A two-day basic to intermediate level conference with group live instruction on the current developments affecting tax aspects of the  shipping industry

Benefits of Attending

• Learn the effects of the American Jobs Creation Act on the shipping industry, including the repeal of foreign base company shipping income provisions and enactment of the new tonnage tax
• Keep on top of tax issues relating to income tax treaties, transfer pricing, Section 883, source of shipping income, subpart F, and IRS examination issues
• Network with industry professionals

Educational Course Credit — Up to 14 CPE / CLE Credits Available

Substitutions/Cancellations

Cancellations received more than 72 business hours prior to the meeting will be issued a credit. A $350 fee will apply to cancellations received within 72 business hours of the event. No credit card or cash refunds will be issued at any time. For more information regarding administrative policies, such as complaints and refunds, please contact us at 1-914-328-5656, or e-mail info@citeusa.org. Credits will not be issued for "no shows."

A limited block of rooms at a reduced rate has been set aside for attendees of our conferences. Please contact the hotel and mention that you are attending the conference listed under the Council for International Tax Education (CITE) in order to receive the discounted rate. Sleeping rooms are available on a very limited basis. We cannot guarantee rates or availability. Your sleeping room is not included in your registration fee.Meetings held at conference centers with local hotel recommendations do NOT have rooms blocked

Monday, September 27th

8:00 am Registration and Continental Breakfast

8:30 am Overview of Historical U.S. Tax Treatment of Shipping Income

9:30 am Direct U.S. Taxation of Foreign Shipping Companies, including source of transportation income, 4% tax on gross transportation income, and special effectively connected income rules

10:30 am Break for refreshments

10:45 am Reciprocal Shipping Income Exemption (Section 883) – Scope of Coverage

11:45 am Income Tax Treaty Exemptions (including OECD Commentary)

12:30 pm Luncheon

1:45 pm Section 883 and Treaties – Stock Ownership and Substantiation Requirements and Treaty Shopping Restrictions

2:45 pm U.S. Controlled Foreign Corporation Provisions (Subpart F)

3:30 pm Break for refreshments

3:45 pm Tax Legislative Developments

5:00 pm Seminar Adjourns for the Day

Tuesday, September 28, 2010

8:30 am Continental Breakfast

9:00 am Outbound Transfers to Controlled Foreign Corporations

9:45 am Tonnage Tax Applicable to U.S. Flag Shipping Companies

10:45 am Break for refreshments

11:00 am Deduction/Capitalization Issues and Leasing

12:00 pm Luncheon

1:00 pm Transfer Pricing for Shipping Companies

2:00 pm Other U.S. Shipping Company Issues, including State and Local Taxes, Value Added Taxes, Capital Construction Fund, and Foreign Tax Credit

3:15 pm U.S. Government Perspective – Regulations/Rulings, Treaties/Diplomatic
Notes, IRS Examination Procedures, Hot Issues, Questions and Answers

4:15 pm Summary and Q&A

5:00 pm Seminar Concludes

CITE Conference Registration - Page 1

There are 3 ways to register for a CITE Conference:

1. Complete this form and fax Page 2 to 914-328-5757
2. Call us directly at 914-328-5656
3. Complete the online registration process

Please note that automatic price calculations will occur upon proceeding to page 2