After more than 22 years as Senior International Tax Counsel for General Electric Co. ("GE"), Peter Barnes joined Caplin & Drysdale as Of Counsel to the firm's International Tax Group in 2013. His over 30 years of experience in the international tax arena help Mr. Barnes bring a wealth of knowledge to the firm and its clients.
In 2015, Mr. Barnes was elected as the U.S. delegate to the Permanent Scientific Committee of the International Fiscal Association ("IFA"). In this role, he will help supervise the planning and implementation of the scientific work of IFA. Mr. Barnes also serves as a Senior Fellow at the Duke Center for International Development ("DCID") at Duke University. There, he teaches in Duke's International Tax Program, which is jointly directed by DCID and Duke Law School. At Duke, Mr. Barnes also directs an annual week-long transfer pricing workshop for government tax officials and private sector advisors, many from developing countries.
He is listed as a recommended attorney in The Legal 500, a publication that recognizes leading practitioners, assesses the strengths of law firms, and highlights the practice area teams providing the most cutting edge and innovative advice to corporate counsel.
Services
Mr. Barnes' practice focuses on assisting multinational corporations in their global tax planning programs, including matters relating to transfer pricing, trademark licensing, and dispute resolution. His tenure at GE, combined with his government experience, enabled Mr. Barnes to offer corporate clients a global strategic approach to their most complex issues. Notable matters include:
- advice on transfer pricing issues for a privately held company worth more than$1 billion and undergoing its first major IRS audit;
- secure a letter ruling from the Inland Revenue Authority of Singapore for a U.S.-based multinational; and
- counsel a U.S.-based multinational on global tax issues with consequences in India, Singapore, and other jurisdictions.
Highlights
At GE, Mr. Barnes played a key role in supporting the company's international tax operations, with a particular emphasis on Asia. From 1994 to 1997, he was based in Hong Kong. Mr. Barnes helped build and lead GE's tax team across Asia, including extensive work in India, China, Japan, and Korea. He led and assisted global programs for GE, including the company's trademark licensing and transfer pricing work.
Prior to joining GE, Mr. Barnes served as U.S. Deputy International Tax Counsel at the U.S. Treasury Department's Office of Tax Policy, where he represented the U.S. government in treaty negotiations and as a delegate to the Organization for Economic Co-operation and Development. During his career at the U.S. Treasury, Mr. Barnes helped implement guidance arising from the Tax Reform Act of 1986.
From 2011 to 2013, Mr. Barnes was an Adjunct Professor at New York University School of Law Graduate Tax Program, teaching a course on "Asia-Pacific Tax Systems."
Speaking Engagements
An avid lecturer, Mr. Barnes has conducted over 200 presentations, individually and as part of a panel, for tax conferences and internal General Electric training programs. Recurring presentations include Harvard Law School and International Tax Program, multiple presentations (1992-present), Tax Executives Institute (Asia training programs), and IRS-GWU International Tax Conference (almost annually, since 1988). Below are recent presentations:
- Panelist, Taxation of the Digital Economy, ABA Section of Taxation, Virtual 2020 May Tax Meeting, July 1, 2020
- Speaker, The OECD Pillars, IV Spanish International Tax Summit, International Fiscal Association Spanish Branch, February 22, 2020
