15 CPE’s are available.  No prerequisites are required. IADC/SPE/PESA/IAGC Members Only.
IADC is registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the board as to the quality of our CPE program.

Welcome

Worldwide tax issues affecting the drilling and producing industry will be addressed at the IADC International Tax Seminar. IADC tax seminars are geared to both specialists and non-specialists. Continuing education credits will be offered for tax specialists. We are registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the board as to the quality of our CPE program.

StartJune 6, 2024EndJune 7, 2024
CityLas Vegas
CountryUnited States
Wynn Las Vegas

2023 Event Demographics

Registrants by Job Title

  • Management
  • Miscellaneous
  • Training/Education
  • Company Owner/Corporate Officer
  • Completion Engineer
  • Drilling and/or Completion Operations
123

Attendees

Registrants by Company Type

  • Equipment Manufacturer
  • Land Drilling Contractor
  • Land/Offshore Drilling Contractor
  • Offshore Drilling Contractor
  • Offshore Well Servicing Contractor
  • Training
  • Oilfield Service/Consultant

Registrants by Location

  • Registrants
This event is advertised in industry publications media including:

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We thank you for your support!

The International Association of Drilling Contractors (IADC) is a non-profit organization. Income from this event will be invested back into other IADC initiatives we develop to serve the drilling industry to connect, share knowledge, tackle common problems and develop solutions to critical issues in different parts of the world. By participating in an IADC event you will be improving and supporting your own industry.
IADC provides web links as a member service. IADC does not warranty or endorse the accuracy or reliability of any of the information, content, or advertisements contained on websites linked to IADC.org or any of its subsidiary pages.

Venue & Hotel

Wynn Las Vegas

Address 3131 Las Vegas Blvd. Las Vegas, NV 89109

Phone +1 702 770 7000

Negotiated Room Rate $284 (*includes resort fee, plus taxes/fees)
Single/Double Occupancy

NOTE: Rates available until Saturday, 4 May 2024. Please make your room reservations directly with the hotel. Please be sure to mention IADC to obtain discounted rate.

Warning!
Please note that there are several 3rd party companies actively approaching conference delegates and exhibitors by phone and email trying to sell hotel rooms at the contracted hotel for a cheaper rate than the published rate on this conference website. Please note that these companies do not represent IADC or the hotel, nor has IADC or the hotel authorized them to use their names or trademarks on information they send out to exhibitors and delegates.

To avoid being a victim of fraud, please do not give out your credit card details to any other party and be sure to make your hotel reservations exclusively through the contracted hotel.

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Registration Information

CPE’s are available.  No prerequisites are required. IADC/SPE/PESA/IAGC Members Only.
IADC is registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the board as to the quality of our CPE program.

Registration Fee:  Member $600   Non-member $765

  • Employees of federal regulatory agencies may be eligible for a 50% discount on conference registration.
  • Speakers and sponsors are not eligible for online registration. (Complete the Conference Registration Form PDF above)
  • In order to receive a letter of invitation, IADC requires payment via Wire Transfer. The wire transfer information is included on the registration form. (Complete the Conference Registration Form PDF above)
  • IADC offers discounted registration to full time students not currently employed in industry.  Please contact registration@iadc.org for further information.
  • No refunds will be made for cancellations 30 days prior to the conference date.

Press Policy

Complimentary press registration is limited to one (1) person per company. This individual must be a titled editor, writer, reporter or other bona fide editorial representative of a legitimate industry or consumer publication. Publishers and sales and marketing specialists are excluded from this complimentary registration practice and must pay the full conference registration fee to attend an event.

No unauthorized photos, videos or recording allowed.
Recording in any form (audio, video, still photography, etc.) of presentations and/or speakers during sessions, poster presentations, workshops, etc., without the express written consent of IADC and the party to be recorded is strictly prohibited.  *Those who do not comply with the Recording Equipment/Photo policy may be asked to leave the premises and barred from receiving complimentary press registration for future IADC events.

Press registration must be received 1 week prior to the event to ensure entrance.  Members of the press will be identified with a green press ribbon attached to their name badge.

Need Help? registration@iadc.org / +1.713.292.1945

Program

15 CPE’s are available.  No prerequisites are required. IADC/SPE/PESA/IAGC Members Only. We are registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the board as to the quality of our CPE program.

Wednesday, 5 June 2024

2:00–5:00 pm  IADC Tax Committee Roundtable  Margaux1 (Committee Members Only, separate registration required)

Thursday, 6 June 2024

7:40 am  Registration & Coffee Service  Margaux Foyer

8:10 am  Welcome & Opening Comments Margaux 2
Stuart Vogt, Chairman, IADC Tax Committee; VP Corporate Tax, Transocean Ltd.

