Annual Meeting

MCFE 89th Annual Meeting of Members and Policy Forum
Wednesday, October 7, 2015
St. Paul River Centre, St. Paul, MN

Business Session 8:00 am – 8:45 am         Policy Forum (open to all)  9:00 am – 1:30 pm 

Event Overview

Our 89th Annual Meeting of Members and Policy Forum combines a unique opportunity to engage on timely tax and fiscal policy topics of importance to Minnesota’s economy and Minnesota businesses and connect with colleagues and peers while learning more about the MCFE’s ongoing work and activities.

This year, our policy forum takes a closer look at two issues making headlines. Our first panel tackles the complicated topic of “business tax fairness.” It’s a concept determined not just by levels of taxation but also by the increasingly thorny issues surrounding equity concerns regarding “how” business taxation is done. From “Main Street Fairness” to the OECD’s Base Erosion and Profit Shifting (or BEPS) project, the pursuit of fairness in state, national and international business tax policy has created a complex and uncertain tax policy landscape. Council on State Taxation (COST) President Doug Lindholm moderates a distinguished panel of state tax executives examining these and related tax policy developments.

Our second panel explores what to do with the state’s large and seemingly growing surplus. In light of the state’s fiscal condition, competitive position, revenue structure, and the growing concerns being expressed by many over rising income inequality, what tax and spending policies should be pursued? An all-star lineup of Minnesota economists will discuss and debate an agenda for the surplus in 2016.

Our luncheon speaker is Doug Baker, Chairman and Chief Executive Officer of Ecolab. Mr. Baker’s leadership, business success, and commitment to corporate citizenship has garnered national and international praise for Ecolab – one of Minnesota's most distinguished and globally admired headquartered companies. His personal commitment to a prosperous and healthy Minnesota is evident in his extensive civic and philanthropic endeavors, which earned him the 2014 Responsible CEO of the Year Award by Corporate Responsibility Magazine.

As always, our Policy Forum commences with our annual “Commissioner’s Update” from the Department of Revenue. Commissioner Cynthia Bauerly will highlight departmental initiatives and developments of interest to our members.

The Policy Forum is open to both members and non members, so please consider hosting a friend or colleague and introducing them to the MCFE.

Don’t miss your opportunity. REGISTER TODAY! Questions? Call our office at 651-224-7477.


8:00 am – 8:45 am                  MCFE Business Session

Review of 2014-15 activities, committee reports, and election of board members

9:00 am – 1:30 pm                  MCFE Policy Forum

(Individuals who are not members of the MCFE are welcome to join us for the policy session. CLE and CPE credits will be applied for.)

9:00 am                                   Welcome: MCFE President Susan Haffield

9:10 am – 9:30 am                 Commissioner’s Update
                                                Cynthia Bauerly, Commissioner, Minnesota Department of Revenue

9:30 am – 10:30 am               Panel 1: National and International Developments in "Business Tax Fairness"

Moderator: Doug Lindholm
President and Executive Director, Council on State Taxation (COST)

Panelists Include:
Gerald Morris, Vice President and Chief Tax Officer, General Mills
Jeff Hyde, Senior State Tax Counsel, IBM Corporation
Judy McNamara, Vice President, Taxes, Ecolab
Scott Naatjes, General Tax Counsel and Vice President, Cargill

9:30 am – 9:45 am                Break

10:45 am – 11:45 am             Panel 2: What to Do with the State Surplus -- The Economists' Views

Moderator: Todd Rapp
President, Himle Rapp

King Banaian, Dean, School of Public Affairs, St. Cloud State University
Toby Madden, Principal, Powerparametrics, and Former Economist, Minneapolis Federal Reserve Bank
Art Rolnick, Senior Fellow, Humphrey School of Public Affairs
Paul Anton, Anton Economics

12:00 pm – 1:30pm                 Annual Meeting Luncheon

Luncheon Speaker: Doug Baker
Chairman and Chief Executive Officer, Ecolab