Kevin Kenworthy's Remarks at Parker C. Fielder Conference Quoted in Tax Notes Today

"Passive Investors of IP Aren't Limited to Risk-Free Return"
Tax Notes Today
11.23.15Kevin Kenworthy's remarks during the Parker C. Fielder Oil and Gas Tax Conference in Houston, TX on November 19, 2015, were quoted in Tax Notes Today. Kenworthy participated in a panel discussion titled "Current International Tax Issues for the General Tax Practitioner," with Internal Revenue Service Deputy Associate Chief Counsel Anne Devereaux. Panelists discussed the OECD's base erosion and profit-shifting final report on transfer pricing and the impact on cost-sharing rules. If passive investors won't be allowed to earn higher, risk-adjusted returns, "that would be a significant departure" from the current rules, Kenworthy said.
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