FATCA Compliance in 2013: How Prepared Are You?
In an effort to crack down on offshore tax evasion, The Foreign Account Tax Compliance Act (FATCA), which takes effect by January 2013, mandates foreign financial institutions (FFIs) to identify accounts owned by or for the beneficial interest of a U.S. taxpayer to the IRS. Failure to do so could lead to 30% withholding tax on certain payments.With compliance deadlines fast approaching, companies should already have started planning and adopting an effective FATCA program. The Knowledge Congress has scheduled a two-hour live webcast to discuss the significant issues relating to FATCA, regulation and implementation. Our panel of key experts and thought leaders will offer valuable, practical, insights on how your company should be progressing towards compliance in order to avoid the risk of potential pitfalls and penalties
Stephen M. Brecher, CIRA, CPA, J.D., LLM, MBA, Partner, and
Susan Grbic, MBA, CPA, JD, LLM, Director, and
Colleen Waddell , Director,
- The role of intergovernmental agreements in FATCA implementation.
- Issue for financial institutions and business that are not in treaty countries covered by the IGA
- Operational issues
Nick Matthews , Member,
Kinetic Partners LLP
- Issues for investment entities, especially offshore funds.
- The registration as an FFI and the role of service providers in ensuring FATCA compliance.
Keith D. Lawson , Senior Counsel, Tax Law,
ICI and ICI Global
** Speaker Talking Points to be added soon..
Who Should Attend:
- Compliance Officers
- International Tax Attorneys
- Tax Compliance Officers
- Senior Executives
- Financial Reporting Personnel
- ?Valuation Analysts
- General Counsel
- International Counsel
- Ethics Officers
- Forensic Auditors
- Vice Presidents and Directors
- International Contract Managers
- Executives and Senior Officers of Banks, Thrifts, Credit Unions, and other Financial Institutions
- Financial Industry Analysts
- Service providers
- Financial Executives
- Tax Managers
- Enrolled Agents
Steve is WeiserMazars Country Business Unit (CBU-Tax) leader and he is a member of the Global Business Unit (GBU-Tax) at Mazars group level. He focuses on cross-border business development as well as heads the Tax Go-to-Market initiatives. Steve has more than 40 years of experience in providing professional tax and consulting services to international banks and global businesses. He has extensive international tax experience with a great deal of concentration in financial services and capital markets. A partial list of clients for whom Mr. Brecher has provided tax services include: Banamex (prior to acquisition by Citibank), Caisse Des Depots, Credit Agricole, Credit Lyonnais (now Credit Agricole CIB), Deutsche Bank, Dresdner, ING and Societe Generale. Previously, as head of KPMG’s International Bank Practice, Steve had oversight of a very broad range of consulting engagements, including risk management, enterprise structure, controls and large federal and state tax examination. He chaired that firm’s Global Banking and Finance Tax Group and served as a member of its Global Banking & Finance Steering Committee.Steve has testified numerous times at hearings of the Internal Revenue Service on proposed tax regulations and provided comments to the OECD on issues of cross-border taxation. He has substantial experience with international tax treaties as well as negotiation of advance pricing agreements with the Internal Revenue Service and has spearheaded direct negotiation with foreign governments.A frequent lecturer on tax topics, both in the U.S. and abroad, he has also led numerous seminars in the U.S., Europe and Asia. Steve has also written on a broad spectrum of tax subjects and has served as a contributing editor on financial services and capital market issues for several publications.One of Steve’s signature accomplishments includes being selected as the representative of the accounting profession to serve on a Blue Ribbon Commission chaired by the New York Superintendent of Banks to review the regulation of foreign-owned financial institutions in New York State, following the collapse of BCCI
Steve is WeiserMazars Country Business Unit (CBU-Tax) leader and he is a member of the Global Business Unit (GBU-Tax) at …
Susan has over 20 years of experience in the financial services industry focusing principally on significant cross-border transactions including inbound and outbound investment, international and corporate tax planning, and the tax treatment of complex financial products, hybrid instruments and capital markets transactions. She specializes in tax issues concerning financial services clients, including banks, broker-dealers, hedge funds, private equity firms, and regulated investment companies.Prior to joining WeiserMazars, Susan was Head of Tax for the Americas at Barclays Capital. In that capacity, she established a best practices tax function which introduced a new product approval process for the banking and trading operations and included tax reporting (US GAAP and IFRS), SOX risk assessment, tax compliance (including oversight of information reporting), transfer pricing and managing and favorably resolving a large case federal tax examination with the Internal Revenue Service. She was also responsible for the tax efficient structuring of the acquisition of the Lehman North American operations. During this time, Susan worked on several projects with the U.S. Treasury regarding the taxation of structured notes as well as with industry groups regarding the tax treatment of prepaid forwards and equity swaps.As part of Citigroup’s corporate and investment bank, Susan was responsible for global tax support and tax oversight of the equity, fixed income, asset finance and investment banking divisions. She implemented improved trading activities guidelines and advised traders on a variety of equity and credit market trading strategies.Prior to Citigroup, Susan was a Director with Credit Suisse First Boston where she concentrated on the taxation of financial products, corporate tax planning and post-acquisition restructuring and integration. She was also principally responsible for tax issues relating to financial products, international tax planning and structuring of the firm’s global expansion and foreign tax credit utilization.Susan received her B.B.A., awarded magna cum laude, and M.B.A., awarded with distinction and honors thesis, from Pace University; her J.D., awarded cum laude, from Suffolk University and her LL.M. in Taxation from New York University School of Law. She is admitted to the New York and Massachusetts Bars and is licensed as a CPA in New York State. She is an active member of the New York State Bar Association as well as of the Wall Street Tax Association.
