FATCA Impact on International Business Transactions: Proposed Regulations and Other New Issues
A CLE Seminar Presented by Dechert LLP
June 20, 2012
Location: New York, NY
The U.S. government’s determination to deter tax evasion on offshore assets and boost general taxpayer morale is reflected in enactment of the Foreign Account Tax Compliance Act (FATCA) whose goal is to flush out the identity of U.S. persons investing in offshore accounts and funds. Recently, FATCA hit the front pages with the unprecedented joint statement on cooperative agreements with five European nations was announced, together with the release of the long-awaited 388-page proposed regulations for implementing the FATCA provisions.
- How will FATCA change your client relationships, business model, and systems and operations?
- What must clients do to comply with the FATCA provisions?
- What are the specific impacts on investment funds, wealth management service providers, and trusts?
- Will more European and Asia Pacific jurisdictions sign cooperative agreements with the U.S. IRS?
Find out what you need to know about FATCA as we dig deeper into the issues.
CLE is pending in CA, NJ, NY and PA.