International Investments: The 2017 National Superannuation Conference

The Trump administration
continues to create uncertainty for investors. Now more than six months into
his presidency, advisers are still unclear on the long term policy direction of
the new administration and its effect on investments made by Australian superannuation
issues affecting due diligence of international investments by large
superannuation funds range from the US tax treatment of investments to laws
enacted under the Obama administration, including the Protecting Americans from
Tax Hikes (PATH) Act, and older laws like the Foreign Investment in Real
Property Tax Act (FIRPTA).
At the 2017 National Superannuation Conference, PwC’s Jeff Miller, Makoto Takahashi and Todd
Chesla all fly in from the US to present the session ‘International Investments’.

Jeff Miller and Makoto Takahashi
Reviewing current
significant issues affecting international investments by large funds, they
will cover the recent and proposed US tax reform and the issues for Australian funds
investing in the U.S.
Jeff said
“We’ll be looking to cover off the latest on US tax law changes, recent issues
in Qualified Foreign Pension fund developments, and provide an update on The
latest on US tax filing requirements.”
Makoto told
us, “In the session, I’ll be taking a practical approach to dealing with U.S.
tax compliance and U.S. investment and structuring. Delegates will hear about
the issues that occur when dealing with tax compliance, investment and structuring,
and leave with a better understanding of compliance issues and investment
structuring developments, including QFP.”
Asked about
what the year ahead holds, Jeff told us “In the coming financial year, I
predict many funds are going to be looking into more U.S. investments, and when
doing so they need to be aware of potential IRS audits of tax withholding as
well as ATO audits on FITO, including U.S. tax returns.” Makoto said “As I see
it, it will be a period of continued uncertainty in global tax strategies,
especially around potential Trump Tax Reform, which I’ll be covering in the
Jeff Miller
is an International Tax Partner in the San Francisco office of PwC with over 20
years of U.S. tax experience, and two working in London, he has a background in
serving financial services clients and most recently providing assistance to a
number of Australian superannuation funds & Investment Advisors as well as
similarly situated clients in other jurisdictions.
Makoto Takahashi,
is a Tax Director at PwC in San Francisco. He has been
assisting U.S. tax compliance and consulting for a number of superannuation
clients past 10 years, and his specialities include state and local taxes and
also U.S. investments by Australian and other non-U.S. investors.
Jeff and
Makoto are joined by International Tax Director Todd Chesla for their session,
taking place in the Large Funds stream of the conference.
The 2017 National
Superannuation Conference takes place 24-25 August, in Sydney. Find out more
about the program on our website.


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