Given the significant expansion of oil and gas companies globally, the need for industry players to align and coordinate local operations with corporate strategy has never been greater. PwC's energy practice invites you to watch a webcast that discusses strategies and approaches for charging intragroup management fees, leading practices for managing double taxation risk in both treaty and non-treaty countries, and more.
Given the significant expansion of oil and gas companies globally, the need for industry players to align and coordinate local operations with corporate strategy has never been greater. As a result, the majority of US-based multinational energy companies incur significant general and administrative expenses related to headquarters services rendered on behalf of foreign affiliates.
Many tax authorities outside of the US are skeptical of these management charges—particularly those including a mark up—and aggressively challenge or disallow the deduction of the service fee for tax purposes at the local level completely. In many cases, these decisions are made by the foreign tax authority unilaterally and may result in a company being required to pay tax twice on the same income for the same period—in the local country which disallows the deduction and in the US where the counterparty to the transaction must report the income on its tax return and pay tax on that income.
It is critical that energy executives recognize the serious implications of these potential disallowances and take action to remedy the situation.
Participation in the live webcast qualifies for 1 CPE credit.
Please note that CPE credit can only be given to individuals who remain logged into the LIVE webcast and respond to the polling questions provided during the webcast. If you are viewing this webcast in a group, everyone in the group can receive CPE Credit. Also, those who dial in via telephone are NOT eligible for CPE credit. Please note that this is a NASBA (not PwC) requirement.
If you have any questions concerning continuing professional education (CPE), you can find answers here to frequently asked questions concerning CPE webcast participation.