- Panelist, Small Business Resources for International Trade, Global Perspectives on Technology Commercialization, Research Triangle Foundation of North Carolina, November 20, 2019
- Panelist, Seminar A: Tax and Sharia Instruments, IFA 73rd London Congress, September 9, 2019
- Moderator, CLE Program: A Discussion of the Current Battle Between Governments on the Rights to Tax Digital Services and Goods, ABA Section of International Law Annual Conference, April 11, 2019
- Chair, Mutual Agreement Procedure and Dispute Resolution Under Treaties, National Foreign Trade Council, October 25, 2018
- Chair, Tax Incentives to Attract Foreign Direct Investments Without Eroding the Tax Base, 2018 International Fiscal Association Congress, September 5, 2018
- Speaker, Korean and Other Non-U.S. Companies Consider US Tax Reform (8 Months Later), 2018 International Fiscal Association Congress, September 5, 2018
- Speaker, The Morality of International Tax Planning, 2018 J. Nelson Young Tax Institute, April 26, 2018
- Panelist, Issues in Territorial Taxation and Base Erosion, Virginia Tax Study Group Meeting, March 23, 2018
- Panelist, The Future of the Corporate Tax Department, Including the GE/PwC Relationship, USA Branch of the International Fiscal Association, February 22, 2018
- Chair, LB&I MAP, APA and Tax Treaty Issue, National Foreign Trade Council, October 19, 2017
- Panelist, Black Swans of Mergers and Acquisitions: Recent Tax Events with Significant Impact, Bloomberg BNA - IFA 2017 Rio Special Session, August 29, 2017
- Panelist, The Panicked World of Permanent Establishment Planning, International Tax Institute, Inc., July 18, 2017
- Panelist, Tax Reform – What We Expect, IFA USA Triangle Region Luncheon Seminar, May 8, 2017
- Moderator, Plenary V - Introduction and Enhancement of GAARs in Asia and Effect and Consequences for Treaty Shopping/Treaty Abuse, IFA Asia Pacific Regional Tax Conference, 2017, April 29, 2017
- Speaker, BEPS Implementation: Anti-avoidance, Plenary IV - Multi-lateral Instrument - Global Harmonization and Enforcement, IFA Asia Pacific Regional Tax Conference, 2017, April 29, 2017
- Speaker, Workshop, IFA Asia Pacific Regional Tax Conference, 2017, April 28, 2017
- Speaker, U.S. Tax Reform, IFA Mexico Annual Meeting, April 4, 2017
- Speaker, International Tax/BEPS, ABA Section of Taxation, Philadelphia Tax Conference, November 3, 2016
- Speaker, Corporate Tax Officers Respond to BEPS, International Fiscal Association, September 26, 2016
- Moderator, Debate: Source vs. Residence, The George Washington University Law School and IRS, 28th Annual Institute on Current Issues in International Taxation, December 18, 2015
- Constructing Minimum Tax for International Transactions, The University of Chicago Law School, 68th Tax Conference, November 6, 2015
- Speaker, Tax Treaty Disputes in China, London School of Economics Conference on Tax Treaty Disputes, October 30, 2015
- Panelist, Transfer Pricing and What to Do After BEPS, Bloomberg BNA and Mayer Brown, Energy Tax Conference: Maximizing Value, September 21, 2015
- Panelist, The Great TP Debate, National Association for Business Economics (NABE), 2015 Transfer Pricing Symposium, July 21, 2015
- Panelist, Implementation of Documentation and Country-by-Country Reporting, Bloomberg BNA, Global Transfer Pricing Conference - Washington, D.C., June 12, 2015
- Chair, BEPS: The Impact Right Now for Companies' Tax Planning and Countries' Tax Administration, George Washington University Law School and the Internal Revenue Service, 27th Annual Institute on Current Issues in International Taxation, December 11, 2014
- Panelist, Transfer Pricing and the Implications of Business Changes for Multinationals, American Bar Association, Webinar, November 13, 2014
