New York, NY, May 08, 2011 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: “FATCA Adoption and Implementation NOW! Live Webcast.” This two-hour event is scheduled on June 22, 2011 from 3:00 PM to 5:00 PM ET.
The Foreign Account Tax Compliance Act (FATCA) was signed into law to help improve off-shore account reporting. Under this act, foreign banks are required to report and disclose U.S. interests in foreign financial institutions (FFIs). The legislation aims to prevent offshore tax abuses by U.S. persons through new rules which include the implementation of a new withholding regime. The new guidance is designed to achieve intent via a 30 percent withholding tax on foreign entities that refuse identity disclosures of these tax abusive persons.
Financial institutions, investment entities, insurance companies and other organizations operating globally must have a thorough understanding of what this new standard brings and its impact on international tax planning.
The Knowledge Group is assembling a panel of key thought leaders and experts to help you expand on this hot issue. The audience will have a chance to interact live with the panel in a Q&A segment.
It will explore the following key topics:
-- Procedures to be followed by participating Foreign Financial Institutions ("FFIs") in identifying U.S. accounts among their pre-existing individual accounts.
-- "Passthru payments" Definition and analysis, including the obligation of participating FFIs to withhold on pass thru payments
-- The categories of FFIs that will be "deemed compliant"
-- The obligation of participating FFIs to report in relation to U.S. accounts
-- Treatment of Qualified Intermediaries under section 1471
-- Application of section 1471 to expanded affiliated groups of FFIs under section 1471(e)
-- Duty integration of an FFI if it is also a Qualified Intermediary or Withholding Foreign Partnership or Trust under the Qualified Intermediary regime
-- Other Provisions
To register for this event, please click the link below or copy and paste it into your browser:
For an updated list of the faculty panel, agenda, etc., please visit:
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.