Ohio Tax Major National Issues in Business Taxation Conference - PDF document

27th Annual Tuesday & Wednesday, January 23‐24, 2018 Hya� Regency Columbus, Columbus, Ohio Ohio Tax Major National Issues in Business Taxation Conference EMCEE: Eleanor J. Palmer, Associate Vice President & Associate General Counsel , Nationwide Insurance Co., Columbus G. Brint Ryan, Chairman & CEO , Ryan LLC , Dallas Douglas L. Lindholm, President & Executive Director, Council on State Taxation, Washington, DC Ian Boccaccio, Principal & Income Tax Practice Leader , Ryan LLC , Dallas Tuesday, January 23, 2018 8:40 a.m. to 9:45 a.m.

Biographical Information Eleanor Palmer, Associate Vice President, Associate General Counsel, Corporate Tax Office of General Counsel, Nationwide Insurance One Nationwide Plaza, Mailstop 1-32-102, Columbus, Ohio 43215 Phone: 614-677-6330 palmere5@nationwide.com Eleanor Palmer is a tax attorney in the Office of General Counsel at Nationwide Insurance. She is responsible for identifying and managing Nationwide’s tax exposure and providing counsel on tax matters related to business initiatives. Eleanor has assisted with mergers and acquisitions, tax controversies, investment structuring, employee health & welfare and fringe benefits, agent and executive compensation and various projects presenting unintended tax consequences. In coordination with the Government Relations Team, Eleanor keeps abreast of federal, state and local tax legislation affecting the enterprise, its insurance agents and policyholders and advises the business units on the appropriate course of action. Prior to joining Nationwide, Eleanor was a Manager in Ernst & Young’s State and Local Tax Group. Eleanor is a graduate of The Ohio State University, where she received a Juris Doctor and a Master of Business Administration. She received a Bachelor of Science in Accounting from Oakwood University, and now serves on its National Alumni Association Board of Directors. Eleanor is admitted to the Ohio Bar and is most active with the Columbus Bar Association’s Business Tax Committee and the John Mercer Langston Bar Association. She has been a speaker on tax matters at the Ohio Tax Conference, the Columbus Bar Association, and the Association of Corporate Counsel. Eleanor is currently the chairperson of the Ohio Chamber of Commerce’s Taxation and Public Expenditures Committee. G. Brint Ryan, Founder, Chairman & CEO, Ryan LLC 13155 Noel Road, Suite 100, Dallas, Texas 75240 972-934-0022 brint.ryan@ryan.com G. Brint Ryan is Founder, Chairman and CEO of Ryan LLC, an award-winning global tax services and software provider, and the largest firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multi-jurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan’s multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients in more than 45 countries, including many of the world’s most prominent Global 5000 companies. Mr. Ryan was named the 2017 Distinguished Business Leader by the Texas Association of Business and is designated among the Top 25 Most Powerful People in the State of Texas by Texas Monthly magazine. He was appointed to the Tax Policy Advisory Board by Texas Lieutenant Governor Dan Patrick in 2015 and currently serves as Chairman. Mr. Ryan won the Employees’ Choice Award recognizing the Highest Rated CEOs for 2017 by Glassdoor, one of the world’s largest and fastest-growing job sites. He ranked number 44 out of the 100 chief executives, making him the highest ranked CEO in Dallas-Fort Worth and the second highest rated CEO in the entire state of Texas.

