PROGRAM DETAILS:

08:30 09:00 AM Registration & Coffee

09:00 09:15 AM
A Word of Welcome Senior Functionary of MAI
09:15 09:50 AM
1) Increasing International Tax Reporting Requirements
for Multinational Companies
Michael Schwartz & Henriette
Fuchs - Dialogue
09:50 - 10:20 AM
2) Corporations Providing Cross Border
Compensation/Benefits Programs Also Beware!

Candace Quinn
10:20 - 10:50 AM
3) How FATCA Can Trap the Unaware Susan Grbic
10:50 11:00 AM
Questions
11:00 AM
Light Snacks & Coffee


1) Increasing International Tax Reporting Requirements for Multinational Companies :
Transfer pricing and country by country template
Treaty abuse provision
Digital economy
Hybrid mismatches

The OECD is proposing drastic changes to the existing tax rules that could dramatically affect companies tax
situations. In particular, the digital economy rules have a virtual PE that can cause an organization to have tax nexus
in a country where it does not possess a physical presence. We will explore the major proposed changes that are
expected to be adopted by the member countries.

2) Corporations Providing Cross Border Compensation/Benefits Programs Also Beware!
Potential pitfalls relating to taxation of executive compensation are increasing around the globe. Companies must be
equipped to navigate multiple, changing, jurisdictional taxation regimes and be compliant with rigorous regulatory
requirements or risk costly penalties and taxes. In addition, we will explore how to determine if your retirement
arrangement is exempt from the U.S. Foreign Account Tax Compliance Act (FATCA) and if your company or executives
are at risk.

Update on FATCA relating to trusts and how the Foreign Pension Exception Rules work
IRC 409A has a long reach in terms of taxation and penalties on global deferred compensation income





WeiserMazars LLP, Barnea & Co., and The Manufacturers Association of Israel
invite you to a Breakfast Workshop:

Global Businesses Under Fire
Tightening Tax and Reporting Requirements

Thursday Morning, May 8, 2014
9:00 AM 11:30 AM
Manufacturers Association of Israel - Hamered 29, Tel Aviv













3) How FATCA Can Trap the Unaware
The July 1st deadline for compliance with FATCA is drawing near, and many MNCs believe that they do not need to
comply. They are wrong.

MNCs that are currently in compliance with existing U.S. tax reporting and withholding requirements will take on new
responsibilities and requirements, and may also be surprised to learn that certain types of non-U.S. affiliates,
including holding companies and treasury centers, can be treated as financial institutions for FATCA purposes. We
will explain how FATCA impacts your operations in this informative session.

SPEAKERS

Susan Grbic, Partner Practice Leader, Financial Services Tax & Banking Group Co-Head, WeiserMazars LLP

Susan has over 20 years of experience in the financial services industry focusing principally on significant cross-
border transactions including inbound and outbound investment, international and corporate tax planning, and
the tax treatment of complex financial products, hybrid instruments and capital markets transactions.

Candace Quinn, Principal Practice Leader, Global Compensation and Benefits, WeiserMazars LLP

Candace has more than 25 years of experience providing tax and advisory services in respect to employee
benefits and executive compensation, fiduciary standards, best practices corporate governance, and internal
controls with respect to multinational and domestic business enterprises, boards of directors and not-for-profit
entities.

Michael Schwartz, Director International Tax, WeiserMazars LLP

Michael has more than 30 years of experience working in a multitude of tax related areas. He has extensive
international tax experience with a great deal of concentration in financial services and capital markets. His
industry experience extends from hedge funds to banking, insurance, manufacturing, and advertising.

About WeiserMazars LLP & Mazars Group
WeiserMazars LLP provides insight and specialized experience in accounting, tax and advisory services. Since 1921, our
skilled professionals have leveraged technical expertise and industry familiarity to create customized solutions to client
challenges. Locally and internationally, we build lasting relationships with our clients by addressing their particular needs,
creating value and optimizing their organizational performance.

Mazars is a prominent international accounting, audit, tax and advisory services organization. With nearly 14,000
professionals in more than 70 countries on six continents, Mazars delivers consistent quality to its clients.

For more information visit us at www.weisermazars.com

About Barnea & Co.
Barnea & Co. is one of Israel's leading commercial law firms. The firm provides on-going legal counsel in a variety of fields,
including corporate law, M&A, infrastructure and project finance, litigation, real-estate, securities and capital markets,
technology, tax, insolvency, internet and employment.

About The Manufacturers Association of Israel
The Manufacturers Association of Israel (MAI) is the representative body of all industrial sectors in Israel: private, public,
kibbutz and government. It consists of more than 2,000 organizations and factories which are responsible for more than 95%
of the industrial production in Israel.