  Let $K$ be an algebraically closed field of characteristic 0 and $f\in K[t]$
a polynomial of degree $d\geq 2$. There exists a local conjugacy $\psi_f(t)\in
tK[[1/t]]$ such that $\psi_f(t^d)=f(\psi_f(t))$. It has been known that
$\psi_f$ is transcendental over $K(t)$ if $f$ is not conjugate to $t^d$ or a
constant multiple of the Chebyshev polynomial. In this paper, we study the
algebraic independence of $\psi_{f_1}$,\ldots,$\psi_{f_n}$ using a recent
result of Medvedev-Scanlon. Related questions in transcendental number theory
and canonical heights in arithmetic dynamics are also discussed.