8:15 am  IADC Washington, DC Update: Joe Lillis, Vice President, Policy, IADC
Joe will talk about IADC’s presence in DC, recent lobbying efforts, legislative actions in Congress, DC Fly-Ins, and DrillersPAC, IADC’s political action committee and how attendees can get more involved.

Moderator: Joe Lillis, IADC
8:30 am  Pillar 2 & ASC 740 It’s Really Happening:  Jenna Summer, Partner, Jared Huish, Partner, Jeff Hiller, Managing Director, Amy Ruday, Managing Director, KPMG
This session will overview day one readiness, provision reporting matters and working with your financial auditors, recasting deferreds, perm treatments, how it works, and elections.

9:20 am  Australasia & Asia Regional Update: Speaker to be named, Deloitte

10:10 am  Coffee Break

10:35 am  Pillar 2 & Driller Issues:  Bret Oliver, Partner, Hilde Thorstad, Partner, Alison Smith, Director, PwC
Pillar 2 discussion focusing on driller related issues, including rig movements, CODI, bankruptcy, fx, owner operated and BBC structures, M&A, audit settlements, tripartite agreements and other unique structures and debt. 

11:25 am European Regional Update: Miklos Santa, Partner, EY Hungary, Richard Kocsis, Managing Director, EY US Global Tax Desk
Provide update on significant tax developments in key European Union countries that are most relevant to the drilling sector, including latest Pillar 2.0 updates, trends on tax audits, and proposed legislation that could be enacted in the near future.

12:15 pm  Luncheon  Margaux 1

Foreign Exchange – Friend or Foe in International Tax: Rod Gibbons, Director, Willow Gibbons, Ballycatter Group Inc.
From personal finance to business activities, how foreign exchange is handled within international tax can have a significant impact on the bottom line.  This paper describes lessons learned from a quarter century of personally moving money internationally and a winning strategy for maximizing value through currency exchange in international transactions.

1:30 pm  What’s Ahead in the Tax Legislative Landscape: Navigating Election Year Politics & the Looming 2025 Tax Cliff: Jennifer Acuna, Principal, KPMG
This session will examine the tax legislative landscape for what remains of the current Congress and evaluate tax legislative options and potential outcomes, for the upcoming Congress through the lens of the 2025 tax cliff.  

2:20 pm  Pillar 2 Tax Provision & Reporting Readiness: Paul Wagoner, International Tax Senior Manager, Quantitative Consulting Group National Office, Leslie Coye, Senior Manager International Tax, Deloitte
Understanding the Pillar 2 computation, from TSH, QDMTT, IIR, and UTPR.  Potential differences by jurisdiction, the matrix of IIR/UTPR reporting with complex ownership chains, how the P2 tax return may look, timing of cash payments, constant change of guidance  and focuses on challenges in the current landscape including data collection, processes, and calculations.

3:10 pm  Coffee Break

Moderator: David Chen, Noble

3:35 pm  New World of Tax & Transfer Pricing in LATAM for the Drilling Industry: Gene Tien, Principal Economist, Baker & McKenzie Consulting LLC, Luis Carbajo-Martinez, Principal, Baker & McKenzie Abogados, S.C., Maria F. Furtado, Principal, Trench, Rossi e Watanabe Advogados
Brazil’s alignment with the OECD tax and transfer pricing guidelines creates a major shift to the tax landscape in Latin America, but it is only one part of a trend toward a new world of taxation across the region.  For example, countries like Mexico have become more active in conducting tax audits, and transfer pricing controversy has become more meaningful.  However, these trends are not without their tax planning opportunities.  This session will focus on developments in Latin American tax in key jurisdictions that affect the companies in the contract drilling industry.

4:25 pm  IRS Controversies of the Present & Future: Rob Morris, Partner, Norton, Rose, Fulbright
The presentation will cover some of the IRS’s new compliance initiatives in federal tax enforcement, including transfer pricing and economic substance. 

5:05 pm  Welcoming Reception  Margaux 1  Sponsored by Norton, Rose, Fulbright

Friday, 7 June 2024

8:00 am  Registration & Coffee Service  Margaux Foyer

8:25 am  Welcome & Opening Comments: Stuart Vogt, Chairman, IADC Tax Committee; VP Corporate Tax, Transocean Ltd.

