The American Jobs Creation Act of 2004 Webcast Series
Part 1: Repatriation Incentives and Other International Provisions

Congress recently passed The American Jobs Creation Act of 2004 ("The Act"), which seeks to end the trade dispute between the U.S. and the European Union. This bill is the most significant corporate tax act since 1986 and presents planning opportunities for companies in many areas.

Over the next several weeks, PricewaterhouseCoopers will present a series of webcasts that offer in-depth analysis of the significant aspects of the legislation. Please join us for the first of these webcasts, to be held at 2pm EDT on October 28, 2004, as we discuss the international provisions of The Act. Coverage will include the International Tax Reforms, involving foreign tax credits, subpart F, and other international provisions.

Special focus at the beginning of the Webcast will be on the incentives for US companies to repatriate foreign accumulated earnings. Topics will include:

• What constitutes a qualified dividend
• Permitted uses of the repatriated funds
• The need to compute current and accumulated earnings & profits and tax pools
• The potential impact of repatriation planning on foreign tax credit or NOL positions
• Reducing withholding taxes on distributions
• Timing of distributions between 2004 and 2005

Questions & Answers. There will be a Q&A session during the presentation.

Speakers will include:
Bill Archer – Former Chairman of the House Ways and Means Committee
Bob Shapiro – Former Chief of Staff of the Joint Committee on Taxation of the U.S. Congress
Alan Fischl – Chief Technical Advisor to the Homeland Coalition
John Ranke – National Practice Leader, International Tax Services
Mike Urse – U.S. Outbound Planning Leader

Future webcasts on the American Jobs Creation Act of 2004:

  Wednesday, November 3rd
  2:00-4:00 EST

Access
To Access the Webcast:
• Click on this link to open the webcast - "International Provisions Webcast" OR
• Copy & paste this URL into your browser's address bar: http://pwc-crypt-svr.cwusa.tv/20041028/launchredirect?guid=nonpwcstaff

You should log in approximately 15 minutes before the webcast begins. Disable all pop-up blockers and close all applications before you access the webcast. The webcast will open in Internet Explorer to enable you to view the presentation on your desktop.

If you require technical support, please contact the PwC Helpline at 877-226-7789.

To Listen to the Audioconference Only:
If you cannot access the webcast via your computer, you may listen to the audio portion only. Use one of the dial-in numbers listed here:

888-428-4478   - or -   612-332-0107
 

PricewaterhouseCoopers LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org

For more information regarding complaint and program cancellation policies, please contact Amanda Demilt at 646-394-4465. The information and considerations conveyed during this program do not constitute legal or accounting advice. Companies are encouraged to consult with their legal counsel and auditors regarding all legal and accounting issues.

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