IADC International Tax Seminar

Welcome

Worldwide tax issues affecting the drilling and producing industry will be addressed at the IADC International Tax Seminar. IADC tax seminars are geared to both specialists and non-specialists. Continuing education credits will be offered for tax specialists.

StartJune 2, 2021EndJune 4, 2021

2019 Event Demographics

Registrants by Job Title

  • Management
  • Library/Miscellaneous
  • Training/Education
  • Company Owner/Corporate Officer
  • Completion Engineer
  • Drilling and/or Completion Operations
  • Complimentary
177

Attendees

Registrants by Company Type

  • Equipment Manufacturer
  • Land Drilling Contractor
  • Land/Offshore Drilling Contractor
  • Offshore Drilling Contractor
  • Offshore Well Servicing Contractor
  • Training
  • Oilfield Service/Consultant

Registrants by Location

  • Registrants
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The International Association of Drilling Contractors (IADC) is a non-profit organization. Income from this event will be invested back into other IADC initiatives we develop to serve the drilling industry to connect, share knowledge, tackle common problems and develop solutions to critical issues in different parts of the world. By participating in an IADC event you will be improving and supporting your own industry.
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Virtual Meeting Only

Registration Information

IADC will resume its member/non-member registration pricing for the 2022 conferences.

  • Registration fee: Virtual: $510
  • Employees of federal regulatory agencies may be eligible for a 50% discount on conference registration.
  • Speakers and sponsors are not eligible for online registration.
    (Complete the Conference Registration Form PDF above)
  • IADC offers discounted registration to full time students not currently employed in industry.  Please contact registration@iadc.org for further information.
  • No refunds will be made for cancellations 30 days prior to the conference date.
IADC/SPE/PESA/IAGC members only. No prerequisites are required.
16 CPE’s will be available for this event!

Press Policy

Complimentary press registration is limited to one (1) person per company. This individual must be a titled editor, writer, reporter or other bona fide editorial representative of a legitimate industry or consumer publication. Publishers and sales and marketing specialists are excluded from this complimentary registration practice and must pay the full conference registration fee to attend an event.

Need Help? registration@iadc.org / +1.713.292.1945

Program

*all times listed are CDT

IADC/SPE/PESA/IAGC Members Only.  No prerequisites are required. 16 CPE’s available!
16 CPEs are available for the full event.  Interactive polling questions will be used to earn CPEs,  therefore timing on the agenda may vary based on length of each polling question.  Attendees must answer the polling questions correctly in order to receive CPEs.

Wednesday, 2 June 2021

7:00 am Welcome & Opening Comments, Moderator
Linda J. Ibrahim, Chair, IADC Tax Committee; VP Tax & Governmental Compliance, Vantage Drilling

7:05 am Australasia Update
Update on tax matters impacting drilling operations in Australia, Malaysia, and Indonesia.

  • Damien Williams, Tax Director, KPMG Australia
  • Nicolas Crist, Partner, KPMG Malaysia
  • Jacob Zwaan Partner, KPMG Indonesia

7:55 am Brexit Happened, So What Now for Tax Policy in UK and EU?
The UK’s transition out of the EU is over and there is a new Trade and Co-operation Agreement:   What does this mean for EU and UK tax policy?  What is the latest on EU and UK State Aid?  What new taxes might we see?  

  • David Evans, Associate Partner, International Tax and Transaction Services. Ernst & Young LLP
  • Niall Blacklaw, Indirect Tax, Partner, EY

8:45 am Legal Entity Strategy and Simplification
The session will focus on the overall cost/benefit of establishing a legal entity, suggested approaches to go through a rationalization effort, and best practices for ongoing maintenance of the effort as the business footprint changes.  

  • Adam Bruskin, Director, PricewaterhouseCoopers LLP
  • Sarah Masterson, Senior Manager, PricewaterhouseCoopers LLP
  • Vik Purewal, Principal, PricewaterhouseCoopers LLP

9:35 am Break

Moderator: Kirstine Craig, Senior Staff Member, Transocean

9:45 am Tax Structuring Using European Intermediary Entities & EU Transparency Rules Update
Is it the end of Intermediary Entities / SPVs given the changes in tax laws all over the globe and the implementation of the multilateral agreement? We will discuss various existing structures and sustainability of tax benefit going forward. 

  • Christian Bednarczyk, Partner, Deloitte Luxembourg

10:25 am US Tax Considerations and Opportunities for Distressed Companies
This session will provide an overview of U.S. federal tax considerations relevant to distressed and bankrupt companies and will discuss potential transactions, including debt workouts and restructuring transactions, whether in-court or out-of-court.

  • Amitai Barth, Senior Manager, Deloitte WNT International
  • Mendy Schreiber, Tax Manager, Washington National Tax, Deloitte

11:00 am Time to Reveal All: Tax Transparency and Mandatory Disclosure Reporting
The DAC 6 reporting regime pose various challenges, including interpreting and applying the rules, establishing systems and processes to meet compliance obligations and managing the implications of disclosing information; the speakers will explain how drillers can overcome them.

