The Foreign Account Tax Compliance Act (“FATCA”) is likely the most far-reaching statute to combat offshore tax evasion in recent history. FATCA generally mandates foreign financial institutions (“FFI”) and non-financial foreign entities (“NFFE”) to identify accounts owned by, or for the beneficial interest of, United States taxpayers to the Internal Revenue Service. The penalty for non-compliance is steep: a 30% withholding tax on certain payments.
This webcast provides an overview of FATCA and examines the legal and regulatory impacts on foreign financial institutions.
What You Will Learn
- FATCA Overview
- The Law and IRS Guidance
- Practical Considerations
Who Should Attend:
Representatives from Compliance, Tax, Operations, Legal and Client Services from financial institutions. Also, in-house and outside counsel interested in or currently working on matters involving international tax, anti-money laundering or anti-corruption will benefit from this program.
Presenters:
Please join Richard Kando and Jeffrey Locke of Navigant Consulting, and Philip West, Esq., a partner at Steptoe and Johnson LLP, as they address these issues as well as your questions.
To attend this webcast scheduled for Wednesday, June 22, at 12 pm Eastern, please sign up below.
