The Latest FATCA Guidance
A Seminar Series Hosted by Dechert LLP's Financial Services Practice
March 13, 2012
The US Department of the Treasury released long-awaited proposed regulations related to the Foreign Account Tax Compliance Act (FATCA) on 8 February 2012. FATCA, which was designed to identify US investors who may be avoiding the payment of US tax by investing in offshore accounts, will affect many foreign financial institutions, including banks and investment funds, starting later this year.
At this session, we will highlight the new rules, exemptions and other changes introduced by the proposed regulations, including new guidance on pass-through payments, deemed compliant foreign financial institutions and the identification of accounts held by US investors. We will also discuss the proposed joint programme, currently being developed with the UK, France, Germany, Spain and Italy, to provide an alternative “government-to-government” approach to FATCA implementation.
Listen to a recording of the seminar (MP3).