Emerging Issues: FATCA Goes Global
Overview:
The Foreign Account Tax Compliance Act (FATCA) came into effect in 2014, forcing overseas banks to disclose account information of US citizens to the Internal Revenue Service or face a 30% withholding on certain applicable payments. The OECD, having developed a similar regime, has introduced the Automatic Exchange of Information (”OECD”) guidelines to help countries standardize information exchange on a global level. Unlike FATCA, the OECD guidelines are applicable based upon tax residency, and require financial institutions to report accounts held by residents of participating jurisdictions.
In a 2-hour live webcast, a panel of key thought leaders organized by The Knowledge Group will provide an overview of Emerging Issues as FATCA Goes Global to help attendees to understand the wide and costly scope of the Act and its potential effects upon national and foreign banks and financial firms, foreign governments, companies, and individual taxpayers. Speakers also will discuss the consequences of the OECD guidelines.
Key topics include:
- Introductory Section US FATCA as it rolls out in other countries
- Global Information Exchange: The Interplay between FATCA, UK CDOT and CRS
Agenda:
SEGMENT 1:
Joseph Riley, Partner
Willkie Farr & Gallagher LLP
- Introductory Section US FATCA as it rolls out in other countries.
SEGMENT 2:
Susan Grbic, Partner
WeiserMazars
- Global Information Exchange: The Interplay between FATCA, UK CDOT and CRS
Who Should Attend:
- Tax Professionals
- CPAs
- Enrolled Agents
- Chief Financial Officers
- Auditors
- Compliance Officers
- Banking and Financial Institution Executives
- Other Related/Interested Professionals
Susan is WeiserMazars’ Tax Practice leader for both Financial Services and FATCA. She has over 20 years of experience in …
Joseph A. Riley is a partner in Willkie Farr & Gallagher LLP’s Tax Department. He specializes in the taxation of …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
145122
NASBA Field of Study:
Taxes
NY Category of CLE Credit:
Areas of Professional Practice
Total Credits:
2.0 CLE
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
Login Instructions:
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SPEAKERS' FIRMS:
About WeiserMazars
Since 1921, WeiserMazars LLP has provided a unique combination of foresight and experience when fulfilling client needs in accounting, tax and advisory services. WeiserMazars’ team of over 100 partners and approximately 650 professionals is based out of eight 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 nearly 14,000 professionals in more than 70 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.
Website: https://WeiserMazars.com
About Willkie Farr & Gallagher LLP
Willkie is an elite international law firm of approximately 600 lawyers located in eight offices in six countries. For more than 125 years, we have represented companies across a wide spectrum of businesses and industries, most notably financial services. The firm is comprised of attorneys who are individually and as a group recognized as some of the world’s foremost subject matter experts in their respective areas of practice.
Website: https://willkie.com