Prepared for distribution at the
TAXATION OF FINANCIAL PRODUCTS AND
TRANSACTIONS 2015
Program
New York City, January 8, 2015
CONTENTS:
PROGRAM SCHEDULE ........................................................................... 9
FACULTY BIOS ...................................................................................... 17
1.
Tax Treatment of Transactions Involving Royaltyand Revenue-based Income Streams ............................................ 41
Matthew A. Stevens
Karla Johnsen
EY
2.
Current Guidance on US Withholding on Dividend Equivalent
Payments on Swaps over US Equities (Nov. 2, 2014) ................... 63
Julio Jimenez
PwC
Kristen M. Garry
Shearman & Sterling LLP
Larry Silva
Citigroup
Viva Hammer
Joint Committee on Taxation
3.
New Proposed Regulations Address Tax Characterization
of Credit Default Swaps and Other Financial Derivatives
(September 18, 2011) ..................................................................... 83
Submitted by:
Rebecca Lee
PwC
4.
Bad Debts in the Back Context: An Overview of
the Conformity Election (07 DTR JJ-1, Jan. 13, 2009) ................... 89
Hannah Burke
Jonathan Zelnik
Denise Schwieger
KPMG LLP
5
5.
Hedges of Foreign Currency Risk Associated with
Debt Instruments Held as Capital Assets
(November–December 2010) ......................................................... 99
L.G. “Chip” Harter
Michael J. Harper
PwC
6.
Hedging the Foreign Currency Purchase Price of a Foreign
Stock Acquisition (November–December 2012) ........................... 125
L.G. “Chip” Harter
Rebecca E. Lee
Jeffrey Maddrey
PwC
7.
Inherently Hedgeable: Hedging Foreign Currency Exposure
Arising from the Branch Operations of a CFC .............................. 147
L.G. “Chip” Harter
Rebecca E. Lee
David H. Shapiro
PwC
8.
Code Sec. 988 and the Non-Recognition Provisions—
Part I: Transfers of Foreign Currency Loans Receivable ............. 165
L.G. “Chip” Harter
PwC
9.
Code Sec. 988 and the Non-Recognition Provisions—Part II:
Assumptions of Foreign Currency Denominated Liabilities .......... 191
L.G. “Chip” Harter
Rebecca E. Lee
PwC
10. The Modern Global Treasury Operation: Overview of Certain
Tax Considerations (October 14, 2014)........................................ 217
Justin Weiss
Sam Chen
Ivan Thomann
KPMG LLP
11. Tax Controversy: Current Issues in Tax Ownership & IRS
Appeals: Tax Ownership Analysis (Oct. 27, 2014) ....................... 231
Raj Madan
Skadden, Arps, Slate, Meagher & Flom LLP
6
12. Tax Controversy: Current Issues in Debt vs. Equity
(October 31, 2014) ........................................................................ 247
Miriam L. Fisher
Latham & Watkins LLP
INDEX ................................................................................................... 257
Program Attorney: Stacey L. Greenblatt
7

ICRI-CI Retreat 13

Table of Contents