  • Oliver Pendred, Senior Tax Advisor, Baker McKenzie

11:50 am Adjourn

Thursday, 3 June 2021

Moderator: Linda J. Ibrahim, Chair, IADC Tax Committee; VP Tax & Governmental Compliance, Vantage Drilling

7:00 am Emerging Trends in Public Reporting
Tax accounting update on trending and important topics, including how to handle UTPs/tax risks when there is no expiration in the local jurisdiction.

  • Marcin P. Olewinski, Partner, PricewaterhouseCoopers LLP
  • Maria Collman, Partner, PricewaterhouseCoopers LLP
  • Sagar Kamdar, Director, PricewaterhouseCoopers LLP

7:50 am Tax Planning in a Changing Tax Regulatory Environment
Tax planning in the current fast-changing global tax regulatory environment.

  • Chetan Vagholkar, Partner, KPMG US
  • David Leeds, US Managing Director, KPMG US
  • Hasnain Valika, US Senior Manager, KPMG US

8:40 am The Future of Work and Managing Mobile Talent
The speakers will guide us through some hurdles of managing a mobile workforce including, employee costs, legislative changes and technology as well as human capital disclosures.

  • Kristie Ketron, Principal, People Advisory Services, EY
  • Stacy Arent, Partner, People Advisory Services, EY

9:30 am Break

Moderator: Shirley Zhu, Senior Manager, Transocean

9:40 am Common Ethical Issues Facing Tax Practitioners
This ethics presentation will offer practical suggestions for a variety of ethical issues routinely faced by tax professionals, including handling mistakes in tax returns and settlement agreements, filing refund claims, challenging regulations, and avoiding and contesting penalties.

  • Robert C. Morris, Partner, Norton Rose Fulbright
  • Robert J. Kovacev, Partner, Norton Rose Fulbright

10:30 am Africa Tax Updates
The session will focus on the local African tax landscape covering Angola, Congo, Mozambique & Gabon.

  • Rita Correia, Partner, Miranda & Associados
  • Ana Pinto, Partner, Miranda & Associados

11:20 am India Update
Recent policy and regulatory changes in oil and gas sector in India.

  • Sanjay Grover, Partner and Leader Oil & Gas Tax & Regulatory Services, Ernst & Young India

11:45 am Adjourn

Friday, 4 June 2021

Moderator: Megan Breeland, Manager – Tax, Valaris

7:00 am Update on BEPS 2.0, Pillar 2: How Will it Affect the Drilling Industry – and What Can You Do About It?
Pillar 2 as currently proposed could have far-reaching consequences for the industry, e.g. rules on “carve-out amounts” which negatively impact asset heavy industries and the “UnderTaxed Payments Rule” – particularly its “secondary rule” which could give rise to a whole new playing field of tax planning.

  • Tobias Steino, Associate Partner Business Tax Advisory, EY
  • David Evans, Associate Partner, International Tax and Transaction Services. Ernst & Young LLP
  • Kelly Hales, Principal Transfer Pricing, EY

7:50 am Transfer pricing in the post-pandemic world & Bi-lateral Treaty Updates 
The session will address recent developments in transfer pricing (e.g., actions toward public country-by-country reporting in Europe), and will discuss potential approaches to the treatment of pandemic-related issues (e.g., government support, benchmarking low/negative results, etc.).

  • Vitaliy Voytovych, Managing Director – Transfer Pricing, Deloitte
  • Harrison Cohen, Washington National Tax, Managing Director, Deloitte
  • Colin Renner, Senior Manager, Transfer Pricing, Deloitte

8:40 am Trends in Tax Information Exchange
Discussion on some of the ways tax authorities around the world share taxpayer information to ensure tax compliance. 

  • Shawn O’Brien, Partner, Mayer Brown, Houston
  • Jason Osborn, Partner, Mayer Brown, Washington DC
  • Benjamin Homo, Partner, Mayer Brown, Paris

9:30 am Break

Moderator: John Garza, Assistant Tax Director, Parker Drilling

9:40 am Country Updates: Mexico, Australia & Norway
The session will focus on issues impacting the drilling industry in Mexico, Australia & Norway.

  • David Cuellar, Lead Partner International Tax, PricewaterhouseCoopers LLP
  • Olivier Marion, Partner, PricewaterhouseCoopers LLP
  • Hilde Thorstad, Tax Lawyer, PricewaterhouseCoopers LLP

10:30 am Emergence out Debt Restructuring: Tax Issues
Tax issues in pursuant to debt restructuring: Pre and Post emergence issues.

  • Yinka Kukoyi, Partner, KPMG US
  • Jeff Hiller, Senior Manager, KPMG US
  • David Leeds, US Managing Director, KPMG US

11:20 am Adjournment

  • Linda J. Ibrahim, Chair, IADC Tax Committee; VP Tax & Governmental Compliance, Vantage Drilling

Sponsorship

There are four levels of sponsoring: Diamond sponsors, Platinum Sponsors, Gold Sponsors, and Silver Sponsors. Event sponsorships are also available and will be categorized by monetary contribution with the appropriate level of sponsorship. Please find the benefits of the sponsor packages below. The conference sponsor will receive high profile recognition before, during and after the conference. Note: no refunds for cancellations of sponsorships will be issued.

*Comps refer to number of complimentary registration
Interested? Contact stephanie.carling@iadc.org / +1.713.292.1945

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