricing studies. She has more than 20 years of transfer pricing experience and regularly assists clients in interpreting and implementing regulations. Karen deals with many different aspects of transfer pricing, from planning and advance pricing agreements to controversy and audit defense. She also assists clients in diverse industries with their compliance efforts, particularly with the preparation of documentation studies to avoid transfer pricing-related penalties. In addition, Karen has experience analyzing the transfer of intangibles, including cost-sharing arrangements.

Prior to joining Ernst & Young LLP, Karen worked at an economic consulting firm, the Delegation of the Commission of the European Communities and in the office of the Chairwoman of the US International Trade Commission. She has also worked for the Maryland Department of Economic and Community Development as an advisor.

Karen has Economics degrees from Wake Forest University and the University of Maryland.

Hadley Leach

Ernst & Young LLP, Business Tax Advisory

Hadley Leach is a partner in Ernst & Young LLP’s Tax Performance Advisory practice and leads the Operational Transfer Pricing group. She has over 18 years of consulting experience and focuses on providing organization, tax process and technology services for large multinational corporations.

Hadley’s experience includes participating in a broad range of finance and tax transformation initiatives with stakeholders across tax, finance, operations and information technology. She has worked with clients to improve their tax and transfer pricing functions, map and redesign related processes and organization roles/responsibilities, align tax and transfer pricing requirements in ERP and evaluate tax technology tools to improve financial reporting and overall tax performance.

Hadley is a CPA in the state of New York. She received her Master of Accounting degree from Tulane University and her Bachelor of Commerce and Business Administration degree from the University of Alabama.

Hadley is a frequent speaker and writer on the topic of operationalizing transfer pricing processes, leveraging technology and improving tax function performance. She also serves as the EY lead for a joint initiative with SAP to co-develop thought leadership for enabling transfer pricing capabilities.


Craig Sharon

Ernst & Young LLP, Transfer Pricing

Craig Sharon is a member of Ernst & Young LLP’s Transfer Pricing practice. He is based in Washington, DC, but spends considerable time on the west coast.

Craig practices in all aspects of transfer pricing planning, compliance, and controversy and has particularly deep experience with advance pricing agreements (APAs) and competent authority proceedings. Prior to joining Ernst & Young LLP in May 2013, Craig served as the IRS APA director from 2008 to 2011. As APA director, Craig was a member of the senior executive team within the IRS Office of Associate Chief Counsel (International) (ACCI), and in his last year with the IRS, Craig was intimately involved in the development of the restructuring plan that led to the creation of the IRS Large Business & International (LB&I) Division and the merged Advance Pricing Agreement and Mutual Assistance (APMA) Program.

Craig received his BA in Economics from the University of Idaho and his JD from Georgetown University Law Center. He was an adjunct transfer pricing professor in the graduate tax program at Georgetown law from 2006 to 2012. Craig is also a frequent writer and speaker on transfer pricing and related international tax issues.