US Tax Reform and Potential Impacts to Vietnamese Companies

Presentation & Photo

Presentation: US Tax Reform Seminar-AmCham Vietnam
Photo Album

On 22 December 2017, the President of the United States signed into law a bill originally introduced in the House of Representatives as the “Tax Cuts and Jobs Act” (H.R. 1).  The law change represents the most comprehensive overhaul of the US tax system in more than 30 years. It may influence companies’ global supply chains, location of functions and intellectual property, financing, and financial reports. With respect to Vietnam, the changes are most relevant to US multinationals with operations in Vietnam and US operations of Vietnam investors. However, given the influence US companies have on the global economy, its effects could be far broader.

Please join us as EY US Tax specialists, as well as local experts, discuss how the new tax law changes will affect both US multinationals as well as Vietnam corporations with US operations and how corporations should consider and be prepared for going forward.

The experts from EY are very pleased to have private consultant in EY office from 2:00pm - 5:00pm. Please contact Ms. Ngoc Anh Phung at [email protected] to set up the meeting.

Sponsor

Agenda

8:30 am	Registration & Refreshment
9:00 am	Welcome remarks
9:05 am	Key highlights of the recently-enacted US tax reform law and its potential impact to Vietnamese subsidiaries of US multinationals and Vietnam companies with US operations
10:35 am	Q&A session with the EY US and EY Vietnam tax experts
11:00 am	Event ends

Costs

AmCham Members: VND 550,000 | Non-members: VND 700,000

Reservations/cancellations must be received by 24 hours before the event, and must be made on-line, by email, or by fax. We are unable to accept reservations/cancellations by telephone.

Moderator

Anthony Duong, Ernst & Young, HCM Office Managing Partner & Assurance, Market Leader

Tony is the Office Managing Partner as well as Assurance Services Leader based in Ho Chi Minh City. Tony has over 20 years of experience working in Vietnam, Australia, and the United States servicing large corporate registrants across multiple industries. Tony is also a member of the Asia Pacific Financial Accounting and Advisory Services team and worked on various projects including consulting on the convergence of local accounting standards to IFRS with the Ministry of Finance.

Tony graduated with a Bachelor of Business Administration, majoring in Accounting from the University of Wisconsin.  He is a United States and Vietnamese Certified Public Accountant and a Member of the American Institute of Certified Public Accountants (AICPA) and the Vietnamese Association of Certified Public Accountants (VACPA).

Speakers

Aaron Topol, Ernst & Young, Partner

Aaron Topol a Partner in Ernst & Young’s Tax Services practice. Aaron is currently based in Hong Kong and leads the US Tax Desk for the Asia Pacific region. Prior to joining the US Tax Desk, Aaron was based in Atlanta, Georgia and New York, NY and provided tax services to multinational clients with respect to cross-border transactions and operations.

Aaron has served as a tax advisor to both large public companies and mid-size private companies. He has assisted clients with due diligence, acquisition structuring and financing, cross-border asset migrations, repatriation strategies, foreign tax credit planning, Controlled Foreign Corporation planning and various other tax issues. He has experience in advising clients with regard to US federal income tax, tax accounting, international tax and tax compliance.

Aaron earned his bachelor’s degree in accountancy and master’s degree in accountancy from the University of Florida. He is a certified public accountant licensed in the state of Georgia and is a member of the American Institute of Certified Public Accountants, Georgia Society of Certified Public Accountants and the International Fiscal Society.

Aaron has won the Outstanding Young Alumni award from the University of Florida, served on the Atlanta Steering Committee for the International Fiscal Association, and in 2016 was the Americas area sponsor for the Young Tax Professional of the Year competition, which was established by EY to reward and foster the next generation of tax leaders.

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Garrett Davidson, Ernst & Young, US Tax Desk, Senior Manager

Garrett is a US-focused international tax services Senior Manager, based in Singapore. As a member of EY’s Global Tax Desk Network, Garrett serves clients throughout Asia-Pac, but with emphasis in Southeast Asia.  Prior to relocating to Singapore, Garrett was based in Miami, Florida where for seven years he provided international tax services to large and middle-market clients based in the Southeast Region of the United States.  In addition to those of Latin America, Garrett is also familiar with Asian customs & work styles, having lived and worked in Singapore previously, in 2008.

Garrett graduated magna cum laude from Xavier University in Cincinnati, Ohio. He completed a portion of his studies at the American University in Dubai and is a certified public accountant (CPA) in the State of Florida.  Garrett is also a member of the International Fiscal Association - USA Branch, a non-profit professional organization for tax advisors, tax professionals in industry, tax professors, and other practitioners focused in the area of international tax.

Garrett has experience in providing complex international tax advisory and planning services to both US-inbound and US-outbound companies in a variety of industries such as Technology, Healthcare, Consumer Products & Retail, Chemicals, Entertainment, and Logistics.  His work focuses on US tax issues related to cross-border acquisitions (stock and asset), restructurings, dissolutions, and dispositions; he also has experience in the complex and many US compliance & reporting issues related to the same.  Garrett also has experience in subpart F and 956; currency issues such as 986(c), 987, and 988; check-the-box planning; 338(g) election planning and related 1060 asset allocations; repatriation planning; foreign tax credit planning; permanent establishment & taxable presence determination, as well as US and OECD model treaty analysis.

In addition to having a passion for client service, Garrett also enjoys technical development of others.  He is a returning instructor at EY’s internal international tax training program, has taught at numerous client international tax training sessions, and has led international tax CPE sessions for BNA Bloomberg.

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Rob King, Ernst & Young, Tax Market Leader

Rob is a qualified chartered accountant and a member of the Institute of Chartered Accountants in Australia. Rob also holds a legal practicing certificate in Western Australia. He has more than 20 years experience specialising in tax across a range of sectors including consumer products, mining, energy and infrastructure.

Rob’s technical expertise and strong industry insight drives his highly pragmatic approach to client relationship management. As a full service advisor, he provides support ranging from general corporate tax advice and compliance, to more in-depth planning and structuring for major new investments, acquisitions, divestment and financing.

Rob joined Arthur Andersen’s tax practice in Sydney after graduating with a BCom/LLB  from the University of NSW in 1994. Rob joined Ernst & Young’s mining, energy and utilities group following the merger with Arthur Andersen in 2002. Rob has worked in Sydney, London, Croatia, Slovenia, Perth and now Vietnam. Working in a number of different markets and in a number of different roles has given Rob a broad range of tax experience in both mature and maturing markets. In July 2015, Rob moved to Vietnam to lead the tax team and bring his international tax expertise and general experience to the local market.