Josh Gelernter, Senior Manager, Grant Thornton LLP to Speak at KC’s Event
New York, NY, November 26, 2015 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Josh Gelernter, Senior Manager, Grant Thornton LLP will speak at the Knowledge Group’s webcast entitled: “Emerging Issues: Are You Prepared for the Upcoming FATCA Compliance Deadlines for Non-U.S. Financial Institutions? Live Webcast.” This event is scheduled for January 15, 2016 from 12:00pm – 2:00pm (ET).
For further details, please visit: https://theknowledgegroup.org/emerging-issues-are-you-prepared-for-the-upcoming-fatca-compliance-deadlines-for-non-us-financial-institutions-live-webcast/
About Josh Gelernter
Josh is a senior manager in Grant Thornton's New York office. Josh has over 9 years of experience advising some of the largest multi-national companies on numerous cross-border transactions and multi-country tax planning opportunities, including inbound investment into the United States. Josh has assisted a Fortune 100 company on a multi-national tax efficient supply chain management restructuring. He also managed a multi-billion dollar spin-off, assisting the new company with its tax registrations in Europe, Asia and South America. He has also assisted a large retail company with its global tax compliance. Josh has advised a variety of clients on their FATCA obligations and due diligence requirements. He has performed entity classification analyses, registered FFIs on the IRS FATCA portal, analyzed payments to foreign payees to determine whether withholding was required and at what rates and prepared and reviewed withholding tax certifications.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton works with a broad range of publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations. Core industries served include consumer and industrial products, financial services, not-for-profit, private equity, and technology. Grant Thornton focuses on serving dynamic organizations that pursue growth holistically — whether through revenue improvement, leadership, mission fulfillment, or innovation.
Event Synopsis:
With the Foreign Account Tax Compliance Act (FATCA) coming into effect this 2016, many U.S. and non-U.S. financial institutions (FIs) around the globe are struggling to establish due diligence system and infrastructure to be able to identify those who have U.S. tax liability. The focus has clearly shifted to compliance from entity classification and registration, which implies an increased pressure to non-U.S. entities. Official guidelines have been issued by non-U.S. jurisdictions to enforce FATCA compliance by the FIs within their corresponding reach.
The Cayman Islands has issued an updated User Guide with reporting and notification deadlines clarifying notification process with regards to Cayman FI sponsorships and nil return filing. Moreover, the deadline for 2015 year FATCA report of U.S. reportable persons is on May 31, 2016 while pre-existing account remediation completion, other than high-value accounts, is due on June 30, 2016. On the other hand, the British Virgin Islands’ (BVI’s) International Tax Authority (ITA) has also issued its updated FATCA Guidance Notes. Changes in the Guidance Notes include the extension of the 2014 reporting submission.
About The Knowledge Group /The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars 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 for an event, please visit: http://theknowledgegroup.org/
For further details, please visit: https://theknowledgegroup.org/emerging-issues-are-you-prepared-for-the-upcoming-fatca-compliance-deadlines-for-non-us-financial-institutions-live-webcast/
About Josh Gelernter
Josh is a senior manager in Grant Thornton's New York office. Josh has over 9 years of experience advising some of the largest multi-national companies on numerous cross-border transactions and multi-country tax planning opportunities, including inbound investment into the United States. Josh has assisted a Fortune 100 company on a multi-national tax efficient supply chain management restructuring. He also managed a multi-billion dollar spin-off, assisting the new company with its tax registrations in Europe, Asia and South America. He has also assisted a large retail company with its global tax compliance. Josh has advised a variety of clients on their FATCA obligations and due diligence requirements. He has performed entity classification analyses, registered FFIs on the IRS FATCA portal, analyzed payments to foreign payees to determine whether withholding was required and at what rates and prepared and reviewed withholding tax certifications.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton works with a broad range of publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations. Core industries served include consumer and industrial products, financial services, not-for-profit, private equity, and technology. Grant Thornton focuses on serving dynamic organizations that pursue growth holistically — whether through revenue improvement, leadership, mission fulfillment, or innovation.
Event Synopsis:
With the Foreign Account Tax Compliance Act (FATCA) coming into effect this 2016, many U.S. and non-U.S. financial institutions (FIs) around the globe are struggling to establish due diligence system and infrastructure to be able to identify those who have U.S. tax liability. The focus has clearly shifted to compliance from entity classification and registration, which implies an increased pressure to non-U.S. entities. Official guidelines have been issued by non-U.S. jurisdictions to enforce FATCA compliance by the FIs within their corresponding reach.
The Cayman Islands has issued an updated User Guide with reporting and notification deadlines clarifying notification process with regards to Cayman FI sponsorships and nil return filing. Moreover, the deadline for 2015 year FATCA report of U.S. reportable persons is on May 31, 2016 while pre-existing account remediation completion, other than high-value accounts, is due on June 30, 2016. On the other hand, the British Virgin Islands’ (BVI’s) International Tax Authority (ITA) has also issued its updated FATCA Guidance Notes. Changes in the Guidance Notes include the extension of the 2014 reporting submission.
About The Knowledge Group /The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars 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 for an event, please visit: http://theknowledgegroup.org/
Contact
The Knowledge Group
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.theknowledgegroup.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.theknowledgegroup.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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