During June 14-15, 2012, the CIAT Executive Secretary, Mr. Márcio Verdi, attended the subject American Bar Association tax section conference and participated in the Government Roundtable discussion. The panel also included tax officials from Chile and Mexico, as well as, tax professionals from the US and several Latin American countries. This year’sconference was held in Miami, Florida.

During the discussion the panel addressed issues, recent developments, and legislative proposals in international taxation. Included in the discussions were recent shifts to territorial systems, transfer pricing, foreign tax credit limitations, information exchange, withholding taxes, transparency, and joint audits of global businesses.

Mr. Verdi spoke on the challenges that tax administrations in this region face regarding transfer pricing issues and the examination of multinational enterprises. He added that it is important to have an open dialogue on these issues between the tax administration, taxpayers and the tax practitioner community in order to effectively resolve tax issues and controversies.

Picture – Main Table