Customs Valuation and Transfer Pricing

~Session Details~

Tuesday, August 2nd | 8:00 AM-9:30 AM CDT

Join BDO USA, LLP and Schaeffler Group USA, Inc. for a discussion about customs valuation and the key ingredients for transaction value between related companies. The discussion will cover the basic transfer pricing for income tax and why it matters for customs valuation. We will also highlight the importance of linking tax and trade professionals to manage the intercompany pricing process and common pitfalls that can lead to missed duty recovery opportunities or segue into customs audits. We will also examine post importation transfer pricing adjustments and tools for managing and reporting them to customs. Finally, we will explore strategies companies can employ to legally reduce customs value and key considerations for customs duty reduction programs.

~Session Speakers~

Damon V. Pike

International Tax Principal; Customs & International Trade Services, JD, LCHB

BDO

Damon V. Pike leads the Customs and International Trade Services (CITS) group within the International Tax Services practice at BDO USA, LLP (fifth largest global tax, assurance, and advisory firm).  The goal of the CITS team is to provide end-to-end global consulting services for all aspects of import/export planning and compliance.  Mr. Pike has more than 32 years of experience helping multinational companies navigate the complex rules governing the cross-border movement of goods and services. He is especially known for his pioneering work in using transfer pricing income tax rules to support declared customs values, and was a keynote speaker in 2007 at the World Customs Organization summit on this topic.  Mr. Pike is also the co-author of “Customs Law” (the only law school textbook on this topic ever published in the U.S.) and is an Adjunct Professor of Law at Emory University in Atlanta.  Prior to joining BDO in 2019, he spent 12 years running his own firm from 2006-2018, and also spent 13 years with a Big Four firm as the National Director of the firm’s customs consulting practice.

Anna Zajac

Senior Manager
BDO

Anna is a Senior Manager in BDO’s Customs and International Trade Services group within the firm’s International Tax Services. She has more than 20 years of experience managing and advising global trade compliance teams. She is an experienced industry professional that has helped clients in small, mid, and large markets effectively manage the financial and operational effects of change. She can provide strategic insights for import and export compliance management and effective practices for managing U.S. Customs & Border Protection, International Traffic in Arms (ITAR), and Export Administration Regulation (EAR) requirements.

Wendy Everett

Regional Manager of Customs Strategy for North America

Schaeffler Group USA

Wendy Everett began her career with Schaeffler Group USA 24 years ago, gaining unparalleled experience and success in the logistics, finance, and customs operation space, while also establishing herself as a respected customs professional. Wendy from its infancy founded Schaeffler’s customs operation department which now serves Canada, Mexico, and the U.S. along with establishing their current transfer pricing program.  Her current role is the Regional Manager of Customs Strategy for North America. Wendy is widely known for her vast knowledge of U.S. Customs policies and procedures. While her speaking engagements have taken her around the world, Wendy was born in Chicago but now makes her home in Fort Mill, South Carolina. She is the mother of a beautiful daughter Brittany. Outside of the office, Wendy enjoys reading, drag racing, and rescuing animals.

Keith Anderson

Senior Customs Specialist

Schaeffler Group USA

Keith Anderson has worked in the logistics industry for 13 years, gaining experience in logistics, export, and import, ITAR and strategic customs. As a seasoned Senior Customs Specialist at Schaeffler Group USA, he is passionate about improving internal processes and training as it relates to CTPAT, transfer pricing and free trade agreements. In addition to his duties in the strategic customs department, he is also involved in diversity and inclusion training within the community. Outside of the office, Keith enjoys reading, racquetball, and table tennis.