- Chair, Seminar I: Taxation and Non-Tax Treaties, International Fiscal Association, Indian Branch, 68th Congress, October 14, 2014
- Speaker, U.S. State Tax Considerations for International Tax Reform, Tax Analysts, June 18, 2014
- Speaker, The Future of Transfer Pricing Documentation, North American Transfer Pricing Conference, June 5, 2014
- Panelist, The OECD Discussion Draft and the Future of Transfer Pricing Documentation, American Bar Association, 2014 May Meeting, May 9, 2014
- Speaker, OECD BEPS Update, 80th Annual API Federal Tax Forum, April 28, 2014
- Speaker, Should Corporations Pay Tax? Should Corporate Tax Returns Be Public?, New York University School of Law, March 25, 2014
- Speaker, Managing and Resolving Bilateral Tax Disputes, American Bar Association, March 18, 2014
- Speaker, Teaching Ethics - Just Whose Responsibility Is It?, American Bar Association, January 24, 2014
- Chair, Sneak Peek: Hot Issues at the 2013 IRS-GWU Conference, IRS-GWU International Tax Conference, December 12, 2013
- Speaker, Interaction of Transfer Pricing and Base Erosion and Profit Shifting, 19th Annual International Tax Conference/Foundation for International Taxation, December 7, 2013
- Speaker, Future Business Models for Managing Global Companies, 19th Annual International Tax Conference/Foundation for International Taxation, December 7, 2013
- Speaker, Emerging Tax Controversies for Multinationals in India, 19th Annual International Tax Conference/Foundation for International Taxation, December 6, 2013
- Lecturer, Module: Tax Systems of Selected Economies, Tax Academy of Singapore/Inland Revenue Authority of Singapore, November 18, 2013
- Speaker, International Fiscal Association USA Triangle Luncheon Seminar, International Fiscal Association, November 12, 2013
- Speaker, A Break in the Clouds: A Proposed Framework for Analyzing Cloud Computing Transactions, 66th Annual Federal Tax Conference/The University of Chicago Law School, November 8, 2013
- Panelist, Tax Treaties and the MAP Process - Problem Areas, National Foreign Trade Council, October 30, 2013
Click here for a full list of speaking engagements.
Recent Publications
- "A Seat at the Table: Thought Leaders Discuss OECD's Plans on Digital Economy Taxation,"
with H. David Rosenbloom, Tax Notes Federal, June 15, 2020
- "COVID-19 and Tax Law: A Current View from the United States,"
with H. David Rosenbloom, Belt and Road Initiative Tax Journal, June 3, 2020
- "VIEWPOINT: Digital Services Taxes: How Did We Get Into This Mess?,"
with H. David Rosenbloom, Tax Notes Federal, March 23, 2020
- "Go BIG! How to Build a Tax Effort Worthy of the Belt and Road Initiative,"
with H. David Rosenbloom, Journal of International Taxation in China, December 11, 2019
- "Sharia Law Is Already Here - The IRS Must Respond,"
The Hill Op-Ed, October 18, 2019
- "Agency PE: Case Study, Questions and Expert Speak,"
IFA India Newsletter, January 1, 2019
- "INSIGHT: BEAT Strikes the Wrong Note,"
with Elizabeth J. Stevens, Bloomberg Tax: Daily Tax Report, March 16, 2018
- "United Nations Handbook on Selected Issues in Protecting the Tax Base of Developing Countries - Chapter IV: Limiting Interest Deductions,"
United Nations, January 22, 2018
- "U.S. Plays Lone Ranger on International Tax to Its Detriment,"
with H. David Rosenbloom, The Hill Op-Ed, January 19, 2018
- "Paradise Papers: U.S. Citizens and Residents Required to Report on Offshore Assets,"
with Mark D. Allison, J. Clark Armitage, Kirsten Burmester, and Robert T. Carney, Caplin & Drysdale Client Alert, November 6, 2017
- "Low-Tax Texas Should Pay Its Fair Share of Harvey Costs,"
with H. David Rosenbloom, The Washington Post Op-Ed, September 6, 2017
