Planning for Future Tax Legislations: Interview with: Michael Hainkel, Senior Vice President, Tax, Lions Gate Entertainment Corporation, a speaker at the marcus evans Tax Officers Summit XIV 2012, focuses on how information can be shared within organizations to increase tax savings and the role of Tax Officers as advisors.
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Planning for Future Tax Legislations: Interview with: Michael Hainkel
1. Planning for Future Tax Legislations
saved. The tax department receives the Reporting, both to the appropriate
resources it needs, the appreciation it regulatory and taxing authorities must
deserves and becomes an integral part be accurate, favorable and timely. Goals
of the decision process. focused on improving the company’s
cash flow should be set for the team.
With a new political climate in the The entire department should
wings, and the uncertainty of a demonstrate an exemplary work ethic to
struggling economy, what problems the rest of the organization and work to
do you predict for Tax Officers? build a culture of team work between
departments. If tax professionals can
Upcoming tax legislation has to be accomplish these goals, the organization
considered, as transactions in the as a whole will become far stronger.
present and future need to be
Interview with: Michael Hainkel, structured around those laws. With so Is there any further advice you
Senior Vice President, Tax, Lions many governments considering how to would like to add?
Gate Entertainment Corporation raise revenue, tax rates are expected to
fluctuate, current incentives are at risk If communication readily flows in the
and initiatives to accelerate the organization, the tax department will be
Tax Officers must be conscious of repatriation of foreign earnings are considered an advisor and information
future legislation that may be enacted, being seriously discussed. In essence, will be shared. Better decisions will be
so that they can help influence laws and Tax Officers cannot know what made and transactions will be properly
warn management to include them in sweeping legislation will be enacted but reported.
their decision-making, says Michael they must plan around and for it.
Hainkel, Senior Vice President, Tax,
Lions Gate Entertainment Corporation. What are the benefits of tax
Certainty may not be available, but professionals actively becoming a
transactions must be planned, he part of m a n a g em e n t ’ s and
Tax Officers
adds. operation’s decision -making
process?
A speaker at the marcus evans Tax
Officers Summit XIV 2012, in Las Tax professionals can help operational
Vegas, Nevada, November 8 -10,
Mr Hainkel discusses the needs and
goals of Tax Officers and how achieving
leaders achieve their goals more
efficiently by helping them properly
structure their transactions. This will
must plan
these can work towards the
organization’s savings.
ensure that only the appropriate tax is
paid and cash flow is improved. Without
this involvement, managers make
around
and plan
Why should the entire organization decisions that may appear to save the
be informed about tax savings? company money but may actually cost it
more.
for future
When the entire organization knows
about tax savings, everyone What goals should they strive for
understands the tax department’s within their function, and how can
function better; they start thinking these be achieved?
about how the department can help
their division and begin to ask questions
as transactions are planned. The more
The tax department must have access
to decision-makers and funding to
legislations
members of the organization engage the acquire employees and the research
tax department, the more money can be tools it needs to meet its objectives.
2. About the Tax Officers Summit XIV 2012
The Finance Network – marcus
This unique forum will take place at the Red Rock Casino, Resort & Spa, Las Vegas,
evans Summits group delivers
Nevada, November 8-10, 2012. Offering much more than any conference, exhibition
peer-to-peer information on
or trade show, this exclusive meeting will bring together esteemed industry thought
strategic matters, professional
leaders and solution providers to a highly focused and interactive networking event.
trends and breakthrough
The Summit includes presentations on corporate tax management, global property
innovations.
tax management, marketing the tax department, transfer pricing, and identifying
mitigating transfer pricing risks.
www.taxofficerssummit.com
Contact
Please note that the Summit is a
Maria Gregoriou, Journalist, marcus evans, Summits Division
closed business event and the
number of participants strictly Tel: + 357 22 849 400
limited. Email: press@marcusevanscy.com
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To view the web version of this interview, please click here: www.taxofficerssummit.com/MichaelHainkel