Biographical Information Douglas L. Lindholm, President & Executive Director, Council on State Taxation 122 C Street NW, Suite 330, Washington, D.C. 20001 dlindholm@statetax.org 202.484.5212 Fax 202.484.5229 Douglas L. Lindholm, Esq. is President and Executive Director of the Council On State Taxation (COST). COST, with a membership of nearly 600 multistate corporations, is dedicated to preserving and promoting equitable and nondiscriminatory state taxation of multi-jurisdictional entities. Prior to taking the helm at COST, Mr. Lindholm served as Counsel, State Tax Policy for the General Electric Company in Washington, DC. Mr. Lindholm also served for three years as Legislative Director for COST, successfully directing COST’s legislative advocacy function, including development and management of member coalitions active on issues in numerous states. Prior to his service with COST, Mr. Lindholm worked in the Washington National Tax Services Office of Price Waterhouse LLP. He has written numerous articles on federal, state and local tax issues in a wide variety of publications; testifies frequently before state legislatures and Congress on state tax issues; and is a frequent speaker at national tax conferences and seminars. Mr. Lindholm serves on the NYU State and Local Taxation Advisory Board; the Advisory Board of the Paul J. Hartman State and Local Tax Forum; the Editorial Advisory Board of Tax Management, Inc. He is a former member of the National Tax Association’s Board of Directors and the Advisory Board of the Georgetown University Law Center State and Local Tax Institute. He is a member of the US Supreme Court and District of Columbia Bars. In 2006, Mr. Lindholm was named to the Tax Business 50 list of most influential tax professionals on the globe, and is the recipient of the 2009 New York University Award for Outstanding Achievement in State and Local Taxation. He is a graduate of American University’s Washington College of Law in Washington, DC, and Lynchburg College (BA in Accounting) in Lynchburg, Virginia.

Biographical Information Ian Boccaccio, Principal, Ryan LLC 13155 Noel Road, Suite 100, Dallas, Texas 75240 ian.boccaccio@ryan.com 469.399.4545 Ian Boccaccio is Principal and Income Tax Practice Leader at Ryan, Dallas office focused on increasing shareholder value through creative, quantitative tax solutions, including:  U.S. Tax Reform Planning and Optimization  Manufacturing incentives [Interest Charge – Domestic International Sales Corporation (IC-DISC) and Domestic Production Activities Deduction]  Cost reduction through technology and process-based tax controllership, including compliance, ASC 740 tax accounting and deferred tax analysis  Withholding tax risk and recovery services Foreign Tax Credit optimization  Foreign currency analysis Previously, he was a Partner for a global tax service firm in New York where he developed and implemented complex quantitative international tax services to the Fortune 500; supervised global international tax summit, drawing numerous tax directors from client and target firms for roundtable discussions about emerging international tax issues; and authored comprehensive international tax compliance training program. Mr. Boccaccio lectures on various tax topics for Ryan clients. Additionally, he has appeared as a speaker for the following organizations: BNA – CITE; Financial Innovation Forum Moscow; New York State Society of Certified Public Accountants: Tax Executives Institute; and Tax Officers Summit He’s a member of the International Fiscal Association and Chicago Tax Club. Recent publications include:  October 26, 2017 - “What’s That Thumping? The Repatriation Boogeyman is Back!” published by Global Tax Weekly  March 24, 2016 - “Repatriation Readiness: Now is the Time” published by Global Tax Weekly  October 15, 2015 - “A Blind Spot for CFOs: How Global Companies Can Successfully Address Threats to Withholding Tax Compliance” published by Global Tax Weekly

th Annual 27 27 th Annual Ohio T Ohio Tax Conf x Conference erence Major National Issues in Business Taxation G. Brint Ryan, Chairman and CEO, Ryan LLC Ian E. Boccaccio, Global Income Tax Practice Leader, Ryan LLC Douglas L. Lindholm, President, Council On State Taxation (COST)

Ag Agenda

National Trends in State Taxation  Federal Tax Reform Overview  State Reactions to Federal Tax Reform  National SALT Trends  More Gross Receipts Tax Proposals: Really?  Nexus, Nexus, Nexus – Still an Issue  Transfer Pricing at the State Level  Base Broadening for Sales & Use Taxes  Unclaimed Property: Battle of Competing Acts

Federal T deral Tax R ax Reform rm Ov Over ervie view

Key Tax Law Changes in the Tax Cuts and Jobs Act • Lower Tax Rates • FTR includes a reduction in individual income tax rates as well as in corporate tax rates (40 percent cut). • Base Broadening • Lower rates are significantly (although not wholly) offset by a wide range of base broadeners extending to both individual and business taxation. • International Tax Reform • FTR shifts the U.S. from a worldwide residence-based tax system toward a territorial tax system. It imposes a one-time transition tax on previously untaxed accumulated foreign earnings. Finally, it adds significant new base erosion measures.