The benefits of removing Canadian and US tax hurdles for cross-border cash pooling
October 19, 2016 @ 11:45 am - 1:00 pm
Free – $75.00
AFP Calgary warmly welcomes Peter van Dijk, National Tax Policy leader of PWC in Canada, to discuss how developing proposed tax policy changes and solutions can address cash pooling challenges for Canadian businesses and improve treasury management practices.
Currently, both Canadian multi-nationals and foreign multi-nationals with Canadian subsidiaries are unable to take full advantage of cash pooling due to restrictive Canadian and US tax rules, leading to sub-optimal treasury management practices.
Cash pooling is a powerful tool, offering numerous benefits, including
Improved use of liquidity and foreign exchange management
Improved visibility of wider group activities
Improved risk management
Improved operational efficiency
Peter van Dijk
Peter van Dijk, Partner, National Tax Policy Leader, PWC Canada
Peter is the National Tax Policy Leader of PwC in Canada. Throughout his career, he has built strong relationships with tax policy and revenue authorities in many countries, including Canada, the US, the UK, the Netherlands, Luxembourg and Singapore as well as with the OECD through his active participation in the BEPS initiative.
Prior to joining PwC, Peter spent over 12 years leading large tax functions for two leading Canadian financial institutions, TD Bank Group and Sun Life Financial. During his time at TD Bank Group, Peter co-led the team responsible for designing and implementing the governance and systems infrastructure to allow the bank to comply with the US Foreign Account Tax Compliance Act (FATCA) regulations. Peter also led TD Bank Group’s active participation in the consultations with the US Treasury Department and the Internal Revenue Service on the FATCA regulations.
Peter has a Dutch and a Canadian Master of Laws degree (University of Leiden Law School and Osgoode Hall Law School, respectively) as well as a Canadian Master of Business Administration degree (Richard Ivey School of Business).