Moderator: Stuart Vogt, Chairman, IADC Tax Committee; Transocean Ltd
8:30 am  US Regional Update: Lauren Dangelmayr, Partner, Owen Holladay, Director, PwC
Update on various US tax matters, including transfer pricing and international tax developments.

9:20 am Charting a New Frontier: Adapting Existing Transfer Pricing Models to the Evolving Global Transfer Pricing Landscape: Nick Gaudioso, Jr. Sr. Manager, Mayank Gautam, Managing Director, Randy Price, Managing Director, Deloitte Tax, LLP
 A tax and economic overview of current transfer pricing models for the contract drilling industry, key risk areas, and best practices for tax practitioners in the evolving transfer pricing landscape. Futhermore, we will discuss key areas of tax controversy across the contract driller value chain for traditional transfer pricing models related to financing, rig valuations, and intangible property use.

10:10 am  Coffee Break 

10:35 am Pillar 2 Guidance & Plans: Sjaak de Pagter, Partner, Daniel McMaster, Partner, EY International Tax Services
Update on the latest BEPS Pillar 2 developments and trends that could have an impact on company’s financial position, how to deal with changing guidance (retroactive, trends, OECD procedures and current state of P2 enactment). Discuss differences in the manner that countries have adopted BEPS Pillar 2 rules that may create uncertainty for tax departments and how those uncertainties may be resolved. How the US may respond, the UN and African and Latin American response, P2 definitions of leasing, and impact on debt and internal financing, (3.2.7 and 2.6.3), and opportunities which may exist.

11:25 am Middle East/Africa/India Overview: Vincent Lacombe, Partner KPMG France & Africa Tax Coordinator, Anjani Sharma, Partner, KPMG India NYC Resident, David Leeds, Managing Director, Anand Krishnan, Director Doha, KPMG
This session will provide an update on corporate tax matters in the Middle East, Africa, and India.

12:15 pm Luncheon  Margaux 1

Tax & Sustainability: Niels Muller, Partner, Energy Transition & Sustainable Energy, Charalambos Antoniou, Partner, PwC
Discussion of latest developments on sustainability efforts in Europe, the US and beyond.

Moderator: Shilpa Mane, Noble

1:30 pm  Tax Reform, Repetro-Sped & Transfer Pricing updates in Brazil: Carolina Bottino, Partner, Ivan Tauil, Founder & Tax Partner, Eduardo Telles, Tax Partner, Tauil & Chequer Advogados in association with Mayer Brown
After more than two decades of discussions, in 2023 the final text of the Constitutional Amendment n. 132/2023, known as the Brazilian Tax Reform on consumption was enacted. The reform significantly changes the current taxation of goods and services, substituting the indirect taxes in force by a dual Value-Added Tax (IVA). In addition, a new law was approved which introduced new Transfer Pricing rules aimed at aligning the Brazilian system with the OECD standard. Finally, Drillers faced significant challenges on the import of drilling rigs in Brazil due to new interpretation of the Repetro-Sped legislation by Brazilian Tax Authorities. This scenario brings Brazil into the spotlight again and the necessity to understand how to do business in the country.

2:20 pm  Tax Technology Developments & Best Practices:  Aaron Puiszis, Partner,  EY Tax Technology and Transformation
Discuss and showcase latest trends in technologies that tax departments are utilizing to automate activities, manage data risks, utilize artificial intelligence, and provide value to organizations.

2:55 pm  Adjournment: Stuart Vogt, Chairman, IADC Tax Committee; VP Corporate Tax, Transocean Ltd.

Program Committee

  • Bryan Stelly, Patterson-UTI
  • Christian Ochoa, Valaris
  • Javier Hernandez, Seadrill
  • Joel Cermak, Diamond Offshore
  • Jonathan Baskeyfield, Ensign Energy Services
  • Linda Ibrahim, Vantage Drilling
  • Mike Weinstein, Nabors
  • Nathan Dockray, Parker Wellbore
  • Stuart Vogt, Transocean
  • Leesa Teel, IADC

Sponsorship

There are five levels of sponsoring: Diamond sponsors, Platinum Sponsors, Gold Sponsors, and Silver Sponsors. Event sponsorships are also available and will be categorized by monetary contribution with the appropriate level of sponsorship. Please find the benefits of the sponsor packages below. The conference sponsor will receive high profile recognition before, during and after the conference. IADC membership required to be eligible.

*Comps refer to number of complimentary registration
Interested? Contact stephanie.carling@iadc.org / +1.713.292.1945

PLATINUM SPONSOR

GOLD SPONSORS

SILVER SPONSORS

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