Institute of International Economic Law and the International Tax Policy Forum Host Tax Competition Conference

January 31, 2017 —

WHAT:

On Friday, February 3rd, Georgetown Law’s Institute of International Economic Law (IIEL) and the International Tax Policy Forum (ITPF) will host a conference examining international tax competition as the United States stands on the brink of business tax reform.

Unlike the United States―which currently has the highest statutory corporate tax rate in the developed world―other countries have been lowering corporate tax rates and increasing reliance on consumption taxes.  Recently, various multilateral and unilateral efforts to limit income tax competition have reshaped the international tax landscape. In response to these developments, the United States is now considering major tax reforms to restore American competitiveness, such as the destination-based cash flow tax proposed in the House Republican Blueprint.

This conference brings together experts from a variety of backgrounds to share their views on international tax competition and U.S. tax policy.  A series of panels will consider the global trend towards consumption taxation, how recent efforts to curtail income tax avoidance interact with tax competition, and the economic effects of international tax competition.  The closing panel will consider how the United States should respond. Kevin Brady, the Chairman of the House Ways and Means Committee, will deliver the keynote address.

WHEN:

Friday, February 3rd, 2017

8:30 a.m. – 1:30 p.m. 

WHERE:

Georgetown Law

Gewirz Student Center, 600 New Jersey Avenue, NW, Washington, DC 20001 

SCHEDULE:

8:30 a.m. 

Registration

8:50 a.m. Introductory Remarks 

John Samuels - Chair

International Tax Policy Forum 

William Treanor - Executive Vice President and Dean of the Law Center 

Georgetown University  

9:00 a.m. 

Base Erosion and Profit Shifting (BEPS) and Tax Competition

Moderator: 

James R. Hines 

L. Hart Wright Collegiate Professor of Law

Co-Director, Law and Economics Program 

University of Michigan

Presenters: 

Lilian V. Faulhaber 

Associate Professor of Law Georgetown University 

Michael Smart

Professor of Economics University of Toronto

9:45 a.m. 

Economic Effects of International Tax Competition 

Moderator: 

Mihir A. Desai 

Mizuho Financial Group Professor of Finance 

Harvard Business School

Presenter: 

Ronald Davies

Professor of Economics 

University College Dublin

Discussant:

Rosanne Altshuler

Professor of Economics

Rutgers University  

10:30 a.m. 

Tax Competition and Consumption Taxation

Moderator:  

Michelle Hanlon

Howard W. Johnson Professor and Professor of Accounting

MIT Sloan School of Management

Presenters:

Alan J. Auerbach

Robert D. Burch Professor of Economics and Law

Director, Burch Center for Tax Policy and Public Finance  

University of California, Berkeley  

Itai Grinberg 

Professor of Law

Georgetown University   

11:15 a.m. 

Break

11:30 a.m. 

How Should the United States and Others Respond to International Tax Competition? 

Moderator:  

David Wessel

Director, Hutchins Center at Brookings

Contributing Correspondent, The Wall Street Journal

Presenters:  

Kimberly Clausing

Thormund A. Miller and Walter Mintz Professor of Economics

Reed College  

Michael J. Graetz

Columbia Alumni Professor of Tax Law, Columbia University

Justus S. Hotchkiss Professor of Law Emeritus, Yale Law School

Kevin A. Hassett

State Farm James Q. Wilson Chair in American Politics and Culture

Director of Research for Domestic Policy

American Enterprise Institute

Michael Keen

Deputy Director, Fiscal Affairs Department and Prior Head

Tax Policy and Tax Coordination Divisions

International Monetary Fund

12:45 p.m. 

Break

1:00 p.m. 

Keynote Address 

Kevin Brady 

Chairman of the House Ways and Means Committee

1:30 p.m.  

Luncheon

RSVP

Media interested in attending should RSVP to mediarelations@law.georgetown.edu OR nmunoz@skdknick.com

Contact

ITPF: Natalie Munoz, nmunoz@skdknick.com, 202-464-6601

IIEL: Christine Washington, cqw@georgetown.edu, 202-662-4193