The importance of corporation tax to multinationals and their selection of locations for investment will be discussed by Intel’s director of global tax and trade at a major finance conference in National University of Ireland Galway (NUIG) next month.
Nanci Palmintere, who is currently vice-president of finance and enterprise and director of global tax and trade for Intel Corporation, will visit NUIG to deliver the keynote address entitled ‘Tax and Business Aspects of Site Selection’ at the 17th Annual Tax Research Network (TRN) Conference, which will take place on 4 September.
Palmintere is an internationally recognised expert in taxation. She is responsible for a broad range of activities including negotiation with the IRS and foreign tax authorities, tax planning for mergers and acquisitions and negotiating with governments for tax incentives associated with site selection for Intel.
The TRN is an interdisciplinary organisation set up to encourage research into all aspects of taxation.
Its annual conference, which is being held in Ireland for the first time, will run from 4 to 5 September at NUIG’s JE Cairnes Graduate School of Business and Public Policy.
The event will bring together academics engaged in taxation research, as well as representatives from the accounting professional bodies, tax practitioners, tax executives in industry, the Irish and UK Revenue Authorities.
“Corporation tax is an important source of revenue for government and in times of global economic downturn issues surrounding taxation become ever more pertinent,” said conference organiser Dr Emer Mulligan, Department of Accountancy and Finance, NUIG.
“The Irish Government has made a guarantee that the 12.5pc rate of corporation tax will remain. Consideration must be given however to how best the tax system can encourage economic activity, while funding necessary public services and assisting government in meeting its social objectives.”
Frank Daly, who heads up the recently formed Commission on Taxation in Ireland, will also speak at the event. Areas being investigated by the Commission include the role of the tax system in encouraging long-term savings to meet the needs of retirement and fiscal measures needed to protect and enhance the environment.
By John Kennedy
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