- "BEPS: The Corporate Tax Leader's Perspective,"
International Bureau of Fiscal Documentation (IBFD), July 1, 2017
- "U.S. Corporate Tax Reform and Wallace Stevens,"
with H. David Rosenbloom, Tax Notes, May 30, 2017
- "The Destination-Based Cash Flow Tax Is a VAT?,"
with H. David Rosenbloom, Tax Notes, March 29, 2017
- "Transfer Pricing Forum,"
with J. Clark Armitage, Bloomberg BNA, March 17, 2017
- "U.S. Corporate Tax Reform and Jean-Paul Sartre,"
with H. David Rosenbloom, Tax Notes, March 1, 2017
- "The U.S. Must Avoid This Untested Approach To International Taxes,"
with H. David Rosenbloom, The Hill Op-Ed, January 24, 2017
- "Tax Plans Compared (December 2016) Corporate Tax,"
with Jonathan S. Brenner, Mark D. Allison, Richard W. Skillman, and Kirsten Burmester, Global Tax Weekly, January 5, 2017
- "Tax Plans Compared (December 2016) Corporate Tax,"
with Jonathan S. Brenner, Mark D. Allison, Richard W. Skillman, and Kirsten Burmester, Caplin & Drysdale Client Alert, December 16, 2016
- "Financier Worldwide 2016 Global Tax Annual Review – United States,"
Financier Worldwide, April 27, 2016
- "The Ethical Limits of Tax Planning,"
with H. David Rosenbloom and J. Clark Armitage, Trusts and Trustees, January 6, 2016
- "Response to Final OECD BEPS Tome,"
with H. David Rosenbloom, Patricia Gimbel Lewis, and J. Clark Armitage, International Law Office, October 30, 2015
- "The Final OECD BEPS Tome Has Arrived,"
with H. David Rosenbloom, Patricia Gimbel Lewis, J. Clark Armitage, and Neal M. Kochman, Caplin & Drysdale Client Alert, October 8, 2015
- "Transfer Pricing Audits: Flipping the Tested Party,"
with H. David Rosenbloom and J. Clark Armitage, International Law Office, August 28, 2015
- "Transfer Pricing Audits: Flipping the Tested Party,"
with J. Clark Armitage, H. David Rosenbloom, Neal M. Kochman, and Patricia Gimbel Lewis, Wolters Kluwer, August 27, 2015
- "IRS Releases Guidelines for Examining CFC Transactions,"
with J. Clark Armitage and H. David Rosenbloom, International Law Office, August 21, 2015
- "Transfer Pricing Audits: Flipping the Tested Party,"
with J. Clark Armitage, H. David Rosenbloom, Neal M. Kochman, and Mark D. Allison, Caplin & Drysdale Client Alert, August 13, 2015
- "IRS Releases Guidelines for Examining CFC Transactions,"
with J. Clark Armitage, H. David Rosenbloom, Neal M. Kochman, and Mark D. Allison, Caplin & Drysdale Client Alert, July 29, 2015
- "Treasury Proposes Significant Changes to Model Tax Treaty,"
with H. David Rosenbloom, J. Clark Armitage, and Neal M. Kochman, International Law Office, June 12, 2015
- "Treasury Proposes Significant Changes to U.S. Model Tax Treaty,"
with H. David Rosenbloom, J. Clark Armitage, Neal M. Kochman, and Patricia Gimbel Lewis, Caplin & Drysdale Client Alert, May 26, 2015
- "OECD Releases Finalized Proposals on Key Tax Base Erosion Concerns,"
with Neal M. Kochman, Patricia Gimbel Lewis, and J. Clark Armitage, Global Tax Weekly, November 6, 2014
- "OECD Releases Finalized Proposals on Key Tax Base Erosion Concerns,"
with J. Clark Armitage and Neal M. Kochman, Caplin & Drysdale Client Alert, September 23, 2014
- "Remain Vigilant On Indian Permanent Establishments, Even After the Favorable e-Funds Decision,"
with Patricia Gimbel Lewis and J. Clark Armitage, Global Tax Weekly, July 10, 2014
- "Remain Vigilant on Indian Permanent Establishments, Even After the Favorable e-Funds Decision,"
with J. Clark Armitage, Caplin & Drysdale Client Alert, March 27, 2014
- "Bold Shift in IRS Approach to Transfer Pricing Controversies,"
with Patricia Gimbel Lewis, J. Clark Armitage, and Neal M. Kochman, Caplin & Drysdale Client Alert, February 27, 2014
Click here for a full list of publications.