Agenda
Countries have begun to integrate customs and tax administration and pursue joint examinations.
Progression toward joint transfer pricing and customs exams, however, generally lacks coordination of customs and transfer pricing values or documentation requirements.
In this webinar, recorded on October 7, 2008, Bill Methenitis (the Americas practice leader of E&Y’s customs and international trade practice) and Steven C. Wrappe (principal in E&Y’s national transfer pricing practice) explained the similarities and differences between U.S. transfer pricing and customs valuation, the potential for different outcomes, and the opportunity to achieve a consistent result.
They did this by:
• Presenting a comprehensive overview of the rules and enforcement of transfer pricing and customs valuation;
• Demonstrating the potential for reaching inconsistent outcomes under the two regimes; and
• Reviewing attempts at coordination and exploring the potential to harmonize the two regimes.
Speakers
Bill Methenitits, Steve Wrappe
Bill Methenitits, Ernst and Young
Bill Methenitits is the Americas practice leader of the Ernst & Young LLP customs and international trade practice and a member of the global practice leadership team. He is a frequent speaker on international trade issues, and he has chaired trade programs for the University of Texas, the Institute for International Research, and ALFA International.
Steve Wrappe, Ernst and Young
Steve Wrappe is a principal in Ernst & Young's Washington, D.C., national transfer pricing practice. He recently served as chair of the transfer pricing committee of the American Bar Association's Tax Section and has been an Adjunct Professor (Transfer Pricing) at Georgetown University Law Center for five years.