Susan has over 20 years of experience in the financial services industry focusing principally on significant cross-border transactions including inbound …
Colleen has over 15 years of experience in the financial services industry, primarily managing both retail and institutional global tax operations departments. She specializes in U.S. tax documentation, information reporting and withholding, taxation of trusts and estates, the tax treatment of complex financial products and new business initiatives, as well as operational concerns impacting local markets including proprietary and client tax reclaims, UK Manufactured Overseas Dividends, VAT, and Stamp taxation.Colleen’s current consulting focus is on FATCA, Qualified Intermediary Audits, the phased-in implementation of cost basis, and Accounts Payable concerns relative to NRA tax processing.Prior to joining WeiserMazars, Colleen was an Executive Director for Global Tax Operations at UBS Investment Bank. In that capacity, she was part of the management team that successfully remediated existing U.S. tax documentation and withholding issues. During her tenure at UBS, she implemented control processes to ensure adherence to global tax rules and regulations, maintained the global tax operations SOX risk assessment and implemented a proactive risk management posture that significantly reduced operational risk by centralizing and automating key tax functions and conducting internal quality assurance.In her role as Vice President and Senior Fiduciary Risk Manager at the Merrill Lynch Trust Company’s Private Wealth & Specialty Services group, she established a Tax Oversight Committee that reported tax risk to the Trust Company’s Board of Directors. She managed numerous operational functions including client tax preparation and planning services for trusts, estates and private foundations. Additionally, Colleen held the positions of Vice President of Tax Operations and Senior Project Manager for Policies & Procedures at Merrill Lynch.Colleen began her tax career at the Internal Revenue Service, District Counsel’s Office where she assisted Tax Counsel with settlement hearings and preparation of legal arguments for U.S. Tax Court. Colleen has also worked in private practice and the Prosecutor’s Office for Monmouth County.Colleen received her B.A. from Rutgers University and her J.D., awarded with distinction for pro bono service, from Seton Hall University School of Law. She is admitted to the New York and New Jersey Bars and is an active member of the New Jersey State Bar Association and the NJSBA’s Tax Section.
Colleen has over 15 years of experience in the financial services industry, primarily managing both retail and institutional global tax …
Nick joined Kinetic Partners as a partner in 2006, and spent two years in the Cayman Islands between 2008 and …
Keith Lawson is the senior counsel for tax matters for the Investment Company Institute and ICI Global. Presently, Keith leads the Business Advisory Group to the OECD’s Tax Relief and Compliance Enhancement (“TRACE”) Project – which seeks to enhance the process by which investors recover tax treaty benefits globally. Previously, Keith was a member of the OECD’s Informal Consultative Group on the taxation of Collective Investment Vehicles.Prior to joining the ICI in 1988, Keith was a tax associate with the Washington, D.C. law firm of Miller & Chevalier. He also served as the law clerk to Chief Judge Theodore Tannenwald, Jr. of the United States Tax Court and worked for the U.S. Senate Judiciary Committee.Keith graduated with highest honors from The National Law Center of George Washington University and summa cum laude from Western Maryland College.
Keith Lawson is the senior counsel for tax matters for the Investment Company Institute and ICI Global. Presently, Keith leads …
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About WeiserMazars LLP
Since 1921, WeiserMazars LLP has provided a unique combination of foresight and experience when fulfilling client needs in accounting, tax and advisory services. Named a top U.S. accounting firm by Accounting Today in 2012, WeiserMazars’ team of professionals brings technical expertise, industry insight and an integrated, customized approach to dealing with the critical issues and competitive challenges facing the firm’s clients. Whether on the local level or internationally, the firm guides clients through their day-to-day operations and works with them to ensure they have the right financial structure in place to meet their business goals.WeiserMazars’ team of over 100 partners and approximately 700 professionals is based out of six U.S. offices, Israel and the Cayman Islands. As the independent U.S. member firm of the Mazars Group – a prominent international accounting, audit, tax and advisory services organization with over 14,000 professionals in 68 countries on six continents – WeiserMazars represents clients of all types, including owner-managed businesses, complex, multi-national organizations and high net worth individuals in a multitude of industries. For more information visit us atwww.weisermazars.com.
About Kinetic Partners LLP
Kinetic Partners is a global leading provider of consulting, advisory and assurance services to clients within the asset management, investment banking and broking industries, who value the Firm’s global approach and expert advice. The Firm provides a full range of professional services including regulatory consulting and compliance, audit and assurance, corporate recovery, forensic services, risk compliance and monitoring, tax, and technology services.Kinetic Partners has built a multidisciplinary team of industry-recognised experts, drawn from regulators, financial institutions, asset management firms and leading professional services firms around the world. The Firm has gained an excellent reputation for the quality of its service delivery and currently advises over 1,300 clients across its eight offices in London, Dublin, New York, Grand Cayman, Geneva, Hong Kong, Luxembourg and the Channel Islands.
About ICI and ICI Global
The Investment Company Institute is the national association of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFS) and unit investment trusts (UITS). Members of ICI manage assets of more than $13.5 trillion and serve more than 90 million shareholders.ICI Global is a London-based trade organization focused on regulatory, market and other issues for global investment funds, their managers and investors. ICI Global members are regulated US and non-US based funds publicly offered to investors in jurisdictions worldwide. It is the first industry body exclusively focused on the perspective of globally active funds.