February 2, 2018 - 8:30 am
February 2, 2018 - 1:30 pm
AddressGeorgetown Law, 600 New Jersey Avenue, NW, Washington, DC 20001 View map
2018 IIEL-ITPF International Tax Conference
Can an Internationally Competitive Tax System Protect Its Tax Base?
Featuring Keynote Remarks by Kevin Hassett
Chairman of the Council of Economic Advisers
Friday, February 2nd, 2018 ◊ 8:30 a.m. – 1:30 p.m.
RSVP Required ◊ Download the Program
Georgetown Law’s Institute of International Economic Law (IIEL) and the International Tax Policy Forum (ITPF) co-hosted a February 2nd conference on international tax competition and tax base protection following enactment of the “Tax Cuts and Jobs Act” (TCJA).
A historically unprecedented tax reform package has been passed by the U.S. Congress. In addition to dramatically lowering the statutory corporate tax rate and adopting a territorial tax system, the new law includes multiple anti-base erosion measures, some of which are quite novel. These measures are part of an international trend that includes the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project, as well as a growing number of unilateral actions that are occurring outside the BEPS framework. The many anti-base erosion measures being implemented and proposed worldwide will affect the competitiveness of the United States and other countries.
This conference brought together experts from a variety of backgrounds to share their views on the international ramifications of the new U.S. tax law. A series of panels considered the various measures to limit tax base erosion by domestic and foreign companies that are being adopted around the world, as well as their economic consequences on inbound and outbound investment. The closing panel considered how the United States should move forward in the international arena in the aftermath of U.S. tax reform.
Kevin Hassett, the Chairman of the President’s Council of Economic Advisers, delivered the keynote address.